According to the Zhito Finance APP, dining stocks have fallen today. As of this report, Hailunsi (09869) is down 4.22%, trading at 2.72 Hong Kong dollars; JIUMAOJIU (09922) is down 3.39%, trading at 3.7 Hong Kong dollars; XIABUXIABU (00520) is down 2.65%, trading at 1.1 Hong Kong dollars; SUPER HI (09658) is down 0.97%, trading at 20.4 Hong Kong dollars.

On the news front, data from the National Bureau of Statistics shows that in November, the total retail sales of consumer goods reached 4,376.3 billion yuan, a year-on-year increase of 3.0%; a month-on-month increase of 0.16%. Among these, resident dining consumption has accelerated, with national dining revenue increasing by 4% year-on-year, an acceleration of 0.8 percentage points compared to last month.

Huachuang Securities pointed out that from the business characteristics perspective, dining is relatively optional and is strongly correlated with current resident income and future expectations, positioned in the mid-to-late stage of the improvement transmission chain. Objectively speaking, the current operational pressure in the industry remains significant. The firm noted that dining, as the core industry of service consumption, has a market capacity close to 5 trillion yuan, making it one of the key points to leverage the multiplier effect and drive consumer improvement. The support of subsequent policies is expected to increase, and next year, under a low base, gradual stabilization and recovery are anticipated.