Investment Rating - The report assigns an "Outperform" rating to several companies including Pop Mart, Anta Sports, Haidilao, and China Feihe, while Budweiser APAC is rated "Neutral" [1]. Core Insights - The report highlights significant industry news, including Mixue's acquisition of Fulujia for approximately 297 million RMB, and the launch of new products by Bloks at an exhibition [6]. - Pop Mart's new product series sold out immediately upon release, indicating strong consumer demand [6]. - Xiaocaiyuan reported impressive operating data during the National Day holiday, with over 2.25 million customers served, a 21% year-on-year increase [6]. - Haidilao's average daily consumption of fresh beef exceeded 35 tons during the holiday period, reflecting robust sales performance [6]. Weekly Performance Summary - Key performers in the F&B sector included Guming (+14.8%), Mixue Group (+9.9%), and Xiaocaiyuan (+8.5%), while underperformers included Helens (-5.7%) and Chagee (-6.8%) [7]. - In the trendy toy industry, Bloks saw a rise of 10.1%, while Pop Mart had a modest increase of 1.9% [7]. - The home appliance sector saw declines in companies like Roborock (-5.7%) and TCL Electronics (-7.7%) [7].
餐饮、潮玩及家电行业周报-20251012
Haitong Securities International·2025-10-12 13:32