The global / national average daily newly confirmed cases this week were – 14.2% / – 5.96% month on month. This week (April 18-april 24), there were 690000 new confirmed cases worldwide, down 14.2% from last week; There were 2614 newly diagnosed cases per day, down 5.96% from last week, and 20800 newly diagnosed + local asymptomatic cases per day, down 19.18% from last week; Among them, the daily average number of newly diagnosed cases in Shanghai was 2393, down 2.68% from last week, and the daily average number of newly diagnosed + local asymptomatic cases was 19904, down 18.55% from last week.
The United States lifted travel restrictions on 89 countries, and China’s multi-national tourism market began to recover gradually. (1) United States: on April 18, the Centers for Disease Control and prevention lifted travel restrictions for 89 countries from the list of “no travel” countries. (2) Cambodia: from April 21, the isolation period of those who did not receive covid-19 vaccine was reduced from the previous 14 days to 7 days when entering Cambodia. (3) China: some tourism and sports enterprises in Hainan resumed business, and travel agencies and online tourism enterprises in Changsha orderly resumed team tourism business and “air ticket + Hotel” business in the province.
Q1 the amount of duty-free shopping in Hainan outlying islands increased by 8.4% year-on-year. Promotional activities + online new retail responded to the impact of the short-term epidemic. From January to February this year, the duty-free sales market of Hainan outlying islands continued to be hot. In March, the duty-free sales of outlying islands showed a downward trend year-on-year affected by the epidemic; According to the statistics of Haikou customs, the amount of duty-free shopping on outlying islands supervised in Q1 was 14.72 billion yuan / + 8.4%, the number of shopping pieces was 20.27 million pieces / + 14.2%, and the per capita shopping amount was 8372 yuan / + 10.2%, among which the sales of cosmetics, jewelry and watches ranked among the top three. In order to alleviate the epidemic situation and promote sales, Islands duty-free shops have launched a series of consumer promotion activities while doing well in the prevention and control of epidemic diseases. They have also been active in Islands’s tax exempt market through the new retail shopping channels such as live and tiktok. Q1 China Tourism Group Duty Free Corporation Limited(601888) achieved revenue of 16.782 billion yuan / – 7.45%, net profit attributable to parent company of 2.563 billion yuan / – 9.99%, net profit not attributable to parent company of 2.559 billion yuan / – 9.72%.
Affected by the epidemic, the total social zero in March was – 3.5% year-on-year. According to the data of the National Bureau of statistics, the total zero amount of Q1 society increased by 3.3% year-on-year, with an actual increase of 1.3% after deducting price factors; Among them, the epidemic continued to spread in March, and the core cities represented by Shanghai were greatly affected. The total social zero decreased by 3.5% year-on-year, the first negative since August 2020. In March, retail sales fell by 2.1% year-on-year, and the growth rate decreased by 8.6pct compared with that from January to February; Catering revenue decreased by 16.4% year-on-year, and the growth rate decreased by 25.3pct compared with that from January to February. Offline contact consumption was significantly affected by the epidemic.
This week (4.18-4.24), capital poured into snack, tea, baking and other catering tracks. (1) Snacks: congee brand “Jitang” completed 15 million yuan Angel round financing, and hot dog brand “Aishi hot dog” completed 10 million yuan Angel round financing. (2) Tea: fresh fruit tea brand “tcomma” completed the second round of financing of 50 million euros, and Hubei tea brand “Zhicha” completed the first round of financing of 5 million yuan. (3) Baking: the frozen baking brand “Enxi village” received hundreds of millions of yuan in round B financing.
Risk tip: macroeconomic fluctuation risk, repeated epidemic situation and intensified industry competition.
