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研选 | 光大研究每周重点报告 20260307-20260313
光大证券研究· 2026-03-14 00:06
Industry Research - The snack retail industry has experienced rapid growth in recent years, forming a strong competitive landscape with "Very Busy" and "Wancheng" as the two leading players [4] - Leading companies in the industry have significant scale advantages, strong bargaining power in upstream procurement, and mature store models in downstream franchising, contributing to growth in both revenue and profit [4] Company Analysis - Henglin Holdings (603661.SH) is a leading company in the domestic office furniture sector, with its office chair exports ranking first in the industry for several consecutive years [6] - The company is expanding its product range around the "big home" strategy, achieving growth in soft furniture and new material flooring, with revenue expected to exceed 10 billion in 2024 [6] - From 2019 to 2024, Henglin's revenue is projected to have a compound annual growth rate of 28.6% [6] Consumer Opportunities - Guangzhou Ruoyuchen Technology Co., Ltd. (003010.SZ) is a global consumer brand digital management company, focusing on brand management and self-owned brands [7] - The company actively develops its own brands, launching home cleaning brand "Zhanjia" and health product brand "Feicui/Niu Yibei," both of which ranked highly on major platforms during the 2025 Double Eleven shopping festival [7]