Group 1: Market Performance - The Hong Kong A-shares and the Hong Kong Stock Connect Consumption 50 ETF (159268) both saw gains, with the ETF rising over 1% and attracting a net inflow of 6.4 million yuan for six consecutive days, totaling over 150 million yuan [1] - Notable stocks included Miniso, which surged over 18% post-earnings, Li Ning up over 7%, Anta Sports up over 3%, and Pop Mart up over 2% [1] Group 2: Company Earnings - Miniso reported a second-quarter revenue of 4.966 billion yuan, a year-on-year increase of 23.1%, with adjusted operating profit rising 8.5% to 852 million yuan and an adjusted operating profit margin of 17.2%, exceeding company guidance [2] Group 3: Consumer Trends - McKinsey highlighted five surprising trends in the Chinese consumer market for the first half of 2025, indicating a shift in consumer sentiment despite weak confidence and ongoing pressures in the real estate market [5] - The report noted a steady recovery in core retail categories, with air travel surpassing 2019 levels and China's automotive exports becoming the largest globally, with an expected export volume of nearly 5.5 million vehicles in 2024, eight times that of 2019 [6] Group 4: Tourism and Capital Markets - The number of inbound tourists to China reached a record high, with over 35 million visitors in the first quarter of 2025, a year-on-year increase of 19.6% [9] - The capital market's recovery in 2025 has been significant for consumer enterprises, with four of the top ten IPOs in Hong Kong coming from the consumption sector, indicating strong investor confidence in the long-term prospects of the Chinese consumer market [12] Group 5: Cultural and Product Trends - Pop Mart's Labubu character gained international popularity, with revenue from its monster series increasing by 726% in 2024, contributing significantly to the company's overall revenue [15]
麦肯锡盘点中国消费市场的五大惊喜！港股通消费50ETF(159268)涨超1%！消费ETF(159928)昨日大举“吸金”超3.6亿元！
Xin Lang Cai Jing·2025-08-22 05:30