Core Viewpoint - Baifu Holdings (01488.HK) announced the establishment of a partnership agreement to form Shenzhen Shendianbao, focusing on investment in restaurant projects primarily located in China [1] Group 1: Partnership Agreement - The partnership involves Baifu Holdings' wholly-owned subsidiary Qianhai Youfu, Beijing Shendianbao, Yancheng Baihe, and six other limited partners [1] - The total committed capital for Shenzhen Shendianbao is RMB 50 million, with contributions from various partners [1] Group 2: Investment Focus - Shenzhen Shendianbao aims to specialize in investments in restaurant projects, enhancing the company's industry development layout and acquiring quality investment opportunities and resources [1]

中国发展网讯 石培璋 黄思程 记者罗勉报道 11月7日，潮州市召开"畅游潮州·乐享暖冬"消费季活动新闻发布会， 宣布自2025年11月起至2026年3月底将推出以"四大主题、五大品牌、六大实惠"为核心的一系列促消费活动，打造 一场独具潮州特色的暖冬消费盛宴。 发布会上，潮州市政府副市长陈红政表示，举办这次活动，是潮州市深入学习贯彻党的二十届四中全会精神，锚 定实现全年经济社会发展目标，为经济增长注入强劲动力的一项重要工作，也是更好满足人民群众对美好生活向 往，采取有力措施提振消费、扩大内需的又一务实举措。 本次消费季推出六大优惠举措惠企利民：文旅场所方面，发动全市文旅单位推出超百项优惠，全运会注册人员可 凭证免费进入国有A级景区，旅游住宿提供房价打折优惠，市博物馆实行免预约参观并延长开放时间；餐饮消费 券方面，全省统筹发放"食在广东"消费券，推出全运会专属美食礼遇和潮团联谊年会特色套餐；优惠游潮州方 面，联合美团、携程等平台推出全运会消费券包，上线"跟着赛事去旅行"专题活动；引客入潮方面，落实专项奖 励政策，根据游客来源和过夜人次对旅行社给予奖励，同步提升交通枢纽服务水平；广东优品购方面，对购买电 子产品、新 ...

10月15日，九毛九集团（09922.HK）发布第三季度最新运营表现自愿公告。报告显示，2025年第三季 度太二、怂火锅及九毛九同店日均销售销售额同比分别减少9.3%、19.1%及14.8%。其中，太二和九毛 九的降幅环比二季度收窄，反映出集团在应对当前消费市场变化时所进行的经营调整与品牌升级举措正 逐步显效。 食材"的战略定位，精准回应消费者对食材品质与新鲜度日益提升的关切。截至公告日，太二已落地的 此类新模型餐厅达106家。 公告显示，太二的同店日均销售额同比已连续三个季度持续改善，特别是在北京、上海等一线城市，第 三季度已实现同比正增长。因市场反响良好，集团计划在第四季度加快推广步伐，预计至2025年底将太 二"5.0鲜活模式"餐厅扩张至200家以上。 与此同时，怂火锅在今年聚焦产品与氛围的双重升级，不断丰富鲜货品类，并明确将快乐氛围作为核心 品牌资产，将用餐场景转化为兼具趣味与品质的社交空间，持续强化对年轻客群的吸引力。九毛九西北 菜则进一步在儿童餐饮领域持续发力，通过成立儿童餐研发、开设儿童体验店并植入互动活动，提升家 庭客群的黏性与品牌的市场竞争力。 数据显示，其主要品牌的顾客人均消费水平已连续多 ...

来源：多彩贵州网 为激发消费市场活力、促进经济持续回升向好，11月10日，省政府新闻办召开贵州省扩消费措施新闻发布会，介绍前三季度贵州消费市场情况及扩消费的有 关措施。 贵州省扩消费措施新闻发布会现场 前三季度，贵州省社会消费品零售总额增长3.8%，其中限上消费品零售额增长5.1%、高于全国0.2个百分点。批发和零售业、住宿和餐饮业增加值分别增长 5.7%、5.3%，分别高于全国0.1、0.7个百分点。消费市场呈现五大特点： 商品消费支撑有力。为满足群众品质生活需要，贵州用好国补资金，结合实际持续开展汽车、家电、家居、数码产品、电动自行车等以旧换新活动，通过优 化流程、强化服务、回应关切、宣传引导，让所有符合条件的经营主体参与活动，最大限度满足消费者换新需求。截至11月7日，鼓励消费者汽车换新28.86 万辆，家电、数码、家居换新377.5万件，电动自行车换新8.11万辆，产生消费497.62亿元。前三季度，贵州汽车置换更新申请量、资金兑换率分别居全国第 7位、第2位；限上汽车增长20.7%，限上通讯器材类增长42.6%，限上日用品类增长15.6%。 提振重点领域消费。11月5日起，按照"总额控制、先到先得、 ...

Investment Rating - The report maintains an "Outperform" rating for the social services sector, indicating expected performance above the market index by more than 10% [4][26][29]. Core Insights - The implementation of the new duty-free shopping policy in Hainan has led to a remarkable 35% year-on-year increase in shopping amounts during its first week, with total shopping reaching 506 million CNY [2][18]. - The consumer services sector outperformed the market, with a 4.04% increase during the reporting period, surpassing the Shanghai and Shenzhen 300 Index by 3.65 percentage points [1][13][14]. - The report highlights various initiatives aimed at enhancing consumer spending, including the "Urban Commercial Quality Improvement Action Plan" issued by multiple government departments to stimulate urban commercial vitality [2][19]. Summary by Sections Market Performance - The consumer services sector saw a notable increase of 4.04% from October 27 to November 7, 2025, ranking fifth among all industry indices [1][13][14]. - Key stocks that performed well include Caesar Travel (up 18.39%), China Duty Free (up 12.01%), and Quanjude (up 11.86%) [1][14][15]. Industry and Company Developments - The new duty-free policy in Hainan has expanded the range of duty-free goods to 47 categories, significantly boosting consumer spending [2][18]. - The Ministry of Commerce and other departments have launched a plan to enhance urban commercial structures, aiming to create a more efficient and consumer-friendly shopping environment [2][19]. - Notable corporate actions include Starbucks selling 60% of its Chinese business for 4 billion USD, and Dazhong Dianping committing 30 billion CNY to upgrade its information infrastructure over the next five years [2][22][21]. Stock Holdings Analysis - The report notes changes in stock holdings among key companies, with Haidilao and Tianli International Holdings seeing increases in shareholding percentages [3][25]. Investment Recommendations - The report suggests a focus on companies such as Atour, Huazhu Group, China Duty Free, and Ctrip, among others, for potential investment opportunities [4][26].

对属鼠朋友的建议是：未来半年可以重点关注AI应用、银发经济和县域经济三大领域，这些都是政策 红利与市场需求双轮驱动的赛道。 二、生肖蛇：稳中求胜的财富哲学 去年有位属蛇的读者找我咨询，她在教培行业寒冬时毅然转型做家庭教育咨询，现在月收入反而比之前 高出3倍。这就是典型的蛇式智慧——不盲目跟风，而是深度分析后选择最适合自己的赛道。 属蛇人的财富密码其实很有借鉴价值： 1. 信息敏感度超高：能第一时间捕捉市场变化的蛛丝马迹 2. 资源整合大师：擅长把碎片化机会串联成盈利模式 3. 风险控制专家：即使尝试新领域也会设置安全边际 前两天和一位创业多年的老友喝茶，他半开玩笑地说："有时候挣钱这事儿吧，真得看命。"我下意识地 反驳："哪有什么命不命的，关键还是看眼光和执行力。"但回家后仔细想了想身边那些"财运亨通"的朋 友，确实发现一个有趣的现象——他们当中属鼠、蛇、猴、猪的比例出奇地高。这难道仅仅是巧合吗？ 一、生肖鼠：商机猎手的财富逻辑 我认识一位85年出生的属鼠朋友，他在2013年就发现了微信公众号的红利，2017年转型做短视频，2020 年又all in了直播带货。每次都能踩准节点，现在公司估值早已过亿。 属鼠人 ...

Group 1 - The core viewpoint of the article highlights a significant increase in the stock prices of various restaurant companies, driven by positive consumer price index (CPI) data and recovery in same-store sales following a challenging September [1] - As of the report, Jiamao Jiu (09922) rose by 6.67% to HKD 1.92, Dashih (01405) increased by 4.95% to HKD 80.5, Haidilao (06862) gained 4.82% to HKD 13.69, and Yum China (09987) was up 3.02% to HKD 348 [1] - The National Bureau of Statistics reported that in October, the CPI rose by 0.2% month-on-month and year-on-year, with the core CPI (excluding food and energy) increasing by 1.2%, marking the sixth consecutive month of growth [1] Group 2 - Guojin Securities noted that the restaurant industry faced pressure in September due to public sentiment but has shown signs of recovery since the National Day holiday, indicating a potential rebound in consumer spending [1] - The current restaurant sector is focused on expanding store numbers and improving efficiency, with expectations of strong upward elasticity in consumer recovery [1] - CITIC Securities emphasized that as takeaway subsidies decline, the importance of core competitive advantages, overseas model validation, franchisee empowerment, and industry chain expansion will become more pronounced [1]

Group 1 - Restaurant stocks saw significant gains, with Jiumaojiu (09922) up 6.67% to HKD 1.92, Dashih (01405) up 4.95% to HKD 80.5, Haidilao (06862) up 4.82% to HKD 13.69, and Yum China (09987) up 3.02% to HKD 348 [1] - The National Bureau of Statistics reported that in October, policies aimed at expanding domestic demand continued to show effects, with the Consumer Price Index (CPI) rising 0.2% month-on-month and year-on-year, while the core CPI, excluding food and energy, increased by 1.2%, marking the sixth consecutive month of growth [1] - Guotai Junan Securities noted that the restaurant industry faced pressure in September due to public sentiment, but there has been a recovery in same-store sales since the beginning of October, indicating that the value-for-money dining sector is still in a phase of expansion and efficiency improvement [1] Group 2 - CITIC Securities highlighted that with the tapering of delivery subsidies, the importance of core competitive barriers, overseas model validation, franchisee empowerment, and industry chain expansion will become more pronounced [1]

每经AI快讯，11月10日，港股餐饮股尾盘涨幅进一步扩大，截至发稿，九毛九(09922.HK)涨6.67%，报 1.92港元；达势股份(01405.HK)涨4.95%，报80.5港元；海底捞(06862.HK)涨4.82%，报13.69港元；百胜 中国(09987.HK)涨3.02%，报348港元。 （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint of the report is that based on the performance in Q1-3, the revenue forecasts for Yum China (09987) for 2025-2027 have been adjusted to $11.7 billion, $12.4 billion, and $13.1 billion respectively, with net profit forecasts of $918 million, $989 million, and $1.059 billion for the same period, maintaining a "Buy" rating [1] - In Q3 2025, the system sales increased by 4%, driven by a 4% contribution from net new stores and a 1% same-store sales growth, marking the eleventh consecutive quarter of growth [1] - KFC's system sales, same-store sales, and same-store transaction volume grew by 5%, 2%, and 3% respectively in Q3, with a 33% increase in delivery sales, accounting for 51% of KFC's restaurant revenue [1] Group 2 - As of September 2025, Yum China had a total of 17,514 stores, with KFC and Pizza Hut having 12,640 and 4,022 stores respectively, and a net addition of 1,119 stores in Q1-3, with KFC and Pizza Hut adding 992 and 298 stores respectively [2] - In Q3 2025, there was a net addition of 536 stores, with KFC adding 402 stores and Pizza Hut adding 158 stores, marking a historical high for net new stores in Q3 [2] - The proportion of new franchise stores in the net additions was 29% for Q1-3 and 32% for Q3, indicating a significant acceleration in store openings [2]