Haitian Flavouring & Food: Q3 Performance Expected to Accelerate

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### Haitian Flavouring & Food: Q3 Performance Expected to Accelerate

Time: 2026-07-30 21:11:02

Content: [Haitian Flavouring & Food]: Q3 is expected to accelerate, and long-term excess returns are foreseeable. Based on channel research, we judge that the company's Q3 performance is expected to accelerate sequentially, mainly due to the low base of 25Q3 caused by the alcohol ban (Q3 revenue only grew 2%), the significant volume growth of the company's health series products and new products such as seasoning sauces, and the continuous tapping of growth in the catering channel. Leading the "catering solutions" business model transformation + the increasingly apparent effect of product expansion ensures long-term excess returns. On the one hand, under the background of fragmented catering demand, the company actively responds by promoting reform of the customized catering and seasoning business on the basis of existing regular standard products in high, medium, and low-end lines to meet different customer needs. Under the background of marginal recovery in catering demand, we are optimistic about the company achieving excess returns in the catering channel; ...