今世缘(603369.SH)：节庆消费的集中效应尚未完全显现

Core Viewpoint - The overall consumption during the upcoming Spring Festival is expected to decline compared to the previous year, with the potential for it to be the "coldest Spring Festival in history" [1] Group 1: Market Sentiment - The confidence index among channel and terminal merchants has not shown significant improvement, indicating a prevailing wait-and-see attitude in the market [1] - The concentrated effect of festive consumption has not yet fully manifested, suggesting that consumer sentiment remains cautious [1] Group 2: Company Preparations - The company is actively preparing for the Spring Festival, with smooth progress in signing contracts with channel terminals [1] - Ongoing online and offline activities related to the festival are being promoted to enhance sales [1] Group 3: Inventory and Sales Expectations - The company has implemented reasonable inventory control to maintain a balance between volume and price [1] - There is a possibility that the overall sales performance during this Spring Festival will meet the company's own expectations, although it is anticipated to be lower than the same period last year [1]