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Every AI Express, Minsheng Securities issued a research report on September 2, giving a buy rating to Zhou Dasheng (002867.SZ). The rating reasons mainly include: 1) Event: Zhou Dasheng released its 2025 interim report; 2) Self-operation and e-commerce perform better than the overall, with silver jewelry accessories growth as a highlight; 3) 25H1 gross profit margin increased by +11.96pct to 30.34% year-on-year, net profit margin attributable to mother increased by +5.51pct year-on-year; 4) Brand strategy and product optimization resist fluctuations in gold prices. (Daily Economic News)
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