“新消费三姐妹”沉寂，谁在悄悄“离场”？

Group 1 - The new consumption sector, represented by companies like Pop Mart, Lao Pu Gold, and Mixue Group, is currently facing challenges after a strong performance in the first half of the year [1][2] - Public funds have significantly reduced their holdings in leading new consumption stocks during the third quarter, indicating a shift in investment strategy [2][3] - The decline in stock prices for these companies has been notable, with Pop Mart dropping approximately 40% from a peak of 340 HKD to 201.4 HKD, and Lao Pu Gold falling from nearly 1100 HKD to 642 HKD [2][4] Group 2 - Analysts suggest that despite the current downturn, the new consumption sector still holds long-term investment value due to changing consumer preferences towards personalized and emotional consumption [1][5] - The market has shown concerns regarding the sustainability of the business models of new consumption giants, as initial explosive growth may lead to consumer fatigue and increased competition [4][5] - There is a belief that these companies may find new growth opportunities and platform value after the current adjustment phase, with potential for recovery in the market [5][6]