Jin Rong Jie·2026-02-04 03:01Core Viewpoint - The retail sector is experiencing a strong performance, with several companies showing significant stock price increases, driven by government initiatives to boost consumer spending during the Spring Festival [1][2]. Group 1: Stock Performance - Hangzhou Xie Bai (600814) saw a stock price increase of 10.00%, reaching 8.91 [2] - Youhao Group (600778) increased by 9.94%, with a current price of 7.96 [2] - Hemei Group (002356) rose by 5.87%, now priced at 4.15 [2] - Yinzuo Shares (600858) gained 5.39%, currently at 7.04 [2] - Dongbai Group (600693) increased by 3.88%, priced at 15.79 [2] - Maoye Commercial (600828) rose by 3.63%, with a price of 7.13 [2] - Other companies like Ouyagroup (600697), Baida Group (600865), Hebai Group (000417), and Zhongxing Xiaye (000715) also showed positive stock performance [2]. Group 2: Government Initiatives - The Ministry of Commerce and nine other departments issued the "2026 'Legou New Spring' Special Activity Plan," which encourages localities to increase the number of subsidies for replacing old consumer goods during the Spring Festival and to enhance support for offline retail [1][3]. Group 3: Company Developments - Hangzhou Xie Bai has been actively improving its business model through continuous adjustments in operations, scene renewal, and marketing innovation, achieving increases in customer flow and sales per unit area [3]. - The company reported that its restaurant and entertainment sectors now account for over 50% of its business, with retail, dining, and experiential sectors each representing approximately 40%, 20%, and 40% respectively, and an overall leasing rate exceeding 90% [3]. - Hangzhou Xie Bai has also made small indirect investments in aerospace technology companies, which are gaining traction in the A-share market [3].