Tianfeng Securities stated that this week, the soft drink/pre-processed food/bakery/snack sectors saw significant gains. Against the backdrop of a potentially ongoing tariff war, domestic consumption trends should continue to be monitored. In the snack sector, this week, the "konjac" category performed well, likely due to the ongoing demand boom for konjac products and the potential elasticity for snack companies under the low base of Q2 2025. Additionally, companies like JUEWEI FOOD have launched AI models, while Zhou Hei Ya has initiated innovation research and development, channel expansion, and overseas expansion as three driving forces. New business models and channels are expected to drive incremental performance for the company, and continuous attention is recommended. 2) In the dairy sector, the ongoing introduction of policies such as fertility and milk powder subsidies, rising upstream beef prices, and potential turning points in upstream raw milk logic may continue to stimulate the elasticity of dairy products. In the consumer goods sector, dairy products and snacks continue to be key recommendations, while in the food sector, attention should be paid to three major investment opportunities: "catering," "overseas expansion," and "raw milk turning points." Under the logic of a pro-cyclical environment and declining costs, the consumer goods sector is expected to reach a turning point