气已拂面，那是 糖度凝成的无形 刃。它在湾区掀 起"杏"风血雨 ——非刀光剑影 之肃杀，而是一 口咬下时的甜蜜 暴击，让老广们 在岭南的湿热 里，尝得西 域"杏"福真味。 疏附木亚格杏： 甜透湾区的西域 剑侠｜疆品八侠 ①_南方+_南方 plus 开栏语："疆品 南下"英雄帖已 发，"八侠"踏云 而来。这是跨越 千里的相逢论 剑，且看"疆品 八侠"的武林长 卷铺展，各路豪 杰如何以物产为 刃、以风味为 锋，在湾区的舌 尖江湖打响新疆 好物。 当一纸英雄帖传 至疏附杏 林，"金杏剑 侠"应声出鞘。 未近身，甜润剑 独门绝技：出鞘 剑气藏乾坤 疏附县位于新疆 喀什地区西南 部，是"金杏剑 侠"的诞生地。 年均2800小时的 光照时长、超 15℃的昼夜温 差、高原雪山融 水浇灌，让木亚 格杏修炼上乘内 功，积累浓郁的 糖分与果香。 "金杏剑侠"的看 家本领，全 在"剑气"之中。 成熟后的木亚格 杏，果皮为浅黄 至亮黄色，果肉 呈焦糖色，平均 甜度在22度，最 高甜度达26-28 度。细品之下， 恰到好处的果酸 若隐若现，如同 暗藏的杀机，让 人不知不觉"深 陷其中"，啖罢 一颗又寻一颗。 更妙的是"剑刃 三变"。新 ...

FitLife Brands (FTLF) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Dayton Judd - Chairman & CEOJames Bogin - Hedge Fund ManagerSamir Patel - Founder & Portfolio Manager Conference Call Participants Ryan Meyers - Senior Research AnalystSean McGowan - MD & Senior Research AnalystBill Anderson - Research Analyst Operator is now my pleasure to turn the floor over to your host, Dayton Judd, Chief Executive Officer of FitLife Brands. Sir, the floor is yours. Dayton Judd Thank you, Paul. I w ...

Investment Rating - The report maintains a "Buy" investment rating for the company [9] Core Views - The company experienced a 5% year-on-year decline in revenue for Q1 2025, primarily due to the timing of the Spring Festival, with a revenue of 539 million yuan and a net profit of 59 million yuan, also down 5% year-on-year [4][5] - The gross margin improved by 1 percentage point to 37.15% due to product mix optimization, and further improvements are expected in H2 2025 as operational efficiencies increase [5] - The company is focusing on enhancing its brand presence in younger consumer segments through targeted marketing on platforms like Douyin and Xiaohongshu, while also slightly increasing prices for lower-end products to improve profit margins [6] - Despite a challenging consumption environment in mature markets like Shanghai, Zhejiang, and Jiangsu, the company saw a 4% revenue increase in other regions, indicating resilience in external markets [7] Summary by Sections Financial Performance - Q1 2025 revenue was 539 million yuan, down 5% year-on-year, with net profit at 59 million yuan, also down 5% [4] - The gross margin increased to 37.15%, while net margin slightly decreased to 10.90% [5] Product Revenue - Revenue from mid-to-high-end liquor was 377 million yuan, down 5%, while ordinary liquor revenue was 156 million yuan, also down 5% [6] Market Dynamics - Revenue from mature markets (Shanghai, Zhejiang, Jiangsu) decreased by 10%, 10%, and 18% respectively, while other regions showed a 4% increase in revenue [7] Profit Forecast - The company is projected to have earnings per share (EPS) of 0.24, 0.27, and 0.31 yuan for 2025, 2026, and 2027 respectively, with corresponding price-to-earnings (PE) ratios of 36, 32, and 28 times [9][11]

Investment Rating - The report maintains a "Buy" investment rating for the company [9] Core Views - The company reported a revenue of 539 million yuan in Q1 2025, a decrease of 5% year-on-year, primarily due to the timing of the Spring Festival [4] - The gross margin increased by 1 percentage point to 37.15%, attributed to product mix optimization, with expectations for further improvement in H2 2025 as operational efficiencies are enhanced [5] - Revenue from mid-to-high-end liquor decreased by 5% to 377 million yuan, while ordinary liquor revenue also fell by 5% to 156 million yuan [6] - The company is focusing on consumer education and marketing efforts, particularly targeting younger demographics through platforms like Douyin and Xiaohongshu [6] - Revenue from mature markets such as Shanghai, Zhejiang, and Jiangsu saw declines of 10%, 10%, and 18% respectively, while other regions showed resilience with a 4% increase in revenue [7] - The company is expected to see significant growth in external markets as it strengthens its marketing and distribution efforts [7] - Earnings per share (EPS) are projected to be 0.24, 0.27, and 0.31 yuan for 2025, 2026, and 2027 respectively, with corresponding price-to-earnings (PE) ratios of 36, 32, and 28 times [9] Summary by Sections Financial Performance - Q1 2025 revenue was 539 million yuan, down 5% year-on-year, with a net profit of 59 million yuan, also down 5% [4] - The company expects to maintain a stable profit margin with a slight decrease in net profit margin to 10.90% [5] Product Revenue - Mid-to-high-end liquor revenue was 377 million yuan, and ordinary liquor revenue was 156 million yuan, both down 5% [6] - The company is implementing small price increases for lower-end products to enhance profit margins [6] Market Dynamics - Mature markets are under pressure, but external markets are showing resilience with a 4% revenue increase [7] - The company is focusing on expanding its market share in non-mature markets through enhanced marketing activities [7] Earnings Forecast - The company is projected to achieve a revenue of 2,054 million yuan in 2025, with a growth rate of 6.1% [11] - The forecasted net profit for 2025 is 218 million yuan, reflecting a growth rate of 5.9% [11]