Group 1 - The company is enhancing its partner assessment mechanism, focusing on incremental profit as a key incentive to encourage market expansion [1] - The product project system is accelerating, with over 50 new products expected to launch in 2024 [1] - The company is refining its management of distribution channels and actively exploring e-commerce and overseas markets, with high revenue growth anticipated from Thailand and Vietnam following the launch of the Thailand factory [1] Group 2 - The company expects low double-digit growth in third-party income for 2025, with promising growth in other B-end revenues and overseas market expansion [1] - The Thailand factory and local product development team are expected to enhance penetration into Southeast Asia's local key account channels [1] - The company is focusing on channel expansion, with double-digit growth in KA channels and entry into fresh and snack wholesale scenarios in 2024 [2] Group 3 - The company is actively developing new products while upgrading existing ones and optimizing specifications [2] - Raw material prices are stabilizing, which is expected to improve profitability, with a forecasted net profit margin increase [2] - The company has slightly adjusted its net profit forecast for 2025-2027 to 849 million, 946 million, and 1.052 billion yuan, respectively, maintaining a "buy" rating [2]
颐海国际(01579.HK)：笃行不辍 期待修复