Ligao Foods (SZ:300973)2023-05-17 10:17Group 1: Company Overview - The company is called Lihigh Food Co., Ltd., with stock code 300973 and bond code 123179 [1][2]. - The company specializes in the research, production, and sales of frozen baked goods and baking ingredients [6][7]. Group 2: Financial Performance - In Q1 2023, revenue from frozen baked goods increased by approximately 50%, while cream revenue decreased by about 17% [3][4]. - The company's revenue for Q1 2023 increased by 26.19% year-on-year [9]. Group 3: Raw Material Management - The prices of key raw materials like oil and sugar have shown a downward trend since the end of 2022, prompting the company to adjust procurement strategies [3][4]. - The company employs measures such as batch purchasing and price adjustment mechanisms to manage raw material costs [3][4]. Group 4: Market Strategy - The company is focusing on expanding its marketing network and diversifying sales channels, including supermarkets, restaurants, and online platforms [6][8]. - It has established production bases in regions like Guangdong, Zhejiang, and Henan to optimize supply chain efficiency [6][7]. Group 5: Competitive Advantages - The company holds a leading position in the frozen baked goods industry, attributed to its technological, product diversity, and marketing network advantages [7][8]. - It has developed over 50 product teams to enhance R&D capabilities and increase the frequency of new product launches [6][7]. Group 6: Future Outlook - The company plans to continue enhancing its supply chain and production capacity to meet market expansion needs [6][8]. - Future growth will focus on channel development and product innovation to increase market share [10].