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Every investment AI flash news, Dongwu Securities released a research report on April 22, giving a "buy" rating to Shangtai Technology (001301.SZ) with a target price of 118.4 yuan. The reasons for the rating mainly include: 1) The gross profit margin in Q4 2025 rebounded, and the performance met our expectations; 2) The company's negative electrode is in full production and full sales, with an expected growth of over 30% in 2026; 3) The year-end bonus in 2025 Q4 affects the unit net profit, if added back, the overall profit level remains stable; 4) The expense ratio increased in Q4 2025, with inventory levels well controlled. (Daily Economic News)