Panda Dairy: The price of coconut product raw materials began to decline in the second half of last year and has now stabilized within a reasonable cost range.

```htmlGolden Ten Data reported on May 20 that during an analyst meeting, Panda Dairy stated that the price of raw materials for coconut products began fluctuating last year. Hainan has a well-developed initial coconut processing industry chain, and raw material prices are mainly affected by climate, labor, and international conditions in Southeast Asia. However, prices began declining in the second half of last year and are now within a reasonable cost range. The main clients for coconut products are tea-drink businesses, with end applications in coffee products. The old factory is operating at full capacity, and the new factory is expected to begin production in July or August, after which the production capacity for coconut products can double. There are currently some potential orders, mainly for TOB raw materials, and significant contributions to performance may be reflected next year. Furthermore, under the premise of mature channels and products in the future, some retail products may also be produced.```