国信证券发布宏发股份研报，高压直流继电器景气驱动，公司业绩稳步增长

Group 1 - The core viewpoint of the report is that Hongfa Technology (600885.SH) is rated as "better than market" due to its strong position in the high-demand electric vehicle industry and the high prosperity of high-voltage direct current relays [2] - The company is expected to benefit from the steady growth of traditional relay industries, indicating a diversified revenue stream [2] - New products from the company are anticipated to see continuous volume growth, which could enhance overall performance [2]