Fuling Zhacai(SZ:002507)2025-10-29 09:06Group 1: Dividend and Share Repurchase - The company has maintained a steady increase in dividend levels, with a static dividend yield of approximately 4.3% for 2024, and total dividends accounting for nearly 70% of the net profit for that year [1][2] - The company is considering share repurchase as a method of cash distribution, but it requires a comprehensive evaluation of various factors [3][6] - The company announced a semi-annual profit distribution plan on September 27, with a cash dividend of 230 million for a 10-for-2 distribution [2][4] Group 2: Acquisition Strategy - The company is actively seeking suitable acquisition targets within the condiment industry and plans to conduct acquisitions as appropriate [1][2] - The termination of the acquisition of Weizimei was due to a lack of agreement on core commercial terms, not solely due to personnel changes [3][4] Group 3: Production Capacity and Market Strategy - The company plans to launch a new green intelligent production base for pickled vegetables, expected to be operational by June 2027, with a production capacity of 150,000 tons [6][7] - The company will not fully utilize the new production capacity at once but will gradually release it based on market demand and overall strategic planning [6][7] - The company is focusing on a dual-driven strategy, centering on pickled vegetables while also expanding into related products and pre-prepared dishes [2][3]