Group 1: Market Position and Product Pricing - The pickled vegetable industry is currently in a stock competition market, with little change in overall market demand and numerous companies targeting different consumer groups and regions. The company's product positioning is in the mid-to-high end of the industry, primarily focusing on city-level markets, accounting for approximately 70% of total revenue [1] - The last price increase for the company's main products occurred at the end of 2021, and there have been no further price adjustments since then. Overall, the product prices remain stable [1] Group 2: Profit Margin Outlook - The company's profit margins have been stable in recent years, and with the price of raw materials (pickled vegetables) remaining stable, costs are generally controllable. However, since 2024, the company has accelerated the launch of new products, which currently have lower gross margins than pickled vegetable products and are smaller in scale. The increased promotional expenses for these new products have had a certain impact on overall profit margins [2] Group 3: Sales Channels - The company's sales channels are divided into three main categories: online e-commerce, which has a volume of around 100 million; the catering channel; and the family consumption channel, which serves as the primary distribution channel [3] Group 4: Dividend Considerations - The company considers dividends primarily in response to shareholder requests and in line with current regulatory encouragement, aiming to share company benefits with shareholders and protect investor interests. Future dividend amounts will gradually increase based on capital expenditure plans and the company's actual situation [4] Group 5: Self-Funded Capital - The company currently has approximately 3 billion in self-owned funds, which will be primarily used for future planned mergers and acquisitions, product research and development, promotion, and brand advertising to support the execution of the company's medium- to long-term strategic plans [5]