Core Viewpoint - The company is actively expanding its presence in the snack food sector by leveraging its differentiated advantages in seafood protein to enhance product competitiveness [1] Group 1: Product Development - The company has launched multiple ready-to-eat seafood snack products [1] - New products have successfully entered mainstream snack wholesale channels such as "Good Idea" and "Busy Snacks" [1] - The company is also diversifying its distribution channels by targeting regional supermarkets and community group buying [1] Group 2: Market Performance - The new products are performing well in the market, showing steady growth due to their unique seafood flavors and health attributes [1] - The company plans to increase marketing investments to expand collaborations with more snack wholesale channels [1] Group 3: Future Strategy - The company aims to enrich its product flavors and specifications to drive rapid growth in the snack food business, positioning it as a new growth point [1]

Group 1: Product Performance and Market Strategy - The abalone product series maintains a good reputation and brand recognition in the high-end dining and gifting market, leveraging high-quality raw materials and advanced processing techniques [1] - The company is exploring diverse consumption scenarios such as family dining and ready-to-eat snacks to enhance product value, while optimizing channel structure to tap into market potential [1] - The seafood segment is transitioning from raw material supply to end-consumer products, enhancing overall value chain efficiency [1] Group 2: Profitability and Cost Management - There is continuous potential for optimizing product gross margins through various initiatives, including streamlining the product matrix and eliminating low-margin SKUs [2] - The company is focusing resources on high-margin categories such as hot pot products and premium seafood, while implementing refined supply chain management to reduce costs across procurement and production [2] - As revenue scales up, the overall gross margin is expected to improve [2] Group 3: New Product Development - The company emphasizes R&D, leveraging its seafood protein resources to develop healthy, high-quality new products that meet current consumer health trends [3] - New products include low-calorie, high-protein items like simulated crab claws and cod roe packages [3] Group 4: Snack Business Development - The company is actively expanding into the snack sector, utilizing differentiated seafood protein advantages to build product competitiveness [4] - Several ready-to-eat seafood snack products have been launched and successfully entered mainstream retail channels, showing steady growth in market performance [4] - Future plans include increasing market promotion investments, expanding snack retail partnerships, and diversifying product flavors and specifications to drive rapid growth in the snack business [4]