Huaxi Securities released a research report saying that maintaining the Australian Excellent (01717.HK) “gain” rating, the bank is still optimistic about the future profit elasticity of leading companies during the downturn in the industry, with the expected recovery in the number of new births and the booming development of the entire silver hair economy, the revenue side infant formula business is expected to maintain its lead market share after consolidation and adjustment, and the current high growth in the nutritional products business is currently growing rapidly; under multi-pronged measures such as profit-side mergers and acquisitions, integration, and cooperation agreements.