Investment Rating - The report assigns an "Outperform" rating to multiple companies including Pop Mart, Anta Sports, and Haidilao, while Budweiser APAC is rated "Neutral" [1]. Core Insights - The report highlights significant product launches and collaborations in the food and beverage sector, such as Luckin Coffee's "Mung Bean Latte" and Guming's Pomelo series, indicating a trend towards innovative offerings [6]. - The performance of key companies in the restaurant sector shows strong growth, with Xiabuxiabu leading at +13.5% for the week, suggesting a positive market sentiment [7]. - The designer toys sector is also noted for its performance, with Bloks showing an increase of +8.6%, while Miniso experienced a decline of -1.6% [7]. Summary by Category Food & Beverage - Key companies like Xiabuxiabu, Chabaidao, and Guming have shown significant weekly gains, indicating robust consumer interest and market performance [2][4]. - New product launches, such as those from Luckin Coffee and Guming, are expected to drive further sales and customer engagement [6]. Designer Toys - The sector has seen varied performance, with Bloks performing well while Miniso faced challenges, reflecting competitive dynamics within the market [7]. Home Appliances - TCL Electronics has shown a strong performance with a +7.1% increase, while other companies like JS Global Life and Roborock have underperformed, indicating a mixed outlook for the sector [2][4].

Investment Rating - The report suggests a focus on undervalued downstream brands or OEM industries with low expectations and dividend attributes, indicating a positive investment outlook for these sectors [2]. Core Insights - The report emphasizes the need to identify high-potential companies that can generate quality profits, particularly in the new consumption sector, as the market approaches the mid-year reporting season [2]. - It highlights the importance of focusing on companies with strong brand power and those that can benefit from the ongoing expansion of the overseas market, particularly in the context of the new consumption narrative [2][20]. - The report also notes that various sectors, such as light manufacturing, textiles, and home appliances, are showing signs of stabilization or growth, suggesting potential investment opportunities [3][5][25]. Summary by Relevant Sections Light Manufacturing - New tobacco products are expected to grow steadily, with a clear expansion trend in the overseas vaping market and a positive outlook for the HNB industry [3][20]. - The home furnishings sector is stabilizing, with a focus on companies that can demonstrate resilience and growth potential [3][20]. - The paper industry is entering a demand peak in Q3, with significant price recovery potential [3][21]. - The toy industry continues to expand, with strong performance from leading companies like Pop Mart [3][21]. Textiles and Apparel - The apparel sector is experiencing weak consumer demand, but there are opportunities in unique and differentiated brands, especially in new retail formats [3][23]. - The export market faces uncertainties due to potential tariffs, which could impact pricing and demand [3][23]. Beauty and Personal Care - The beauty sector is advised to focus on leading companies with strong mid-year performance and those with significant potential for price recovery [3][24]. Home Appliances - Skyworth's acquisition of Philips' North American business is expected to enhance its market presence and product offerings in high-end segments [3][25]. - The TV market is experiencing price declines, but demand is anticipated to recover in Q3 [3][25][26]. Retail and Social Services - The retail sector is under pressure, but there are signs of improvement in certain areas, such as instant retail and dining services [3][27][28]. - The report notes that the tourism and restaurant sectors are maintaining high levels of activity, indicating a positive trend [3][27]. Overall Market Trends - The report suggests that the new consumption narrative is gaining traction, with a focus on companies that can deliver high-quality profits and those that are well-positioned for growth in the evolving market landscape [2][8].

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： 2025年7月13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 | | 佔有關事件前的現有已發 | | | 每股發行/出售價 (註4) | 已發行股份 ...

Company Performance - MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $17.74, reflecting a -1.93% change from the previous day, underperforming the S&P 500's daily loss of 0.33% [1] - Over the past month, MNSO shares have decreased by 1.47%, while the Retail-Wholesale sector gained 0.67% and the S&P 500 increased by 4.07% [1] Upcoming Earnings - The upcoming earnings disclosure is highly anticipated, with a consensus estimate forecasting revenue of $672.03 million, representing a 21.03% growth compared to the same quarter last year [2] Annual Forecast - For the entire year, Zacks Consensus Estimates predict earnings of $1.12 per share and revenue of $2.9 billion, indicating changes of -2.61% for earnings and +22.75% for revenue compared to the previous year [3] Analyst Revisions - Recent revisions to analyst forecasts for MNSO are important as they reflect near-term business trends, with positive revisions indicating optimism about the business outlook [4] Zacks Rank - The Zacks Rank system currently rates MNSO as 5 (Strong Sell), with no changes in the consensus EPS estimate over the past month [6] Valuation Metrics - MNSO is trading at a Forward P/E ratio of 16.22, which is a discount compared to its industry's Forward P/E of 17.97 [7] - The company has a PEG ratio of 1.06, while the average PEG ratio for Retail - Apparel and Shoes stocks is 2.02, indicating a more favorable valuation relative to expected earnings growth [8] Industry Context - The Retail - Apparel and Shoes industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 209, placing it in the bottom 16% of over 250 industries [8][9]

Market Capitalization Summary - New Oriental has a market capitalization of 15.067 billion [2] - TAL Education has a market capitalization of 9.000 billion [2] - Vipshop has a market capitalization of 8.787 billion [2] - Pinduoduo has a market capitalization of 7.726 billion [2] - Zai has a market capitalization of 6.389 billion [2] - BeiGene has a market capitalization of 8.516 billion [2] - Xpeng Motors has a market capitalization of 5.528 billion [2] - 36Kr has a market capitalization of 3.631 billion [2] - Weibo has a market capitalization of 2.791 billion [2] Stock Performance - New Oriental's stock decreased by 0.49 (-2.53%) [2] - TAL Education's stock decreased by 0.46 (-2.08%) [2] - Vipshop's stock increased by 0.19 (+5.15%) [2] - Pinduoduo's stock decreased by 0.85 (-1.60%) [2] - BeiGene's stock decreased by 0.01 (-0.03%) [2] - Xpeng Motors' stock decreased by 1.40 (-4.09%) [2] Additional Company Insights - Huya's stock increased by 0.19 (+5.03%) [3] - 36Kr's stock decreased by 0.14 (-1.64%) [3] - Weibo's stock decreased by 0.11 (-1.07%) [2] - Financial One's stock increased by 0.10 (+1.34%) [3] - Cheetah Mobile's stock decreased by 0.02 (-0.77%) [3]

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： 2025年7月11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 | | 佔有關事件前的現有已發 | | | 每股發行/出售價 (註4) | 已發行股份 ...

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： 2025年7月11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 。 FF305 | 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 | | | | ...

Market Capitalization Summary - TAL Education Group has a market capitalization of 15.459 billion [2] - Vipshop Holdings has a market capitalization of 9.189 billion [2] - 51Talk has a market capitalization of 8.648 billion [2] - The market capitalization of various companies shows fluctuations, with TAL Education Group increasing by 9.21% [2] Stock Performance - TAL Education Group's stock price increased by 1.63, representing a 9.21% rise [2] - Vipshop Holdings' stock price decreased by 0.06, reflecting a 0.40% decline [2] - 51Talk's stock price increased by 0.36, indicating a 0.68% rise [2] - Other companies like Miniso and Weibo also show varied stock performance, with Miniso's stock price decreasing by 1.97% [2] Company Specifics - New Oriental Education has a market capitalization of 7.728 billion, with a stock price increase of 6.18% [2] - JD.com has a market capitalization of 64.38 billion, with a stock price decrease of 0.40% [2] - Other companies like Huya and Sohu have market capitalizations of 5.70 billion and 4.19 billion respectively, with mixed stock performance [2][3] Emerging Companies - Companies like Xunlei and Yunmi have market capitalizations of 3.85 million and 1.97 million respectively, with Xunlei's stock price decreasing by 2.94% [3] - New entrants like Tianjing Bio and Cheetah Mobile show market capitalizations of 1.67 million and 1.52 million respectively, with varied stock performance [3] Overall Market Trends - The overall market shows a mix of gains and losses across various sectors, indicating a volatile trading environment [2][3]

Group 1 - The market capitalization of various companies is highlighted, with TAL Education Group at 15.41 billion, Vipshop at 9.12 billion, and others showing significant fluctuations in their stock prices [2] - Notable stock price changes include TAL Education Group increasing by 1.57 (+8.90%) and Vipshop decreasing by 0.09 (-0.41%) [2] - Companies like JD Health and Weibo also show market capitalizations of 23.40 billion and 17.98 billion respectively, with slight increases in their stock prices [2] Group 2 - Smaller companies such as New Oxygen and Thunder have market capitalizations of 2.98 million and 2.92 million, with New Oxygen experiencing a stock price increase of 0.07 (+2.25%) [3] - The performance of companies like Huami and Tuniu is noted, with Huami's market cap at 1.07 million and a stock price increase of 0.59 (+6.83%) [3] - The overall market trends indicate a mix of gains and losses across various sectors, reflecting the volatility in the market [3]

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： 2025年7月10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 | | 佔有關事件前的 ...