新消费龙头三季度业绩亮眼，港股消费ETF易方达（513070）助力把握消费升级投资机遇

Core Viewpoint - The Hong Kong new consumption sector is experiencing localized activity, with significant gains in stocks like Pop Mart and Xiu Li, reflecting strong consumer demand and robust earnings growth in the sector [1] Group 1: Market Performance - As of 11:05 AM, Pop Mart's stock rose over 4%, while Xiu Li and Mi Xue Bing Cheng increased by more than 2% [1] - The CSI Hong Kong Stock Connect Consumption Theme Index showed narrow fluctuations, indicating a stable market environment [1] Group 2: Earnings Growth - Pop Mart's latest earnings report indicates a year-on-year revenue growth rate of 245%-250% for Q3, accelerating from 204.4% in the first half of the year [1] - The overseas market has become a key growth driver, with strong performance also observed in the domestic market, highlighting sustained new consumption demand [1] Group 3: Investment Sentiment - Analysts suggest that there is a "high cut low" allocation demand in the market, with the consumption sector attracting new capital due to its valuation appeal [1] - The earnings growth momentum in the Hong Kong new consumption sector is strong, and after previous adjustments, valuations have returned to a reasonable range, enhancing their investment value [1] Group 4: Index and ETF Information - The CSI Hong Kong Stock Connect Consumption Theme Index includes leading companies across various new consumption fields such as trendy toys, tea drinks, e-commerce, consumer electronics, and medical beauty [1] - As of yesterday, the index's rolling price-to-earnings ratio was 22 times, positioned at the 21st percentile since its launch in 2020 [1] - The E Fund Hong Kong Consumption ETF (513070) is the largest ETF tracking this index, featuring a low management fee of 0.15% per year and supporting T+0 trading, providing investors with a convenient tool for exposure to Hong Kong's new consumption leaders [1]