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Every Economic AI Express, Minsheng Securities released a research report on August 20th, giving a recommendation rating to Runben Co., Ltd. (603193.SH). The reasons for the rating mainly include: 1) Runben released its 2025 interim report; 2) The infant and child care series continues to show high growth, and the product matrix is becoming more complete; 3) Gross profit margin remains stable, with a net profit margin of 20.95% in 2025H1; 4) Continuously consolidating its online advantage position, actively expanding offline channels, and increasing contribution from Sam's Club channel. (Daily Economic News)