Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Views - The company is implementing a restricted stock incentive plan to enhance its long-term incentive mechanism, aiming to align the interests of shareholders, the company, and management for sustainable growth [8] - The company has shown strong sales performance during the Double Eleven shopping festival, entering the sales Top 20 list for the first time, with significant growth in popular products [8] - The company is expanding its product range and increasing its SKU speed, which opens up growth opportunities in various market segments [8] - The company has seen a steady increase in repurchase rates, with a total of approximately 13.4 million online and 5.6 million offline registered members, leading to a comprehensive repurchase rate of 26.8%, up 2 percentage points year-on-year [8] - The company is expected to achieve net profits of 1.21 billion, 1.58 billion, and 2.03 billion RMB for the years 2025 to 2027, representing year-on-year growth rates of 38%, 30%, and 28% respectively [8] Financial Summary - The company's revenue is projected to grow from 2,885.96 million RMB in 2023 to 5,153.06 million RMB in 2025, with a compound annual growth rate (CAGR) of 32.65% [7] - The net profit attributable to the parent company is expected to increase from 661.9 million RMB in 2023 to 1,212.7 million RMB in 2025, with a CAGR of 37.7% [7] - The company's return on equity (ROE) is projected to remain strong, with values of 42.8% in 2023 and around 25% in the following years [7]

Core Viewpoint - The company Mao Geping (01318) announced a proposal for a restricted stock unit incentive plan for its H shares, which is set to be adopted on November 12, 2025 [1] Group 1 - The board of directors has resolved to recommend the adoption of the incentive plan [1]

Core Viewpoint - The company Mao Ge Ping (01318) announced a proposal to adopt a restricted stock unit incentive plan for its H shares, which is set to be decided by the board on November 12, 2025 [1] Group 1 - The board of directors has resolved to propose the adoption of a restricted stock unit incentive plan [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 MAO GEPING COSMETICS CO., LTD. 毛戈平化妝品股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1318） 建議採納 限制性股票單位激勵計劃 毛 戈 平 化 妝 品 股 份 有 限 公 司（「本公司」或「公 司」）董 事（「董 事」）會（「董 事 會」）欣 然 宣 佈，於2025年11月12日，董 事 會 已 議 決 建 議 就 本 公 司H股採納 限制性股票單位激勵計劃（「限制性股票單位激勵計劃」）。 限制性股票單位激勵計劃 旨在進一步建立 健 全 公 司 長 效 激 勵 機 制，充 分 激 發 公 司 核 心 骨 幹 員 工 的 積 極 性，構 建 事 業 共 同 體，將 公 司 股 東（「股 東」） 利 益、公 司 利 益 和 經 營 者 個 ...

Group 1 - The Hong Kong stock market saw a strong performance in new consumption concept stocks, with notable gains in several companies [1] - Companies such as "沪上阿姨" increased by nearly 13%, "锅圈" by 6%, "毛戈平" by over 5%, "奈雪的茶" by over 4%, and others like "蜜雪集团" and "茶百道" rising by over 3% [1] Group 2 - "沪上阿姨" (Code: 02589) rose by 12.52% to a latest price of 102.000, with a total market value of 10.731 billion and a year-to-date decline of 9.83% [2] - "锅圈" (Code: 02517) increased by 6.02% to 4.400, with a market cap of 11.61 billion and a year-to-date increase of 147.22% [2] - "毛戈平" (Code: 01318) saw a rise of 5.41% to 95.500, with a market value of 46.813 billion and a year-to-date increase of 66.16% [2] - "奈雪的茶" (Code: 02150) increased by 4.17% to 1.250, with a market cap of 21.31 billion and a year-to-date decline of 8.09% [2] - "蜜雪集团" (Code: 02097) rose by 3.55% to 431.800, with a total market value of 163.919 billion and a year-to-date increase of 113.23% [2] - "茶百道" (Code: 02555) increased by 3.28% to 7.560, with a market cap of 11.171 billion and a year-to-date decline of 27.98% [2]

Core Viewpoint - The new consumption concept stocks in the Hong Kong market are experiencing significant activity, with notable price increases observed in several companies as of November 12. Group 1: Stock Performance - Hu Shang A Yi (沪上阿姨) saw a rise of over 17%, reaching a price of 106.800 HKD [2][3] - Guo Quan (锅圈) increased by over 4.82%, with a current price of 4.350 HKD [2][3] - Mao Ge Ping (毛戈平) experienced a growth of 6.57%, now priced at 96.550 HKD [2][3] - Nai Xue's Tea (奈雪的茶) rose by 3.33%, with a price of 1.240 HKD [2][3]

Core Viewpoint - 毛戈平 (01318.HK) shares increased by over 6%, reaching a price of 96.5 HKD with a trading volume of 69.51 million HKD [2] Summary by Category - **Stock Performance** - 毛戈平's stock rose by 6.51% [2] - The current share price is 96.5 HKD [2] - The trading volume amounted to 69.51 million HKD [2]

Core Viewpoint - The stock of Mao Geping (01318) has increased by over 6%, currently up 6.51% at HKD 96.5, with a trading volume of HKD 69.51 million, indicating strong market interest and performance during the recent promotional period [1] Group 1: Sales Performance - The recent Double 11 promotion lasted about a month, concluding around November 11, with Mao Geping showing steady growth across both Douyin and Tmall channels [1] - Tmall's first-day sales featuring Li Jiaqi sold out, reflecting high popularity and consumer demand [1] Group 2: Market Insights - According to Shenwan Hongyuan's report, the competitive landscape during the September Double 11 pre-sale and multi-platform competition has set a solid foundation for Q4 performance [1] - Open Source Securities highlights that domestic brands are leveraging cultural roots to capture "emotional dividends," thereby increasing market share [1] Group 3: Consumer Trends - The report emphasizes the importance of emotional value and safety in product innovation, focusing on opportunities in niche markets such as "regional + technology" narratives, sensitive skin anti-aging, domestic trend cosmetics, and olfactory economy [1]

Group 1 - The stock of Mao Geping (01318) has increased by over 6%, currently up 6.51% at HKD 96.5, with a trading volume of HKD 69.51 million [1] - According to a recent report by Shenwan Hongyuan, the Double 11 promotion in 2025 lasted about a month and concluded around November 11, with expectations of steady growth for Mao Geping on both Douyin and Tmall platforms, as evidenced by the sell-out on the first day of sales with Li Jiaqi on Tmall [1] - The report highlights that Mao Geping's performance in October has laid a solid foundation for Q4 results amidst the backdrop of the September Double 11 pre-sale and multi-platform competition [1] Group 2 - Open Source Securities emphasizes that domestic brands are leveraging cultural foundations to capture "emotional dividends" and increase market share [1] - In the context of evolving consumer mindsets and product innovation, the focus is on two core dimensions: emotional value and safety component innovation, with attention to opportunities in niche markets such as "regional + technology" narrative upgrades, sensitive skin anti-aging, domestic trend cosmetics, and olfactory economy [1]

Group 1 - The new consumption concept stocks in the Hong Kong market are showing significant activity, with notable price increases for several companies [1] - Specifically, the stock of "沪上阿姨" (Hushang Ayi) has risen by 13.07%, "锅圈" (Guoquan) by 4.82%, "毛戈平" (Mao Geping) by 4.14%, and "奈雪的茶" (Naixue's Tea) by 3.33% [1]