3 March 2026 | 5:23PM CST Equity Research Yingliu (603308.SS) Raise TP on extended gas turbine demand visibility and price hike potential; Buy We raise our 12-month TP for Yingliu to Rmb85.0 (+61% vs. Rmb52.7 previously) and increase our 2027E-30E EPS by 3%-13%, as we factor in: 1) higher pricing potential as Yingliu expands market share and raises prices for new SKU contracts with rising utilization rates; and 2) accelerated capacity expansion given high gas turbine demand, as evidenced by the additional p ...