研报掘金丨国盛证券：首予汇嘉时代“买入”评级，创新转型价值重估

Core Viewpoint - Huijia Times is recognized as the retail leader in Xinjiang, with a significant value reassessment due to its innovative transformation [1] Company Advantages - The company's core competitive advantages include a dense store network, deep insights into the local market, and multi-format synergy effects [1] - These advantages have enabled the company to establish significant scale effects and brand barriers in the Xinjiang region [1] Strategic Initiatives - The company is actively promoting supermarket adjustments and upgrading shopping center formats [1] - It is innovatively exploring new scenarios of "low-altitude economy + consumption," which is expected to open up a second growth curve [1] Investment Rating - The initial coverage of the company has been given a "buy" rating [1]