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港股异动 | 茶饮股逆势走强 双节假期茶饮门店爆单 茶企出海步伐明显加快
Zhi Tong Cai Jing· 2025-10-10 03:11
消息面上,据市场多家媒体报道,2025年中秋与国庆"双节叠加",在"假日经济""出游热潮"等因素带动 下,新茶饮品牌门店迎来客流量高峰。茶百道公布的数据显示,有景区门店销量增幅近2800%。"'赏秋 经济'直接带动了我们景区门店、秋季新品的销售业绩。"茶百道相关负责人表示,南京、桂林等热 门"赏秋"城市的景区门店销量增幅普遍超600%。霸王茶姬在交通枢纽店、热门旅游城市、景点门店增 幅也尤为显著。其中上海、四川、广州等地多家门店日均杯量超过2500。 奈雪的茶国内门店也引来消费热潮,全国门店店均订单量与营收同比实现双增长,多地门店环比节前增 长超700%,其中不乏成都、大连、横店等热门旅游城市门店。值得一提的是,奈雪的茶近期正式在美 国市场开店,开业三天营业额近8.7万美元(约62万元人民币),三日售出近1.3万份产品,刷新奈雪门店 开业纪录。随着美国首店的落地,奈雪海外拓展步伐明显加快。据奈雪海外业务负责人透露,奈雪美国 第二家门店已确定落户纽约长岛核心商业区,目前进入收尾阶段,预计近期开业。 智通财经APP获悉,茶饮股逆势走强,截至发稿,古茗(01364)涨13.51%,报24.36港元;奈雪的茶 (02 ...
港股新消费股走强,蜜雪集团涨超9%
Ge Long Hui A P P· 2025-10-09 06:12
| 代码 | 名称 | 涨跌幅 √ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | | 02097 | 蜜雪集团 | 9.07% | 409.000 | 1552.64亿 | 101.98% | | 01364 | 古茗 | 4.35% | 21.600 | 513.69 Z | 117.30% | | 09896 | 名创优品 | 3.55% | 43.800 | 535.1亿 | -4.47% | | 02517 | 锅圈 | 3.24% | 3.190 | 84.54亿 | 79.23% | | 09866 | 蔚来-SW | 1.50% | 61.000 | 1503.15亿 | 75.29% | | 01318 | 毛戈平 | 1.18% | 102.900 | 504.47 | 79.04% | | 00325 | 布鲁可 | 0.50% | 89.950 | 223.8亿 | 49.05% | | 09992 | 泡泡玛特 | 0.47% | 256.000 | 3437.93亿 | 188.41% | | 02015 | ...
古茗(01364) - 截至2025年9月30日止之股份发行人的证券变动月报表
2025-10-02 11:05
FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 古茗控股有限公司(於開曼群島註冊成立的有限公司) 呈交日期: 2025年10月2日 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01364 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | ...
港股新消费概念股普跌,名创优品跌3%
Ge Long Hui A P P· 2025-10-02 03:53
Group 1 - The Hong Kong stock market saw a decline in new consumption concept stocks, with notable drops in companies such as Pop Mart, Miniso, and Gu Ming [1] - Pop Mart experienced a decline of 4.95%, with a latest price of 253.600 and a total market capitalization of 340.57 billion, while year-to-date growth stands at 185.71% [2] - Miniso's stock fell by 3.01%, with a latest price of 43.200 and a market cap of 52.777 billion, reflecting a year-to-date decline of 5.78% [2] Group 2 - Gu Ming's stock decreased by 2.15%, with a latest price of 21.820 and a market cap of 51.892 billion, showing a year-to-date increase of 119.52% [2] - Lao Pu Gold saw a drop of 1.62%, with a latest price of 700.500 and a market cap of 120.96 billion, while year-to-date growth is at 198.95% [2] - Bluco's stock fell by 1.65%, with a latest price of 89.200 and a market cap of 22.193 billion, reflecting a year-to-date increase of 47.80% [2]
部分茶饮股逆市上扬 古茗涨超4% 蜜雪集团涨超3%
Zhi Tong Cai Jing· 2025-09-23 03:35
Core Viewpoint - The tea beverage industry is experiencing a resurgence after a brief slowdown, with leading brands like Mixue and Guming showing significant revenue growth in the first half of the year [1] Industry Summary - The tea beverage sector has seen a recovery in growth after a 24-year period of slowdown, with a notable increase in revenue for top brands [1] - The revenue growth for leading brands such as Mixue and Guming reached approximately 40% year-on-year in the first half of the year [1] - The launch of major brands in early 2025 is expected to enhance the overall penetration rate of the tea beverage industry and increase foot traffic to stores [1] - The ongoing competition in the delivery sector has positioned tea beverages as a key subsidized category, further boosting sales per store [1] Company Summary - Guming (01364) shares rose by 4.55%, trading at 22.06 HKD [1] - Mixue Group (02097) shares increased by 3.52%, trading at 405.4 HKD [1] - Shanghai Auntie (02589) shares grew by 1.3%, trading at 124.8 HKD [1] - Cha Baidao (02555) shares saw a slight increase of 0.24%, trading at 8.34 HKD [1] - The strong performance of brands is attributed to the excellent single-store model of franchise outlets, indicating a robust future potential for these brands [1]
港股异动 | 部分茶饮股逆市上扬 古茗(01364)涨超4% 蜜雪集团(02097)涨超3%
智通财经网· 2025-09-23 03:32
Core Viewpoint - The tea beverage industry is experiencing a resurgence after a brief slowdown, with leading brands showing significant revenue growth in the first half of the year [1] Industry Summary - The tea beverage sector has seen a recovery after a 24-year period of slowed growth, with major brands like Mixue and Gu Ming reporting approximately 40% year-on-year revenue growth in the first half of the year [1] - The launch of major tea brands in early 2025 is expected to enhance overall market penetration and increase foot traffic to stores [1] - The ongoing competition in the delivery market has positioned tea beverages as a key subsidized category, further boosting sales per store [1] Company Summary - Gu Ming (01364) shares rose by 4.55% to HKD 22.06, while Mixue Group (02097) increased by 3.52% to HKD 405.4, and Hu Shang A Yi (02589) saw a 1.3% rise to HKD 124.8 [1] - The strong performance of brands is attributed to the effective single-store model of franchise outlets, indicating that future brand momentum will heavily rely on this model [1]
海外消费周报:海外教育:营利性分类管理条件成熟,市场化改革推动高校扩张,承接增量高教需求-20250921
Group 1: Industry Investment Rating - The report maintains a positive outlook on the overseas education sector, indicating a favorable investment rating due to the maturation of profit-oriented classification management and market reforms driving the expansion of higher education institutions [1][2]. Group 2: Core Insights - The conditions for profit-oriented classification management in private education are gradually maturing, with quality improvement in private schools being a crucial prerequisite for this transition. The report anticipates an acceleration in the implementation of profit-oriented policies for private schools, which will enhance the supply of higher education while ensuring quality [1][9]. - The establishment of profit distribution rights for private schools has led to increased certainty in asset returns. The average profit margin for the six listed private higher education companies is approximately 30.9%, with an average ROE of 12%. This indicates a robust commercial model that seeks to expand scale and revenue [2][10]. - The report highlights a significant mismatch between supply and demand in the higher education sector, with the number of college admissions only increasing from 10.36 million in 2021 to 10.69 million in 2024, while the number of high school graduates entering the college entrance examination has risen from 10.78 million in 2021 to 13.42 million in 2024. This has resulted in a declining college admission rate from 96.1% in 2021 to 79.6% in 2024 [2][10]. - The report suggests that the current quality standards achieved by listed private higher education companies will lay a solid foundation for the reintroduction of profit-oriented choices, which is expected to enhance the valuation of the higher education sector [2][11]. Group 3: Company Focus - The report recommends focusing on several key companies in the overseas education sector, including Yuhua Education, Zhongjiao Holdings, China Kepei, Neusoft Ruixin, Zhonghui Group, New Higher Education, Xijiao International Holdings, and Huaxia Holdings, as they are well-positioned to benefit from the anticipated policy changes [3][11][14].
古茗(01364) - 2025 - 中期财报
2025-09-19 08:35
[Corporate Information](index=3&type=section&id=Corporate%20Information) This chapter provides basic corporate information for Goodme Holdings Limited, including board members, committee structures, principal places of business in mainland China and Hong Kong, registered office, share registrar, compliance advisor, auditor, legal counsel, company website, stock code, listing date, and principal bankers; the company was listed on the Main Board of the HKEX on February 12, 2025 [Board of Directors and Committees](index=3&type=section&id=Board%20of%20Directors%20and%20Committees) Goodme Holdings Limited's board comprises executive, non-executive, and independent non-executive directors, supported by audit, remuneration, and nomination committees to ensure robust corporate governance - Executive directors include **Wang Yunan** (Founder, Chairman, and CEO), **Qi Xia** (President), **Ruan Xiudi**, **Jin Yayu**, and **Cai Yunjiang**[3](index=3&type=chunk) - The Audit Committee Chairman is Mr. Zhuoyue, the Remuneration Committee Chairman is Mr. Li Jianbo, and the Nomination Committee Chairman is Mr. Wang Yunan[3](index=3&type=chunk)[4](index=4&type=chunk) [Company Details and Listing Information](index=4&type=section&id=Company%20Details%20and%20Listing%20Information) This section details the company's principal operating and registered addresses, along with key listing information including the Hong Kong share registrar, compliance advisor, auditor, legal counsel, company website, stock code, and listing date - The company's principal place of business in China is in Xiaoshan District, Hangzhou, Zhejiang Province, and in Hong Kong is in Hysan Avenue, Causeway Bay[6](index=6&type=chunk)[7](index=7&type=chunk) - The company's stock code is **01364**, and its listing date is **February 12, 2025**[9](index=9&type=chunk)[10](index=10&type=chunk) - Ernst & Young is the company's auditor, and Carey Olsen (Hong Kong) is the Hong Kong legal counsel[9](index=9&type=chunk)[10](index=10&type=chunk) [Financial Highlights](index=6&type=section&id=Financial%20Highlights) Goodme Holdings Limited achieved strong financial growth in H1 2025, with total revenue up 41.2% and profit for the period surging 119.8%; adjusted profit and adjusted core profit also saw significant increases of 42.4% and 49.0% respectively, reflecting robust profitability amid market recovery and expansion strategies Key Financial Data for H1 2025 (RMB thousands) | Metric | H1 2025 | H1 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 5,662,904 | 4,009,353 | 41.2 | | Gross Profit | 1,785,968 | 1,266,887 | 41.0 | | Profit for the Period | 1,626,468 | 740,063 | 119.8 | | Profit Attributable to Owners of the Parent | 1,625,473 | 733,807 | 121.5 | | Adjusted Profit (Non-IFRS Measure) | 1,085,748 | 762,476 | 42.4 | | Adjusted Core Profit (Non-IFRS Measure) | 1,135,748 | 762,476 | 49.0 | | Earnings Per Share (Basic, RMB) | 0.72 | 0.39 | 84.6 | | Earnings Per Share (Diluted, RMB) | 0.46 | 0.39 | 17.9 | - Adjusted profit is defined as profit for the period plus fair value changes of financial liabilities at fair value through profit or loss and listing expenses[13](index=13&type=chunk)[14](index=14&type=chunk) - Adjusted core profit further adds back withholding tax on distributable profits of the Group's PRC subsidiaries[13](index=13&type=chunk)[14](index=14&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=Management%20Discussion%20and%20Analysis) This chapter analyzes Goodme Holdings Limited's H1 2025 business performance, outlook, and financial position, highlighting significant progress in store network expansion, GMV growth, product innovation, and supply chain efficiency, alongside detailed explanations of financial metric changes and non-IFRS adjustments [BUSINESS REVIEW](index=7&type=section&id=BUSINESS%20REVIEW) Goodme Holdings Limited, a leading ready-to-drink beverage company in China, expanded its store network, improved performance, and achieved steady growth through effective product and supply chain strategies in H1 2025, focusing on the mass-market tea beverage segment and deepening its presence in lower-tier cities - The company is a leading and fast-growing ready-to-drink beverage company in China, focusing on the mass-market ready-to-drink tea beverage market[15](index=15&type=chunk)[16](index=16&type=chunk) - Total revenue reached RMB **5.6629** billions in H1 2025, a year-on-year increase of **41.2%**; gross profit was RMB **1.7860** billions, a year-on-year increase of **41.0%**[15](index=15&type=chunk)[16](index=16&type=chunk) [Store Network and Store Performance](index=7&type=section&id=Store%20Network%20and%20Store%20Performance) As of June 30, 2025, Goodme's store network expanded to 11,179 locations, a 17.5% year-on-year increase, covering over 200 Chinese cities, with 81% of stores in Tier 2 and below cities and 43% in townships, demonstrating enhanced single-store GMV and cup sales due to effective product and marketing strategies - As of June 30, 2025, the total number of stores reached **11,179**, an increase of **17.5%** compared to the same period in 2024[17](index=17&type=chunk)[19](index=19&type=chunk) Store Count by City Tier (as of June 30) | City Tier | 2025 Store Count | 2025 Share (%) | 2024 Store Count | 2024 Share (%) | | :--- | :--- | :--- | :--- | :--- | | Tier 1 cities | 318 | 3 | 281 | 3 | | New Tier 1 cities | 1,812 | 16 | 1,685 | 18 | | Tier 2 and below cities | 9,049 | 81 | 7,550 | 79 | | **Total** | **11,179** | **100** | **9,516** | **100** | - Stores in Tier 2 and below cities accounted for **81%** of the total, and the proportion of township stores increased from **39%** in 2024 to **43%** in 2025, indicating the company's deep penetration in lower-tier markets[22](index=22&type=chunk)[24](index=24&type=chunk) Key Store Performance Indicators (for the six months ended June 30) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Total GMV (RMB thousands) | 14,094,001.2 | 10,483,944.5 | | GMV per Store (RMB thousands) | 1,370.5 | 1,136.8 | | Average Daily GMV per Store (RMB thousands) | 7.6 | 6.2 | | Total Cups Sold (thousands of cups) | 816,894.7 | 627,780.6 | | Cups Sold per Store (thousands of cups) | 79.4 | 68.1 | | Average Daily Cups Sold per Store | 439 | 374 | - The acceleration in new store openings is primarily due to the recovery of the ready-to-drink tea market and the company's adjusted expansion strategy and franchisee incentive policies[26](index=26&type=chunk)[27](index=27&type=chunk) [Our Franchisees](index=10&type=section&id=Our%20Franchisees) Goodme primarily operates through a franchise model, fostering mutually beneficial relationships by providing site selection, training, centralized procurement, and logistics support, while monitoring operational standards via in-store cameras and regular visits from store supervisors; as of June 30, 2025, the number of collaborating franchisees increased to 5,875 - The company operates through a franchise model, leveraging franchisees' local knowledge, and providing site selection, training, centralized procurement, and logistics support[31](index=31&type=chunk)[33](index=33&type=chunk) - As of June 30, 2025, the number of collaborating franchisees was **5,875**, an increase from **4,798** in the same period of 2024[32](index=32&type=chunk)[34](index=34&type=chunk) Changes in Franchisee Count (for the six months ended June 30) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Franchisee Count at Beginning of Period | 4,868 | 4,614 | | New Franchisees Added During Period | 1,338 | 551 | | Franchisees Exited During Period | 331 | 367 | | Franchisee Count at End of Period | 5,875 | 4,798 | [Product Offerings](index=11&type=section&id=Product%20Offerings) Goodme offers fruit tea, milk tea, and coffee beverages, continuously investing in R&D to maintain product appeal; in H1 2025, 52 new products were launched, with significant progress in coffee beverages, as over 8,000 stores were equipped with coffee machines and 16 new coffee drinks introduced, alongside sustained growth in mini-program members and active users - "Goodme" stores primarily sell fruit tea beverages, milk
东方财富证券:国庆中秋出行热度或创新高 出境游预订量持续向好
Zhi Tong Cai Jing· 2025-09-19 07:29
Group 1 - The core viewpoint is that the travel demand is expected to increase significantly during the 2025 National Day and Mid-Autumn Festival holiday, with a search volume increase of over 20% year-on-year [1] - Flight bookings for both domestic and international routes show a notable recovery, with domestic flight bookings exceeding 3.26 million per day, up 26% year-on-year, and international bookings exceeding 1.16 million, up 15% [2] - High-quality hotel bookings are experiencing a surge, with a year-on-year increase of 58% for popular hotels and over 20% for high-quality hotels during the holiday period [3] Group 2 - The outbound travel market is benefiting from visa-free policies, with significant increases in travel to South Korea, the Middle East, and Africa, with outbound travel numbers up 130% year-on-year [4] - Investment recommendations include focusing on OTA sectors such as Tongcheng Travel and Trip.com Group, as well as companies in the ice and snow industry like Changbai Mountain and Dalian Shengya, and tourism retail companies like China Duty Free Group and Wangfujing [5]
古茗(01364.HK)半年报点评:25H1收入及业绩端高增 单店GMV增长超20%
Ge Long Hui· 2025-09-10 22:12
Investment Highlights - The company reported a revenue of 5.66 billion yuan for H1 2025, representing a year-on-year increase of 41.2% [1] - Gross profit reached 1.79 billion yuan, also up by 41.0% [1] - Adjusted profit was 1.09 billion yuan, marking a 42.4% increase, with a significant adjustment item of 560 million yuan from financial liabilities fair value changes [1] - Adjusted core profit stood at 1.14 billion yuan, reflecting a 49.0% growth [1] Revenue Breakdown - Revenue from product equipment sales, franchise management services, and direct store sales were 450 million, 120 million, and 8 million yuan respectively, with year-on-year growth of 42%, 39%, and 14% [1] - Total GMV for H1 2025 reached 14.1 billion yuan, up 34.4% [1] - Average monthly GMV per store was 228,000 yuan, an increase of 20.6% [1] - Average daily cup sales per store were 439 cups, up 17.4% [1] Profitability Metrics - Gross margin remained stable at 31.5%, with an adjusted profit margin of 19.2%, up by 0.2 percentage points [1] - Sales, management, R&D, and financial expense ratios changed by -0.02, -0.4, -0.65, and +0.3 percentage points respectively [1] Store Expansion and Market Strategy - The total number of stores at the end of H1 2025 was 11,179, a 17.5% increase, with 1,570 new stores opened, up 105.2% [2] - 305 stores were closed, with the acceleration in store openings attributed to the recovery of the tea beverage market and strategic adjustments in store expansion [2] - The proportion of stores in second-tier cities and below was 81%, up 2 percentage points, while stores in townships accounted for 43%, up 4 percentage points [2] - The number of franchisees reached 5,875, a 22% increase, with an average of 1.9 stores per franchisee [2] Product Development and Membership Growth - A total of 52 new products were launched in H1 2025, including 16 new coffee products [2] - Over 8,000 stores are now equipped with coffee machines, and the company announced Wu Yanzu as the "Coffee Quality Partner" in June [2] - The number of registered members on the mini-program reached approximately 178 million, with about 50 million active members in Q2 [2] Logistics and Supply Chain - The company has established a leading self-owned cold chain storage and logistics system, with 22 warehouses and a cold storage capacity exceeding 61,000 cubic meters [2] - The fleet consists of 362 self-owned transport vehicles, with approximately 75% of stores located within a 150 km radius of warehouses [2] - About 98% of stores can receive cold chain delivery within two days, with delivery costs accounting for less than 1% of GMV [2] Future Outlook - The company expects rapid growth in same-store sales and forecasts net profits of 2.6 billion, 2.5 billion, and 3 billion yuan for 2025-2027, corresponding to PE ratios of 18, 19, and 16 times [2] - Adjusted net profits are projected to be 2.1 billion, 2.6 billion, and 3.1 billion yuan, with year-on-year growth rates of 38%, 22%, and 18% respectively [2]