guotai junan research report pointed outzazacasinonodepositbonus, Dongfang Shenghong (000301)(000301zazacasinonodepositbonus.SZ)2023 and 2024Q1 performance is under pressurezazacasinonodepositbonus, it is expected to recover with downstream performance in the future. The company plans to strategically introduce Saudi Aramco and is expected to achieve a strong alliance. Lower the target price to 11zazacasinonodepositbonus. 76 yuan (originally 13.05 yuan), maintaining an "overweight" rating. The bank is optimistic that refining and chemical profits will be restored step by step, with large room for improvement. The average oil distribution price in 2023 will be approximately US$83/barrel, down 17% year-on-year. Benefiting from the decline in crude oil costs at the cost side and the recovery of downstream refined oil products and chemicals, the company's gross profit margin of petrochemical and new chemical materials will be 12.40% in 2023,+4.45% year-on-year.
