Shengang Securities released a research report on April 11 stating that Guangzhou Restaurant (603043.SH) was given a buying rating. The main reasons for the rating include: 1) the mooncake business grew close to double digits during the year, frozen food remained flat, and the restaurant business grew brightly; 2) the price increase of mooncakes and frozen products fell slightly, and gross margin fluctuated slightly due to increased promotion, and the gross margin of catering increased year-on-year; 3) building a new engine for business development to improve the food business development level; 4) steadily promoting the layout of the catering business. The food business expanded rapidly, and there was plenty of room for brand potential to be released. (Mainichi Keizai Shimbun)