Core Viewpoint - The company is expected to achieve significant revenue and profit growth in the first half of 2025, driven by strong product innovation and expansion in various sales channels [1][2]. Group 1: Financial Performance - For H1 2025, the company anticipates revenue between 746-798 million yuan, representing a year-on-year increase of 40.91%-50.77% [1]. - The expected net profit attributable to shareholders is projected to be between 105-112 million yuan, reflecting a year-on-year growth of 37.91%-47.57% [1]. - The company forecasts Q2 2025 revenue of 363-415 million yuan, with a year-on-year increase of 42.71%-63.24% [1]. Group 2: Product Innovation and Market Expansion - The company has been actively expanding its product offerings in membership stores, introducing items like vegetarian gift packs and sour soup snacks, which are expected to contribute significantly to revenue in the second half of the year [1]. - The company is focusing on customized products to meet the growing demand from downstream channels, enhancing collaborations with snack wholesale systems and large supermarkets [1]. - Recent product development has accelerated, with new items such as chicken feet and tiger skin chicken feet being added to the existing lineup, although the current market penetration of these new products remains low [2]. Group 3: Long-term Growth Outlook - The company is positioned as a leader in the marinated chicken feet segment and is expected to continue expanding its product categories while embracing emerging sales channels [2]. - Revenue projections for 2025-2027 are estimated at 1.675 billion, 2.021 billion, and 2.426 billion yuan, with respective year-on-year growth rates of 41.66%, 20.67%, and 20.02% [2]. - The expected net profit for the same period is projected to be 219 million, 261 million, and 317 million yuan, with year-on-year growth rates of 39.36%, 19.24%, and 21.32% [2].