西南证券给予再升科技买入评级，2025年半年报点评：海外结构优化，业绩阶段承压

Core Viewpoint - Southwest Securities issued a report on August 20, giving a "buy" rating to Zai Sheng Technology (603601.SH, latest price: 6.41 yuan) based on several factors [2]. Group 1: Demand and Market Conditions - There is a phase decline in demand, but overseas structural optimization is taking place [2]. - The new national standards are expected to expand demand, leading to an overall optimization of the downstream industry [2]. Group 2: Financial Performance - The company is experiencing an increase in gross profit margin, although there is a rise in expense ratio [2].