Minsheng Securities released a research report on April 27 stating that it gave Torch Electronics (603678.SH) a recommended rating. The main reasons for the rating include: 1) 1Q24 profit increased by 182% month-on-month; there may be restorative growth as demand improves; 2) expenses were relatively stable during the period; reduced repayments affected operating cash flow; 3) all three sectors achieved business breakthroughs; and continued search for new business growth points. (Mainichi Keizai Shimbun)