Lates News

According to a news flash from Every AI, Dongwu Securities issued a research report on April 16th giving Hongcheng Environment (600461.SH) a "buy" rating. The main reasons for the rating include: 1) Steady growth in water operations by 2025, decline in engineering revenue, and pressure on the gas sector; 2) Extension of the depreciation period for water and gas pipelines, creating a performance space of 0.51 billion yuan over 25 years; 3) Savings in management and financial expenses, reduction in asset-liability ratio; 4) Reduction in capital expenditure, increase in free cash flow, and continued high dividends (Daily Economic News).