Core Viewpoint - Wei Long Wei Wei (09985) has seen a stock price increase of over 3%, currently trading at 12.5 HKD with a transaction volume of 23.37 million HKD, following a Goldman Sachs report highlighting the company's growth prospects and management's guidance for fiscal year 2025 [1] Group 1: Company Guidance - Management has indicated a revenue growth of over 15% year-on-year for fiscal year 2025, with a net profit margin expected to be between 18% and 20% [1] - The company anticipates steady growth in its konjac products this year, while its flavored noodle products are expected to recover growth through innovative product launches and channel expansion [1] Group 2: Product Insights - According to Aijian Securities, konjac products have high plasticity and good flavoring properties, making them naturally suitable for diverse seasonings, which opens up growth opportunities through flavor innovation [1] - The inherent blandness of konjac allows it to absorb seasoning flavors effectively, resulting in low marginal costs for flavor iteration and significant marginal returns [1] Group 3: Cost and Supply Dynamics - The cost of konjac flour is expected to rise significantly in 2024, with the gross profit margin for vegetable products projected to decline by 6 percentage points year-on-year due to high costs in the first half of 2025 [1] - Rising prices have stimulated upstream farmers' planting enthusiasm, leading to an expansion in planting area, and with new production capacity expected to be released gradually by 2025, a downward cycle in konjac flour costs is anticipated by 2026 [1]
卫龙美味涨超3% 管理层展望今年魔芋产品可实现稳健增长 口味创新打开增长空间