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Lou Hong

Managing Director and Senior Analyst at CICC

Lou Hong is a Managing Director and Senior Analyst at CICC, specializing in consumer and retail sector research with a deep coverage on Chinese companies such as Midea Group, Haier Smart Home, and Gree Electric. Recognized for consistently astute investment calls, Lou Hong holds a top ranking among Asia equity analysts and has achieved success rates above 65% with proven outperformance in stock selection, as highlighted by multiple Institutional Investor recognitions. Joining CICC in 2015, Lou previously held research roles at other prominent Chinese investment banks and has steadily advanced through the analyst ranks since beginning their career in the industry over a decade ago. Lou Hong is certified by China Securities Regulatory Commission and holds relevant securities licenses, establishing a reputation for thorough fundamental analysis and market insight.

Lou Hong's questions to Dingdong (Cayman) (DDL) leadership

Lou Hong's questions to Dingdong (Cayman) (DDL) leadership • Q4 2024

Question

Following up on product strategy, Lou Hong asked for examples of strong products developed using Dingdong's own internal supply chain, including its food research, development, and processing factories.

Answer

Founder and CEO Liang Changlin detailed that Dingdong's core strategy is driven by its product development capabilities, supported by a comprehensive independent R&D and production system. He highlighted their self-operated factories, which are transitioning into product brand companies. An example given was a private label that recreates regional specialties, managing the entire closed-loop process from R&D to mass production. These products are also sold externally through channels in over 30 countries and regions.

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