Tianfeng Securities released a research report on April 10 stating that it gave China Metallurgical (601618.SH) a purchase rating. The main reasons for the rating include: 1) revenue achieved steady growth in 23, which was dragged down by impairment, and profits were briefly pressured by impairment; 2) the engineering contracting business led to an increase in overall revenue, and overseas business is expected to achieve relatively rapid growth; 3) gross margin improved slightly, and impairment losses increased. (Mainichi Keizai Shimbun)