Core Viewpoint - Fuling Pickle is reassessing its key pickled vegetable business due to changing market dynamics and declining sales performance [1][2]. Group 1: Financial Performance - In the first half of 2025, Fuling Pickle reported a revenue increase of 0.5% year-on-year to 1.31 billion yuan, while net profit attributable to shareholders decreased by 1.7% to 440 million yuan [1]. - Revenue breakdown for product categories shows pickled vegetables at 1.12 billion yuan (up 0.5%), radishes at 30 million yuan (up 38.35%), and pickled cabbage at 120 million yuan (down 8.4%) [1]. - Sales volume for pickled vegetables declined by 1.2%, while radishes and pickled cabbage saw increases of 42.9% and a decline of 10.4%, respectively [1]. Group 2: Market Challenges - The company acknowledges challenges in sales channels, attributing them to changing consumer preferences and a reduction in the target population due to urban population shifts [1]. - Fuling Pickle is responding to these challenges by expanding product categories and market reach, focusing on new product development and channel expansion to cover areas with returning populations [1]. Group 3: Production Adjustments - In response to market conditions, Fuling Pickle is adjusting its production plans by reducing the production lines for conventional pickled vegetable products and increasing lines for multi-specification products and new sauce products [2]. - The overall market fundamentals for Fuling Pickle have changed, indicating that the company is in a period of adjustment [2].