Minsheng Securities released a research report on April 17 stating that it gave Northern Navigation (600435.SH) a recommended rating. The main reasons for the rating include: 1) 4Q23 revenue growth of 17%; increase in profitability in 2023; 2) increase in gross margin of dual-use military and civilian products; rapid growth in profits of subsidiary Hengyang Electric; 3) stable cost rates; and increased R&D to improve the ability to transform scientific and technological achievements. (Mainichi Keizai Shimbun)
民生证券4月17日发布研报称，给予北方导航（600435.SH）推荐评级。评级理由主要包括：1）4Q23营收增长17%；2023年盈利能力提升；2）军民两用产品毛利率提升；子公司衡阳光电利润快速增长；3）费用率较为稳定；加大研发提升科技成果转化能力。（每日经济新闻）
Minsheng Securities released a research report on April 17 stating that it gave Northern Navigation (600435.SH) a recommended rating. The main reasons for the rating include: 1) 4Q23 revenue growth of 17%; increase in profitability in 2023; 2) increase in
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