海通国际发布万辰集团研报：2025Q2营收高增态势延续，盈利能力稳步提升

Group 1 - The core viewpoint of the report indicates that Wancheng Group (300972.SZ) is experiencing sustained high growth in its bulk snack revenue [1] - The number of stores is rapidly increasing, and the brand's potential is gradually being released [1] - The gross profit margin and net profit margin of the bulk snack business are steadily improving [1] Group 2 - Nvidia's stock price has seen a significant drop, resulting in a market value evaporation of 1.28 trillion yuan [1] - Investors express concerns over a perceived performance gap of 200 million USD, leading to panic in the market [1]