Haitong International's research report indicates that YIHAI INTL has a clear operating strategy for 2026, focusing on structural optimization rather than scale expansion. The company aims to deepen its B-end business, maintain high growth in overseas operations, and stabilize the instant food segment. The broker believes that YIHAI INTL's costs and capital expenditures will remain controlled, leading to a steady recovery in earnings quality and supporting resilient growth in results. As a result, the target price has been raised, and the Outperform rating is maintained.
