信达证券给予哈尔斯“买入”评级，哈尔斯：YETI销售回暖、库存低位，核心供应商有望受益

Group 1 - The core viewpoint of the report is that Harls (002615.SZ) is given a "buy" rating by Xinda Securities due to optimistic future prospects and expected inventory replenishment trends in 2026 [1] - The report emphasizes the recovery opportunities in the manufacturing of thermos cups, indicating a positive outlook for the company's operations [1] Group 2 - The report highlights potential risks including suboptimal supply chain cost optimization, lower than expected customer orders, unexpected fluctuations in the RMB exchange rate, and challenges in the development of proprietary brands [1]