Huabao Limited recently stated during an institutional research meeting that regarding the future development trends of HNB (Heat-not-Burn), under the trend of diversification and harm reduction in the global consumer goods market, global HNB will continue to maintain rapid growth. The company will continue to pay attention to the international and domestic development trends and market opportunities of HNB, leveraging its core advantages to deeply develop HNB-specific flavors with high thermal stability and sustained-release effects, accelerating the application of HNB-specific flavors in cigarette core materials, three-dimensional fragrance carriers, and global patent layout. At the same time, the company has also been closely monitoring the rapidly growing market opportunities for international oral tobacco and actively participating in international clients' oral tobacco technology innovation projects