Yihai International Holdings Ltd Shs Unitary 144A/Reg S

01579: XHKG (HKG)
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Yihai: Diversifying Channel Exposure Amid Slowing Consumer Demand; Maintain Fair Value Estimate

We reviewed our 2025 forecasts for Yihai ahead of its interim earnings release, considering recent market trends in the hotpot and compound condiments sector across both retail and catering channels.

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