Ge Long Hui·2026-01-23 06:06Core Viewpoint - The report from Founder Securities indicates that Bailong Chuangyuan is expected to accelerate in Q4 2025, with annual performance likely exceeding expectations, driven by the release of domestic demand for allulose sugar [1] Financial Performance - The company is projected to achieve a net profit attributable to shareholders of 366 million yuan for the year, representing a year-on-year increase of 48.9% [1] - For Q4 2025, the expected net profit attributable to shareholders is 101 million yuan, reflecting a year-on-year growth of 60.6% [1] Operational Efficiency - The company is focusing on cost reduction and efficiency improvement, with a higher proportion of high-value-added resistant dextrin sales [1] - The introduction of customized products is expected to enhance customer loyalty [1] Market Potential - The first batch of application products for allulose sugar has been launched, indicating a potential rapid growth in domestic demand [1] - The company's production layout is leading in the industry, positioning it to continuously benefit from high industry prosperity [1] Recommendation - The report maintains a "strong buy" rating for the company [1]