Haixin Foods (SZ:002702)2022-12-04 07:00Group 1: Industry Trends - The industry maintains a growth rate of over 10%, driven by urbanization, faster lifestyle, and the rise of home economy and convenience trends [3] - Consumption upgrade leads to a significant market space for mid-to-high-end products, with consumers increasingly valuing brand and quality [4] - The industry is experiencing polarization, with the pandemic accelerating the reshuffling process; companies with brand, channel, R&D, and financial advantages gain more market share [4] Group 2: Acquisition Details - The company invested CNY 21.96 million to acquire a 61% stake in Baiyao Fresh Food, with 51% being direct investment and 10% reserved for employee incentives [4] - Baiyao Fresh specializes in mid-to-high-end frozen pastry products, which aligns with the company's strategy to expand its product range and meet customer demands [5] Group 3: Raw Material Price Trends - Pork prices are expected to remain high due to seasonal demand and other factors, while chicken and duck prices are stable; overall raw material costs are projected to rise slightly [6] - The company anticipates that the pressure from rising raw material costs will be less than the same period last year [6] Group 4: Capacity and Market Strategy - Short-term capacity gaps will be addressed through leasing factories and a collaborative model, while long-term plans include developing key production bases in Lianjiang and Zhoushan [6] - The proportion of mid-to-high-end products increased by nearly 9 percentage points compared to the same period last year, although a slight decline is expected in the short term due to seasonal factors [7]