研报掘金丨开源证券：维持华润江中“买入”评级，“内生+外延”蓄力发展

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开源证券研报指出，华润江中2025年业绩稳健提升，“内生+外延”蓄力发展。公司2025年实现营收42.20亿元(-4.87%)，归母净利润9.07亿元(+15.03%)。健康消费品营收增长领先，各产品板块毛利率均稳中有进。公司的健康消费品业务重点围绕滋补品类参灵草、康复品类初元系列、胃肠品类益生菌系列、肝健康品类肝纯片，构建品类集群，同时持续强化自营能力建设，围绕抖音、小红书等流量入口，搭建兴趣...

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