Core Viewpoint - The event "Cultural Exchange of Culinary Arts" held in Liège, Belgium, marks a significant step for Quanzhou as it aims to become a UNESCO Creative City of Gastronomy by 2025, showcasing its rich culinary heritage and modern food industry to Europe [1][2]. Group 1: Event Overview - The event was co-hosted by the Quanzhou Food Industry Promotion Association and the Belgium International Chinese Restaurant Association, attended by over 70 political and business figures from China and Belgium [1]. - The event featured traditional Quanzhou snacks and non-heritage culinary skills, creating an immersive experience for attendees [1]. Group 2: Cultural Significance - Quanzhou, as a key port of the Maritime Silk Road, has a long history of cultural exchange, blending Central Plains culture, maritime culture, and overseas Chinese culture, which has shaped its unique culinary style [1]. - The event is part of Quanzhou's ongoing efforts to promote its culinary culture globally, leveraging its status as a UNESCO World Heritage site [1]. Group 3: Statements from Officials - Chen Rixing, Vice President of the Quanzhou Food Industry Promotion Association, highlighted the 39th anniversary of the friendship between Fujian Province and Liège Province, emphasizing the potential for deeper cooperation in culinary culture and industry development [2]. - Willy Borsus, President of the Walloon Parliament, expressed the appreciation for Chinese culinary culture in Belgium and the desire to strengthen cultural and innovative exchanges [4]. Group 4: Industry Collaboration - During the event, representatives from Quanzhou's culinary sector engaged in discussions with Belgian food suppliers and restaurant associations on topics such as ingredient standards, culinary skill exchange, and brand internationalization [4]. - The event aims to create new opportunities for Quanzhou's culinary industry to integrate into the international market and expand global cooperation [4]. Group 5: Cultural Impact - The Quanzhou culinary tour not only allows European audiences to experience the unique flavors of the Maritime Silk City but also injects new cultural momentum into China-Europe local cooperation [5].

Core Viewpoint - The recent initiatives in Hunan Province and other regions to combat food waste highlight new phenomena and issues in the restaurant industry, emphasizing the need for a comprehensive approach that extends beyond consumer behavior to include the entire supply chain [1] Group 1: Food Waste Management - The management of food waste is not only about reducing kitchen waste and conserving food resources but also relates to national food security and social civility [1] - Previous efforts focused mainly on consumer advocacy, which yielded limited results; significant waste occurs throughout the supply chain, including mismatches in procurement and dining demand, processing losses, and expired ingredients [1] - Effective management requires a detailed approach that encompasses all aspects of the food service process, from the kitchen to the market [1] Group 2: Implementation Strategies - Encouragement for restaurants to utilize dynamic forecasting systems to manage high-loss ingredients and promote practices like "one dish multiple uses" to minimize unnecessary waste [2] - The implementation of the "Restaurant Industry Promotion and Management Measures" by the Ministry of Commerce and the National Development and Reform Commission includes specific anti-food waste requirements for restaurant operators [2] - Emphasis on the responsibility of dining establishments in combating waste, promoting healthy consumption habits, and enhancing the scientific and sustainable management of the restaurant industry [2] Group 3: Quantification and Regulation - The concept of "waste" must be clearly defined and quantified in business operations to ensure effective waste reduction [3] - The reliance on measurable regulatory indicators, closed-loop enforcement procedures, and modern management techniques is essential for making anti-waste efforts a norm [3]

Economic Overview - The overall economic operation in the province has been stable and progressing steadily in the first ten months of the year, with key sectors such as industry, consumption, and services showing positive developments [1][2]. Industrial Performance - The industrial economy has maintained a robust growth trend, with the industrial added value of large-scale enterprises increasing by 6.8% year-on-year from January to October. In October alone, the growth rate was 5.8%, with high-end manufacturing sectors like equipment manufacturing, high-tech manufacturing, and digital core product manufacturing growing by 8.0%, 11.7%, and 9.4% respectively, outpacing the overall growth [1]. Consumption Market - The consumption market has shown signs of recovery, with the total retail sales of social consumer goods reaching 38,816.8 billion yuan, a year-on-year increase of 4.0% from January to October. In October, retail sales of household appliances and audio-visual equipment rose by 7.4%, while sales of computers and related products surged by 48%, indicating strong demand for upgraded and digital products [2]. Service Sector - The service sector has maintained a stable development trend, with revenue from large-scale service industries increasing by 7.2% year-on-year from January to September. Notable growth was observed in resident services, rental and business services, and water, environment, and public facility management, with respective increases of 14.2%, 12.7%, and 9.7% [2]. Fixed Asset Investment - Fixed asset investment in the province has decreased by 8.7% year-on-year from January to October, but the investment structure has been optimized. Significant growth was noted in infrastructure investments, particularly in the electricity and heat production and supply industry, which grew by 22.9%, and in loading, unloading, and warehousing, which increased by 27.2% [3].

全运会期间，持各项赛事门票的旅客，可以在广东省内超100家4A级以上景区享受专属的折扣福利，不少景区还可以凭票免费游玩，为广东带来"泼天"人流 量。 苏炳添最后一跑图片来源：每经记者孔泽思摄 去哪儿旅行数据显示，全运会对赛事承办城市的住宿消费拉动效应显著。美团旅行数据显示，全运会期间，前往广州、深圳、珠海等地的机票预订量同比增 长26%。 11月21日，第十五届全国运动会（以下简称全运会）落下帷幕。 本届全运会由粤港澳三地联合承办，设竞技比赛项目34个大项419个小项、群众赛事活动23个大项166个小项。这是历届中规模最大的一届全运会，也是全运 会第一次走进香港与澳门。 在竞技场之外，赛事的火热流量为粤港澳大湾区带来了巨大的消费增量。据公开统计数据，本届全运会可售门票预计超500万张，这意味着相当数量游客的 吃、住、游消费留在了大湾区。 超越赛事的消费辐射力 全运会吸金多少？国家体育总局体育经济司司长杨雪鸫11月18日在接受采访时介绍，据统计，截至11月16日，本届全运会市场开发（包括赞助、捐赠、特许 经营、门票）收入18.4亿元。 消费增量首先来自酒店、机票等旅游场景。本届全运会可售门票预计超500万张，赛 ...

Core Insights - Brazilian service sector has experienced growth for eight consecutive months, driven by domestic transportation [1] Summary by Categories Growth Metrics - In September, the Brazilian service sector grew by 0.6% month-on-month and 4.1% year-on-year [1] - Cumulative expansion of the service sector reached 3.3% [1] Sector Contributions - The statistics encompass various fields including tourism, catering, beauty, and information technology [1]

Group 1: Government Policies and Regulations - The Ministry of Finance announced that starting from June 2026, personal pension savings bonds (electronic) will be included in the range of personal pension products, allowing pension investors to purchase these bonds through designated institutions [1] - The China Securities Regulatory Commission (CSRC) stated that H-share accounting firms will undergo comprehensive evaluations annually, and those failing to meet basic requirements will have their recommendations withdrawn [1] Group 2: Company News - Chaozhuo Aerospace announced that due to significant matters being planned by its controlling shareholders, the company's stock will be suspended from trading starting November 24, with an expected suspension period of no more than two trading days [3] - Shandong Road and Bridge announced plans for its subsidiaries to participate in the bidding for a highway construction project with an estimated contract value of 10.2 billion yuan, with a maximum investment commitment of 1.457 billion yuan from its subsidiaries [3] - Hesheng New Materials disclosed a share transfer agreement where its controlling shareholders will transfer 44.66 million shares (18% of total shares) to Shanghai Moer Zhixin at a price of 33.71 yuan per share, resulting in a change of control [4] - *ST Zhongzhuang announced a restructuring plan involving a capital increase of approximately 990 million shares, with 740 million shares allocated for introducing restructuring investors and 250 million shares for debt repayment [5] - *ST Sansheng received court approval for its restructuring plan, which will enter the execution phase, potentially improving its financial structure and operational sustainability [5] - Tiandi Online decided to terminate its asset acquisition and fundraising plans due to market conditions, ensuring no significant adverse impact on its main business [6] - Saiwei Electronics reported abnormal stock trading due to a cumulative price increase exceeding 30% over three trading days, linked to a proposed acquisition of shares in Beijing Xindonglai Semiconductor Technology [6][7] - Dajin Heavy Industry announced a contract worth approximately 1.339 billion yuan for exclusive supply related to an offshore wind farm project, representing 35.41% of its audited revenue for 2024 [8]

机构：财通证券 研究员：耿荣晨/周诗琪 公司依托自建中央厨房与冷链物流体系，实现食材高品质、低成本与稳定供应。2）标准化制作流程： 公司通过精细烹饪指引及自产料包，确保现炒现制的高质量口感，同时配套服务SOP 与多维培训，推 动门店运营高效规范。3）晋升机制明确，持股平台绑定优秀员工：公司三级组织架构职能分工明确， 门店合伙制+师徒机制推动人才快速成长和门店复制扩张，90%以上核心员工来源于基层培养，此外公 司还通过员工持股平台绑定优秀店长持续激励人才。4）门店回报周期优异：公司门店运营效率持续提 升，2024 年公司平均回报周期13.8 个月，显著优于行业平均水平。 投资建议：公司是新徽菜龙头，定位大众便民餐饮，依托供应链和优异的运营能力快速拓张。我们预计 公司2025-2027 年实现营业收入60.80/76.03/93.06 亿元，归母净利润7.53/9.61/11.98 亿元，对应PE 分别 为15/12/9 倍，首次覆盖，给予"买入"评级。 风险提示：国内餐饮业竞争激烈、原材料成本上涨风险、门店开拓不及预期等、食品安全问题、限售股 解禁风险、直营模式的品牌风险问题。 新徽菜龙头企业，定位大众便民市场 ...

原标题：新兴动能加速累积服务消费保持活跃 工业经济是全省经济发展中的最大亮点。我省锚定工业强省战略目标，深化落实"1269"行动计划，工业 生产实现较快增长，在稳增长中发挥了顶梁柱作用。1至10月，全省规模以上工业增加值同比增长 7.7%，汽车制造业，计算机、通信和其他电子设备制造业，有色金属冶炼和压延加工业均实现两位数 增长，重点行业支撑有力；全省高技术制造业增加值同比增长12.5%，高于全省平均水平4.8个百分点， 服务机器人、新能源汽车、平板电脑、光电子器件产品产量保持快速增长，新兴动能加速累积。我省拿 出真金白银支持企业数字化转型，带动企业效益持续改善，1至9月，全省规模以上工业企业实现利润总 额1378.0亿元，同比增长7.6%。 我省积极推进提振消费专项行动，实体新业态新模式活力增强，进一步释放消费潜力，消费品市场延续 平稳发展态势。1至10月，全省社会消费品零售总额10701.3亿元，同比增长5.0%，增速比上年同期加快 0.1个百分点；商旅文体健深度融合发展，促进服务消费保持活跃，全省限额以上住宿业、餐饮业营业 额同比分别增长10.0%、10.7%；满足居民品质化、个性化、体验化消费需求的新兴 ...

Economic Overview - In October, the total retail sales of consumer goods reached 46,291 billion yuan, a year-on-year increase of 2.9% [2][3][38] - The industrial added value above designated size grew by 4.9% year-on-year in October, with a month-on-month increase of 0.17% [8][36] Retail Sales - Retail sales excluding automobiles amounted to 42,036 billion yuan in October, growing by 4.0% [2][38] - For the first ten months, total retail sales reached 412,169 billion yuan, an increase of 4.3% [2][38] - Online retail sales for the first ten months were 127,916 billion yuan, up 9.6%, with physical goods online sales accounting for 25.2% of total retail sales [7][38] Industrial Production - The industrial added value for the first ten months increased by 6.1% year-on-year [8][36] - In October, the mining industry saw a 4.5% increase, manufacturing grew by 4.9%, and the electricity, heat, gas, and water production and supply industry rose by 5.4% [10][36] - High-tech manufacturing and equipment manufacturing showed strong growth, with increases of 7.2% and 8.0% respectively [36] Fixed Asset Investment - From January to October, fixed asset investment (excluding rural households) totaled 408,914 billion yuan, a year-on-year decrease of 1.7% [20][39] - Manufacturing investment increased by 2.7%, while real estate development investment fell by 14.7% [39][20] Employment and Unemployment - The urban surveyed unemployment rate in October was 5.1%, slightly lower than the previous month [3][41] - The average working hours for employees in enterprises was 48.4 hours per week [41] Price Trends - In October, the Consumer Price Index (CPI) rose by 0.2% year-on-year, reversing a previous decline [42] - The Producer Price Index (PPI) for industrial producers decreased by 2.1% year-on-year, with a narrowing decline compared to the previous month [42] Overall Economic Stability - The national economy showed overall stability in October, with ongoing transformation and upgrading efforts [3][43] - The government aims to expand domestic demand and stabilize employment, enterprises, and market expectations [43]

Core Insights - The article highlights the impact of the 15th National Games on the Greater Bay Area, showcasing how small ball sports are fostering cross-border tourism and economic activity [1][4]. Group 1: Event and Audience Engagement - The event has attracted audiences from various regions, with attendees like Huang Jiayi from Macau actively participating in the games and exploring the Greater Bay Area [1]. - The convenience of travel between cities has encouraged spectators to plan detailed itineraries, such as watching badminton in Shenzhen and then traveling to Macau for table tennis [1][4]. Group 2: Economic Impact - The "green channel" for ticket holders has transformed cross-border attendance from a concept into a regular occurrence, promoting the idea of "one ticket, explore the Bay Area" [4]. - The event is expected to draw over 100,000 visitors to Hong Kong, significantly boosting the local economy, particularly in the dining, retail, and hotel sectors [4]. - The integration of sports and tourism has created new consumption scenarios, with merchandise related to the games experiencing high demand, such as plush toys and collectible items [4].