The Zhitong Finance App learned that Fufeng Group (00546) rose by more than 5%. As of press release, it had risen 5.23% to HK$5.03, with a turnover of HK$27.5098 million.

CITIC Securities previously indicated that the MSG industry is currently led by Fufeng Group and Meihua Biotech, which together have a market share of over 80%. If we add companies such as Yipin, the market share of the top five manufacturers in the industry has already exceeded 90%. Industry concentration is high, leading enterprises have relatively strong ability to control supply, and can still have a good level of profit when industry product prices fluctuate.

The bank pointed out that Fufeng Group is the world's largest producer of monosodium glutamate and the world's largest producer of xanthan gum. Its main products include monosodium glutamate, xanthan gum, edible glucose and more than 50 series of health products. The company's dividend rate for the past five years has been around 35%, increasing slightly year by year. The company's profit dividends are all relatively stable, so it is recommended to pay attention.