Frisland President Zhang Zhanhong: Infant formula is showing signs of recovery, Frisland will continue to achieve double-digit growth.

In terms of the entire dairy product market, infant formula has shown a phase of recovery. A set of data he provided shows that in 2024, the sales of the entire infant formula category in China fell by 5.9%, but due to the "dragon baby" effect, the decline in the first quarter of this year has been reduced to -0.8%, especially the sales data of infant formula have turned positive; in addition, the super high-end sub-category is also experiencing positive growth.