Core Viewpoint - Company has established a strong production layout in the concentrated juice industry, focusing on proximity to raw material production areas and expanding its processing capacity in key regions [1] Group 1: Production Layout - Company has invested in 10 modern processing bases across seven major apple-producing provinces in China, including Shandong, Shaanxi, Shanxi, Liaoning, Jiangsu, Sichuan, and Xinjiang [1] - A cooperation agreement was signed with Suizhong County government to invest approximately 160 million yuan in a juice processing production line project, which will have an annual processing capacity of 120,000 tons of apples and pears upon completion [1] - The company operates 20 juice production lines with a designed annual processing capacity of 1 million tons, positioning it among the leaders in the global concentrated juice processing industry [1] Group 2: Competitive Advantages - The company's layout strategy of "multi-region collaboration and large-scale processing" helps reduce raw material transportation costs and allows for quick responses to production and order demands in different regions [1] - Company has established long-term stable partnerships with fruit farmers, leveraging its regional layout and financial advantages, and has built a good reputation in various areas [1] Group 3: Financial Impact - Since its establishment, the company has paid approximately 14 billion yuan to farmers for raw materials [1] - For the year 2025, the overall purchase price of raw fruits is expected to be lower than that of 2024, based on industry supply and demand and the company's actual procurement situation [1]