Group 1 - Miniso (09896) shares increased by over 5%, reaching a price of 40.42 HKD with a trading volume of 268 million HKD [1] - Yonghui Supermarket (601933) announced plans to raise up to 4 billion CNY through a private placement for store upgrades, logistics improvements, and working capital [1] - The upgrade project will involve 298 stores adopting the "Fat Donglai model" [1] Group 2 - Miniso invested 6.27 billion CNY to acquire a 30% stake in Yonghui Supermarket, expected to be completed by September 2024 [1] - The "Guzi Economy" is emerging as a core driver of new consumption in China, influenced by self-consumption needs and the rise of domestic IP [1] - Miniso has collaborated with over 150 well-known IPs globally, with significant partnerships among the top IP licensors [1][1] - The subsidiary brand TOPTOY achieved total revenue of 340 million CNY in Q1 2025, marking a 59% year-on-year growth [1]