Dongguan Securities gives Hango Group an "Overweight" rating. In-depth report: Leading domestic home hardware manufacturer, building a competitive moat through design + intelligent manufacturing + channels

2026-02-28 00:29:45

Abstract generation in progress

Everyday Economic News AI Express, Dongguan Securities released a research report on February 26th, giving Hango Group (001221.SZ) an “Overweight” rating. The main reasons for the rating include: 1) a rich product matrix supporting the company’s long-term development; 2) the industry scale continues to expand, and market consolidation presents opportunities; 3) sustained high performance growth with outstanding profitability. Risks include: slow recovery of the real estate market leading to weak demand for home hardware; fluctuations in raw material prices affecting gross profit margins; product quality and outsourcing processing risks; capacity expansion below expectations; slow progress in expanding new markets and developing new products, resulting in lower-than-expected market share growth.

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(Reporter Wang Hanli)

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