According to the CITIC Securities Research Report, the 2027 mass goods sector proposal focuses on three main lines: 1. Competition mitigation dimensions. Considering the gradual rise in raw material costs, the improvement of surplus products, and the stabilizing channel structure, I am optimistic that competition in the food supply and dairy industries will slow down across the board. The mass snack industry is expected to slow down in 2027, and it is believed that competition among leading mass snack sellers will also become stable and manageable. 2. High dividend dimension: Considering that leading Volkswagen companies continue to maintain a steady increase in share, stable fundamentals and abundant free cash flow, leading Volkswagen companies have the ability to maintain high dividends. 3. Dimensions of healthy growth: Consumer demand for healthy food is expected to continue to grow in 2027. Low GI, low sugar & no sugar, high protein, high fiber, sports and health are worth paying attention to.

According to the CITIC Securities Research Report, the 2027 mass goods sector proposal focuses on three main lines: 1. Competition mitigation dimensions. Considering the gradual rise in raw material costs, the improvement of surplus products, and the stabilizing channel structure, I am optimistic that competition in the food supply and dairy industries will slow down across the board. The mass snack industry is expected to slow down in 2027, and it is believed that competition among leading mass snack sellers will also become stable and manageable. 2. High dividend dimension: Considering that leading Volkswagen companies continue to maintain a steady increase in share, stable fundamentals and abundant free cash flow, leading Volkswagen companies have the ability to maintain high dividends. 3. Dimensions of healthy growth: Consumer demand for healthy food is expected to continue to grow in 2027. Low GI, low sugar & no sugar, high protein, high fiber, sports and health are worth paying attention to.