Group 1 - The recent controversy involving Luo Yonghao criticizing Xibei's pre-made dishes has gained significant attention, with Luo offering a reward of 100,000 yuan for information related to Xibei's pre-made dishes [1][3] - Luo Yonghao noted that over 90% of online sentiment is against Xibei, while only about 10% is critical of him, indicating a strong public backlash against Xibei [3] - Xibei has launched a "Luo Yonghao Menu" in all its stores, allowing customers to choose dishes that Luo has previously ordered, with a commitment to refund if the food is unsatisfactory and an invitation for customers to observe the cooking process [3] Group 2 - Xibei has applied for patents related to pre-made food, including a filling device and packaging equipment for tofu, with the patents granted in 2025 [4] - The company, Beijing Xibei Natural Pie Food Technology Development Co., Ltd, was established in August 2017 with a registered capital of 20 million yuan, fully owned by Inner Mongolia Xibei Catering Group Co., Ltd [5][6] Group 3 - Xibei is currently facing operational challenges, with reports indicating a decline in revenue as of May 2025, reflecting a broader industry trend of decreasing sales among major restaurant brands [8][9] - The restaurant market is under pressure, with significant declines in revenue reported in major cities like Beijing and Shanghai, where restaurant income fell by 3.6% and 2.9% respectively in the first seven months of the year [10]

Core Viewpoint - The article highlights the entrepreneurial opportunities in Hainan's free trade port, particularly for young people from Hong Kong, as they find innovative ways to establish businesses in the region [1]. Group 1: Entrepreneurial Landscape - The variety of international cuisines in Hainan has increased, reflecting a growing market for diverse dining options [1]. - The entrepreneur,阮锦贤, has successfully expanded his brand "茶与包" to 32 locations across China, indicating a strong demand for his offerings [4]. - Hainan's free trade port is seen as a fertile ground for small and medium enterprises to innovate and grow, contrasting with larger companies that focus on major cities [4]. Group 2: Business Development -阮锦贤 emphasizes the importance of connecting local culture with fresh concepts to attract customers in different cities [4]. - The region's increasing international and regional flight connections, along with easier residency permit processes for Hong Kong and foreign nationals, showcase Hainan's commitment to openness [7]. - The establishment of support platforms like the Hainan Hong Kong and Macao Youth Innovation and Entrepreneurship Service Center provides essential resources for newcomers to navigate local policies and project implementation [7]. Group 3: Future Prospects - The upcoming full island closure operation on December 18 is expected to enhance economic exchanges and increase personnel mobility in Hainan [7]. -阮锦贤 plans to introduce new dining concepts aimed at serving the emerging talent pool in Hainan, indicating a proactive approach to meet evolving market demands [7].

9月11日，西贝创始人贾国龙在回应"预制菜"风波的新闻发布会后，接受媒体采访时态度坚决地表 示："一定会，我们一定会起诉他，一定一定会起诉他！"他强调罗永浩的言论对西贝造成了巨大伤害， 并明确表示会采取法律手段解决。 次日（9月11日），西贝创始人贾国龙迅速做出回应。在北京门店召开的媒体沟通会上，贾国龙明确表 示："西贝门店没有一道是预制菜。" 一场关于预制菜的争议迅速升级为法律威胁，西贝创始人用三个"一定"强调起诉决心，罗永浩则用一 句"高科技"反讽回应。 当晚，罗永浩通过微博简短回应："好，来吧。能把现做的菜做得全是重新加热的味道，这肯定是高科 技了。" 这场风波的起因是9月10日罗永浩在社交平台公开发文批评西贝："好久没吃西贝了，今天下飞机跟同事 吃了一顿，发现几乎全都是预制菜，还那么贵，实在是太恶心了。" 他还呼吁"希望国家尽早推动立法，强制饭馆注明是否用了预制菜。" 贾国龙宣布从9月12日开始，西贝全国370多家门店将面向所有消费者开放后厨。 "消费者可以在保证卫 生标准的前提下参观任何一道菜品的制作过程"。 同时，贾国龙明确表示"不会对骂"，而是会选择诉诸法律。 他认为罗永浩作为具有影响力的人物， ...

Core Viewpoint - The chairman of Xibei, Jia Guolong, emphasized that "pre-prepared processes are not the same as pre-prepared dishes," clarifying that pre-prepared dishes are fully cooked and only need to be heated in restaurants, while semi-finished products that require further cooking at home do not qualify as pre-prepared dishes [1][1]. Group 1 - Jia Guolong stated that the restaurant industry does not shy away from pre-processed dishes, but insisted that Xibei does not serve pre-prepared dishes according to national definitions, claiming "not a single dish is pre-prepared" [1][1]. - The controversy arose after Luo Yonghao criticized Xibei, claiming that most of its dishes are pre-prepared and expressed a desire for legislation requiring restaurants to disclose the use of pre-prepared dishes [1][1]. - Jia Guolong responded to Luo Yonghao's comments, describing them as "disgusting" and damaging to the brand [1].

Core Insights - Shanghai has become a strategic choice for international brands amid global economic challenges, attracting foreign investment and prompting local companies to transform and adapt [1][2][13]. Group 1: Market Trends - Consumer demand is shifting towards rationality, with a focus on intrinsic product quality and actual service value [2]. - The competition landscape is evolving from mere scale expansion to a "value creation" competition, emphasizing who can deliver more value to consumers [2]. Group 2: Foreign Investment and Brand Strategies - From January to May this year, Shanghai attracted 364 new stores, including 10 global and Asian flagship stores, with high-energy flagship stores accounting for over 20% [4]. - IKEA has repositioned its brand in China, focusing on emotional value in home living and launching various local initiatives, including a significant investment of 160 million RMB for over 150 lower-priced products by fiscal year 2026 [4][5]. - Swire Coca-Cola plans to increase its investment in China, with projects like a new factory in Suzhou and an expansion in Zhengzhou, with a total investment of no less than 900 million RMB [11]. Group 3: Economic Performance - Shanghai's retail sales of consumer goods reached 826.04 billion RMB from January to June, showing a year-on-year growth of 1.7% [9]. - The Chinese perfume market is expected to grow significantly, with a projected market size of 24.9 billion RMB in 2024 and an estimated compound annual growth rate of 8% until 2028 [11]. Group 4: Policy and Institutional Support - Shanghai's unique advantages include an open institutional environment and a strong consumer base, with nearly 1,000 multinational company regional headquarters and over 70 international consumer brand headquarters [13]. - The city has introduced policies to encourage the "first launch economy," including a "white list + differentiated qualification assessment" customs model, which has attracted numerous brands to apply for entry [13][14]. - Recommendations have been made to enhance local high-end brand development through policy support, funding, and talent cultivation to boost their international influence [15].

Group 1 - Leshan has received over 100 million domestic tourists and achieved a service industry added value exceeding 100 billion yuan since the start of the 14th Five-Year Plan, positioning itself as a leading city in cultural tourism within the province [1] - The city is accelerating its development into an international tourism city, with new business formats and scenarios emerging, as highlighted during a recent press conference [1] - The press conference was held at the Emei Mountain Distillery Experience Center, signaling a shift towards integrating culture, dining, and hospitality in tourism [1] Group 2 - The new cultural tourism business format includes the establishment of a paper-making industry base in Jiajing County, which has attracted nearly 10,000 visitors in the first half of the year [2] - Efforts are being made to modernize traditional cultural expressions, such as Emei martial arts, by integrating them with contemporary elements and storytelling [2] - Leshan is implementing a "three-year attack plan" focusing on cultural heritage protection, international product recreation, and enhancing tourism environments, aiming to triple the number of inbound tourists and the value of cultural and related industries [2] Group 3 - The city is enhancing its culinary offerings, with local dishes like Qiaojiao beef and West Ba tofu being highlighted as key attractions for tourists [4] - Leshan is promoting a shift from scenic area tourism to a more comprehensive experience-based tourism, with initiatives like the Emei Mountain Distillery Experience Center exemplifying this approach [4] - The city aims to establish itself as a "World-Class Tourist Destination" and "World Food Capital" within three years, focusing on cultural creativity, entertainment, and wellness tourism [4]

Group 1 - The core viewpoint indicates a decline in the current value of catering revenue for nationwide limited enterprises in June 2025, with a month-on-month decrease of 0.17% and a year-on-year decrease of 0.4% [1] - Cumulative catering revenue for nationwide limited enterprises from January to June 2025 reached 799.63 billion, reflecting a year-on-year growth of 3.6% [1] Group 2 - The data source for the statistics on catering revenue is the National Bureau of Statistics [2]

Core Viewpoint - Jiamaojiu (09922) has experienced a significant decline in stock price, dropping over 3% following the release of its mid-year results for 2025, indicating ongoing challenges in the restaurant industry [1] Financial Performance - The company reported a revenue of 2.753 billion yuan, representing a year-on-year decrease of 10.1% [1] - The profit attributable to equity shareholders was 60.691 million yuan, down 16% compared to the previous year [1] Same-Store Sales - The same-store sales growth rates for the company's main brands were as follows: Taier at -19.0%, Song Hotpot at -20.1%, and Jiamaojiu at -19.8% [1] Store Closures - In the first half of the year, the company closed a net total of 88 stores, primarily due to the expiration of lease agreements and underperformance of certain restaurants [1] Analyst Revisions - Morgan Stanley has revised its earnings per share forecasts for Jiamaojiu for 2025 to 2027 down by 9%, 6%, and 10% respectively, reflecting weaker-than-expected demand year-to-date [1] - The target price has been adjusted from 2.3 HKD to 2.1 HKD, maintaining a "Reduce" rating [1] Market Impact - The company is expected to face selling pressure in the short term due to its removal from the Hang Seng Composite Index effective September 8, which will exclude it from the Hong Kong Stock Connect program [1] - As of August 22, southbound funds held 311.7 million shares, accounting for 22.3% of the total share capital and 44.4% of the free float [1]

Core Points - The Shanghai Municipal Commission of Commerce is launching a new round of the 2025 "Le Pin Shanghai" dining consumption vouchers, with registration from August 23 to August 25 [1][3] - The vouchers will be distributed through an "online registration and lottery" system, with consumers allowed to register once per platform [3][15] - The consumption vouchers come in three denominations: 90 yuan for a minimum spend of 300 yuan, 180 yuan for a minimum spend of 500 yuan, and 400 yuan for a minimum spend of 1000 yuan [6][11] Distribution Details - Consumers can register for the vouchers via three platforms: UnionPay Cloud Flash Payment, Alipay, and WeChat [8][9] - The lottery results will be announced by August 27, and the vouchers will be credited to the respective platform accounts by August 29 [6][17] Usage Rules - Vouchers can be used from September 1 to September 30, and they can be combined with merchant discounts [11][23] - Each consumer can only register for one voucher per platform per round, and vouchers cannot be transferred or used for purchasing group coupons or prepaid cards [13][24] Participation Guidelines - Consumers located in Shanghai can apply for the vouchers, including those from other provinces or foreign countries, as long as their location is detected in Shanghai [25][26] - Participating merchants must be licensed and have a good credit record, with registration for merchants open from July 21 to November 15 [27][29]

Group 1 - The meeting of the 10th Supervisory Board of Xi'an Catering Co., Ltd. was held on August 14, 2025, with all three supervisors present, meeting legal and regulatory requirements [1][2] - The Supervisory Board unanimously approved the review of the company's 2025 semi-annual report, confirming that the report accurately reflects the company's actual situation [1] - The Supervisory Board also confirmed that the use and storage of raised funds for the first half of 2025 comply with relevant regulations and internal management rules, with no violations identified [1]