Gelonghui, May 20 | According to a recent research report by Guoxin Securities, although sales of Arowana (300999.SZ) kitchen food, feed ingredients and fat technology products were set back in 2023, sales of 2024Q1's kitchen food, feed ingredients, and oil technology products are expected to increase compared to the same period last year. The kitchen food business, in particular, still achieved a double increase in sales and profit even though product prices declined compared to the same period last year. According to the research report, as a leading kitchen food company, diversified development is worth looking forward to. Although it faces challenges such as weak market demand for food and beverage industry channel products, fierce competition, and low by-product prices, a positive economy and a recovery in farming are expected to lead to an improvement in demand. Maintain a “buy” rating.