Ge Long Hui A P P·2025-10-29 09:20Core Insights - The report from Dongwu Securities indicates that Lihigh Food achieved a net profit attributable to shareholders of 248 million yuan in Q1-Q3 2025, representing a year-on-year increase of 22.03% [1] - In Q3 2025, the net profit attributable to shareholders was 77 million yuan, reflecting a year-on-year growth of 13.63% [1] - The revenue remains stable, but costs are impacting profit margins, with cream being the core driver of growth [1] Revenue and Profitability - The company maintains strong growth in channels such as supermarkets and new retail [1] - For Q4, the company has new products in reserve and expects marginal improvement in costs [1] - The company anticipates that Q4 will benefit from the peak season, with continued introduction of new cream products and a diversified price range, ensuring revenue stability [1] Cost Management - Oil prices have remained high since Q3, although there has been a slight decrease compared to earlier in the year, leading to a downward adjustment in profit forecasts [1] - Despite the high cost environment, the company expects a sequential improvement in net profit margin in Q4 due to seasonal scale effects [1] - The company maintains a "Buy" rating despite the adjustments in profit forecasts [1]