

Core Viewpoint - The report from Credit Lyonnais indicates that Kang Shifu Holdings (00322) experienced a 2.7% decline in revenue for the first half of the year compared to the same period last year, aligning with the bank's estimates and market expectations, while profit increased by 20.5% year-on-year, slightly exceeding forecasts [1] Revenue Performance - Revenue from both instant noodles and beverages declined during the first half of the year [1] - The overall revenue drop of 2.7% is consistent with market expectations and the bank's predictions [1] Profitability Analysis - The profit growth of 20.5% year-on-year slightly surpassed the bank's estimates and market expectations [1] - Adjusted profit, excluding one-time gains, was 2% lower than the bank's forecast [1] Future Outlook - The bank anticipates that during the analyst meeting, management will lower the full-year revenue growth guidance to a low to mid-single-digit percentage [1] - Attention will be focused on management's outlook for sales and profit margins in the second half of the year during the analyst meeting [1]