研报掘金丨开源证券：维持山西汾酒“买入”评级，Q2环比降速，但仍然实现正增长

Group 1 - The core viewpoint of the report indicates that Shanxi Fenjiu's net profit attributable to shareholders in the first half of the year reached 8.52 billion, reflecting a year-on-year increase of 1.1% [1] - In Q2 2025, the company achieved a net profit attributable to shareholders of 1.86 billion, showing a year-on-year decrease of 13.5% [1] - The report highlights that despite a slowdown in growth rate in Q2 due to the demand environment, the company still managed to achieve positive growth [1]