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Every AI Express, Minsheng Securities released a research report on August 29th giving Jinpan Technology (688676.SH) a buy rating. The rating reasons mainly include: 1) further optimization of the downstream structure, continuous improvement in profitability in 25H1; 2) the company has sufficient overseas orders in hand for 2025H1, and the year-on-year growth rate of domestic orders still exceeds 30%; 3) the company has significant growth in the AIDC field, focusing on layout of technologies such as SST. (Daily Economic News)