The Zhitong Finance App learned that catering stocks are picking up collectively. As of press release, Yihai International (01579) rose 5.64% to HK$15.36; Haidilao (06862) rose 4% to HK$16.66; Helens (09869) rose 3.83% to HK$2.98; and Jiumaojiu (09922) rose 3.5% to HK$4.73.

According to China Merchants Securities, retail sales of food and beverage revenue in China increased 6.9% year on year in March, and retail sales of food and beverage sales still achieved a high growth rate against the backdrop of an increase in the same period last year. The national service industry production index increased 5.0% year on year in March. As the May Day holiday approaches, hotel dining is expected to continue to be strong.

Shanghai Securities, on the other hand, said that under the impetus of the holiday season, demand for food and beverage consumption is expected to be released sharply, which has played an important supporting role in boosting consumer confidence throughout the year. The franchise and cooperation model is expected to accelerate brand expansion and regional penetration, and reduce operating risks under the self-operated model. Leading restaurant companies are expected to take advantage of the momentum to speed up the layout and opening of stores, once again ushering in development dividends.