Catering stocks declined collectively. As of press release, Jiumaojiu (09922) fell 5.13% to HK$4.62; Family Fun Group (00341) fell 3.12% to HK$7.76; and Helens (09869) fell 3.42% to HK$2.82.
The Zhitong Finance App learned that catering stocks have declined collectively. As of press release, Jiumaojiu (09922) fell 5.13% to HK$4.62; Dajilu Group (00341) fell 3.12% to HK$7.76; Helens (09869) fell 3.42% to HK$2.82
According to the news, data released by the National Bureau of Statistics on April 16 shows that in the first quarter, the country's food and beverage revenue was 1344.5 billion yuan, an increase of 10.8% over the previous year; the food and beverage revenue of units above the limit was 355.1 billion yuan, an increase of 9.2% over the previous year. Among them, in March, the country's food and beverage revenue was 396.4 billion yuan, up 6.9% year on year; unit food revenue above the limit was 117.4 billion yuan, up 3.2% year on year.
Datong Securities, on the other hand, pointed out that food and beverage revenue in March fell 5.6 percentage points to 6.9% from the previous value, and the marginal growth rate also declined. Looking at the month-on-month ratio, the non-seasonal month-on-month decline in food and beverage revenue in March was the biggest except in 2022, when the epidemic was severe. It also shows that the driving effect of “retaliatory” demand on service consumption is declining. This year, service consumption, represented by food and beverage revenue, is likely to grow under pressure due to both base and marginal effects.