Core Viewpoint - Tianwei Foods is experiencing significant growth, with record revenues and profits in 2024, and is planning to go public in Hong Kong to further its international expansion strategy [2][6][7] Group 1: Company Background - Tianwei Foods, known for its "Hao Ren Jia" hot pot base and "Da Hong Pao" seasoning, was founded by Deng Wen, who has leveraged the hot pot market to build a successful business [2] - The company was established from a collective food factory in Chengdu in the 1990s, with Deng Wen as the legal representative [3] Group 2: Financial Performance - In 2024, Tianwei Foods achieved a revenue of 3.476 billion yuan and a net profit of 625 million yuan, both marking new highs since its listing [2][6] - The company's revenue grew from 1.066 billion yuan in 2017 to 2.365 billion yuan in 2020, with net profit increasing from 184 million yuan to 364 million yuan during the same period [5] Group 3: Strategic Developments - The company plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international presence and business layout [7] - Deng Wen has shifted the company's focus from primarily hot pot base products to a broader range of Chinese seasonings, with revenue from these products surpassing that of hot pot bases by 2023 [6] Group 4: Challenges and Adjustments - Tianwei Foods faced a decline in performance in 2021 due to macroeconomic factors, prompting Deng Wen to implement various adjustments, including embracing new retail strategies and optimizing supply chains [6] - The company has shown resilience, with performance stabilizing and achieving record highs in 2024 after implementing these strategies [6]