$WL DELICIOUS (09985.HK)$ The price has risen over 6%, reaching a high of HKD 17.28, setting a new record since its listing, with a year-to-date increase of nearly 1.4 times. As of the time of writing, it is up 6.16%, priced at HKD 17.24, with a trading volume of HKD 0.204 billion.

In terms of news, Weilong Delicious expects to receive revenue of 6.266 billion yuan from customer contracts in 2024, an increase of 28.63% year-on-year; the profit attributable to the company's owners is 1.069 billion yuan, an increase of 21.37% year-on-year. The Earnings Reports show that Weilong's spicy strips (seasoned noodle products) saw annual revenue increase by 4.6% to 2.667 billion yuan, with a stable basic market position; vegetable products had an annual revenue increase of 59.1% to 33.71 million yuan, increasing its proportion of total revenue to 53.8%.

CICC released a Research Report stating that they have raised Weilong Delicious's net income forecast for the next two years by 5.9% and 11.1%, to 1.41 billion yuan and 1.71 billion yuan respectively, reflecting the rapid growth of konjac products. Huaxin Securities believes that Weilong, as the leading enterprise in spicy Snack Food, is actively strengthening brand building. As the pioneer of konjac, it continues to enjoy the development dividends of the category, with its product market penetration still having room for growth. Alongside the rapid development of high-potential channels such as snack mass merchandise and membership supermarkets, the external environment continues to improve. Additionally, the company is enhancing its automated production line layout, with capacity utilization steadily increasing and profitability expected to be continuously released.

Editor/Rocky