餐饮、潮玩及家电行业周报-20251214

Investment Rating - The report assigns an "Outperform" rating to several companies in the discretionary consumption sector, including Pop Mart, Anta Sports, Huazhu Group, Miniso, Atour Group, Li Ning, and Xtep International [1]. Core Insights - The report highlights the ongoing trends and developments in the food and beverage, designer toys, and home appliances sectors, indicating a focus on innovation and market expansion [2][3]. - Key companies are actively engaging in strategic initiatives, such as Yum China's $1 billion share repurchase authorization and Pop Mart's board appointment of a former LVMH executive, which may enhance their market positioning [3][4]. Summary by Category Food and Beverage Sector - Haidilao is testing a new food court hotpot concept in Guangzhou, featuring over 200 products displayed in a market-style layout with clear pricing [2]. - Yum China has increased its share repurchase authorization to $1 billion, with a total remaining authorization of approximately $1.2 billion [3]. - Weekly performance shows Haidilao's stock increased by 5.6%, while other companies like Guo Ming and Nai Xue's Tea experienced slight declines [6]. Designer Toys Sector - Pop Mart's stock has underperformed, dropping by 11.4% this week, despite the appointment of a former LVMH executive to its board [4][6]. - The company showcased its products at the Comic Con Experience in Brazil, highlighting its global expansion efforts [3]. Home Appliances Sector - TCL Electronics and Ecovacs maintained stable stock performance, with slight increases of 2.5% and 0.0% respectively [6]. - Other companies in the sector, such as Gree Electric and Midea Group, experienced minor declines in stock prices [6].