Mei Ri Jing Ji Xin Wen·2025-07-29 15:53Group 1 - The core viewpoint of the report is that Huazhong Securities has given a "buy" rating to Bailong Chuangyuan (605016.SH) based on strong growth prospects driven by capacity expansion and market opportunities [2] - The sweetener business of Bailong Chuangyuan is expected to double in growth, indicating significant potential in this segment [2] - The domestic market for allulose has officially opened, allowing Bailong Chuangyuan to strategically position itself to capture incremental market opportunities [2] Group 2 - The establishment of a base in Thailand is anticipated to enhance cost efficiency and strengthen the resilience of the global supply chain for Bailong Chuangyuan [2] - Potential risks include rising raw material costs, increased market competition, and the possibility that structural upgrades may not meet expectations [2]