Lates News

According to the AI Express of Every Economy, on March 4th, Xinda Securities issued a research report giving Zongxin Stock (603091.SH) a "buy" rating. The rating reasons mainly include: 1) From October 2024 to September 2025 (retrospective period), Zongxin's export revenue to Canada is approximately 83 million yuan (revenue accounts for 7.7%), with a total tax rate of around 30%-40%. We judge that future procurement costs for customers will be higher than in Southeast Asia. If orders are transferred to Thailand, it will have limited impact on domestic production capacity utilization (while Thailand is accelerating production); 2) Since the U.S. double anti-investigation, we believe that some orders have been diverted from Canada to the U.S. market. If Canadian regulations become stricter, orders to the U.S. are expected to accelerate migration, and the share of leading compliant companies with overseas production capacity may continue to increase. (Daily Economic News)