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Tianfeng Securities maintains a buy rating on Chenguang shares: retail capacity continues to improve, Kelip’s revenue +55% year-on-year, and brand power is further strengthened | Daily Economic News

Every time an AI alert is sent,Tianfeng Securities released a research report on March 29 saying that it maintained a buy rating on Chenguang shares (603899.SH, latest price: 48.07 yuan). The reasons for the rating mainly include: 1) The traditional business continues to promote the product structure upgrade, and the omni-channel layout enhances the retail service capability; 2) The retail store business develops steadily and builds a national leading mid-to-high-end cultural and creative grocery retail brand; 3) Kelip business Rapid growth and further strengthening of its influence in the office direct selling market; 4) Effective expense management and changes in business structure have resulted in fluctuations in profitability. Risk warning: The expansion of new businesses such as Kelip and retail stores is less than expected; the new crown epidemic is repeated; macro.

Every headline (nbdtoutiao)——Big changes in the trillion-dollar market: the epidemic forced the acceleration of capitalization, and the third wave of catering companies listed

(Reporter Cai Ding)

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