BOC Securities gives Anjoy Foods a "Buy" rating: Performance is expected to significantly rebound in Q4 2025, and the company is likely to enter a new operating cycle.

2026-04-08 04:47:42

Everyday Economic News AI Express: On April 7, China Bank Securities released a research report stating that it gives Anjing Foods (603345.SH, latest price: 99.57 yuan) a “Buy” rating. The main reasons for the rating include: 1) In 2025, the company’s core business achieved relatively rapid growth; bakery products contributed incremental gains, and feedback on new products and secondary new products was positive; 2) Its channel diversification strategy is in place: traditional channels maintained steady growth, while specialty channels and new retail channels grew at a high rate; 3) After excluding the impact of goodwill impairment losses, the company’s profitability improved. Risk warning: intensifying industry competition, rising raw material costs, new product promotions falling short of expectations, and consumer recovery falling short of expectations.

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(Reporter Wang Xiaobo)

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