BoCom International published a research report, pointing out that Jiadoubao, China's largest herbal tea operator, lost the trademark case of Wang Laoji, which will have a negative impact on its herbal tea sales, thus creating a good opportunity for the underachievers in the herbal tea industry (including overlord) to race horse enclosure and seize market share. At the same time, the bank pointed out that the haze about the production date of Bawangliang will soon dissipate.

BoCom International maintained its profit forecast for Bawang and reiterated the company's five major share price catalysts. Based on the forecast of Bawang's sales per share in 2013, the investment rating of Bawang "Buy" and the target price of 1.2 yuan are reiterated.