According to the Wisdom Finance App, U-Presid China (00220) rose more than 3% and, as of the time of publication, rose 3.51% to HKD 6.78 with a turnover of 21.3468 million Hong Kong dollars.

In terms of news, as of June 11th, southbound funds increased its shareholding of U-Presid China by 2.443 million shares for five consecutive days. Previously, China International Capital Corporation pointed out that U-Presid China continues to promote product innovation and actively deploys the sugar-free tea track, launching new products such as 'Chun Fu Green Tea', '900ml Sea Words Electrolytic Water' and 'NFC Tomato Juice'; In recent years, the company's efforts to enhance channel capabilities have gradually shown results. China International Capital Corporation believes that U-Presid China's beverage industry maintains relatively high prosperity and expects its full-year profit margin to recover, bullish on the company's full-year performance.

According to the research reports released by htsc, the company’s senior management stated in an analyst meeting that the overall income of the company in 1Q24 increased by a low double-digit percentage, mainly due to the impact of the Spring Festival and the good sales of the beverage business. The food business also achieved positive growth. Looking ahead to 2024, the company is confident that the beverage business will achieve double-digit growth for the full year, and the food business will also steadily grow with the launch of new products and upgrades of old products.