Industry Overview - The market size of China's snack food industry reached 933 billion yuan in 2024, with a per capita annual consumption of 662.5 yuan, significantly lower than developed countries like the US (7578.7 yuan), UK (6543.9 yuan), and Japan (3524.6 yuan), indicating substantial growth potential [1] - The market is expected to grow to 1.14 trillion yuan by 2029, with a compound annual growth rate (CAGR) of 4.1% [1] Company Performance - Many listed companies in the snack sector have reported declines in both revenue and net profit in the past year, including major players like Liangpinpuzi, Juewei Food, and Zhou Hei Ya [3] - The "three giants" of marinated snacks have seen a reduction of over 5,000 stores due to declining performance, with Zhou Hei Ya reducing its stores by 785 to 3,031, and Huang Shang Huang by 837 to 3,660 [3] Leading Companies - Weidong Meiwai emerged as the "profit king" among snack companies, achieving a net profit of 1.068 billion yuan in the last year, a year-on-year increase of 21.37%, and revenue of 6.266 billion yuan, up 28.6% [5] - Three Squirrels is the only company to surpass 10 billion yuan in revenue, reporting 10.622 billion yuan, a 49.3% increase, and a net profit of 408 million yuan, up 85.51% [7] - The company has expanded its product range significantly and plans to enter the bulk snack market through acquisitions [7] Financial Summary of Major Snack Companies - Three Squirrels: Revenue 106.22 billion yuan, Net Profit 4.08 billion yuan [8] - Liangpinpuzi: Revenue 71.59 billion yuan, Net Profit 0.46 billion yuan [8] - Juewei Food: Revenue 62.57 billion yuan, Net Profit 2.12 billion yuan [8] - Weidong Meiwai: Revenue 62.66 billion yuan, Net Profit 1.068 billion yuan [8] - Other companies like Salted Fish and Good Idea also reported varied performance, with some experiencing significant declines [8]