华安证券给予石头科技买入评级，石头科技25Q2点评：扫地机&洗地机盈利环比改善

Core Viewpoint - Huazhong Securities issued a buy rating for Stone Technology (688169.SH) based on its Q2 2025 performance report, highlighting significant revenue growth despite a decline in net profit [2] Group 1: Financial Performance - Q2 revenue reached 4.475 billion yuan, representing a year-on-year increase of 73.8% [2] - The net profit attributable to shareholders was 410 million yuan, showing a year-on-year decrease of 43.2% [2] Group 2: Revenue Analysis - Revenue growth was driven by government subsidies, increased market share in Europe and Asia, and a doubling of floor cleaning machine sales [2] Group 3: Profit Analysis - The profitability of sweeping and floor cleaning machines improved on a quarter-on-quarter basis [2]