Lates News

According to a research report published by Shanxi Securities on August 12th, giving Shengquan Group (605589.SH) a recommendation to increase holdings. The main reasons for the rating include: 1) as a global leader in synthetic resins, the growth of the electronic chemicals, biomaterials, and new energy sectors is promising; 2) the phenolic resin & foundry materials industry is relatively mature, with the advantages of "industry layout + production capacity + advanced technology" creating core competitiveness; 3) the upgrade of computing power drives the volume of AI servers, with demand for PPO expected to exceed 6,000 tons by 2027; 4) rapid improvement in the permeability of silicon-carbon negative electrodes, with porous carbon expected to become a new growth pole for the company; 5) the production of the Daqing project will realize the high-value utilization of biomaterials, and after reaching full production, it is expected to contribute 700 million gross profit. (Daily Economic News)