Pacific released a research report on April 15 stating that it gave Seodaemun (605155.SH) a purchase rating. The main reasons for the rating include: 1) events: the company recently released its 2023 annual report; 2) taking advantage of cross-border e-commerce dividends, rapid growth in shading products; 3) the increase in capacity utilization rate+high-margin finished product business led to an increase in gross margin, and increased brand marketing efforts led to fluctuating profit margins; 4) the shading industry had a small but beautiful segmented circuit, dominated by overseas demand, and rising prosperity. (Mainichi Keizai Shimbun)