餐饮、潮玩及家电行业周报

Investment Ratings - The report assigns an "Outperform" rating to multiple companies including Pop Mart, Anta Sports, Haidilao, and Midea Group, while Budweiser Asia is rated "Neutral" [1]. Core Insights - The report highlights significant growth in the F&B sector, with Chagee reporting a total net income of 3.39 billion RMB for Q1 2025, a year-on-year increase of 35.4% [5]. - Pop Mart has suspended sales of its Labubu products in the UK due to safety concerns following an incident at a shopping center [5]. - Miniso has launched its original IP "Gift Family," aiming to engage urban youth through immersive experiences [5]. - Cotti Coffee has commenced operations at its Phase II roasting project, which is the largest single roasting facility in Asia with an annual capacity of 75,000 tons [5]. - The home appliance industry has seen a trade-in initiative that generated sales of 174.5 billion RMB from January to April 2025 [5]. Weekly Performance Summary - In the F&B sector, Nayuki's Tea saw a weekly increase of 9.7%, while Chagee and Tongqinglou both decreased by 5.4% [6]. - In the designer toys sector, Pop Mart had a slight increase of 0.3%, while Miniso experienced a decline of 6.9% [6]. - The home appliance sector showed JS Global Life and Vatti with increases of 1.0% and 0.5% respectively, while Ecovacs and Roborock both decreased by 6.4% [6].