RICHEN(603755) Cai Jing Wang·2025-05-22 11:46Core Viewpoint - The company is focusing on product innovation and expansion in response to market demand, with significant growth in new product sales and ongoing development of diverse product categories [1][2][3]. Group 1: Product Development and Innovation - The company has sold over 2,000 products, with more than 50% of sales coming from new products developed in the last three years [1]. - The company is enhancing its product range by introducing frozen soups and cooking sauces, aiming to provide a richer product mix for customers [1]. - Innovative products such as pancake mix have been launched, receiving high recognition from customers and consumers, thereby strengthening the company's market competitiveness [1]. Group 2: Production Capacity Expansion - The company is constructing a production base for 15,000 tons of compound seasoning and a production line for 5,000 tons of soup extracts, with the construction currently in the interior decoration and equipment installation phase [2]. - The completion of the Jiaxing factory by the end of 2025 will establish a dual-base layout in Qingdao and Jiaxing, enhancing the company's multi-category supply capability and supporting nationwide market expansion [2]. Group 3: Strategic Acquisitions - The company has acquired Jiaxing Aibeibang Food Co., Ltd., which produces frozen dough products, to diversify its offerings and better serve the baking market [3]. - The baking market presents significant opportunities, and the company aims to expand its presence in the baking pre-mix powder segment, which is a key growth direction [3]. - The acquisition allows the company to provide a more comprehensive product solution for baking customers, enhancing its overall competitiveness [3].