CICC is optimistic about the company, believing that its ref...

CICC is optimistic about the company, believing that its refined operation, resource endowment for high-quality wine stores, expansion of group buying channels, and high growth in the sub-high-end market will all drive a year-on-year increase in gross margin. Excellent structural upgrades and high-quality growth sustainability, as well as cost savings brought about by low-cost substitution and refined operation, may drive the company's revenue and profit growth.