安井食品(603345)股东大会调研反馈：新品为抓手 策略迭代升级

Group 1 - The company's operational strategy is shifting from channel-driven to product-driven, emphasizing a top-down execution of this new philosophy [1] - New product launches for 2025 include unique offerings such as live fish meatballs, creative dumplings, and a fresh packaging series, all aimed at enhancing differentiation and quality [1] - The ongoing acquisition of Dingwei Thai is expected to create synergies, as its high-end cod products and distribution channels complement the company's existing offerings [1] Group 2 - The company has demonstrated resilience in its performance during a generally weak industry backdrop, indicating strong fundamentals as a quality blue-chip stock [2] - Profit forecasts remain stable, with projected net profits for 2025-2027 at 1.62 billion, 1.83 billion, and 1.96 billion yuan, reflecting year-on-year growth rates of 9%, 12%, and 7% respectively [2] - The company maintains a "buy" rating based on its robust short-term stability and medium-term growth potential [2]