智通财经APP讯，名创优品(09896)发布公告，于2026年1月26日该公司斥资197.07万港元回购5.26万股， 回购价格每股37.08-38.00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1月26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 ...

Core Insights - The report emphasizes the structural opportunities in both domestic demand and overseas expansion for 2026, particularly focusing on new services and new retail sectors [2][24] - It highlights the positive resonance between policy and fundamentals, suggesting that leading companies in the commercial sector are likely to benefit from policy stimuli and improve their fundamentals [2][4] Domestic Demand - The report identifies new services and new retail as the main lines for domestic demand, with a focus on the marginal changes in the fundamentals of related sub-sectors [2][5] - Specific sub-sectors showing price increase potential include: - **Hotels**: Strong leisure demand and optimized supply structure, with prices expected to remain stable or slightly increase. Recommended companies include Huazhu Group, Jinjiang Hotels, and Shoulv Hotels [2][3] - **Duty-Free**: With the opening of Hainan, the sector is stabilizing, and China Duty Free is highlighted as a key player [2][3] - **Gold and Jewelry**: The report notes a high volatility in gold prices but anticipates improved terminal sales. Recommended companies include Chow Tai Fook and Lao Puhuang [2][3] - **Mother and Baby**: Leading companies are expected to maintain steady growth, supported by favorable policies. Recommended companies include Kidswant and Aiyingshi [2][3] Sub-Sectors Driven by Volume Growth - The report suggests focusing on the Consumer Price Index (CPI) for sectors primarily driven by volume growth: - **Supermarkets**: CPI increases are beneficial for same-store sales, with a shift in focus from store adjustments to supply chain reforms. Recommended companies include Yonghui Superstores and Jiajiayue [3][5] - **Tourism**: The report highlights the potential for expansion and asset integration in the tourism sector, recommending companies like Jiuhua Tourism and Changbai Mountain [3][5] - **Dining**: Emphasizes refined operations and incentives for leading companies, with recommendations including Yum China and Haidilao [3][5] - **Tea Drinks**: The report notes that delivery subsidies may impact pricing, with store openings expected to drive growth. Recommended companies include Mixue and Gu Ming [3][5] Overseas Expansion - The report indicates that leading companies with high barriers to entry are expected to continue showing strong performance in overseas markets, with a focus on brand building and diversified destinations [4][24] - Recommended companies for overseas expansion include: - **Small Commodity City** and **Miniso**: Both are noted for their strong performance and brand development [4][24] - **Anker Innovations** and **Sumida**: Highlighted for their competitive advantages in specific segments [4][24] Investment Recommendations - The report suggests that for 2026, investors should focus on sectors benefiting from policy support and those with strong performance certainty in overseas markets [5][24] - It emphasizes the importance of monitoring the recovery of volume in certain sectors while maintaining a cautious approach to pricing stability [5][24]

Core Insights - MINISO has strategically launched its innovative store format MINISO LAND in Chongqing, marking its first entry into the southwestern market with the opening of two flagship stores in key commercial districts [1][4]. Group 1: Strategic Expansion - The dual-store opening in Chongqing targets two major commercial engines: the Jiefangbei-Chaotianmen area, known for its cultural and tourism significance, and the Guanyinqiao shopping district, recognized as a fashion trendsetter [4]. - This strategic positioning allows MINISO to cover both tourist and local young consumer demographics, enhancing its market penetration and influence in the southwestern region [4]. Group 2: Retail Experience Innovation - MINISO LAND redefines the retail experience through immersive and curated spaces, with the Jiefangbei store spanning over 1,600 square meters and featuring an artistic wonderland, while the Guanyinqiao store, themed "Interstellar Paradise," covers over 1,400 square meters with a blend of virtual and real design elements [6]. - The stores are designed to facilitate exploration and social interaction, aligning with the aesthetic preferences of Generation Z, thus transforming traditional shopping into an experience-driven environment [6]. Group 3: IP Strategy and Brand Value - The Chongqing stores leverage a dual IP strategy, featuring over 80% of products from globally recognized IPs such as Hello Kitty and Harry Potter, with more than 6,100 SKUs available [8]. - This approach not only attracts consumer traffic but also fosters emotional connections through exclusive experiences, reinforcing MINISO's transition from a retail channel to an IP content ecosystem operator [8]. Group 4: Future Expansion Outlook - The successful performance of the Chongqing stores during the trial period validates MINISO's business model and IP strategy, indicating potential for replication in other markets [10]. - By establishing immersive IP landmarks in high-potential urban areas, MINISO aims to drive innovation in urban commerce and enhance consumer quality, with plans for further expansion across the country and globally [10].

智通财经APP讯，名创优品(09896)发布公告，于2026年1月21日，该公司斥资80.27万港元回购2.12万股 股份，每股回购价37.72-38港元。 ...

格隆汇1月21日丨名创优品(09896.HK)发布公告，2026年1月21日耗资80.3万港元回购2.12万股。 ...

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1月21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 | 佔有關 ...

| MNSO 名创优品 | | | | --- | --- | --- | | 19.080 + -0.210 -1.09% | | 收盘价 01/20 15:59 美东 | | 19.510 ↑ 0.430 +2.25% | | 盘前价 01/21 04:20 美东 | | 三 71 24 华 S 5 日 ♥ 自选 | | ● 快捷交易 | | 最高价 19.560 | 开盘价 19.190 | 成交量 63.69万 | | 最低价 19.040 | 昨收价 19.290 | 成交额 1221.15万 | | 平均价 19.171 | 市福率 19.08 | 总市值 59.03亿(--) | | 振 幅 2.70% | 市盈率(静) 15.81 | 总股本 3.09亿 | | 换手率 0.66% | 市净率 3.824 | 流通值 18.46亿 | | 52周最高 26.422 | 委 比 60.00% | 流通股 9674.98万 | | 52周最低 13.779 量 比 1.38 | | 色 主 1胎 | | 历史最高 31.333 股息TTM 0.624 | | 换股比率 4.00 | | 历史最低 ...

本文源自：金融界AI电报 名创优品公告，2026年1月20日回购51280股，支付总价24.59万美元，每股回购价为4.76-4.88美元。 ...

智通财经APP讯，名创优品(09896)发布公告，该公司于2026年1月20日斥资24.59万美元回购5.13万股股 份，每股回购价格为4.7625-4.875美元。 ...