Huaxin Securities gives Yasha shares a cautious recommendation rating: prefabricated decoration leader, industry reform breaker

Huaxin Securities issued a research report on March 12, stating that it gave Yaxia shares (002375.SZ) a cautious recommendation rating. The main reasons for the rating include: 1) The company is a leading domestic architectural decoration company and takes the lead in industrialized layout; 2) Prefabricated decoration has two strong catalysts, and the market space is large; 3) The company has led the commercial operation of prefabricated decoration and has a  obvious competitive advantage. Risk warning: prefabricated decoration promotion is not as expected, bad debt risks, real estate regulation and control exceeding expectations, etc.