The Huayuan Securities Research Report pointed out that Zhonghu Hi-Tech's Q3 performance increased rapidly, and management reform dividends continued to be released. In 2026, Q1-3 achieved net profit of 611 million yuan, +60.72% year-on-year, and Q3 net profit to mother of 196 million yuan, +59.61% year-on-year. Delicious Fresh Q3 revenue was +7% year over year, soy sauce and other businesses resumed year-on-year growth, and Weizimei continued to contribute. The bank expects the company's net profit to be 7.6/8.6/950 million yuan in 2026-2028, respectively, +41%/+14%/+10% year-on-year, respectively, and the corresponding PE is 20/18/16 times, respectively. In view of the marginal improvement in the company's basic market and the growth of endogenous and epitaxial two-wheel drive, the “buy” rating was maintained.

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