双节叠加，全区住宿、餐饮市场在文旅融合与夜间经济的带动下强势复苏。第三方监测数据显示， 假期前4天到访广西的外地游客数量较去年同期增长58.5%，本地生活服务消费同比增长21.7%，较节前 一周环比增长111.2%，其中餐饮业、住宿业平台营业额分别同比增长9.1%、52%，夜间消费同比增长 38.6%。 全区通过数字化赋能与场景创新，推动消费全渠道活跃、新业态蓬勃发展。第三方监测显示，假期 前四天广西网络零售额同比增长10.2%，其中非实物网络零售额同比增长21.2%，在线餐饮网零售额同 比增长11%；在线旅游网零售额同比增长21.1%，农产品网络零售额同比增长21%，电动车、洗衣机、 手机等商品销售额分别同比增长307.8%、116.9%、116.9%。 全区各地商务部门加强产销衔接与市场监测，全力保障节日市场供应。假期前四天，全区粮食、食 用油、肉类、蔬菜等生活必需品库存充足，满足市场需求，价格总体平稳。（许丹婷） 10月4日，记者从自治区商务厅获悉，国庆中秋假期前4天，全区消费市场呈现加速回暖、活力迸发 的良好态势。监测数据显示，全区近200家重点监测零售、餐饮企业销售额（营业额）同比增长 11.3%， ...

Group 1 - The fifth National Outlets Fashion Shopping Season officially launched on September 25, 2023, alongside the 2025 National Boutique Department Store Shopping Season, involving over 190 outlets and more than 500 boutique department stores [1][3] - China UnionPay, in collaboration with several banks, has injected over 40 million yuan in consumer subsidies to boost spending during the Mid-Autumn and National Day holiday shopping peak [1][3] Group 2 - The Outlets industry is recognized as a "golden track" in the commercial sector, with 205 quality outlets projected to achieve sales of approximately 180 billion yuan from July 2024 to June 2025, reflecting a year-on-year growth of 8.9% [3] - The customer traffic for the same period is expected to reach nearly 900 million visits, marking a year-on-year increase of 12.5%, indicating a significant dual growth in volume and revenue [3] - Regional outlets in second and third-tier cities are emerging as new growth drivers for the entire industry [3] - The introduction of the "2025 National Boutique Department Store Shopping Season" fills a gap in nationwide promotional activities for the department store sector, leveraging the traditional consumption peak of "Golden September and Silver October" [3]

9月24日，四川绵阳举行熊猫消费节暨国庆中秋促消费活动新闻发布会。红星新闻记者获悉，"双节"期间，绵阳将发放4000万元消费券，还将推出68项文旅 活动。 同时，"科博好物节"等消费活动也同步举办，万达、凯德、百盛各大核心商圈集中展销"绵阳好物"。绵阳还推出强力惠民举措：持科博会、四川城市足球联 赛票根，在绵阳所有A级景区可享首道门票免费；12家星级酒店推出凭四川城市足球联赛票根当晚全网最低价9折，绵州大剧院演出最低6折优惠。 此外，绵阳交管部门还将继续开展柔性执法，对外地来绵车辆首次轻微违章免于处罚，绵阳全市机关事业单位还将提供超过3万个免费停车位。 红星新闻记者 汤小均 编辑 张寻 审核 王光东 ▲发布会现场 绵阳市商务局局长陈崇诺介绍，绵阳安排4000万元的消费券，包括"餐饮潮享""零售潮购""文旅潮游""家电潮焕"，覆盖商户超千家。自9月28日起，通过云 闪付、建行生活App以及线下活动发放。而且，如果持有四川城市足球联赛门票、科博会门票，或者来绵阳的火车票、机票，可以凭票在绵阳市200多家精 选商户享受专属折扣或立减优惠，实现"一票通行、全程有礼"。 此外，绵阳还安排了400万元资金鼓励市场主体举办 ...

Group 1: Business Performance Highlights - The company has strengthened deep operations, launching the first self-operated gold and jewelry street "Yuejin Street" and rapidly achieving results in self-operated projects such as international brands, dining, high-tech, and new energy vehicles [2] - The company is actively exploring light asset output, leveraging its retail management experience to expand light asset operations and has reserved a number of potential projects [2] - The integration of culture, tourism, and sports has been deepened, with various cultural and sports events transforming activity "traffic" into economic "increment" [3] Group 2: Competitive Advantages and Innovations - WS Jiangtun Membership Store has established a differentiated competitive advantage through a four-dimensional system of supply chain construction, member ecosystem, standardized management, and digital systems, with a product variety difference rate exceeding 80% compared to traditional supermarkets [3] - The store has introduced imported goods from over 30 countries and regions, and established a local vegetable supply base to ensure product freshness and uniqueness [3] - The second membership store is set to open in Jiangxia District, Wuhan, with 1,500 popular products available for online ordering [3] Group 3: Expansion and Market Impact - Nanchang Wushang Mall, as the first high-end comprehensive entity outside Hubei, has seen double-digit year-on-year growth in customer traffic, enhancing the commercial quality and supply in Jiangxi [4] - The luxury brand matrix includes watches, jewelry, international beauty products, and clothing, with notable openings such as LV and GUCCI in 2024 [5] - The mall has successfully built a cross-regional influence as a new urban commercial landmark [5] Group 4: Dividend Trends - The company has consistently increased its dividend ratio and frequency over the past three years, with total dividends exceeding 300 million yuan, accounting for 124.94% of the average distributable profit over the last three years [5] - For 2025, the company plans to distribute a cash dividend of 0.75 billion yuan, which is 45.38% of the current net profit, significantly enhancing shareholder returns [5]

Group 1 - The "Enjoy Life, Taste Daxing" second Daxing Food Carnival was officially launched, featuring popular events such as the Daxing Carbohydrate Festival and the "Daxing Flavor · Cultural Creative Tasting Activity" [1] - The Daxing Food Carnival will run from August 15 to August 17, showcasing local and regional delicacies, including various types of noodles and dumplings [1] - The Daxing District Catering Industry Association released the "2025 Daxing Food Map," which highlights representative dining brands and restaurants, providing a comprehensive food guide for residents and tourists [1] Group 2 - Future activities planned include the "Xing Li" Daxing Summer Product Group Purchase, "Xing" Autumn Specialty Agricultural Products Market, "Xing" Winter Hot Pot Festival, and "Xing" Winter New Year Goods Festival, aimed at boosting consumer engagement and supporting high-quality development in Daxing's catering sector [2]

Group 1 - The total retail sales of consumer goods in the province reached 217.68 billion yuan in the first half of the year, with a year-on-year growth of 3.9% [1] - The "old for new" consumption program achieved sales of 15.68 billion yuan, while online retail sales amounted to 27.05 billion yuan, reflecting a year-on-year increase of 10.1% [1][2] - A total of 1.76 million promotional events were held to boost consumption, including themed activities such as "Fragrant Gansu" and "Summer Joy" [2] Group 2 - The province is actively promoting the "old for new" consumption initiative and has optimized the subsidy application system for this program, resulting in 1.693 million applications and 1.52 billion yuan in subsidies disbursed [2][3] - The province is advancing the construction of commercial systems in ten counties and has designated Lanzhou as a pilot city for modern commercial circulation [2] - The provincial commerce department plans to organize various themed consumption activities around key periods such as summer and the Mid-Autumn Festival to further stimulate consumer spending [2][3]

Core Insights - The retail sales and customer traffic in Shanghai's monitored commercial districts showed growth from January to May 2025, indicating a positive trend in consumer spending [1][3]. Retail Performance - The retail sales in 50 monitored commercial districts in Shanghai increased by 2.1% year-on-year from January to May 2025, surpassing the overall growth of social consumer goods retail sales by 0.7 percentage points [3]. - The retail sales during this period reached the highest level since the start of the 14th Five-Year Plan, with 15 commercial districts experiencing a year-on-year growth rate exceeding 10% [3]. Promotional Activities - The "May 5 Shopping Festival" initiated various promotional activities, leading to a vibrant consumer market, with top-performing districts including Lujiazui-Zhangyang Road, Nanjing West Road, and Nanjing East Road in terms of retail sales [3]. - The "Commercial District Boutique Promotion Festival" was introduced this year, featuring diverse marketing activities and discounts to enhance consumer engagement [3]. Consumption Coupons Impact - Seven districts, including Pudong and Huangpu, distributed "commercial district consumption coupons" during the promotion festival, covering nearly 100 shopping malls and over 3,600 brands [5]. - As of June 25, the consumption coupons generated sales amounting to 530 million yuan, with an estimated consumption leverage effect exceeding five times [5]. Overall Market Trends - In May 2025, Shanghai's total retail sales of consumer goods reached 151.67 billion yuan, reflecting a year-on-year growth of 7.5%, with a significant increase of 4.9 percentage points compared to April [5]. - From January to May 2025, the total retail sales amounted to 687.21 billion yuan, with a year-on-year growth of 1.4%, particularly in categories related to commercial districts such as textiles, high-quality food, and daily necessities [5]. Future Outlook - By the end of 2024, 33.4% of Shanghai's 530 centralized commercial facilities are expected to operate at a medium to high level, surpassing the national average of 16.5% [5]. - The city aims to enhance its global competitiveness by developing top-tier commercial districts that serve as landmarks for consumption [5].

Core Viewpoint - The Ministry of Commerce reports significant growth in inbound tourism and consumer spending in April 2025, indicating a positive trend in China's consumption market [1] Group 1: Consumer Market Performance - In April, the total retail sales of consumer goods reached 3.72 trillion yuan, reflecting a year-on-year increase of 5.1% [1] - From January to April, the total retail sales of consumer goods amounted to 16.18 trillion yuan, with a year-on-year growth of 4.7% [1] Group 2: Key Trends in Consumption - There is an acceleration in the growth rate of goods consumption, with strong sales in automobiles, home appliances, and mobile phones [1] - Service consumption continues to expand, with sustained interest in cultural, entertainment, and tourism activities [1] - New consumption trends are emerging, with rapid growth in sales of green, smart, and health-related products [1] - Online consumption is steadily increasing, while physical retail is showing signs of recovery [1]

Group 1 - The consumption market is maintaining steady growth due to the effective implementation of the old-for-new policy and organized promotional activities [1] - In April, the total retail sales of consumer goods reached 3.72 trillion yuan, representing a year-on-year growth of 5.1% [1] - From January to April, the total retail sales of consumer goods amounted to 16.18 trillion yuan, with a year-on-year increase of 4.7% [1]

Core Insights - In April, the retail sales of consumer goods increased by 5.1% year-on-year, with the growth rate accelerating by 0.5 percentage points compared to the first quarter [1] - Retail sales of units above the designated size grew by 6.6%, with an acceleration of 0.8 percentage points from the first quarter [1] Group 1: Policy Impact - The "old-for-new" consumption policy has shown significant effectiveness, contributing to the stable growth of the consumption market [1] - Retail sales of home appliances, cultural and office supplies, furniture, and communication equipment for units above the designated size increased by 38.8%, 33.5%, 26.9%, and 19.9% year-on-year, respectively [1] Group 2: Automotive Sector - According to the Automotive Circulation Association, the retail volume of passenger cars in April increased by 14.5% year-on-year [1] Group 3: Upgraded Goods - Retail sales of upgraded goods such as gold, silver, and jewelry, as well as cosmetics for units above the designated size, increased by 25.3% and 7.2% year-on-year, respectively [1]