Guoxin Securities released a research report on April 16 stating that it gave Guangzhou Restaurant (603043.SH) an increase in its holdings. The main reasons for the rating include: 1) revenue growth was good in 2023, profit growth was steady, and the dividend rate increased to 50%; 2) the basic mooncake market continued to grow steadily; the growth rate of quick-frozen was affected by channel and consumer environment pressure on a high base; and the low catering base recovered and rebounded; 3) industry demand and competitive environment have not improved significantly; the company continues to expand markets outside the province; and the 2024 budget target is stable. (Mainichi Keizai Shimbun)