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餐饮、潮玩及家电行业周报-20250720
Haitong Securities International· 2025-07-20 13:03
Investment Rating - The report assigns an "Outperform" rating to several companies including Pop Mart, Anta Sports, and Haidilao, while Budweiser Asia is rated "Neutral" [1]. Core Insights - Starbucks plans to sell a partial stake in its China business, with valuation estimates around $9 billion [5]. - Pop Mart anticipates a revenue increase of no less than 200% year-on-year for 1H, with net profit expected to grow by at least 350% [5]. - The dishwasher market in China is projected to reach a scale of RMB 30 billion within five years, doubling from the current market size of approximately RMB 15 billion [5]. Weekly Performance Summary - Key performers in the F&B sector include Guoquan (+11.5%), Green Tea Group (+8.9%), and Auntea Jenny (+6.7%) [6]. - In the home appliance sector, Ecovacs saw a significant increase of 20.9%, followed by Roborock (+9.7%) and Sanhua (+7.5%) [6]. - Underperformers in the F&B sector include Guming (-13.4%) and Chagee (-10.9%) [6].