Gelonghui, April 2 | CITIC Construction Investment Securities Research Report indicates that overall, Yunnan Baiyao (000538.SZ) secondary market securities investment has been disposed of. The focus for the whole year is on improving quality and efficiency in the main business. The 23-year results are in line with our previous expectations. Looking forward to 24 years, as the company's main business focuses on improving quality and efficiency while making every effort to expand incremental development space, focusing on cultivating emerging business units and creating new performance growth points, we are optimistic about the company's ability to continue to grow in the future. Maintain a “buy” rating.