Restaurant stocks across Hong Kong's market witnessed widespread declines in today's session. As of publication, Xiabu Xiabu (00520) slid 3.61% to HK$0.80, Jiumaojiu (09922) retreated 3.1% to HK$2.81, while Tehai International (09658) dipped 1.03% to HK$15.32. This downward momentum follows July 15 data from China's National Bureau of Statistics revealing June's total social consumer goods retail sales reached 4.2287 trillion yuan, reflecting a 4.8% year-on-year increase—marking a noticeable deceleration from May's 6.4% expansion.

Breaking down consumption categories, merchandise retail sales climbed 5.3% to 3.758 trillion yuan, while catering revenue growth sharply moderated to just 0.9% year-on-year at 470.8 billion yuan, plummeting from May's robust 5.9% pace. Market analysts attribute this sector-wide slump to the pronounced slowdown in dining expenditure.

Changjiang Securities analysis suggests 2025 will herald a market recalibration phase following intense price competition, with the catering industry's overall growth trajectory poised for recovery. Near-term catalysts include government-issued dining vouchers designed to stimulate consumption, while medium-to-long term prospects highlight significant potential for chain-store penetration rates to rise, bolstering competitive catering conglomerates. Concurrently, the food delivery sector battles intensify as platforms escalate subsidy wars. Industry experts anticipate summer's peak consumption season, amplified by platform incentives, will catalyze a performance rebound window for restaurateurs seeking operational improvements.