Core Insights - The konjac snack segment has seen significant revenue growth, with companies reporting substantial increases in sales figures for these products [1][2]. Company Performance - Salted Fish (002847.SZ) reported that its konjac snack products generated revenue of 791 million RMB, accounting for 26.90% of total revenue, marking a year-on-year growth of 155.10% [1][4]. - Wei Long's parent company, Wei Long Mei Wei (09985.HK), reported a revenue of 2.11 billion RMB for its vegetable products segment, which includes konjac snacks, reflecting a year-on-year increase of 44.3% and representing 60.5% of total revenue [2][6]. Market Trends - The demand for konjac snacks is driven by their low-calorie and high dietary fiber attributes, leading to increased consumer interest [2]. - Despite the growth in konjac snack sales, the prices of raw materials, particularly konjac powder, have risen by over 30% year-on-year [2]. - The konjac snack market is expected to surpass traditional spicy strips in market size due to its diverse flavors and forms, appealing to a broader consumer base [2].

Core Viewpoint - The company, Wei Long, reported a strong financial performance in the first half of the year, with significant revenue growth and profitability, despite some declines in specific product categories [1] Financial Performance - Total revenue for the first half reached 3.483 billion yuan, an increase of 18.5% year-on-year [1] - Gross profit amounted to 1.642 billion yuan, up 12.3% year-on-year, with a gross margin of 47.2%, down 2.6 percentage points [1] - Net profit for the period was 736 million yuan, reflecting an 18.5% year-on-year increase, while the attributable net profit was 733 million yuan, up 18.0% year-on-year [1] - Basic earnings per share were 0.31 yuan, representing a 14.8% year-on-year increase [1] - The company declared an interim dividend of 0.18 yuan per ordinary share [1] Product Categories - Wei Long's product range includes flavored noodle products (commonly known as spicy strips), vegetable products, and bean products [1] - Revenue from flavored noodle products was 1.31 billion yuan, a decrease of 3.2% year-on-year, accounting for 37.6% of total revenue [1] - Revenue from vegetable products reached 2.11 billion yuan, a significant increase of 44.3% year-on-year, making up 60.5% of total revenue [1] - Revenue from bean products was 60 million yuan, down 48.1% year-on-year, representing 1.9% of total revenue [1]