Core Viewpoint - The government of Ya'an City, Sichuan Province, is actively addressing adverse conditions in the tea market and climate by implementing measures to strengthen the tea industry, enhance the "Mengding Mountain Tea" brand, and promote the steady development of the "Ya Tea" industry [1] Group 1: Stock Optimization and Strengthening Traditional Tracks - The government supports the establishment of green management practices in tea gardens and provides subsidies for cooperative tea leaf purchasing and sales [2] - The city aims to create over 600,000 acres of national green (organic) tea bases by completing certification processes for specific counties [2] - Efforts are being made to enhance tea processing standards and promote deep processing projects, with an average construction progress of over 50% for three provincial-level projects [2] Group 2: Incremental Breakthroughs and New Emerging Tracks - New tea beverage brands like "Heytea" and "Ya Tea Group" are launching innovative products, with significant investments in production lines for new tea drinks [3] - Collaboration with Sichuan Agricultural University is enhancing research on the health benefits of Ya'an藏茶, leading to the development of functional tea products [3] - The tea industry is exploring cross-industry integration, including the development of tea-themed tourism and collaborations with the hot pot industry [3] Group 3: Strengthening Support and Building a Support System - The implementation of the "Mengding Mountain Tea Culture Protection Regulations" is promoting the preservation and development of tea culture in the region [4] - A financial incentive policy has been introduced, allocating 10 million yuan to support various aspects of the tea industry, boosting confidence among businesses and farmers [4] - Brand promotion activities are being organized, with significant brand values reported for "Mengding Mountain Tea" and "Ya'an藏茶," indicating a strong market presence [5]

Core Insights - Heytea continues to innovate by incorporating highland elements into its product development, launching new products inspired by traditional highland tea culture [1][2] - The company has successfully introduced several popular new products this year, including "Snowy Highland Yak Milk Tea" and "Cheese Salty Tea," which have garnered significant consumer interest [1] - Heytea's supply chain team has conducted extensive research to source high-quality yak milk from key production areas, ensuring the flavor and quality meet the company's standards [1] Product Development - Heytea has developed over 40 samples of Tibetan tea for flavor testing, ultimately creating the "Cheese Salty Tea" and "Yak Milk Butter Tea" with a black buckwheat Tibetan tea base [2] - The company aims to present traditional highland ingredients like yak milk, barley, and Tibetan tea in a more youthful and accessible manner for broader consumer appeal [2]