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Every AI express, Dongxing Securities released a research report on April 2, giving Waifu High Speed (600012.SH) a "strong buy" rating. The main reasons for the rating include: 1) the opening of the Xuangang Expressway driving high income growth; 2) steady growth in non-Xuangang road income, with new acquisitions contributing to profits; 3) cost growth mainly due to increased Xuangang amortization and maintenance costs; 4) acquisition of equity in Shandong Expressway, expected to increase investment income; 5) the company is expanding its investment scale, with an increase in the asset-liability ratio to 53.3%, leading to a slight increase in financial expenses. (Daily Economic News)
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