Core Insights - MINISO has been awarded the "Best New Store Concept" at the MAPIC Awards 2025 for its innovative MINISO LAND store concept, which emphasizes experiential retail and IP-driven content [1][2][5] Group 1: Award Recognition - The MAPIC Awards are recognized as a leading accolade in the global commercial real estate sector, celebrating creativity and commercial impact in retail innovation [2][6] - The jury highlighted MINISO LAND's high return rate and strong consumer appeal, positioning it as a destination brand that enhances foot traffic for property owners [6][9] Group 2: Store Concept and Performance - MINISO LAND features over 70 iconic IP zones, with 70-80% of products being IP collaborations, creating immersive shopping experiences [4][5] - Since its opening, the Shanghai MINISO LAND has generated over 100 million yuan (approximately US$14 million) in sales within nine months, with IP products contributing 79.6% of revenue and a repeat purchase rate of 35%-40% [5][6] Group 3: Global Expansion Strategy - Following the success of MINISO LAND, the company is accelerating its global deployment, aiming to create immersive environments that extend beyond traditional shopping [7][9] - MINISO has established flagship stores in key European cities, including Paris, London, Madrid, and Amsterdam, with a total of 319 stores opened in Europe by June 2025 [8][9]

顾客在泡泡玛特英国伦敦牛津街店内选购。 阮秋玄不仅能准确说出多部中国剧中人物的中文名字，还专门报名学习中文。"剧中人物的服饰、礼仪 都美得让人心醉。"她说，"更吸引我的是中国影视剧那些传承千年的价值观念——忠孝节义、家国情 怀。" 像阮秋玄这样的越南年轻人不在少数。河内师范大学的学生陈氏梅甚至组建了"中国古装剧迷"社团，不 时举办观影活动。"《甄嬛传》里精致的宫廷礼仪，《知否知否应是绿肥红瘦》中展现的宋代美学， 《庆余年》里巧妙的诗词运用，都让我们着迷。"她说。 在英国伦敦卡姆登区，一名小女孩刚走出中国潮玩门店，就迫不及待地拆开手中的"拉布布"盲盒，脸上 绽放出笑容。身旁的父亲轻声问："是不是很开心？"小女孩用力地点了点头。 如今，在伦敦的地铁、街头，记者时常能看到背包上挂着"拉布布"、哪吒等中国潮流玩具的行人，每有 中国潮玩新店开业也总能吸引大量粉丝排队等候。 新华社记者 李 颖摄 从中式新茶饮的美学浸润到中国潮玩的创意绽放，如今，越来越多中国品牌正通过创新设计承载文化内 核，以多元形态不断走进海外消费者日常生活，让世界更直接地触摸到中国文化的独特魅力。 午后时分，马来西亚吉隆坡市中心的中国新式茶饮品牌霸王 ...

从中式新茶饮的美学浸润到中国潮玩的创意绽放，如今，越来越多中国品牌正通过创新设计承载文 化内核，以多元形态不断走进海外消费者日常生活，让世界更直接地触摸到中国文化的独特魅力。 中式新茶饮：从浓厚茶香中感受中国美学意境 午后时分，马来西亚吉隆坡市中心的中国新式茶饮品牌霸王茶姬门店前，人潮涌动。店内，几名正 在喝茶畅聊的当地女孩身着色彩鲜艳的马来服饰，与奶茶杯上的水墨图样相映成趣，构成一幅"中式奶 茶+马来服饰"的靓丽画面。 傍晚时分的越南河内古街，街角咖啡馆里飘出数年前中国热播剧《三生三世十里桃花》的悠扬旋 律，三五成群的年轻人正热烈讨论着当下热播剧《天地剑心》的剧情。在河内一家设计公司工作的阮秋 玄，每天下班后的第一件事就是打开视频网站，追看中国热播剧。 阮秋玄不仅能准确说出多部中国剧中人物的中文名字，还专门报名学习中文。"剧中人物的服饰、 礼仪都美得让人心醉。"她说，"更吸引我的是中国影视剧那些传承千年的价值观念——忠孝节义、家国 情怀。" 在阮秋玄看来，《琅琊榜》中梅长苏的坚韧与智慧，《长安十二时辰》里张小敬的担当与勇气，这 些人物形象所承载的精神内涵，能够"触动不同文化背景观众的心灵深处"。 像阮秋玄这 ...

Group 1 - The report highlights a structural differentiation in consumption performance since 2025, with companies like Pop Mart, Miniso, and Lao Pu Gold successfully expanding overseas, leading to better performance for export-oriented companies [1][2] - By 2026, the report anticipates an acceleration in consumer exports, driven by a backdrop of the Federal Reserve entering a rate-cutting cycle and easing tariffs, with Southeast Asia surpassing the US as China's largest export destination [1][2] - The report outlines three main paths for companies going overseas: raw materials and medical devices, skincare products leveraging cost-effectiveness and Chinese herbal ingredients, and acquisitions to expand global market presence [2][3] Group 2 - The beauty industry is characterized by a steady global market demand, with emerging markets in Southeast Asia showing higher growth potential compared to East Asia and Europe [2] - The jewelry market is experiencing demand differentiation, with product upgrades and a broader consumer base, particularly in Asia, North America, and Europe [2][3] - The cross-border e-commerce sector is witnessing a globalized supply chain, with significant competition in Southeast Asia, and a shift towards high-value consumer electronics in the region [3][4] Group 3 - Investment recommendations include focusing on companies with strong organizational structures and management capabilities in the beauty sector, such as Mao Ge Ping and Shangmei, while recommending premium jewelry brands like Lao Pu Gold and Chao Hong Ji [3][4] - The report suggests that the cross-border e-commerce sector will benefit from tariff conflicts easing and a recovering demand cycle, recommending companies like Xiao Shangpin City and Jiao Dian Technology [3][4] - The retail sector is expected to improve due to effective adjustments, with a focus on companies like Miniso and Yonghui Supermarket [3][4]

格隆汇11月10日丨名创优品(09896.HK)宣布，将于2025年11月21日（星期五）召开董事会会议，藉以考 虑及批准（其中包括）本公司截至2025年9月30日止三个月的未经审计财务业绩及其发布。 ...

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。 MINISO Group Holding Limited 名創優品集團控股有限公司 （於開曼群島註冊成立的有限責任公司） （股份代號：9896） 董事會會議日期 名創優品集團控股有限公司（「本公司」）董事會（「董事會」）宣佈，將於2025年11 月21日（星期五）召開董事會會議，藉以考慮及批准（其中包括）本公司截至2025 年9月30日止三個月的未經審計財務業績及其發佈。 本公司的管理層將於美國東部時間2025年11月21日（星期五）上午四時正（同日北 京時間下午五時正）舉行業績電話會議以討論財務業績。英語同聲傳譯將於電話 會議中提供。電話會議可通過以下方式接入： 連接方式2 收聽會議的人士可通過撥打以下號碼並使用與連接方式1相同的會議號及密碼接 入會議。 1 | 美國： | +1 689 278 1000（或+1 719 359 4580） | | --- | --- | | 中國香港： | +852 ...

Core Points - MINISO Group plans to release its financial results for the September quarter of 2025 before the U.S. market opens on November 21, 2025 [1] - An earnings conference call will be held on the same day at 4:00 A.M. Eastern Time to discuss the financial results, with simultaneous interpretation in English [2] - The conference call can be accessed via Zoom or by dialing specific phone numbers for various regions [3][4] Company Overview - MINISO Group is a global value retailer known for offering trendy lifestyle products with IP design, aiming to provide a delightful shopping experience [6] - The company has established a significant store network worldwide since its first store opened in China in 2013, building the MINISO brand as a globally recognized retail name [6]

Investment Rating - The report suggests a focus on the Hainan sector and sub-sectors with performance elasticity during the Spring Festival, indicating a positive medium-term outlook for new consumption growth, transformation recovery, overseas expansion, and policy benefits [3] Core Insights - Following the new gold tax policy, there has been a price increase in gold jewelry at retail terminals, highlighting the importance of brand strength and product quality [1][2] - The new tax policy differentiates between investment and non-investment uses of standard gold, affecting tax deductions and pricing strategies for retailers [2] - Major brands have raised their gold prices post-policy implementation, with increases ranging from 58 to 70 CNY per gram for leading brands [2] Summary by Sections 1. Market Review - The retail index increased by 0.31% this week, underperforming the Shanghai Composite Index by 0.77 percentage points [9] - The retail sector's performance ranked 17th among all sectors during this period [9] 2. Company Dynamics - Small Commodity City has acquired land for a cultural and commercial complex for 3.2 billion CNY [16] - West China Tourism plans to issue up to 30.61 million shares to raise no more than 300 million CNY for working capital and debt repayment [16] 3. Industry Dynamics - Xiaohongshu has obtained a payment license, indicating a significant development in the digital payment landscape [22] - Starbucks has partnered with Boyu Capital to expand its retail operations in China, aiming to increase the number of stores to 20,000 [22] - JD's global sales during the Double 11 event saw a transaction volume increase of over 300% in cross-border shipping areas [23]

Investment Rating - The report assigns an "Outperform" rating to multiple companies including Pop Mart, Anta Sports, Haidilao, and China Feihe, while Budweiser APAC is rated "Neutral" [1]. Core Insights - The report highlights significant developments in the food and beverage, trendy toy, and home appliance sectors, including share repurchase announcements and new store openings [7]. - Yum China reported a revenue of $3.206 billion for Q3 2025, a 4% year-on-year increase, with a net profit of $282 million, down 5% year-on-year [7]. - The membership scale of Guoquan exceeded 60 million, achieving its annual target ahead of schedule [7]. Weekly Performance Summary - Helens saw a strong performance with an 8.0% increase in stock price, while companies like Dashi Co. and Pop Mart experienced declines of 13.0% and 7.6% respectively [2][8]. - In the home appliance sector, Roborock and Ecovacs faced declines of 5.5% and 7.6% respectively [8]. Company Developments - Helens announced a share repurchase plan for up to 10% of its issued shares [7]. - Auntea Jenny adopted an H-share incentive plan, allowing for the purchase of up to 5% of its total shares through market transactions [7]. - Miniso opened its first Miniso Land in Hangzhou, featuring a new product line in collaboration with "Zootopia 2" [7].

"非常切合当下年轻人的购买需求，美妆区有一些小众品牌的专柜，价格也不贵。"20多岁潮玩爱好者吴女士 告诉记者，她一次性花了200多元，买了卸妆油、香薰、潮玩挂件等。 根据名创优品集团最新财报显示，第二季度该集团总营收达到了49.7亿元，同比增长23.1%。该季度毛利率 44.3%，较去年同期上升40个基点。 当下，深圳正通过"首店经济"推动消费提质升级，而潮玩成为其中的重要内容。 今年7月，深圳大悦城作为粤港澳大湾区首座大悦城，引入英国百年皇室御用玩具品牌Hamleys华南首店，引 来很多网红争先打卡。 金光华广场引入了21家首店品牌，并在B1、B2层引入WANGXIAOBEN、TOP TOY等高流量潮玩品牌。 深圳不仅是中国潮玩产业的策源地，更成为全国潮玩经济的风向标。数据显示，深圳以超3000家潮玩相关企 业数量稳居全国首位，占全国潮玩企业总量的14.4%。这些企业涵盖了从设计、生产到销售、出口等潮玩的 各个环节，形成了完整的产业链。 【深圳商报讯】（记者 李佳佳 文/图）日前，名创优品MINISO FRIENDS华南首店亮相深圳宝安海雅缤纷 城。该店以"迷你IP乐园"为定位，通过沉浸式IP体验与商业空间 ...