Ge Long Hui A P P·2025-09-12 09:19Core Viewpoint - Tianfeng Securities' report indicates that Haitian Flavor Industry's revenue and net profit for H1 2025 were 15.23 billion and 3.914 billion yuan respectively, showing year-on-year growth of 7.59% and 13.35% [1] Group 1: Financial Performance - For Q2 2025, the company's revenue and net profit were 6.915 billion and 1.712 billion yuan respectively, with year-on-year increases of 7.00% and 11.57% [1] - The company experienced double-digit growth across all product categories, with other categories showing even higher growth rates [1] Group 2: Future Outlook - The three main products are expected to maintain steady growth in 2025, while other categories are anticipated to continue achieving rapid growth [1] - The company's plans for a Hong Kong listing and international expansion are expected to enhance brand recognition and drive additional sales growth [1] Group 3: Industry Context - The seasoning industry is experiencing a slowdown in revenue growth, coupled with weak consumer demand, leading to a slight adjustment in profit forecasts [1] - Despite the industry challenges, the company maintains a "buy" rating [1]