Huafu Securities released a research report on April 22 stating that it gave Angus (688581.SH) a purchase rating, and the target price was 125.50 yuan. The main reasons for the rating include: 1) the company released its 2023 annual report and 2024 quarterly report; 2) the 23-year performance was in line with expectations, and 24Q1 profits continued to increase; 3) domestic and foreign two-wheel drive achieved impressive growth rates; 4) the continued growth of high-margin GI products led to a continuous rise in the company's gross margin. (Mainichi Keizai Shimbun)