[GF Commerce] Weekly Views 20260726: Domestic Demand Services Bottoming and Building Momentum, Cross-border Outbound Prosperity Continues

English summary

Cross-border e-commerce: #Half-year report window expected to catalyze, outbound beta initially validated. Top pick Anker Innovations; current energy storage concerns fully digested, fundamentals improving, Q2 gross margin may beat expectations, full year could see upward revision, valuation repair space prominent. Recommended attention to leading cross-border e-commerce brands benefiting from inventory destocking end and overseas consumption downgrade: Zoyotech, Sailvan Times, and Huakai Yibai, Jihong Group, Yiwu Commodity City, Sailvan Times benefiting from AI+ application realization. Gold jewelry: Gold price entered relatively stable low-level fluctuation; actual terminal performance > market expectations, gram-weight sales recovering since June. Data shows multiple leading brands have adjusted brand strategy (top pick small gram-weight fixed-price new products, market feedback good), April-June sequential improvement trend clear, interim results may beat expectations, current low valuation is good timing for medium-long term positioning. Catering: Haidilao June overall store turnover rate roughly flat sequentially, slight YoY decline. This June has one extra holiday vs last year, short-term foot traffic good, but limited boost to overall operations. ...