Financial Performance - The company achieved operating revenue of 21,628 million (6.0% increase) and net profit attributable to shareholders of 5,322 million (10.5% increase) in the first three quarters of 2025, with profit growth outpacing revenue growth [1] - Gross margin improved to approximately 40%, indicating continuous enhancement in profitability [1] - Net cash flow from operating activities reached 3,148 million (14.4% increase), reflecting good cash quality; total assets at the end of the period were 47,348 million, with a debt-to-asset ratio reduced to about 15%, showcasing a robust capital structure that provides financial flexibility for future capacity investments and business expansion [1] Business Development - The core cash cow remains the basic product business, although growth has noticeably slowed compared to the previous year due to weaker performance in the catering sector and intensified competition [1] - Other categories and innovative businesses, while smaller in scale than the basic category, exhibit significant growth potential and are key to structural upgrades and offsetting the slowdown in the main business [1] - International business and overseas markets accounted for less than 5% of revenue in the first half of the year, indicating an early-stage development; approximately 20% of the 9,152 million raised in the Hong Kong stock market will be allocated to overseas capacity and channels in Southeast Asia and Europe, with ongoing planning for bases in Indonesia and Europe, which may temporarily increase costs and dilute profits but could open a second growth curve in the medium to long term [1] Profit Forecast - The company expects an 8.0% increase in operating revenue and a 7.81% increase in operating profit for 2025; the price-to-earnings ratios for 2025-2027 are projected to be 24.66, 22.36, and 21.45 times, respectively [1]