Core Viewpoint - Meiyingsen Group recently conducted a specific investor survey with two institutions, Huaxia Fund and Dongfang Caifu, focusing on various business aspects and industry dynamics [1] Group 1: Business Insights - The leading companies in the packaging industry possess strong competitive advantages in R&D design, product quality, customer resources, and customer service [1] - The company is experiencing a slight fluctuation in profit margins for both domestic and international operations, with an overall increase in profits due to the development of high-value-added clients [1] - The revenue and profit from the white wine packaging business face certain risks of decline due to downstream industry influences [1] Group 2: Market Dynamics - The domestic packaging industry is currently facing intense competition, with some market demand shifting overseas, leading to increased pressure in the domestic market [1] - The overseas factories primarily employ local workers for frontline positions, while the management team is mainly composed of domestic employees [1] - The overall competitive barrier in the packaging industry is low, but large clients with high service packaging requirements create challenges for small and medium-sized enterprises [1] Group 3: Financial Outlook - The company has maintained stable operations and good cash flow in recent years, providing a solid foundation for continuous cash dividends [1] - The future dividend plan is influenced by regulatory requirements and serves as a return to shareholders [1]

Group 1 - The Prime Minister of Kazakhstan, Alikhan Smailov, met with representatives from PepsiCo to discuss the implementation of a Lay's potato chip factory project in Almaty region [1] - The initial planned investment for the factory was $160 million, which PepsiCo has decided to double [1] - The first phase of the project and the production of the first Kazakhstan-made products are scheduled to start in March 2024, with full production expected by September 2027 [1]