HK Stock Market Move | WL DELICIOUS (09985) is currently up over 4%, demonstrating a bright future for the spicy braised food industry. The company's products still have a large room for improvement.

WL DELICIOUS (09985) is now up more than 4%, as of the time of writing, an increase of 4.33%, trading at 6.02 Hong Kong dollars, with a turnover of 6.7036 million Hong Kong dollars. Haitong pointed out that the share of spicy snacks in the overall snack food industry has increased from 18.6% in 2016 to 21.0% in 2021, showing a high level of prosperity. Wei Long is one of the fastest-growing and most profitable companies in the Chinese snack food industry. Compared to Three Squirrels Inc.'s revenue of 4.107 billion yuan, Qiaqia sunflower seeds' revenue of 4.512 billion yuan, and Wangwang rice and fruit products' revenue of 5.843 billion yuan, we believe the company's seasoning noodle and vegetable products still have a lot of room for improvement. The bank stated that the company adheres to the product strategy of "multiple categories, large single products", with the profitability of the classic single product of seasoning noodles continuously improving, and the rapid growth of the second curve of vegetable products. In addition, the company's offline channel base is stable, and the company is actively launching customized products for new channels targeting snack retailers.