东莞证券给予北新建材增持评级：经营稳健，涂料业务增长明显

Group 1 - Dongguan Securities issued a report on August 18, giving Beixin Building Materials (000786.SZ, latest price: 26.68 yuan) an "Accumulate" rating [2] - The rating rationale includes a decline in performance due to credit impairment provisions [2] - The revenue growth in the coatings business is notable [2] - There is a decrease in net profit margin [2] - The company has good expense control and an optimized asset structure [2] Group 2 - Risks include lower-than-expected recovery in the real estate market and slower-than-expected growth in infrastructure investment, which may lead to a decline in industry demand [2] - The significant increase in company expenses has resulted in a decrease in profit margins [2] - The growth in market share and performance may be lower than expected [2]