Dongwu Securities released a research report on April 14 stating that it gave Hanlan Environment (600323.SH) a purchase rating. The main reasons for the rating include: 1) steady growth in core profits from solid waste operations, active development of heating & international exploration; 2) restoration of energy performance, which is expected to maintain normal profits in the future; 3) the commissioning of new projects & asset-light operations drive a high increase in drainage revenue; 4) free cash flow will continue to increase as the government supports the settlement of receivables + capital expenditure; 5) actively increasing the dividend ratio and planning to pay 10% + per share over the next three years. (Mainichi Keizai Shimbun)