Cinda Securities released a research report saying that China, as a global core producer of thermos cups, has a complete industrial chain, mature R&D and manufacturing and original design capabilities, yet terminal consumer brands are still in the early stages of development, a critical period of industry transformation and upgrading. We continue to recommend Hals, which has high overseas production capacity and cost optimization, and domestic brands have accumulated potential, and focus on being deeply tied to core customers and Jiayi shares with abundant global production capacity.

Cinda Securities released a research report saying that China, as a global core producer of thermos cups, has a complete industrial chain, mature R&D and manufacturing and original design capabilities, yet terminal consumer brands are still in the early stages of development, a critical period of industry transformation and upgrading. We continue to recommend Hals, which has high overseas production capacity and cost optimization, and domestic brands have accumulated potential, and focus on being deeply tied to core customers and Jiayi shares with abundant global production capacity.