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Want Want China (0151.HK): FY1Q26 Update: softness from distribution channel; more channel supports, higher-margin new products and less tough base to reduce the pressure; Sell

发布日期: 2026-08-03研究机构: Goldman Sachs报告页数: 11原文语言: English证据页码: 10

研报英文原文证据摘录

Want Want China (0151.HK): FY1Q26 Update: softness from distribution channel; more channel supports, higher-margin new products and less tough base to reduce the pressure; Sell

Goldman Sachs Want Want China (0151.HK)

primarily responsible for the content of this research report, as defined in Article 20 of CVM Resolution n. 20, is the first author named at the beginning

of this report, unless indicated otherwise at the end of the text. Canada: This information is being provided to you for information purposes only and is

not, and under no circumstances should be construed as, an advertisement, offering or solicitation by Goldman Sachs & Co. LLC for purchasers of

securities in Canada to trade in any Canadian security. Goldman Sachs & Co. LLC is not registered as a dealer in any jurisdiction in Canada under

applicable Canadian securities laws and generally is not permitted to trade in Canadian securities and may be prohibited from selling certain securities

and products in certain jurisdictions in Canada. If you wish to trade in any Canadian securities or other products in Canada please contact Goldman

Sachs Canada Inc., an affiliate of The Goldman Sachs Group Inc., or another registered Canadian dealer. Hong Kong: Further information on the

securities of covered companies referred to in this research may be obtained on request from Goldman Sachs (Asia) L.L.C. India: Further information

on the subject company or companies referred to in this research may be obtained from Goldman Sachs (India) Securities Private Limited, Research

Analyst - SEBI Registration Number INH000001493, 10th Floor, Ascent-Worli, Sudam Kalu Ahire Marg, Worli, Mumbai-400 025, India, Corporate

Identity Number U74140MH2006FTC160634, Phone +91 22 6616 9000, Fax +91 22 6616 9001.

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