Core Viewpoint - The stock of Hu Shang A Yi (02589) has seen a recovery, rising over 10% to HKD 91.6, with a trading volume of HKD 37.14 million [1] Group 1: Company Announcements - Hu Shang A Yi announced a board resolution to adopt an H-share incentive plan, which will take effect after approval at an upcoming extraordinary general meeting [1] - The H-share incentive plan allows for the issuance of reward shares up to 5% of the total number of company shares as of the adoption date [1] Group 2: Market Position and Growth - According to data from Jihai Brand Monitoring, Hu Shang A Yi has reached a total of 10,739 stores nationwide, successfully entering the "10,000-store club" [1] - The company has introduced a limited-time subsidy policy for experienced individuals in the chain tea and coffee industry, offering up to HKD 50,000 in opening subsidies [1]

Core Viewpoint - The stock of Hu Shang A Yi (02589) has seen a significant increase of over 10%, currently trading at 91.6 HKD with a transaction volume of 37.14 million HKD, following the announcement of an H-share incentive plan [1] Group 1: Company Developments - Hu Shang A Yi's board has proposed an H-share incentive plan, which will take effect after approval at an upcoming extraordinary general meeting [1] - The maximum number of shares to be granted under the H-share incentive plan is capped at 5% of the total number of company shares as of the adoption date [1] Group 2: Market Position and Expansion - According to data from Jihai Brand Monitoring, Hu Shang A Yi has reached a milestone of 10,739 stores nationwide, entering the "10,000-store club" [1] - The company has announced a new policy for November, offering limited-time subsidies for opening stores in the chain tea and coffee industry, with a maximum subsidy of 50,000 HKD [1]

Group 1 - The Hong Kong stock market for new consumption concepts showed strength at the beginning of trading on November 10, with notable gains in several stocks [1] - "Hushang Auntie" (02589.HK) surged over 10%, indicating strong investor interest [1] - "Pop Mart" (09992.HK) rebounded with an increase of over 6%, reflecting positive market sentiment [1] Group 2 - Other stocks in the sector, including "Weilong Delicious" (09985.HK), "Naixue's Tea" (02150.HK), "Chabaidao" (02555.HK), and "Mixue Group" (02097.HK), also experienced upward movement [1]

智通财经APP讯，沪上阿姨(02589)公布，于2025年11月7日，董事会决议建议采纳H股激励计划。H股激 励计划经股东于公司将予召开的临时股东会上审议批准后生效。H股激励计划下授出奖励股份的上限为 于H股激励计划采纳日期公司股份总数的5%。 ...

Core Viewpoint - The company, Hu Shang A Yi (02589.HK), announced a board resolution to propose an H-share incentive plan, which will take effect upon approval at an upcoming extraordinary general meeting of shareholders [1] Group 1 - The H-share incentive plan is aimed at motivating and retaining key personnel within the company [1] - The proposal will be subject to shareholder approval at a forthcoming extraordinary general meeting [1]

Group 1 - The company,沪上阿姨 (02589), announced a board resolution to adopt an H-share incentive plan on November 7, 2025 [1] - The H-share incentive plan will take effect after approval by shareholders at an upcoming extraordinary general meeting [1] - The maximum number of reward shares to be granted under the H-share incentive plan is capped at 5% of the total number of company shares as of the adoption date [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 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：02589） （1）建議採納H股激勵計劃 及 （2）建 議 授 權 董 事 會 及╱或 授 權 人 士 辦 理H股激勵計劃有關事宜 建議採納H股激勵計劃 滬上阿姨（上 海）實業股份有限公司（「本公司」，與 其 附 屬 公 司 合 稱「本集團」）董事會 （「董事會」）欣 然 宣 佈，於2025年11月7日，董 事 會 決 議 建 議 採 納H股激勵計劃（「H股 激 勵計劃」或「計 劃」）。H股激勵計劃經股東於本公司將予召開的臨時股東會上審議批 准 後 生 效。 1. H股激勵計劃的目的 Auntea Jenny (Shanghai) Industrial Co., Ltd. 滬上阿姨（上海）實 ...

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10月31日 狀態: 新提交 公司名稱: 滬上阿姨（上海）實業股份有限公司 呈交日期: 2025年11月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02589 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 59,426,726 | RMB | | 1 RMB | | 59,426,726 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 59,426,726 | RMB | | 1 RMB | | 59,426,726 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | | 於香港 ...

Core Insights - The company "沪上阿姨" is significantly increasing its subsidies for franchise partners, particularly targeting those with experience in the tea and coffee industry, to attract high-quality partners and enhance its brand reputation and profitability [8][11][37] Group 1: Franchise Policy Changes - The new franchise policy includes a reduction of the franchise fee by 15,000 yuan for first-time store owners, along with additional subsidies for equipment, logistics, and decoration [3][4] - Experienced franchisees in the tea and coffee sector can receive up to 50,000 yuan in subsidies, a substantial increase from the previous policy [8][12] - New partners who authorize two stores within 30 days can receive a material subsidy of 20,000 yuan [10] Group 2: Store Expansion and Performance - As of the latest financial report, "沪上阿姨" operates 9,436 stores, with 905 new openings and 645 closures, indicating a slowdown in expansion [12][36] - The majority of the stores, 99.7%, are operated by franchisees, with plans for 1,164 new franchise stores to be opened by existing franchisees in 2024 [13][14] Group 3: Market Strategy and Seasonal Preparation - The company aims to leverage the off-peak season to prepare for the upcoming consumer peak during the holiday season, ensuring new stores are operational in time for increased demand [25][26] - The strategy includes attracting franchisees through subsidies to ensure timely openings, aligning with the holiday shopping surge [27] Group 4: Supply Chain and Financial Performance - "沪上阿姨" has established a comprehensive supply chain network, including 13 major warehouses and various cold chain facilities, which supports its operational efficiency and cost management [29][30] - Following its IPO, the company's stock price has dropped over 50%, indicating pressure on its market performance and the need for strategic adjustments [33][36]

Group 1 - The stock price of Hu Shang A Yi has dropped over 50% since its IPO, indicating a weak performance in the market [1] - The company reported a revenue of 1.818 billion yuan, a year-on-year increase of 9.7%, and a net profit of 203 million yuan, a year-on-year increase of 20.9% for the first half of the year [1] - Compared to competitors, Hu Shang A Yi's profitability is significantly lower, with a net profit margin of only 11.16%, while competitors like Gu Ming and Mi Xue Ice City have net profit margins of 28.72% and 18.3% respectively [1] Group 2 - Zhongyou Securities forecasts revenue growth rates for Hu Shang A Yi at 28%, 19%, and 15% from 2025 to 2027, with net profit growth rates at 46%, 33%, and 17%, indicating a clear downward trend [2] - Hu Shang A Yi's revenue growth predictions by Huaxin Securities are 19.51%, 17.77%, and 14.39% for the same period, with net profit growth rates of 52.26%, 18.22%, and 15.14%, also showing a declining growth trend [2]