On January 2, Gelonghui reported that Guosheng Securities' Research Reports pointed out that Hla Group Corp. (600398.SH) is the leading brand for mass men's clothing, which has recently expanded its Business management operations, opening up growth potential, while the high dividend yield is attractive (the dividend payout ratio has reached over 85% from 2021 to 2023). Considering the current changes in the company's new Business, it is expected to open up medium to long-term growth potential, and the rating has been adjusted to 'Buy'. In the short term, the company's performance in 2024 is under pressure, with profits expected to decline mainly due to an increase in the sales expense ratio. Overall, it is estimated that the company's revenue for the entire year of 2024 will remain basically stable year-on-year, while profits will decline year-on-year. Looking ahead to 2025: it is anticipated that the main brand will operate steadily in 2025, and profit quality will recover, with the expectation that the Business management operations will drive strong revenue growth for Other brands.