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According to a research report released by Pacific on September 26, they have given a buy rating to Hualu Hengsheng (603102.SH). The rating reasons mainly include: 1) Changes in channel structure leading to pressure on revenue of self-owned brands, while new dosage forms maintain rapid growth momentum; 2) Rapid growth in orders from new types of customers, changes in customer structure leading to a decline in net profit margin; 3) Acquisition of a new health product company in New Zealand, with the main business income of the acquisition target showing impressive growth performance. (Daily Economic News)
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