Open source securities: Focus on high-quality companies in the high prosperity track under the theme of emotional consumption.

Open source securities research reports indicate that under the theme of consumption recovery, investors should focus on leading companies that fit the theme of "emotional consumption" and have improved brand momentum and competitive edge. The report highlights four investment themes: gold jewelry focus on gold jewelry brands with differentiated product strength and deep consumer insight; offline retail focus on retail companies actively exploring changes in line with trends; cosmetics focus on high-quality domestic beauty brands that deeply cultivate high-growth sub-sectors and continuously iterate their capabilities; medical aesthetics focus on medical aesthetics product manufacturers with differentiated pipelines.