Guoxin Securities released a research report stating that it maintains the sector's “superior to the market” rating. The complexity of the short-term peripheral macro environment has not changed the resilience of domestic demand. At the same time, leading companies that have a global layout vision, deeply embrace AI technology to achieve full-link upgrades, and accurately meet consumer needs with strong product capabilities are accelerating the realization of long-term allocation value. The actual sales of the popular jewelry brand Q2 are not bad. The stock price correction is disturbed by external gold price factors. Currently, most have returned to the lower historical valuation limit, and the dividend ratio is also relatively high. If gold prices stabilize in the future, stock prices can be expected to rebound. Cross-border e-commerce tariffs have a clear comparative advantage in reporting prosperity, while core companies' own operating adjustments have brought profit side increases to the enterprise.

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