Guotai Junan released a research report saying that in the medium term, the condiment industry's boom will gradually pick up; in the long run, considering that the composite and zero-additive sub-tracks are in line with China's catering development and demographic trends, the future will be structurally prosperous, while focusing on the general trend. Therefore, it is recommended to increase holdings: Qianhe (603027.SH), which actively lays out a zero-addition track; Baoli Foods (603170.SH), Tianwei Food (603317.SH), which is actively involved in the compound seasoning industry (603288). SH) and Zhongju Hi-Tech (600872.SH), Fuling Mustard (002507.SZ), and Hengshun Vinegar Industry (600305.SH), which gradually released internal momentum after shareholders/management changes.
国泰君安：调味品行业中期企稳回升 头部集中大势所趋
Guotai Junan: The condiment industry showed a steady recovery in the medium term, leading the trend of concentration
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