Gelonghui, April 10 | Guosheng Securities Research Report points out that Baosteel Co., Ltd. (600019.SH), as a leading domestic steel company, leads the world in sales volume in high-end product fields such as automobile plates and electrical steel. The company's historical profitability ranks among the highest in the industry. At the same time, costs still have significant room to decline. The main products are in a favorable competitive position while also having scarce production capacity expansion attributes. In the context of product structure optimization and the return of short-term profits in the industry, profit improvements are worth looking forward to. Currently, the ratio of the company's market value to replacement cost is significantly undervalued and has significant strategic investment value. In the past three years, the central valuation area corresponds to a market value of about 234.2 billion yuan, and the high-valuation area corresponds to a market value of about 354.6 billion yuan. It was covered for the first time, giving it a “buy” rating.