天风证券给予爱美客买入评级

Group 1 - The core viewpoint of the report is that Tianfeng Securities has given a "buy" rating for Aimeike (300896.SZ) based on its recent performance and future potential [2] - Aimeike's R&D investment continues to increase, indicating a commitment to innovation despite profit pressures [2] - The industry is experiencing a slowdown in growth and intensified competition, which is affecting the growth rate of Aimeike's core products [2] Group 2 - Aimeike has a rich pipeline reserve and strong R&D capabilities, positioning the company well for future developments [2] - The acquisition of South Korean company REGEN opens up new international market opportunities for Aimeike [2]