The Zhitong Finance App learned that catering stocks generally rose in early trading. As of press release, Jiumaojiu (09922) rose 6.85% to HK$5.3; Tehai International (09658) rose 6.72% to HK$15.24; Yihai International (01579) rose 5.05% to HK$17.06; Haidilao (06862) rose 4.92% to HK$18.76; and Nai Xue's tea (02150) rose 4.33% to HK$2.89.

According to the news, according to the Financial Federation, as of April 25, Haidilao had received about 60,000 holiday meal reservations. Currently, this number is still growing rapidly. Among them, the number of reservations in the sinking market has increased significantly. In addition, data previously released by the National Bureau of Statistics showed that in the first quarter of 2024, the country's food and beverage revenue was 1344.5 billion yuan, an increase of 10.8% over the previous year.

China Merchants Securities said earlier that in the future, hotel restaurants are expected to continue to be strong as the May Day holiday approaches. Shanghai Securities also said that, driven by the holidays, 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.