Dongwu Securities gives Hengdian DMEG a "Buy" rating. 2025 Annual Report Review: Strong resilience in photovoltaic counter-cyclical operations, steady growth in magnetic materials and lithium batteries.

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Daily Economic News AI Express: On March 31, Soochow Securities released a research report saying it gives Hengdian Dongci (002056.SZ, latest price: 18.6 yuan) a “Buy” rating. The main reasons for the rating include: 1) advancing a differentiated strategy in photovoltaics and demonstrating operating resilience through the counter-cyclical period; 2) magnetic-material components making steady progress and lithium battery capacity building for a new breakthrough; 3) maintaining stable expense ratios and keeping operating cash flow as a positive inflow. Risk warning: risks such as policies falling short of expectations, intensifying competition, etc.

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(Reporter Wang Hanli)

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