Core Viewpoint - The report highlights the current state and future trends of the sugar industry in China, indicating a slight decline in sugar production in April 2025 while showing an overall increase in the first four months of the year [1]. Industry Summary - According to the National Bureau of Statistics, China's refined sugar production in April 2025 was 603,000 tons, representing a year-on-year decrease of 2.1% [1]. - Cumulatively, from January to April 2025, China's refined sugar production reached 8.666 million tons, reflecting a growth of 3.1% compared to the same period in the previous year [1]. - The report provides insights into the competitive landscape and development trends of the sugar industry in China from 2026 to 2032, as published by Zhiyan Consulting [1]. Company Summary - Listed companies in the sugar industry include Huazi Industrial (600191), Yuegui Co., Ltd. (000833), Guannong Co., Ltd. (600251), COFCO Sugar (600737), Jinhui Industrial (002597), Guangnong Sugar Industry (000911), and Hainan Yedao (600238) [1].