Key Standpoints:
1. Brand structure upgrade is the main driving force for future long-term performance growth; increasing market share is the core driving force in longer term to decrease operating ratio in monopolistic pattern.
2. The company puts emphasis on operation (exterior) and management (interior), which not only boosts short & medium-term profitability, but also further consolidate foundation of long-term investment value; performance turning around in areas suffer loss is a symbolic event.
3. Mid & long-term elements such as 1) brand strategy; 2) development strategy; 3) organization structure and 4) operation management are foundation of long-term investment value and key reason that it is the most valuable A-share listed company in FMCG.
During more than 6 months recently, H-share price exceeds that of A-share, which is quite unusual; over investment opportunities of A-share market will continue.