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Each AI Express, Huayuan Securities released a research report on November 12, giving Nancor (920522.SH) a "buy" rating. The main reasons for the rating include: 1) The self-developed high-speed wide-width dry electrode equipment of Nancor has been successfully delivered, and the exploration of polymer materials and hydrogen production in non-lithium battery fields has been smooth; 2) Export products have exceeded 200 million yuan, and a regional headquarters has been set up in Hainan to integrate sales, settlement, and after-sales services globally. (Daily Economic News)