Lates News

The research report of CITIC Securities stated that the demand for mass consumer goods terminals in the second quarter of 2025 is still relatively weak, with no significant improvement compared to the previous quarter. Most of the raw material costs of mass consumer goods enterprises are at the bottom level, fluctuating or trending downward, but the industry competition is still intense and the profitability is not significantly improved. In the second quarter of 2025, the mass consumer goods sector is becoming more "intensive" - with increased competition and promotions in the beverage terminal, differentiation in the growth of snack companies, and pressure on demand and prices in the dairy and catering supply chain sectors, while also seeing various structural opportunities. Investment recommendations: 1) Focus on the snack sector with the most new consumer characteristics. 2) Maintain high prosperity in the tea and functional beverage sectors within the beverage sector. 3) Clearly improve the profitability of the dairy sector with a bottom-up approach. 4) Others.