GLONGHUI, December 3 | According to China Merchants Securities Research Report, Tuopu Group (601689.SH) is seizing industry trends and actively expanding high-quality customers. The main customers in 2023 include Tesla, Geely, BYD, and Cyrus. We have more than 50 subsidiaries and more than 70 manufacturing plants around the world to expand production capacity to meet customer needs. The company's various businesses continue to maintain a good development trend. New products are continuously mass-produced and offline, and customer resources are of high quality. The company's net profit for 2024/2025/2026 is estimated to be 2.99/3.8/4.73 billion yuan, respectively, for the first time, covered with a “Highly Recommended” rating.
研报掘金丨招商证券：拓普集团新产品不断量产下线，首予“强烈推荐”评级
Research reports: China Merchants: ningbo tuopu group continuously puts new products into mass production, initially rated as "strongly recommended".
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