Group 1: Product Development and Strategy - The company focuses on high-quality canned fruit products, emphasizing portable, casual, and diverse ingredient small-packaged cans. Recently, it launched reduced-sugar and juice fruit canned products to meet varying consumer demands [2][3] - Coconut water, known for its natural electrolytes, remains a key product, with recent brand updates and the introduction of new products like coconut fruit water and coconut water beverages to expand its market presence [2][3] Group 2: Sales Channels and Revenue - In Q1 2025, the company achieved revenue of 46.4462 million yuan from the snack specialty channel, indicating a commitment to diversifying sales channels and enhancing product development for higher value-added offerings [3] - The company is adjusting the prices of its coconut juice products due to rising raw material costs, with price increases ranging from 1% to 8% and some regional price decreases between 1% and 5% [3][4] Group 3: Cost and Procurement - The company sources fruit primarily from Shandong and Hubei, with a significant drop in procurement prices for yellow peaches by over 30% year-on-year due to a bountiful harvest, while orange prices have seen some increases [4] - Coconut raw materials are mainly sourced from Southeast Asia, with procurement prices experiencing upward pressure due to supply and demand factors [4] Group 4: Investment and Expansion - The company plans to invest up to 3.39756 trillion Indonesian rupiah (approximately 21 million USD) in a coconut processing project in Indonesia, aimed at enhancing its upstream supply chain and product offerings [4] - The project is expected to produce coconut-related products, including fresh coconut juice and coconut water, for both local and export markets [4] Group 5: Corporate Governance - Currently, the company has not implemented an equity incentive plan [4] - During the investor relations activity, there were no disclosures of undisclosed significant information, ensuring compliance with regulations [4]