Turbocharger parts leader, Best: enter the new energy track, the prospect is promising

Open source Securities released a research report on December 06, the first to best buy rating, is expected in 2021-23 revenue of 10.86/13.15/1.636 billion yuan, net profit of 2.15/2.88/387 million yuan, EPS of 1.07/1.44/1.93 yuan/share, PE was 23.3/17.4/13 times. Rating reasons mainly include: 1) Turbocharger core components leading suppliers, cut into the new energy track prospects; 2) In the field of Deep plow turbo parts,the performance maintained stable growth;3) The extension mergers and acquisitions are carried out in an orderly manner, opening up growth space for new energy business.

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