华安证券给予瑞尔特买入评级，市场环境叠加行业竞争影响，2025H1业绩承压

Group 1 - Core viewpoint: Huazhong Securities issued a report on August 27, giving a "buy" rating to Riet (002790.SZ) based on its 2025 mid-year report [1] - Reason for rating: The company's gross margin experienced a slight decline, influenced by the depreciation of the US dollar affecting the financial expense ratio [1] Group 2 - Market context: The pet industry is experiencing a significant boom, with a market size of 300 billion yuan, leading to positive performance among listed companies in the sector [1]