Dongwu Securities gives Bertoni a "Buy" rating: new business is rapidly taking off, and performance meets expectations

NightAirdropper · 2026-04-04T05:51:57+00:00

Dongwu Securities gives Bertoli a "Buy" rating due to the simultaneous growth and capacity expansion of its intelligent electronic control business. However, there are risks related to passenger car demand and overseas factory construction.

NightAirdropper

2026-04-04 05:51:57

Abstract generation in progress

Daily Economic News AI Express, on April 2, Soochow Securities released a research report saying it gave a “Buy” rating to Bertelli (603596.SH, latest price: 44.86 yuan). The main reasons for the rating include: 1) intelligent electronic control yields rise while mechanical braking gross margin faces pressure; 2) the full-year gross margin declined slightly year over year, while the expense ratio increased year over year; 3) business expansion and capacity planning are being advanced in parallel, strengthening the line-control chassis (line-controlled dashboard) foundation and the layout of emerging businesses. Risk warning: passenger car demand is not as expected, and overseas factory construction is not as expected.

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(Reporter Zhang Yiwei)

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