Group 1 - The restaurant industry in China is undergoing a significant transformation, with a national average closure rate of 22.66% for restaurants from 2024 to 2025 [1] - Major cities like Beijing, Shanghai, Guangzhou, and Shenzhen have a restaurant closure rate of 35%, while third-tier cities and above have an overall closure rate of approximately 32% [3][1] - The average per capita consumption in the restaurant sector has declined, with a national average of 33 yuan in Q3 this year, representing a 23.6% decrease compared to two years ago [3][1] Group 2 - Beijing is the only city where per capita restaurant consumption exceeds 100 yuan, with a figure of 124.3 yuan, which is 1.7 times higher than Shanghai [6] - Among 45 key cities, only eight have per capita restaurant consumption above 50 yuan, indicating a concentration of higher consumption in cities with greater disposable income [6] - 80% of key cities have per capita restaurant consumption below 50 yuan, with cities like Nanchang and Xining showing consumption levels below 40 yuan [10] Group 3 - The number of high-end restaurants (above 500 yuan per capita) in Shanghai has decreased from 2,700 to 1,300, a reduction of 52% from January to April 2025 [14] - Profit margins for restaurant businesses in Beijing and Shanghai have dropped by over 50% compared to two years ago, with significant increases in operational costs [15] - The new social security regulations have forced many restaurant owners to control labor costs strictly, impacting their operational strategies [15]