Market Overview - On August 15, the hotel and catering sector rose by 1.17% compared to the previous trading day, with *ST Yunwang leading the gains [1] - The Shanghai Composite Index closed at 3696.77, up 0.83%, while the Shenzhen Component Index closed at 11634.67, up 1.6% [1] Stock Performance - The following stocks in the hotel and catering sector showed notable performance: - *ST Yunwang: Closed at 1.88, up 5.03% with a trading volume of 322,600 shares and a turnover of 59.82 million yuan [1] - Shoulv Hotel: Closed at 14.28, up 1.78% with a trading volume of 255,900 shares and a turnover of 361 million yuan [1] - Huatian Hotel: Closed at 3.41, up 1.49% with a trading volume of 240,900 shares and a turnover of 81.97 million yuan [1] - Other notable stocks include Tongqinglou, Jinjiang Hotel, and Junting Hotel, with varying degrees of increase [1] Capital Flow - The hotel and catering sector experienced a net inflow of 4.18 million yuan from institutional investors, while retail investors contributed a net inflow of 16.05 million yuan [1] - The following details highlight the capital flow for specific stocks: - *ST Yunwang: Institutional net inflow of 19.30 million yuan, retail net outflow of 9.30 million yuan [2] - Shoulv Hotel: Institutional net inflow of 15.02 million yuan, retail net outflow of 6.92 million yuan [2] - Huatian Hotel: Retail net inflow of 0.65 million yuan despite institutional net outflow [2] - Other stocks like Xianyin Food and Junting Hotel showed significant retail inflows despite institutional outflows [2]

Market Overview - On August 14, the hotel and catering sector declined by 0.07% compared to the previous trading day, with Quanjude leading the decline [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] Stock Performance - Xi'an Catering (000721) saw a closing price of 68.8, up 3.37% with a trading volume of 510,900 shares and a transaction value of 457 million [1] - Junxi Hotel (301073) closed at 23.25, up 0.74% with a trading volume of 107,000 shares and a transaction value of 25 million [1] - Jinjiang Hotel (600754) closed at 22.42, up 0.04% with a trading volume of 118,700 shares and a transaction value of 267 million [1] - Shoulv Hotel (600258) closed at 14.03, down 0.07% with a trading volume of 238,700 shares and a transaction value of 337 million [1] - Tongqinglou (605108) closed at 19.48, down 0.87% with a trading volume of 49,900 shares and a transaction value of 98 million [1] - Jinling Hotel (601007) closed at 7.60, down 1.30% with a trading volume of 166,500 shares and a transaction value of 128 million [1] - Huatian Hotel (000428) closed at 3.36, down 1.47% with a trading volume of 264,600 shares and a transaction value of 90 million [1] - ST Yunwang (002306) closed at 1.79, down 1.65% with a trading volume of 187,900 shares and a transaction value of 33.8 million [1] - Quanjude (002186) closed at 4.11, down 1.66% with a trading volume of 90,400 shares and a transaction value of 103 million [1] Capital Flow - The hotel and catering sector experienced a net inflow of 25.22 million from institutional investors, while retail investors saw a net outflow of 37.14 million [1] - The detailed capital flow for individual stocks shows that Xi'an Catering had a net inflow of 25.47 million from institutional investors, while Quanjude had a net outflow of 8.37 million [2]

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 301073 君亭酒店 | | 1136.69万 | 10.35% | -614.57万 | -5.60% | -522.12万 | -4.76% | | 002306 *ST云网 | | 325.62万 | 10.82% | -222.58万 | -7.39% | -103.04万 | -3.42% | | 605108 | 同庆楼 | 156.55万 | 2.95% | -262.61万 | -4.96% | 106.05万 | 2.00% | | 000721 西安饮食 | | 14.89万 | 0.18% | -25.12万 | -0.30% | 10.23万 | 0.12% | | 002186 全聚德 | | -11.01万 | -0.13% | -295.57万 | -3.63% | 306.57万 | 3.76% | | 000428 华天酒店 | | ...

Core Insights - The restaurant industry is experiencing a strong recovery, with several listed companies reporting significant profit growth in the first half of the year, driven by effective consumption promotion policies [1][2]. Group 1: Company Performance - Xiabuxiabu, a leading hot pot chain, reported a 32.0% year-on-year increase in revenue to RMB 2.8461 billion in the first half of 2023, achieving a profit of RMB 2.12 million after a loss of RMB 278.2 million in the same period last year [2]. - Tongqinglou's half-year report showed a revenue of RMB 1.082 billion, a 45.18% increase year-on-year, with net profit soaring by 589.46% to RMB 146 million [2]. - Quanjude achieved a revenue of RMB 668 million, a 104.06% increase year-on-year, and a net profit of RMB 28 million, marking a 118.28% increase and a return to profitability [2]. - Guangzhou Restaurant Group reported a revenue of RMB 1.745 billion, a 22.57% increase year-on-year, with a net profit of RMB 76.16 million, up 39.86% [2]. Group 2: Pre-made Dishes Market - The pre-made dishes market is being actively developed, with government policies supporting the expansion of restaurant services and the establishment of pre-made dish bases [3][4]. - Delisi, a leader in the pre-made dishes sector, reported a revenue of RMB 1.543 billion, a 9.91% increase year-on-year, with a net profit of RMB 25.32 million, up 6.67% [4]. - Anjiexin, a frozen food leader, achieved a revenue of RMB 6.894 billion, a 30.7% increase year-on-year, with a net profit of RMB 735 million, up 62.14% [4]. - Chunxue Foods reported a revenue of RMB 1.377 billion, a 22.53% increase year-on-year, with pre-made chicken products sales reaching 29,000 tons, a growth of 11% [4]. Group 3: Market Outlook - Huaxi Securities noted a strong recovery momentum in the restaurant market, with leading companies showing improved profitability due to strong brand power and management capabilities [5]. - Shouchuang Securities believes that the restaurant consumption market is steadily recovering, with strong potential for further growth in the future [5].

Core Viewpoint - The company reported significant growth in revenue and net profit for the first three quarters of 2023, driven by new store openings and innovative product offerings [1][2]. Financial Performance - For the first nine months of 2023, the company achieved a revenue of 1.09 billion yuan and a net profit of 71.74 million yuan, representing year-on-year increases of 93.15% and 140.90% respectively [1]. - In the third quarter alone, the company recorded a revenue of 422 million yuan and a net profit of 43.83 million yuan, with year-on-year increases of 78.09% and 292.98% respectively [1]. Market Strategy and New Projects - The company has focused on innovation and expansion, launching three new flagship stores that have positively impacted revenue and customer satisfaction [2][3]. - The new projects include "Chinese Unique: Sky Courtyard" at the Peace Gate, "Central Axis Food Gift" at the Front Gate, and "Palace Joy Dragon and Phoenix" at Wangfujing, all of which have received high ratings and awards [2]. Product Development and Diversification - The company has introduced a variety of new products, including the hand-made sliced roast duck 3.0 version and over ten short shelf-life products, which have gained consumer recognition [4]. - A new sub-brand "Zero Research Institute" has been launched to enter the leisure food market, focusing on delicious and healthy snacks [4]. Cultural Engagement and Brand Image - The company is leveraging its traditional cultural heritage to appeal to younger consumers, utilizing digital technology and interactive marketing strategies [5][6]. - The brand has developed various cultural and creative products, which have seen strong sales during the holiday season, reflecting its trendy image [6]. Operational Focus - The company is shifting its focus from relying on tourism to engaging local consumers, with positive feedback from new direct-operated stores [6]. - The company aims to enhance its offerings through personalized and youthful upgrades in decor and menu innovation, aligning with market demand changes [6].

Summary of Key Points Core Viewpoint - The 2024 A-share Secretary Data Report indicates that the total salary of A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 700,000 yuan, highlighting the significant role of secretaries in connecting investors and listed companies [1]. Salary Overview - The average salary of secretaries in the social services - hotel and catering industry is approximately 573,400 yuan, with the highest salary being 1.7522 million yuan for Duan Zhongpeng from Shoulu Hotel [1]. - The average salary increased by 5,100 yuan compared to 2023, representing a 7% growth [1]. - Tang Ying from Quanjude received a salary of 623,400 yuan in 2024, an increase of 239,400 yuan from 384,000 yuan in 2023, marking a 62% rise [1]. Age Structure - The average age of secretaries is approximately 48.22 years, with the majority (67%) aged between 50-59 years [1]. - The oldest secretary is Duan Zhongpeng from Shoulu Hotel, aged 57, while the youngest is Qin Jian from *ST Yunwang, aged 38 [1]. Educational Background - Among the secretaries, there are 4 with master's degrees and 5 with bachelor's degrees, with average salaries of 746,500 yuan and 435,000 yuan, respectively [1]. Compliance Issues - Only one instance of a warning letter was issued to the secretary of *ST Yunwang for inaccuracies in multiple data points in the periodic report [2].

专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。新浪财经《2024年 度A股董秘数据报告》显示，2024年A股上市公司董秘薪酬合计达40.86亿元，平均年薪75.43万元。 分行业来看，社会服务-酒店餐饮行业（申万二级行业）上市公司董秘2024年薪酬平均数约为57.34万 元。其中薪酬最高为首旅酒店段中鹏，2024年薪酬高达175.22万元；薪酬最低为西安饮食梦蕾，2024年 薪酬为24.83万元（统计剔除了未完整领取2024年全年薪酬的董秘）。从整体薪酬分布来看，薪酬在从 整体薪酬分布来看，薪酬在50万元以下人数最多，共计6人，占比67%。 从违规情况来看，仅*ST云网覃检董秘2024-2025年收到1次警示函。其违规事项为在定期报告多项数据 的期初期末余额有误。 责任编辑：公司观察 从年龄结构来看，董秘的年龄平均数约为48.22岁，其中50-59岁最多，人数共6人，占比约67%。其中， 年龄最大的为首旅酒店段中鹏，年龄为57岁；年龄最小的为*ST云网覃检，年龄为38岁，2024年薪酬为 25.5万 ...

作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平 分行业来看，社会服务-酒店餐饮行业（申万二级行业）上市公司财务总监CFO 2024年薪酬平均数约为112.96万元。其中薪酬最高为首旅酒店李向荣，2024年薪酬高达565.02万元，该薪酬水 从年龄结构来看，财务总监CFO的年龄平均数约为51.5岁，其中50-59岁最多，人数共5人，占比约63%。其中，年龄最大的为金陵饭店史红伟，年龄为57岁，2024年薪酬为56.70万元；年龄最 从学历分布来看，博士、硕士、本科分别为1人、3人、4人，对应平均薪酬分别为84.04万元、229.93万元、32.46万元。锦江酒店艾耕云为博士学历，年龄54岁，2024年薪酬为84.04万元 从公司业绩及薪酬关系来看，财务总监CFO作为公司高管，其薪酬应与公司业绩挂钩，形成一定激励，驱动高管为公司盈利发力，然而行业内却出现了薪酬与公司业绩倒挂的情况：全聚德石磊2 责任编辑：公司观察 专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪 ...

Core Insights - The total compensation for CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] - The highest-paid CFO in the hotel and catering industry is Li Xiangrong from ShouLv Hotel, earning 5.65 million yuan, ranking eighth in the overall market [1] - The lowest-paid CFO is Tian Baiqian from Xi'an Catering, with a salary of 261,600 yuan [1] Salary Distribution - The average salary for CFOs in the hotel and catering industry is approximately 1.13 million yuan, with the majority (50%) earning below 500,000 yuan [1] - The age distribution shows an average age of 51.5 years for CFOs, with the largest group (63%) aged between 50-59 years [3] - The oldest CFO is Shi Hongwei from Jinling Hotel, aged 57, earning 567,000 yuan, while the youngest is Xie Caiping from Huatian Hotel, aged 45, with a salary of 375,000 yuan [3] Educational Background - The educational background of CFOs includes 1 PhD, 3 Master's, and 4 Bachelor's degrees, with average salaries of 840,400 yuan, 2.30 million yuan, and 324,600 yuan respectively [5] - Ai Gengyun from Jinjiang Hotel, holding a PhD, is 54 years old and earns 840,400 yuan, making him the second highest-paid in the industry [5] Performance and Compensation Relationship - There is a noted disconnect between CFO compensation and company performance, with instances of salary increases despite declines in net profit [7] - For example, Shi Lei from Quanjude received a salary of 680,800 yuan, a 52% increase, while the company's net profit fell by 43.2% [7] - Similarly, Zhang Yong from Junting Hotel earned 331,700 yuan, a 19% increase, despite a 17.4% drop in net profit [7]

Core Insights - The report highlights the significant role of CFOs in listed companies, with the total salary scale for CFOs in A-share companies reaching 4.27 billion yuan in 2024, averaging 814,800 yuan per year [1] Salary Distribution - The average salary for CFOs in the hotel and restaurant industry is approximately 1.13 million yuan, with the highest salary being 5.65 million yuan for Li Xiangrong of Shoulu Hotel, ranking eighth in the market [1] - The lowest salary recorded is 261,600 yuan for Tian Baiqian of Xi'an Catering, with 50% of CFOs earning below 500,000 yuan [1] Age Structure - The average age of CFOs is about 51.5 years, with the majority (63%) aged between 50-59 years [3] - The oldest CFO is Shi Hongwei from Jinling Hotel at 57 years, earning 567,000 yuan, while the youngest is Xie Caiping from Huatian Hotel at 45 years, earning 375,000 yuan [3] Educational Background - The educational distribution shows 1 PhD, 3 Master's, and 4 Bachelor's degrees among CFOs, with average salaries of 840,400 yuan, 2.30 million yuan, and 324,600 yuan respectively [5] - Ai Gengyun from Jinjiang Hotel, holding a PhD, is 54 years old and earns 840,400 yuan, ranking second in the industry [5] Performance and Salary Relationship - There is a concerning trend where CFO salaries do not align with company performance, as seen with Shilei from Quanjude, whose salary increased by 52% to 680,800 yuan despite a 43.2% decline in net profit [7] - Similarly, Zhang Yong from Junting Hotel saw a 19% salary increase to 331,700 yuan while the company's net profit fell by 17.4% [7]