华安证券给予纽威股份买入评级，业绩符合预期，产品及客户覆盖持续拓宽

Group 1 - The core viewpoint of the article highlights Huazhong Securities' buy rating for Niuwei Co., Ltd. (603699.SH) based on its strong financial performance and growth potential [1] - In Q2 2025, the company achieved a net profit margin of 20.49%, indicating an improvement in profitability [1] - Continuous investment in research and development has led to breakthroughs in high-end products across multiple fields [1] - The company is enhancing its upstream technical capabilities, with ongoing expansion in qualification certifications and customer coverage [1]