Core Viewpoint - The company is focused on optimizing production capacity and expanding both domestic and international markets for high-end malt products [2] Production Capacity Optimization - The company plans to increase high-end malt production capacity, having completed two initial fundraising projects and is implementing a new 50,000 tons/year specialty malt production line to meet market demand [2] - Future capacity structure optimization and layout improvements will be arranged according to strategic development needs [2] Market Development - The company aims to consolidate its domestic market while actively exploring overseas markets, achieving a year-on-year increase in malt sales [2] - There will be a focus on expanding overseas sales opportunities to achieve a balance between domestic and international business [2] Production Operations - The company employs a coordinated production and sales model, aligning production schedules with customer demand to ensure smooth operations [2] - This model allows the company to effectively cover major regions across the country, enhancing operational efficiency and reducing logistics costs [2] Product and Service Enhancement - The company is increasing collaboration with customers and research institutions to boost the sales proportion of customized products, better meeting customer needs [2]

Group 1: Business Overview - The company specializes in specialty malt production, which has a more complex processing procedure than regular malt, resulting in higher prices [2] - The company has a total malt production capacity of 1.08 million tons per year, with a utilization rate of 98.90% as of 2024 [2] Group 2: Sales and Market Strategy - Domestic sales account for the majority, with exports typically representing 25-30% of total sales, depending on domestic market conditions [2] - The company aims to balance domestic and overseas sales, actively exploring opportunities in Southeast Asia, Central and South America, Japan, Korea, and Africa [2] Group 3: Production and Capacity Expansion - A new production line for specialty malt with a capacity of 50,000 tons per year is under construction, with a total investment of 259 million yuan, expected to be completed by the end of 2025 [2] - Recent projects have increased production capacity by 27%, with two major projects already achieving full production [3] Group 4: Pricing and Procurement - Pricing for large clients is determined through annual tenders, while small clients have more flexible pricing based on market conditions [3] - The company employs a coordinated procurement strategy to mitigate risks associated with raw material price fluctuations [3] Group 5: Industry Outlook and Development Plans - The domestic beer production has remained stable, with a slight decline of 0.3% in the first half of 2025, but there is a growing demand for high-end products [3] - The company plans to enhance its innovation capabilities and seek acquisition opportunities to achieve sustainable growth and improve product quality [3]