Group 1 - The new consumption concept in Hong Kong stocks is showing active performance, with notable increases in companies such as Giant Bio (+5.54%), Mao Geping (+4.42%), Miniso (+3.92%), and Pop Mart (+3.79%) [2][3] - The State Council has issued a plan to accelerate the cultivation of new growth points in service consumption, focusing on enhancing key areas such as transportation, housekeeping, online audio-visual services, and inbound consumption [2][4] Group 2 - Pop Mart's new product series, PUCKY and Starry People, have gained significant popularity, with market estimates suggesting that the valuation of Pop Mart's IP potential is still underestimated [5] - Recent trends indicate that Pop Mart's new products are selling out on official websites and commanding high premiums on second-hand platforms, with hidden versions priced at 2-3 times and 3-6 times their original prices [5] - The cosmetics industry is projected to grow, with a retail sales increase of 6.18% year-on-year in 2023, as consumer spending stabilizes and the demand for product upgrades continues [5] Group 3 - The channel landscape is showing differentiated characteristics, with platforms like Douyin leading in sales and Tmall achieving its best growth in four years during the Double Eleven shopping festival [6] - Local brands are steadily increasing their market share, although market differentiation is intensifying, with companies like Anta, Pop Mart, and Haidilao identified as industry favorites for optional consumption [6][7] - Five major investment themes have been identified for 2026, focusing on emotional value consumption, health and wellness needs, the silver economy, emerging channel penetration, and multi-brand strategies [7]

Core Viewpoint - Miniso (09896) has seen a stock price increase of over 4%, currently trading at HKD 37.66, with a transaction volume of HKD 66.67 million, following its announcement of a partnership with China Central Television for the 2026 Spring Festival Gala [1] Group 1: Partnership and Collaboration - Miniso officially announced its partnership with China Central Television for the 2026 Spring Festival Gala, marking its first collaboration with the event [1] - The co-branded product series for the Year of the Horse will be launched on February 4, 2026, indicating a strategic move to engage with a broader audience [1] Group 2: Market Strategy and Brand Transformation - The collaboration is viewed as a significant leap in Miniso's "interest consumption" strategy, facilitating its transformation from a retail company to a cultural and creative enterprise [1] - The company has successfully incubated 16 proprietary IPs and established partnerships with 180 international IPs, with the global sales of the "Zootopia" co-branded series reaching nearly HKD 1 billion [1] - Future focus will be on incubating original IPs, leveraging a channel strategy of "opening large stores and operating well," and adopting a "retail + entertainment" dual-drive model to transition into a leading global IP operation platform [1]

智通财经APP讯，名创优品(09896)发布公告，于2026年2月4日该公司斥资189.72万港元回购5.26万股， 回购价格为每股35.60-36.58港元。 ...

格隆汇2月4日丨名创优品(09896.HK)发布公告，2026年2月4日耗资189.7万港元回购5.26万股，回购价格 每股35.6-36.58港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 名創優品集團控股有限公司 呈交日期： 2026年2月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09896 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有 ...

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: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 名創優品集團控股有限公司 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 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) | 09896 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | 0.00001 | USD | | 100,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | 0.00001 | USD | | 100,000 | 本月底法定/註冊股本總額： USD 100, ...

名创优品（09896）发布公告，于2026年2月3日，该公司斥资23.76万美元回购5.12万股股份。 来源：新浪港股 ...

格隆汇2月4日丨名创优品(09896.HK)公告，2月3日耗资23.76万美元回购5.12万股，每股回购价4.61- 4.6675美元。 ...

智通财经APP讯，名创优品(09896)发布公告，于2026年2月3日，该公司斥资23.76万美元回购5.12万股股 份。 ...

公司名稱： 名創優品集團控股有限公司 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 | | | FF305 第 2 頁 共 7 頁 v 1.3.0 FF305 呈交日期： 2026年2月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09896 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | ...