Investment Rating - The report suggests maintaining attention on the company as it is expected to return to growth in 2025 [4] Core Viewpoints - The company is expanding its production capacity and continuing to grow its business in China by acquiring land for new facilities, with a total cost of RMB 30.68 million [1] - A new automated facility is planned to enhance production efficiency and meet the increasing demand from Chinese consumers, with an investment of no less than RMB 240 million [2] - The new factory is expected to be operational by 2029, contributing positively to the company's operational development and growth prospects [2] - The acquisition of land is strategically located near existing facilities, which will help create synergies and improve operational efficiency in the Greater Bay Area [3] Summary by Sections - Investment Expansion: The company has successfully bid for two plots of land in Zhuhai, Guangdong, for a total of RMB 30.68 million, aimed at constructing new production facilities [1] - Production Capacity: The new facility will utilize automation and efficient production processes to increase capacity and reduce unit production costs, addressing the evolving needs of consumers [2][3] - Operational Efficiency: The new automated facility is expected to enhance operational efficiency, reduce downtime, and optimize resource utilization, thereby lowering production costs [3] - Market Positioning: The company has a strong brand presence and is adapting to new consumer trends while expanding into emerging domestic channels and overseas markets [4]
日清食品（01475）：扩充生产线，拓展中国业务