Southwest Securities released a research report on April 21 stating that it gave Dewell (688377.SH) a buy rating. The main reasons for the rating include: 1) rapid increase in production capacity of new equipment, increasing the added value of products with finishing and surfacing technology; 2) 2024Q1 profitability improved month-on-month, and cost control capabilities continued to be optimized; 3) the offshore oil and gas boom continued, and high-margin deep-sea products continued to benefit; 4) the fund-raising project progressed smoothly, and high-end valves are expected to become the company's second growth pole. (Mainichi Keizai Shimbun)