Sou Hu Cai Jing·2025-09-22 08:38Group 1 - Tianfeng Securities issued a report on September 22, giving Chuangyuan Co., Ltd. (300703.SZ, latest price: 32.59 yuan) a "buy" rating [1] - The rating rationale includes collaboration with professional investment institutions to establish funds [1] - This collaboration aims to leverage the market insight and project coverage capabilities of professional investment institutions to discover quality project resources, achieving resource sharing and mutual benefits, thereby deepening the integration of industry and capital [1] Group 2 - The report highlights potential risks such as macroeconomic uncertainty, high dependence on overseas markets, exchange rate fluctuation risks, and innovation in research and design not meeting market expectations [1] - Additional risks include the possibility that share buybacks may not meet expectations and that collaborative investments may fall short [1]