每经记者｜杨弃非 每经编辑｜杨欢 促消费，广州最近格外努力。 最新的动作出现在餐饮业。几天前，广州召开了一场特殊的餐饮业发展座谈会。根据当地媒体报道，特殊不仅体现在规格高——广州市委书记郭永航、市长 孙志洋等主要领导共同出席；范围广——16家餐饮企业代表参会提出意见建议，且针对某个行业单独召开此类企业家座谈会，也颇为罕见。 一个背景是，自去年以来，全国餐饮业不断面临新变化，多座一线城市出现餐饮收入下滑。在行业逆风中，作为全国人均餐饮消费最高的城市，广州顶住压 力，不仅去年餐饮营业额超过千亿元，增速领跑一线城市，且今年1-7月持续实现正增长。 餐饮业往往被认为是百业的"介质"。不少人仍然记得，今年上半年，广州一改过去两年来经济增速的下滑态势，在"触底反弹"后实现进一步回暖。其中，社 会消费品零售总额更以5.9%的增速实现了对一线城市的引领。 从提振餐饮入手，广州将如何进一步巩固增势？ "第一城" 一种观点认为，消费是拉动经济增长的主引擎，而餐饮消费正是引擎中最活跃的火花。 根据国家统计局数据，2015年至2019年全国餐饮收入增幅连续五年超过社会消费品零售总额增幅，有效拉动内需，促进经济发展。2020年至202 ...

每经记者｜杨弃非 每经编辑｜何小桃 促消费，广州最近格外努力。 最新的动作出现在餐饮业。几天前，广州召开了一场特殊的餐饮业发展座谈会。根据当地媒体报道，特殊不仅体现在规格高——广州市委书记郭永航、市 长孙志洋等主要领导共同出席；范围广——16家餐饮企业代表参会提出意见建议，且针对某个行业单独召开此类企业家座谈会，也颇为罕见。 "第一城" 一种观点认为，消费是拉动经济增长的主引擎，而餐饮消费正是引擎中最活跃的火花。 根据国家统计局数据，2015年至2019年全国餐饮收入增幅连续五年超过社会消费品零售总额增幅，有效拉动内需，促进经济发展。2020年至2022年受外部 环境等影响，全国餐饮消费出现了短暂性下降，但增速仍高于社会消费品零售总额增幅。 对于广州而言，餐饮对消费的带动尤为显著。从过去几年来看，广州消费增长经历了大起大落，而餐饮则充当了消费变化的"晴雨表"。在消费增长较快的 年份，住宿餐饮业零售额也经历了大幅增长，反之亦然。 一个背景是，自去年以来，全国餐饮业不断面临新变化，多座一线城市出现餐饮收入下滑。在行业逆风中，作为全国人均餐饮消费最高的城市，广州顶住 压力，不仅去年餐饮营业额超过千亿元，增速领跑一线 ...

Core Viewpoint - Xi'an Catering Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, with a focus on improving operational efficiency and expanding sales channels to counteract market challenges [1][3]. Company Overview and Financial Indicators - The company did not distribute cash dividends or bonus shares for the reporting period [1]. - The total revenue for the first half of 2025 was approximately 306.57 million yuan, a decrease of 12.08% compared to the same period last year [3][5]. - The net profit attributable to shareholders was approximately -54.17 million yuan, showing an improvement of 9.19% from the previous year's loss [3]. Main Business Activities - The primary business includes catering services and industrial food processing, with nearly 100 outlets, many of which are historical and well-known brands in Shaanxi Province [3][4]. - The company offers a variety of local dishes, including Shaanxi cuisine, Cantonese cuisine, and other regional specialties [3]. Operational Performance - The company implemented various strategies to enhance operational efficiency, including product innovation and marketing campaigns targeting holiday seasons [4]. - The company focused on expanding online sales and collaborating with e-commerce platforms to increase revenue [4][5]. Financial Data Analysis - The revenue from catering services decreased by 17.68%, while revenue from manufacturing increased by 6.95% [5]. - The company’s total assets at the end of the reporting period were approximately 1.37 billion yuan, a decrease of 1.95% from the previous year [3]. Risk Management - The company outlined potential risks and corresponding measures in its management discussion section, emphasizing the importance of monitoring market conditions [1]. Competitive Advantages - The company has established a strong brand presence with multiple "Chinese Time-honored Brands" recognized by the Ministry of Commerce [4]. - The company has a skilled technical team and management personnel with extensive experience in the catering industry [4].

Core Insights - The article highlights the significance of the "first store economy" in Beijing, particularly in the Sanlitun Taikoo Li shopping district, which has attracted over 300 high-quality flagship and first stores since 2016 [4] Group 1: First Store Economy - Sanlitun Taikoo Li serves as a key platform for the "first store economy," featuring numerous flagship stores and innovative business models [4] - The district has introduced a significant number of tax refund stores, with over 300 expected by May 2025, making it the most concentrated area for tax refund stores in Beijing [4] Group 2: Brand Highlights - The first brand featured, Tao Tao Ju, is a century-old Cantonese tea house that opened its first store in Beijing at Sanlitun Taikoo Li, designed with traditional Lingnan architectural elements [4] - GB DAVID, a high-end French leather goods brand, opened its first store in Beijing at Sanlitun Taikoo Li, offering over 1,000 products and attracting over 50% of customers from outside the local area [5] Group 3: Taxation and Support Services - The Chaoyang District Taxation Bureau has implemented a "tax service manager" model to assist first stores and innovative business models, providing tailored guidance on tax incentives [7] - The tax bureau has also streamlined tax registration and invoice application processes, significantly reducing operational costs for businesses [4][7] Group 4: Innovations in Tax Refund Services - New initiatives in tax refund services include expanding the network of refund stores, enhancing "buy and refund" services, and providing multilingual support for international tourists [8] - The establishment of bilingual service points and collaboration with customs and merchants for refund process simulations aims to facilitate a seamless experience for foreign visitors [8]

Core Insights - The 2025 Guangzhou Michelin Guide was released, highlighting the city's vibrant culinary scene with a focus on young chefs and innovative dining experiences [1][2] - The guide features 21 Michelin-starred restaurants, with 20 retaining their status, including three two-star restaurants and 18 one-star restaurants [1] - New entries in the Bib Gourmand category showcase a trend towards traditional Cantonese cuisine and innovative dining, with four restaurants making their debut [1] Group 1 - The Michelin Guide's director emphasized Guangzhou's culinary identity, aligning with the guide's philosophy of discovering new taste experiences [1] - The guide introduced five new Michelin-starred restaurants, reflecting a growing interest in seasonal vegetables and sustainable dining practices [2] - Young chefs received recognition, with notable awards given to chefs leading innovative and traditional restaurants, indicating a shift towards younger talent in the industry [2] Group 2 - The newly awarded one-star restaurant Chōwa, led by chef Tam Wah Hin, showcases creative dishes and has a high average spending of 945 yuan per person [2] - The presence of a partnership with Martell highlights the ongoing support for the culinary industry and the pursuit of higher standards in restaurant recommendations [2] - The guide's focus on young chefs and innovative dining reflects a broader trend in the culinary landscape of Guangzhou, attracting attention from food enthusiasts [2]

Core Viewpoint - The establishment of the first Cantonese cuisine academy in Xinjiang, specifically in Kashgar, marks a significant cultural and culinary development, showcasing the integration of Guangdong culinary traditions with local practices and fostering ethnic unity through food [1][33]. Group 1: Achievements and Events - At the recent Kashgar region's third vocational skills competition, students from the Cantonese cuisine academy won two first prizes and one third prize, highlighting their exceptional skills and dedication [2][3]. - The academy's achievements reflect the rising popularity of Cantonese cuisine in the northwest region of China, symbolizing the deep connections between Guangdong and Xinjiang [4][28]. Group 2: Educational Initiatives - The Cantonese cuisine academy was officially established in November 2023, with the aim of teaching students the culinary arts of Cantonese cooking and promoting Lingnan food culture [19][33]. - Lin Guanghui, a seasoned chef with 30 years of experience, plays a pivotal role in training students and local culinary professionals, emphasizing the importance of respecting local food customs while innovating with local ingredients [21][22]. Group 3: Cultural Integration - Lin Guanghui has developed a series of "Cantonese-New Fusion" dishes that creatively incorporate local ingredients, symbolizing the blending of different culinary traditions and promoting ethnic harmony [22][24]. - The academy has established partnerships with local restaurants, enhancing the practical training of students and contributing to the professional development of local culinary practitioners [29][30]. Group 4: Future Aspirations - Students express aspirations to open their own restaurants, aiming to introduce more Xinjiang residents to the flavors of Cantonese cuisine, showcasing the transformative potential of culinary education [10][12]. - The initiative is seen as a bridge for cultural exchange and ethnic unity, with food serving as a universal language that fosters connections among diverse communities [34][36].

Group 1 - The "Yue Du Yue You Qu" city bookstore in Kashgar, covering 438 square meters and housing 50,000 electronic books, has become a popular spot for local students [1] - The Guangdong aid to Xinjiang has led to significant improvements in various sectors including healthcare, education, culture, and economy in Kashgar [3][4] - The GDP of Kashgar region reached 324.57 billion yuan in Q1 2025, with a year-on-year growth of 5.8%, and the retail sales of consumer goods totaled 87.32 billion yuan, up 8.2% [4][5] Group 2 - The Guangdong medical aid model has evolved to a "group-style" support system, enhancing healthcare services in Kashgar through advanced equipment and management practices [6][9] - The South Xinjiang National Regional Medical Center has seen significant patient volume, with over 33,000 outpatient visits and a bed occupancy rate of 85% in 2024 [9] - The number of healthcare institutions in Kashgar increased from 3,398 in 2020 to 3,785 in 2024, indicating a growing healthcare infrastructure [12] Group 3 - The vocational education sector is being strengthened, with the establishment of the Cantonese Cuisine Academy in Kashgar, which has enrolled 100 full-time students [16][20] - The textile and garment industry is a key focus, with the textile sector's added value accounting for 12.1% of the region's industrial output in 2024 [17][18] - The number of students in the textile program at the Tiemu Shu Ke Vocational Technical College has grown from 11 to over 860, reflecting the increasing demand for skilled labor in the textile industry [18] Group 4 - The tourism sector in Tiemu Shu Ke City has seen a rise in visitors, with 530,600 tourists recorded in Q1 2025, a 15.93% increase year-on-year [25][26] - The "Xinjiang National Musical Instrument Village" has been developed into a 3A national tourist attraction, enhancing local tourism and economic opportunities [25][26] - The agricultural sector, particularly in chili pepper production, has shown growth, with the company "Xindi Biological" reporting a steady increase in sales revenue from 34.25 million yuan in 2022 to 55.6 million yuan in 2024 [29][31]

Core Viewpoint - The 16th CRE Guangzhou Catering Expo highlighted the growth and transformation of the catering industry in the Guangdong-Hong Kong-Macao Greater Bay Area, emphasizing the shift from quantity expansion to quality enhancement, driven by strong consumer demand and capital market engagement [1][2]. Consumer Trends - The report categorizes consumers in the Greater Bay Area into four typical profiles: "Generation Z," middle-to-high income groups, Hong Kong and Macao consumers, and urban seniors, reflecting diverse consumption characteristics that drive innovation in the catering industry [2][3]. - The demand for quality and innovation among these consumer groups is contributing significantly to the sustained economic growth of the Greater Bay Area [2]. Industry Trends - The report indicates a notable trend towards "chain operations" and "capitalization" in the catering industry, with the national chain rate expected to reach 24% by 2025, while Guangdong's rate is projected at 31.7%, surpassing the national average [2][3]. - There are currently 17 catering companies headquartered in the Greater Bay Area that have successfully gone public, contributing to the industry's expansion through capital operations [2][3]. Investment Focus - Investment interest is particularly strong in the group meal, fast food, snack, and tea beverage sectors, with group meals and fast food increasing their share from 14% in 2023 to 22% in 2024, and tea beverages rising from 10% to 20% [3]. - The report identifies seven key investment areas in the Greater Bay Area's catering sector, including group meals, fast food, tea beverages, and health foods, indicating a shift in consumer preferences towards value and health [3]. Government Support - The Guangdong government is actively promoting consumption and supporting enterprises through various initiatives, including attracting flagship stores and new products to stimulate related industries [3]. - Local governments are also focusing on developing the prepared food industry, aiming to establish the Greater Bay Area as a hub for this sector [3]. Digital Transformation - Digital transformation is becoming a crucial strategy for enhancing competitiveness in the catering industry, with companies leveraging digital tools for supply chain management, customer engagement, and personalized marketing strategies [4]. - The use of big data and intelligent customer service is helping businesses better understand market trends and consumer preferences, thereby improving customer loyalty and brand growth [4].

Core Viewpoint - The article highlights the rich culinary culture of Guangdong, particularly focusing on the unique dishes from the regions of Jiangmen and Maoming, showcasing the blend of traditional and innovative flavors in Cantonese cuisine [1][36]. Summary by Sections Jiangmen Cuisine - Jiangmen is known for its classic dishes and innovative flavors, such as the winter melon bowl, which is prepared by hollowing out a winter melon and filling it with various ingredients like duck and pork, then steaming it to absorb the flavors [3][6]. - The local preference for soups is emphasized, with a belief that a good soup nourishes both body and soul, reflecting the deep-rooted culinary traditions of the area [9]. Maoming Cuisine - Maoming's culinary scene is characterized by its famous sandworm porridge, which incorporates fresh seafood and is a staple on local tables, highlighting the region's abundant natural resources [10][14]. - The preparation of sandworm porridge involves meticulous steps to ensure the freshness and flavor of the ingredients, showcasing the local culinary expertise [10][14]. Unique Ingredients and Techniques - The article introduces "fire garlic" from Kaiping, which undergoes a unique smoking process to enhance its flavor and preserve it for long periods, making it a cherished ingredient among locals and expatriates [18][21]. - The use of seasonal fruits like starfruit in dishes such as starfruit duck demonstrates the innovative use of local produce to enhance flavors and create unique culinary experiences [24][28]. Signature Dishes - The ancient well roast goose is highlighted as a significant dish in Guangdong, with a meticulous preparation process that includes marinating with aged ingredients and roasting over lychee wood for a distinct flavor [29][35]. - The article concludes by inviting viewers to explore the diverse and rich culinary offerings of Guangdong through the upcoming food program, emphasizing the connection between food, culture, and the local environment [40].

Core Viewpoint - The restaurant industry is experiencing a surge in IPO activity, particularly in the Hong Kong market, with several brands successfully listing and others planning to do so in the near future [4][6]. Group 1: Recent IPOs and Market Activity - Auntea Jenny officially listed on the Hong Kong Stock Exchange on May 8, 2025, with an initial share price of HKD 113.12, which rose to HKD 190.6 on the first day, marking a 68.49% increase and a total market capitalization of approximately HKD 20 billion [1]. - The Green Tea Group has been attempting to list on the Hong Kong Stock Exchange since March 2021, having made five attempts, while other brands like Lao Xiang Ji and Xibei Restaurant Group are also pursuing IPOs with ambitious growth targets [3][4]. Group 2: Industry Trends and Market Dynamics - Approximately 70% of the listed restaurant brands have chosen to go public in Hong Kong, with over 15 restaurant companies submitting IPO applications since 2024, covering various segments such as hot pot, fast food, and tea drinks [4]. - The capital market's interest in the restaurant sector has reached a historical peak, with the Hong Kong restaurant sector raising over HKD 8 billion in the first quarter of 2025, a 120% year-on-year increase [4][6]. Group 3: Financial Performance of Listed Brands - Among the listed brands, some have shown significant growth, such as Mixue Ice City, which reported a revenue of CNY 28 billion and a net profit of CNY 2.5 billion in 2024, while others like Xiaobu Xiaobu faced challenges with a net loss of CNY 401 million [6][8]. - The financial performance of established brands like Quanjude has declined, with a revenue of CNY 1.402 billion in 2024 and a net profit drop of 43.15% [8][9]. Group 4: Challenges Post-IPO - While IPOs provide necessary capital for expansion, they also introduce challenges such as mandatory financial disclosures, which place companies under scrutiny [9]. - The restaurant industry is highly cyclical, making profitability sensitive to economic fluctuations and consumer preferences, as seen in the struggles of brands like Nayuki and Quanjude [9].