The upstream of China catering industry is mainly suppliers, including the supply of ingredients, packaging and tableware; The middle reaches include all kinds, including dinner, leisure catering, fast food, special catering and retail snacks. The downstream is mainly oriented to the consumer market.
From the ecological map of the industrial chain, the related enterprises in the upstream link include jinxiang garlic, National Porcelain Hongye and so on. The middle reaches include Tongqing Building (605 108. Shanghai), Zhou Heiya (0 1458. HK), Wufangzhai (603237. SH) and Ajisen (China) (00538). HK)。
Regional heat map of catering industry chain: Guangdong and Beijing are advantageous regions.
According to enterprise query data, registered catering enterprises in China are mainly distributed in Guangdong Province. Followed by Zhejiang, Shandong, Henan and other cities; There are also many catering enterprises in Jiangsu and Sichuan.
Note: The data is as of April 2023, 10.
Judging from the regional distribution of listed companies in the catering industry, there are a large number of listed companies in the catering industry in Beijing, which have midstream advantages such as Xia Bu Xia Bu (00520. Hongkong), Haidilao (06862.HK) and Quanjude (002 186). SZ)。 There are also a large number of listed companies in Guangdong Province, including Naixue Tea (02 150. HK), Guangzhou Restaurant (603043. SH) and other high-quality enterprises in the middle reaches.
Operating conditions of representative catering enterprises: the overall gross profit margin of the industry is high.
Regarding the performance of catering business, in the first half of 2022, the core business income of Haidilao (06862.HK) was the highest; Ajisen (China) (00538.HK) has a high gross profit level. 202 1 tasteless food (6035 17. SH) has the largest number of shops.
Future planning of representative catering enterprises: striving to stabilize the supply chain
In recent years, although the catering industry has been greatly affected by the epidemic, with the liberalization of domestic policies, the industry as a whole has gradually recovered. The planning of related listed companies in the future will focus on stabilizing the supply chain, ensuring food safety and digital transformation.
For more research and analysis on this industry, please refer to the Forecast and Analysis Report on the Development Prospect and Investment of China Catering Industry by Forward-looking Industry Research Institute.