Group 1 - The 2025 Guangdong-Macau Quality Products Exhibition has opened in Macau, focusing on the silver economy and national trend industries, featuring five exhibition areas with over 5,000 products from more than 400 domestic and international companies [1][2] - The exhibition serves as a platform for enhancing economic cooperation between Guangdong and Macau, facilitating the entry of products from Portuguese-speaking countries into the Greater Bay Area [1][2] - The event aims to support the diversified development of Macau's economy through the integration of Guangdong and Macau, leveraging Guangdong's strong industrial base and innovation capabilities [1] Group 2 - The newly established silver health living exhibition area showcases smart assistive devices, intelligent nursing beds, wearable exoskeletons, and stair-climbing machines, enhancing the quality of life for the elderly [2] - The national trend product exhibition area features cultural displays and performances, including non-heritage craftsmanship and original stage plays, promoting local culture [2] - Multiple forums will be held during the exhibition, covering topics such as health, the silver economy, smart healthcare, and economic cooperation along the Belt and Road Initiative [2]

Group 1: Market Trends - The "blind box economy" and "guzi economy" have become hot topics in the new consumption sector, leading to increased interest in companies like Hars. [1] - The domestic cup and kettle market is undergoing a profound transformation, with products evolving from traditional durable goods to fast-moving consumer goods, fashion items, collectibles, and lifestyle symbols. [2] - The global cup and kettle market is experiencing steady growth, driven by the segmentation of usage scenarios, the rise of outdoor activities, and the influence of short video social media, leading to increased consumption frequency. [2] Group 2: Company Strategy - Hars has clarified that its past cooperation with Pop Mart has ended and does not include the Labubu IP, while expressing confidence in the domestic market and the new consumption trends represented by the "guzi economy." [1] - The company has a creative independent design team and plans to actively explore new sales channels and develop new products in response to market trends. [1] - Hars has shown a clear inclination towards IP operations and has previously collaborated with various companies, including Pop Mart and Coca-Cola, to enhance brand development. [3][4] Group 3: Competitive Landscape - Leading brands are enhancing market concentration and consolidating their dominant positions, while emerging brands are rapidly rising through innovative products and flexible strategies, injecting new vitality into the industry. [2] - The rise of new brands intensifies market competition, requiring supply-side companies to enhance their competitiveness and meet diverse customer needs. [2]