On July 22, Guolinghui released a report stating that the Chinese beverage industry has faced various challenges in the past few months, including multiple media events, price wars on drinking water, and price hikes by Kangshifu. The bank concluded that Nongfu Spring will gradually recover from its low point in the first half of the year in the second half of the year, benefiting from the promotion of its green-bottled purified water. Even if the company's stock price experiences short-term fluctuations after announcing its interim performance at the end of August, the bank also believes that high dividend stocks will continue to be favored, especially U-Presid China, and has upgraded its investment rating from 'hold' to 'outperform the market', with a target price raised from HKD 5 to HKD 6.7, based on the limited selection of high-quality stocks in the consumer industry. The bank pointed out Nongfu Spring's performance recovery as the focus of the second half of the year. Recent channel investigations indicate that the recovery is on track. Despite short-term stock price fluctuations, the bank has lowered its target price from HKD 47.9 to HKD 38.6, with a rating of 'outperform the market', due to the impact of slowing revenue growth and declining profit margins on its interim performance. The bank has raised Kangshifu's target price from HKD 8 to HKD 9.6 and maintained a rating of 'hold'.