Core Viewpoint - Q3 2023 financial results of Qianhe Flavor Industry show a recovery in revenue and profit, alongside the company's proactive response to new food labeling regulations, emphasizing transparency and consumer health [1][2][6] Financial Performance - Qianhe Flavor Industry reported a revenue of 1.987 billion yuan and a net profit of 260 million yuan for the first three quarters of 2023 [1] - In Q3 alone, the company achieved a revenue of 669 million yuan and a net profit of 86 million yuan [1] - Revenue from soy sauce, vinegar, and other businesses in Q3 was 419 million yuan, 79 million yuan, and 133 million yuan respectively, with a significant reduction in the decline compared to Q2 [1] Market Response and Strategy - The company has removed "0 additives" labeling from its packaging in response to new regulations, placing ingredient lists on the front for better consumer visibility [1][2] - Qianhe's chairman emphasized the importance of product quality and compliance with new labeling standards to avoid consumer misunderstandings [2][6] - The company supports the new GB 7718 regulations, which aim to clarify food labeling and promote consumer awareness of ingredients [2][4] Industry Trends - The clean label concept, which originated in Europe, emphasizes transparency and the rejection of artificial additives, pushing companies towards innovation in natural ingredients and processing methods [4][6] - The new GB/T 18186-2025 standard for soy sauce has raised quality requirements and eliminated substandard products, marking a shift towards pure grain brewing [6][7] - Retailers like Walmart are adjusting their product offerings to focus on high-quality, clean-label soy sauces, indicating a market shift towards cleaner ingredients [7][9] Collaboration and Partnerships - Qianhe Flavor Industry is collaborating with major retailers like Walmart to develop unique product quality standards, enhancing its market position [9] - The company aims to leverage partnerships to promote clean-label products, aligning with consumer demands for food safety and quality [9]