Economic Overview - In the first half of 2023, China's GDP grew by 5.5% year-on-year, while total retail sales of consumer goods increased by 8.2% year-on-year[16]. Company Performance - The Group recorded a revenue of RMB14,571.9 million for the first half of 2023, representing an increase of 4.5% compared to RMB13,939.9 million in the same period of 2022[22]. - Profit attributable to equity holders of the Company increased by 42.7% to RMB876.6 million, compared to RMB614.4 million in the same period last year[24]. - Gross profit increased by 8.0% to RMB4,532.9 million, with a gross profit margin rising to 31.1%, up 1.0 percentage point from 30.1% in the previous year[22]. - Operating profit surged by 49.4% to RMB1,092.4 million, primarily due to a one-off gain of RMB341.8 million from the disposal of land use rights[24]. - Revenue from the food business decreased by 8.7% to RMB4,902.1 million, accounting for 33.6% of total revenue, while revenue from the beverages business increased by 12.3% to RMB9,258.1 million, accounting for 63.5% of total revenue[22]. Marketing and Consumer Engagement - The Group's focus on consumer-oriented strategies and innovative marketing methods has strengthened its relationship with consumers[17]. - The brand's unique emotional value and deep consumer interactions are key to its market strategy[17]. - The Group is committed to enhancing brand awareness and loyalty through value-based marketing strategies, aiming to create a perfect consumption experience for consumers[28]. - The Group aims to meet the public's demand for personalized, convenient, and value-driven consumption, contributing to sustainable revenue growth[17]. Product Development and Innovation - The Group's product development is driven by the pursuit of better quality and healthier options for consumers[17]. - The instant noodles business is focusing on high-value products and has launched a cherry blossom season limited edition, with a 99% positive feedback rate online[30]. - The Group's strategy includes continuous product innovation and optimization to meet diverse consumer demands across multiple scenarios[47]. - The Group emphasizes the integration of healthy food ingredients into its offerings, promoting Chinese culinary culture[46]. Financial Management - As of June 30, 2023, the Group's cash at bank and on hand was RMB7,048.5 million, an increase from RMB6,654.2 million as of December 31, 2022[92]. - The Group's total financial liabilities increased by 210.3% to RMB2,698.1 million as of June 30, 2023, compared to RMB869.5 million at the end of 2022, primarily due to an increase in short-term borrowings[92]. - The net cash position of the Group as of June 30, 2023, was RMB(4,350.4) million, compared to RMB(5,784.7) million as of December 31, 2022[94]. - The Group's capital gearing ratio improved to (34.55%) as of June 30, 2023, from (43.89%) at the end of 2022, indicating a stronger equity position[94]. Employee and Governance - The total employee benefits expenses (including Directors' emoluments) amounted to RMB2,243.9 million during the Period under Review[140]. - As of June 30, 2023, the total number of employees was 33,321[133]. - The company has confirmed compliance with the Corporate Governance Code during the review period[158]. - All Directors have confirmed full compliance with the Model Code for Securities Transactions throughout the review period[161]. Market Trends and Consumer Preferences - The increasing pace of market changes highlights the growing importance of consumption scenarios and channels[16]. - The Group is focused on enhancing product quality and emotional connection with consumers, aiming to resonate with their preferences and needs[46]. - The Group aims to enhance operations across multiple channels, including family, food and beverage, and O2O, while maintaining sales growth and resilience[59]. Future Plans - The Group plans to launch new frozen prefabricated dishes in the second half of the year to cater to consumers' daily meal needs[41]. - The Group aims to enhance brand vitality through social media engagement and new product series targeting young consumers in the milk tea segment[76]. - The Group will continue to explore consumption scenarios and extend new specifications and packaging materials to meet diverse consumer demands in the second half of 2023[76].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該 等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） 220 （股份代號： ） 2023 年中期業績公告 • 14,571.9 4.5% 收益為人民幣 百萬元，上升 • 31.1% 1.0 集團毛利率為 ，上升 個百分點 • 1,793.7 22.9% 未計利息、稅項、折舊及攤銷前盈利為人民幣 百萬元，上升 • 876.6 42.7% 本公司權益持有人期間應佔溢利為人民幣 百萬元，上升 統一企業中國控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然提呈本公司及其附屬公 2023 6 30 6 司（合稱「本集團」或「我們」）截至 年 月 日止 個月（「回顧期」）未經審核簡明綜合中期財務資 料。該簡明綜合中期財務資料未經審核，但已由董事會之審核委員會（「審核委員會」）及本公司獨 2410 立核數師羅兵咸永道會計師事務所按照香港會計師公會頒布之香港審閱準則第 號「由實體的 ...

Financial Performance - Revenue for 2022 reached RMB 28,257.43 million, a 12% increase from RMB 25,230.61 million in 2021[10] - Gross profit for 2022 was RMB 8,187.92 million, slightly down from RMB 8,218.91 million in 2021[10] - Profit before income tax for 2022 was RMB 1,730.83 million, a 19.2% decrease from RMB 2,141.84 million in 2021[10] - Net profit attributable to equity holders for 2022 was RMB 1,222.16 million, down 18.6% from RMB 1,500.72 million in 2021[10] - Total assets as of December 31, 2022, were RMB 21,784.36 million, a slight decrease from RMB 22,065.35 million in 2021[10] - Total liabilities as of December 31, 2022, were RMB 8,603.00 million, up from RMB 8,300.05 million in 2021[10] - Cash and cash equivalents as of December 31, 2022, were RMB 108.52 million, a significant drop from RMB 285.57 million in 2021[10] - Basic earnings per share for 2022 were RMB 28.30 cents, down from RMB 34.74 cents in 2021[10] - Dividends declared for 2022 were RMB 1,466.59 million, down from RMB 1,800.86 million in 2021[10] - Revenue reached a new record of RMB28,257.4 million in 2022, representing a 12.0% increase over the previous year[16] - Revenue for 2022 increased by 12.0% to RMB28,257.4 million compared to RMB25,230.6 million in 2021[139][140] - Food business revenue grew by 15.6% to RMB11,009.4 million, accounting for 39.0% of total revenue[139][140] - Beverage business revenue increased by 11.3% to RMB16,405.4 million, representing 58.1% of total revenue[139][140] - Gross profit decreased by 0.4% to RMB8,187.9 million, with gross profit margin dropping 3.6 percentage points to 29.0% due to rising raw material costs[139][140] - Operating profit declined by 21.5% to RMB1,495.8 million, impacted by higher raw material and transportation costs[142][145] - Profit attributable to equity holders decreased by 18.6% to RMB1,222.2 million[142][145] - Cash at bank and on hand increased to RMB6,654.2 million as of December 31, 2022, up from RMB6,078.3 million in 2021[143][146] - Total financial liabilities surged by 480.8% to RMB869.5 million, primarily due to increased short-term borrowings and lease liabilities[143][146] - Selling and marketing expenses rose by RMB343.8 million to RMB5,886.6 million, driven by higher sales personnel and transportation costs[142][144] - The Group's gearing ratio stood at -43.89% as of December 31, 2022, compared to -43.07% in 2021[147] - Net cash and cash equivalents decreased by RMB177.1 million year-on-year as of December 31, 2022, with net cash inflow from operating activities of RMB1,430.3 million, net cash outflow from investing activities of RMB416.8 million, and net cash outflow from financing activities of RMB1,190.7 million[149][152] - Capital expenditure for the year was RMB545.9 million, up from RMB437.3 million in 2021[149][152] - Financial assets at fair value through profit or loss stood at RMB1,018.5 million as of December 31, 2022, down from RMB1,715.4 million in 2021[150] - Net trade receivables increased by RMB171.4 million to RMB819.9 million due to early preparation for Chinese New Year and increased e-commerce and modern channel sales[155][157] - Inventories balance increased by RMB130.0 million to RMB2,522.5 million, driven by higher bulk raw material costs and early preparation for Chinese New Year sales[156][158] - Trade payables increased by RMB557.0 million to RMB2,675.0 million, reflecting higher purchases of raw materials and finished goods for Chinese New Year production and sales[156][158] - Inventory turnover days decreased by 2 days compared to 2021, indicating improved inventory management efficiency[156][158] Business Growth and Strategy - The Group's revenue has grown at a compound annual growth rate (CAGR) of 8.7% since 2019, with beverages and food segments growing at 8.8% and 9.0% CAGR respectively[15] - The Group focuses on building a flexible supply chain, expanding online and offline channels, and enhancing consumer penetration[17] - The Group emphasizes innovation as a key driver of continuous growth, particularly in new markets[16] - The Group adheres to a "Value Marketing" strategy, aiming to meet diverse consumer needs across different scenarios[27] - The Group plans to deepen its understanding of commodity volatility and risk to improve supply chain agility[25] - The Group aims to build a long-term competitive barrier through brand power and consumer-driven product innovation[17] - The Group is committed to sustainable development, focusing on health, nutrition, and high-quality products to align with changing consumer values[27] - The Group recorded revenue of RMB28,257.4 million for the year ended 31 December 2022, representing a 12.0% increase compared to the previous year[34] - The food business revenue reached RMB11,009.4 million in 2022, a 15.6% increase year-over-year[34] - Instant noodles business revenue grew by 17.9% to RMB10,619.6 million in 2022[34] - "Soup Daren" achieved nearly double-digit revenue growth in 2022, maintaining its position as the No.1 brand in the nourishing soup noodles market[38] - The Group's investment in energy conservation and carbon reduction increased significantly in 2022 compared to 2021[31] - The Group has clear medium and long-term emission reduction goals for wastewater, energy, water, greenhouse gases, and waste[31] - "Soup Daren" launched a new mixian product in Q4 2022 to expand its target consumer base[38] - The Group's operating direction focuses on being "quick, stable, and fresh" to achieve business objectives[29] - New consumption channels such as O2O, community e-commerce, and group purchases have created new marketing opportunities[28] - Consumer demand for healthy, nutritious, and quality products has increased due to lifestyle changes[28] - The revenue of "The King of Tomato (茄皇)" has increased manyfold for two consecutive years[41][42] - "The King of Tomato (茄皇)" launched a new product "Tomato Bolognese Instant Pasta (茄皇意式番茄肉醬風味拌麵)" in 2022, expanding its product line[39] - "Uni-President Lao Tan Pickled Cabbage and Beef Noodles (統一老壇酸菜牛肉麵)" invited 1,000 consumers to visit the factory to witness the fermentation process[44][45] - "Kai Xiao Zao (開小灶)" ranked first in sales volume of instant wonton in 2022[51][52] - "Kai Xiao Zao — Small Wonton in Chicken Soup (開小灶雞湯小餛飩)" won a two-star award from the International Taste Institute in Brussels, Belgium[51][52] - "Imperial Big Meal (滿漢大餐)" utilized an omnimedia matrix including Weibo, Douyin, and Bilibili for brand asset accumulation[49][50] - The Group participated in drafting the group standard for "Technical Specifications for Production Quality Safety Control and Management of Lao Tan Pickled Cabbage"[44][45] - "Teng Jiao (藤嬌)" focused on enhancing the fresh and spicy flavor characteristics, targeting the brand's core appeal of "the feeling of electric shock (觸電的感覺)"[45][46] - The Group emphasized the integration of healthy ingredients and new food technologies into production for 2023[52] - "The King of Tomato (茄皇)" enhanced its brand building through cooperation with talk shows in the second half of 2022[39] - The Group's beverages business achieved annual revenue of RMB16,405.4 million in 2022, representing a year-on-year increase of 11.3%[57] - Revenue from tea drinks amounted to RMB6,956.8 million in 2022, representing a year-on-year increase of 10.9%[58] - "Uni Green Tea" revenue has been growing at a compound rate of high single-digit over the past three years[62] - "Uni Plum Green Tea" recorded a high double-digit growth in revenue in 2022 compared to the previous year, driven by brand repositioning and unique selling points[65] - "Uni Plum Green Tea" revenue has been growing at an exponential compounded annual rate over the past three years[69] - "Uni Ice Tea" achieved a double-digit revenue growth in 2022 compared to the previous year[64] - The Group plans to continue fostering "Uni Green Tea" into a major national brand in 2023[62] - The Group will upgrade "Uni Ice Tea" products in 2023, focusing on real lemons and refreshing aroma to increase consumer purchase frequency[64] - The Group aims to enhance "Uni Plum Green Tea" brand penetration in 2023 by highlighting "Grade A plums" in promotions[69] - The Group actively expanded e-commerce channels such as social e-commerce, community group purchases, B2C, and O2O to meet consumer needs in different scenarios[58] - The juice business revenue in 2022 reached RMB 3,004.5 million, a 35.4% increase year-over-year, contributing 18.3% to the beverage revenue, marking a 6-year high[77] - "Uni Orangeate" achieved a double-digit compound annual growth rate in revenue over the past three years[80] - "Uni Guo Yang Kumquat Lemon Beverage" experienced exponential compounded annual revenue growth over the past three years[81] - "Chai Li Won" collaborated with Wuyishan Dahongpao's intangible cultural heritage heir and Impression Dahongpao to launch the seasonal limited product "Qinggan Dahongpao" in 2022[72] - The company launched the "Cloud Tea Program" DTC platform and live-streaming source tracking in tea plantations to enhance consumer engagement and brand authority[72] - "Haizhiyan" continued to penetrate the sweating scenario by expanding its point-of-sale and reinforcing its core message of rehydration and electrolyte replenishment[83] - The company focused on diversifying consumer scenarios in 2022, achieving rapid growth in household and dining scenarios[76] - In 2023, the company plans to iteratively upgrade products to strengthen health benefits and tap into the sugar-free market to meet diverse consumer needs[76] - "Uni Orangeate" reinforced its dietary fiber benefits through product packaging and diversified media promotion, targeting family consumption with the concept of "Vitamin C-rich household products"[82] - "Uni Guo Yang Kumquat Lemon Beverage" leveraged a popular comic IP for bottle design and immersive scenario marketing to appeal to young consumers[81] - The Group's milk tea business generated revenue of RMB6,005.4 million in 2022, representing a 4.6% increase over the previous year[87][88] - Uni Assam Milk Tea maintained a double-digit compound annual growth rate in revenue over the past five years[89] - The Group focused on cultivating the 100% juice market in key first-tier cities, expanding family scenarios and online platforms such as O2O and groceries delivery services[84] - Uni Tomato Juice leveraged lycopene as a product benefit to create high-quality life scenarios and attract purchases through e-commerce and TV shopping platforms[84] - The A-Ha brand focused on the food and beverage channel to cultivate consumers and expand brand awareness, using its core value of "Carbonated drink with Vitamin C" as the key promotion theme[84] - In 2023, the Group's juice business will continue to invest in restaurant, family, and gift set scenarios, aiming to capitalize on changes in consumption demand and market trends[84] - The coffee business repositioned A-Ha as a "National Coffee Flavored Beverage" and adopted a new brand message, "A-Ha! Getting Started with Vitality!" to target young urbanites[92][93] - The coffee business plans to deepen its focus on the "coffee-flavored beverage" segment in 2023, offering more diverse flavor choices and enhancing brand penetration in key cities[92] - The company's coffee business will focus on the "Coffee Flavored Beverage" sub-segment, expanding product mix to cater to new consumer trends and increasing customer base through interactive marketing campaigns[94] - The "ALKAQUA" brand of mineral water saw increased sales from online and family-size packages, with a focus on large and multi-packaged products on e-commerce platforms, contributing to new growth[98][99] - The "Keep Sweet" bottle can drink series, featuring flavors like "Mango & Pomelo Sweet Soup," enhanced brand scale and regional market visibility through online short videos and other communication methods[100] - The "Red Bean Coconut Milk" winter-exclusive product received positive consumer feedback, targeting the popular cereal drink trend and combining traditional red bean paste with Hainan coconut milk[100] - China's online retail sales reached approximately RMB12 trillion in 2022, representing 27% of the total retail sales of consumer goods, driven by improved consumer satisfaction and demand for convenience[103] - The company explored three new online business models in 2022, including leveraging social traffic, opening flagship stores and live-streaming rooms, and developing the "Uni Happy Planet" shopping application[103] - The "That Street That Lane" brand achieved stable growth with its "Lanzhou Beef Noodles" product and launched "Leshan Spicy Bobo Chicken," which ranked first in Tmall's cold hot pot category and won an innovation award[105] - The company's R&D efforts in 2022 focused on optimizing core products and developing new products aligned with emerging consumer trends, contributing to record-high revenue[107] - Revenue for 2022 reached a new record high, driven by the optimization of featured products and the development of new products aligned with consumer trends[108] - The company was granted 28 patents in 2022, with a cumulative total of 148 patents by December 2022[109][110] - The company launched innovative plant-based beverages, such as "Coconut and Oat Milk Tea" and "Fruit Trio Calamansi Juice," targeting health-conscious consumers[111][112] - "Uni Assam Milk Tea" reduced sugar content while maintaining sweetness, responding to the growing demand for sugar-free beverages[114][115] - The company introduced convenient food products like "That Street That Lane Leshan Spicy Bobo Chicken" and "Kai Xiao Zao" series, leveraging natural ingredients and advanced preservation technologies[114][116] - "Uni Stewed Beef Flavoured Noodles" and "Vine Pepper Beef Noodles" were optimized to enhance freshness and flavor, targeting younger consumers[118][120] - "Uni Ice Tea" and "Uni Green Tea" improved flavor stability and product quality through process optimization and ingredient enhancements[120] - The "Uni More Juice Series" introduced a 1-liter package for the secondary market and a canned series for the catering channel, emphasizing taste stability and affordability[120] - The company focused on differentiating and personalizing tastes through advanced flavouring technology to build competitive barriers[119] - The pandemic accelerated the popularity of instant and prepared foods, with the company leveraging Chinese culinary traditions to meet consumer demand for convenience and authenticity[114][116] - The Group launched the "A-Ha raw coconut flavoured latte" targeting plant-based food demand, using coconut milk and water instead of milk, catering to lactose-intolerant consumers[123] - The "Tomato Bolognese Instant Pasta" was developed to target the fast-growing instant pasta market, featuring sauce made from Xinjiang tomatoes and beef essence[123] - The Group's business research institute worked on over 10 core technology projects in 2022, including the lemon project applied to "Fruit Trio Calamansi Juice" and the beef project applied to "Stewed Beef Flavoured noodles" and "Spicy Beef Flavoured noodles"[124] - The Group promoted domestic production of core ingredients and developed secondary suppliers, ensuring supply safety and establishing technical barriers in tea blending for "Uni Assam Milk Tea"[124] - The Group focused on expanding consumption scenarios, such as developing canned flavours for post-pandemic dining and 300ml or 1.5L+ beverage products for household use[127] - New product development includes affordable sugar-free tea, cereal tea, healthy prepared dishes, and sugar-free versions of classic soft drinks[128] - In 2023, the Group will focus on core technologies like non-fried, sugar-free, and "Three Reduction and Three Kind of Health" (Sugar Reduction, Salt Reduction, Oil Reduction) projects[129] - The Group established a Food Safety and Quality Committee to oversee food safety and quality system design, with members covering key departments like the business research institute and production management[133] - Three lines of defense for food safety include qualification review, field assessment, and food safety testing to manage supplier risks[134] - The Group adheres to three quality controls: raw material acceptance, production process control, and finished product quality control[135] Corporate Governance and Financial Policy - The Group's financial policy aims to minimize impacts of interest rate and exchange rate fluctuations and reduce financial risk exposure[164][166] - The finance department advanced financial intellectualization and implemented daily settlement at key nodes to enhance corporate governance efficiency and reduce costs[165][167] - The Group's total number of employees as of 31 December 2022 was 33,555[171] - Total staff costs (including directors' remuneration) for the year were RMB4,324.3 million (2021: RMB4,030.6 million)[172][174] - The Group recommended a final dividend of RMB33.95 cents per share, totaling approximately RMB1,466.6 million[179][181] - The Group did not hold any significant investments valued at 5% or more of its total assets as of 31 December 2022[168] - The Group had no material contingent liabilities or charges on group assets as of 31 December 2022[168] - The Group did not engage in any material acquisition or disposal

Financial Performance - Revenue for 2021 reached RMB 25,230,613, an increase of 10.3% from RMB 22,761,822 in 2020[11] - Gross profit for the year was RMB 8,218,910, compared to RMB 8,065,931 in 2020, reflecting a growth of 1.9%[11] - Profit for the year decreased to RMB 1,500,715 from RMB 1,625,703 in 2020, representing a decline of 7.7%[11] - Total assets as of December 31, 2021, were RMB 22,065,346, a slight decrease from RMB 22,104,371 in 2020[13] - Total liabilities increased to RMB 8,300,045 from RMB 8,217,838 in 2020, marking a rise of 1.0%[13] - Total equity decreased to RMB 13,765,301 from RMB 13,886,533 in 2020, indicating a decline of 0.9%[13] - Cash and cash equivalents dropped significantly to RMB 285,573 from RMB 486,300 in 2020, a decrease of 41.3%[13] - Basic earnings per share for 2021 were RMB 34.74, down from RMB 37.64 in 2020, reflecting a decrease of 5.3%[11] - Dividends declared for the year amounted to RMB 1,800,859, an increase from RMB 1,625,703 in 2020, showing a growth of 10.8%[11] Revenue Breakdown - The Group achieved a record high revenue of RMB25,230.6 million in 2021, representing a 10.8% increase compared to the previous year[15] - The Group recorded a profit after tax of RMB1,500.7 million in 2021, a decrease of 7.7% due to one-off gains in the previous year and rising raw material prices[16] - The food business generated revenue of RMB9,524.9 million in 2021, reflecting a growth of 1.1% year-on-year[25] - The instant noodles business achieved revenue of RMB9,007.2 million in 2021, with significant improvement in brand power for key brands[27] - The beverage business recorded an annual revenue of RMB 14,737.8 million in 2021, representing a year-on-year increase of 17.3%[40] Product Innovation and Marketing - The Group focused on digitalization, utilizing tools like Alibaba's TMall Innovation Center to identify target groups and market opportunities[25] - The Group emphasized product innovation and consumer experience, leading to improved consumer satisfaction in the instant noodles segment[27] - The Group's strategy included enhancing brand loyalty through targeted marketing campaigns, such as a TV commercial featuring Generation Z[28] - The Group's operational strategy involved optimizing product mix and improving productivity to alleviate rising cost pressures[24] - The Group's focus on health-conscious and high-end trends in consumer behavior has shaped its product offerings and marketing strategies[24] Consumer Trends and Market Strategy - The consumption market in mainland China is expected to gradually recover, with a focus on quality and convenience in products becoming more popular among consumers[22] - The Group aims to provide safe, tasty, and healthy products to consumers while striving for higher operating performance and maximizing shareholder profits[22] - The Group's commitment to building a national brand aims to meet the diversified needs of consumers in the new consumption era[24] - The Group's juice business revenue reached RMB2,219.4 million in 2021, a year-on-year increase of 40.6%[52] - The Group's focus on freshness management will remain a key strategy to ensure product quality and consumer satisfaction[64] Financial Management and Risk - The Group maintained a conservative treasury policy, avoiding high-risk investments and speculative derivative products, with no significant bank borrowing during the year[110] - The Group's financial policy aims to minimize the impact of interest rate and exchange rate fluctuations on its overall financial position[108] - The Group's financial risk management policies are regularly reviewed by the internal audit and control departments[108] - The Group's total financial liabilities decreased by 71.9% to RMB149.7 million from RMB532.4 million year-on-year, due to sufficient short-term working capital allowing for the repayment of bank borrowings[95] - The net cash position as of December 31, 2021, was RMB(5,928.6) million, compared to RMB(5,536.0) million as of December 31, 2020[97] Corporate Governance - The board of directors consists of 7 members, including 2 executive directors and 5 independent non-executive directors, ensuring a diverse governance structure[191] - The company emphasizes the importance of good corporate governance to enhance investor confidence, complying with all relevant corporate governance codes[192] - The Company has received confirmations of independence from all independent non-executive Directors, ensuring their ability to make independent judgments[195] - The board regularly reports on the performance of the group, ensuring that strategic decisions align with the company's objectives[193] - The Company has established four committees under the board, including the Audit Committee and the Nomination Committee, to oversee various aspects of governance and performance[193] Leadership and Management - The Group's management team has extensive experience in the food and beverage industry, with the Chairman having over 36 years of experience[171] - The Group's leadership team includes directors with extensive experience in both the food and beverage industry and financial management[172][175][178] - Mr. Lo Chih-Hsien has over 36 years of experience in the food and beverage industry and is responsible for the overall strategic planning and management of the Group[172] - Mr. Liu Xinhua, with over 28 years of experience in strategic marketing, is the president of the Group and general manager of Uni-President China Investments[173] - The management team has extensive experience in marketing and operations within the food and beverage industry, contributing to strategic decision-making[189] Future Outlook - The Group plans to continue introducing new products and shorten product development cycles to adapt to changing consumer preferences[150] - The Group aims to maintain stable cash flow by launching new products, controlling costs, and sustaining a robust capital structure to mitigate risks from economic volatility[157] - The Group faces intense competition in the PRC, with competitors having larger market shares and stronger distribution networks, which may adversely affect sales volume[156] - The Group's future business development discussions are included in the "Chairman's Statement" and "Management Discussion and Analysis" sections of the annual report[168] - The Group's success relies on its ability to predict consumer preferences and provide products that meet those preferences[150]