Dongwu Securities released a research report on April 26 stating that it gave Hunan Yuneng (301358.SZ) a purchase rating, and the target price was 50.1 yuan. The main reasons for the rating include: 1) 24Q1 performance slightly exceeded expectations, and profitability increased month-on-month; 2) Q1 shipments increased; 3) the bottom was established, and Q1 profits rebounded month-on-month, still leading the industry; 4) the acquisition of phosphate mining rights and the integrated layout progressed smoothly; 5) Q1 single-ton costs declined significantly, and inventory increased from the beginning of the year but was still at a reasonable level. (Mainichi Keizai Shimbun)