As Western fast food gains increasing acceptance among local consumers, China's Western quick-service restaurant (QSR) market continues its rapid expansion.
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China's consumer market has shown strong resilience, driven by policy guidance and demand release. In 2024, domestic consumer market vitality strengthened as consumer enthusiasm grew steadily, and experts predict that consumption will maintain a trend of stable growth in 2025.
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In the third quarter of 2024, the Company announced its inclusion in the Hong Kong Hang Seng Composite Index and the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Programs, underscoring its market credibility and growth potential. The inclusion in both a major index and stock connect programs offered more liquidity.
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Since 2023, with the effective implementation of consumer promotion policies, the catering consumption market has been steadily recovering. China's per capita disposable income has been steadily increasing, and the total retail sales of consumer goods have maintained an upward trend. Consumption has become one of the important drivers of China's economic growth.
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