天价LABUBU引热新消费！如何解读Z世代的财富密码？

Group 1: LABUBU's Market Performance - LABUBU's unique mint green collectible sold for 1.08 million yuan at an auction, highlighting its exclusivity and high demand [1] - The company's market value reached 347.5 billion HKD, with its founder Wang Ning becoming the new richest person in Henan with a net worth of 20.3 billion USD [1] - The secondary market for LABUBU products shows significant price premiums, with the hidden variant "Ben Wo" averaging 1,200 yuan, over 10 times its original price [1] Group 2: New Consumption Trends - The rise of new consumption reflects a shift from traditional value-for-money and functionality to quality and personal satisfaction, driven by technological advancements and new business models [2] - New consumption is characterized by a "consumption grading" phenomenon, where consumers are willing to pay for quality at lower prices and justified premiums [5] - The Z generation's consumption behavior, emphasizing value and quality, is a key driver of the new consumption wave [5] Group 3: Supply Side Dynamics - The supply side benefits from ongoing infrastructure improvements and increased digital R&D investments, leading to an intelligent upgrade in consumer goods [7] - Historical insights from Japan's consumption changes in the 1990s provide valuable lessons for understanding current new consumption trends [7] Group 4: Market Outlook - The current liquidity-driven environment favors high-growth assets, making new consumption a focal point for investment [8] - Performance validation through fundamental research shows promising growth potential in new consumption companies, with one leading Hong Kong stock projected to achieve a net profit of 3.125 billion yuan in 2024, a 188.77% increase [8] - New consumption is seen as a consensus direction for funds, with opportunities in both Hong Kong and A-share markets [8]