Dongwu Securities keeps Buy rating on Guangyang, eyes FPC & robotics turnaround

Dongwu Securities has maintained its 'Buy' rating on Guangyang Co., Ltd., a leading bearing manufacturer, in a recent research report. The brokerage expects the company's flexible printed circuit (FPC) and robotics businesses to ramp up production and turn profitable, driving a reversal of losses. Founded in 1994 as an automotive bearing maker, Guangyang has since expanded into synchronizers and automotive electronics. In recent years, it has further diversified into FPC, humanoid robots, and the low-altitude economy. Dongwu Securities highlights the company's internal and external growth strategy, and believes the new businesses will become key growth drivers. The report suggests that as these segments gain traction, Guangyang's financial performance will improve, justifying the 'Buy' rating. The brokerage's optimistic outlook is based on the company's established bearing business and its successful expansion into high-growth areas.