Joyoung(SZ:002242) Haitong Securities International·2025-11-16 13:04Investment Rating - The report assigns an "Outperform" rating to multiple companies including Pop Mart, Anta Sports, and Haidilao, while Budweiser Asia is rated "Neutral" [1]. Core Insights - The report highlights significant developments in the food and beverage sector, including Luckin Coffee's preparation for relisting in the U.S. and the launch of new store formats by Jiumaojiu Group's hot pot brand [5][6]. - The retail sales data for October shows a total retail sales figure of 46,291 billion yuan, with a year-on-year growth of 2.9%, indicating a slight recovery in consumer spending [5]. Summary by Sections Company Ratings - Key companies rated "Outperform" include: - Pop Mart - Anta Sports - Haidilao - China Feihe - New Oriental Online - Others [1]. Weekly Performance - Top performers in the food and beverage sector include: - Auntea Jenny (+31.4%) - Haidilao (+7.0%) - Underperformers include: - Xiabuxiabu (-13.1%) [2][6]. Industry News - Notable industry news includes: - Luckin Coffee's plans for a U.S. relisting - Sony's production of a Labubu-themed movie - Jiumaojiu Group's new hot pot store opening - Xiabuxiabu's marketing activities leading to a 45% increase in repeat visits from existing members in certain cities [5][6].