Tianfeng Securities released a research report on April 19 stating that it gave Seiko Steel Structure (600496.SH) a purchase rating. The main reasons for the rating include: 1) 23H2's performance is clearly under pressure, which is optimistic about overseas business expansion and business structure optimization; 2) industry and public buildings have maintained steady growth, and there is still room for improvement in patent licensing business; 3) profitability is under phased pressure, and cash flow is corrected for the first time in three years. (Mainichi Keizai Shimbun)