China International Capital Corporation stated that the mid-term snack warehouse stores are expected to continue expanding. Currently, the Community discount model is iterating continuously, with an expected penetration rate of 15%-20% compared to the overseas Developed Markets discount model. By estimating the store density of existing mature markets combined with regional purchasing power coefficients, the mid-term opening space for the snack industry is about 0.07 million stores. The discount model in China is still under continuous iteration, and it is expected that the offline Community discount model will gradually expand from the snack vertical category to compound categories. Currently, the industry includes offline discount supermarkets (such as comprehensive discount supermarkets like Lele, traditional supermarket transformations with a focus on soft discounts or a combination of hard and soft discounts (like Haoteimai, Haitaogou, Aizhekou, etc.), and snack warehouse stores expanding into discount supermarket formats (such as Snack Youming, Qiahua Puzai, Wancheng Qilai's Youpin, etc.).