研报掘金丨天风证券：维持安井食品“买入”评级，渠道定制化加速渗透，静待旺季反弹

Core Insights - Anjiu Food's net profit attributable to shareholders for the first half of 2025 is 676 million yuan, representing a year-on-year decrease of 15.79% [1] - In the second quarter alone, the net profit attributable to shareholders is 281 million yuan, showing a year-on-year decline of 22.74% [1] - The company is focusing on product innovation to drive growth and accelerating customized channel penetration, with expectations for a rebound during the peak season [1]