Investment Rating - The report assigns an "Outperform" rating to several companies including Pop Mart, Anta Sports, Haidilao, and China Feihe, while Budweiser APAC is rated "Neutral" [1]. Core Insights - The report highlights significant developments in the F&B and designer toys sectors, including the opening of ChaPanda's first store in France and the launch of promotional activities by GOODME [6][7]. - Key financial results are reported, such as Super Hi International's Q1 revenue of $198 million, a 5% year-on-year increase, and MINISO's Q1 revenue of 4.43 billion yuan, a 19% year-on-year increase [6][7]. Weekly Performance Summary - In the F&B sector, top performers include GOODME (+13.0%), MIXUE (+11.2%), and ChaPanda (+6.3%), while underperformers include Yum China (-4.4%), Haidilao (-7.6%), and Super Hi International (-13.3%) [2][7]. - In the designer toys sector, Pop Mart (+12.3%) and Blokees (+8.9%) performed well, while MINISO (-9.9%) lagged behind [2][7]. Company Highlights - Pop Mart opened its first premium store in Chengdu SKP, enhancing its brand experience [6]. - 52TOYS submitted its IPO prospectus, reporting a 31% year-on-year revenue growth to 630 million yuan in 2024 [6].