国金证券给予华利集团买入评级，H1新工厂影响盈利，期待改善趋势

Group 1 - The core viewpoint of the report is that Guoli Group (300979.SZ) is rated as a "buy" due to its growth driven by both volume and price increases, alongside the ramp-up of new factories [2] - The report highlights that profit margins are influenced by fluctuations in orders from existing customers and the ramp-up of new factories, with expectations for improved profitability [2] - Short-term impacts from tariffs are acknowledged, but the long-term growth logic for the company remains solid [2]