Open Source Securities released a research report on April 25 stating that it maintains the purchase rating of Company 9 (689009.SH). The main reasons for the rating include: 1) 2024Q1 performance exceeded expectations, with a high increase in two-wheelers/all-terrain vehicles/lawnmowers; 2) new two-wheeler/all-terrain vehicles/lawnmower robots increased overall, and ToB channels resumed positive growth; 3) increased gross margin due to the scale effect of the new category, which led to a significant increase in cost rates and profits. (Mainichi Keizai Shimbun)