Bestore(603719)2024-12-13 10:23Group 1: Company Strategy and Product Development - In 2024, the company launched a new brand value proposition "Natural Healthy New Snacks," focusing on "better natural, healthier, and more new experiences" to enhance the positioning of high-quality snacks [4] - The company has introduced over 300 "Five Reduction" healthy snacks, which emphasize reducing salt, sugar, fat, oil, and food additives, aiming for simpler and healthier formulations [4] - The company is committed to product innovation and improving store operation quality to enhance business performance [6] Group 2: Business Growth and Market Position - The group purchasing business has seen rapid growth, establishing a broad network across five strategic regions in China, which has solidified its leading position in the gift market [6] - The company plans to continue expanding group purchasing channels, optimizing product structure, and improving service quality for stable performance growth [6] Group 3: Shareholder and Market Concerns - Major shareholder Dayong Limited has reduced its holdings, cashing out a total of 142 million CNY from October 31 to December 10 [6] - The company is facing challenges from price wars, leading to declines in both revenue and net profit, and is actively working on strategies to recover performance [6] - The company emphasizes the protection of minority investors' rights and will continue to fulfill its obligations as an independent director to ensure fair and independent board operations [8]