Dongwu Securities released a research report on April 18 stating that it gave Xingyuan Materials (300568.SZ) a purchase rating. The main reasons for the rating include: 1) the 23Q4 performance fell short of expectations, and the 24Q1 performance was in line with expectations; 2) diaphragm shipments were 2.5 billion square meters in 23, and shipments are expected to maintain a nearly 50% increase in 24; 3) the average price for 23 years decreased by 30%, and the profit for a single flat rate is expected to fall within 0.2 yuan in 24; 4) the 23Q4 rate increased dramatically, and inventory increased quarterly. (Mainichi Keizai Shimbun)