东吴证券给予若羽臣买入评级,2025年半年报点评:自有品牌放量带动业绩高增,多品牌矩阵持续扩充增长可期
Group 1 - The core viewpoint of the report is that Dongwu Securities has given a "buy" rating for Ruoyuchen (003010.SZ) based on strong financial performance and growth potential [2] - In the first half of 2025, Ruoyuchen's self-owned brand achieved revenue of 603 million yuan, representing a year-on-year increase of 242%, accounting for 45.8% of total revenue [2] - The gross profit margin in the first half of 2025 increased by 11.4 percentage points year-on-year, indicating an improvement in profitability [2] - The company continues to launch new brands and products, which are expected to contribute to ongoing growth [2]