Open Source Securities released a research report on April 22 stating that it gave Hongfa Co., Ltd. (600885.SH) a purchase rating. The main reasons for the rating include: 1) winning with quality to become a global relay leader; 2) traditional relays: multiple downstream layouts cross the cycle and are expected to achieve steady growth; 3) HVDC relays: high growth rate downstream, such as new energy vehicles, contributing to growth; 4) Low-voltage electrical appliances & new categories of products: focusing on overseas markets and opening up the growth ceiling around new energy sources. (Mainichi Keizai Shimbun)
开源证券4月22日发布研报称，给予宏发股份（600885.SH）买入评级。评级理由主要包括：1）以质取胜，造就全球继电器龙头；2）传统继电器：多下游多品类布局穿越周期，有望实现稳健增长；3）高压直流继电器：新能源汽车等高增速下游贡献成长性；4）低压电器&新门类产品：聚焦海外市场，围绕新能源布局，打开增长天花板。（每日经济新闻）
Open Source Securities released a research report on April 22 stating that it gave Hongfa Co., Ltd. (600885.SH) a purchase rating. The main reasons for the rating include: 1) winning with quality to become a global relay leader; 2) traditional relays: mul
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