Group 1 - The company has experienced 19 consecutive quarters of uninterrupted growth, indicating strong overall performance and consistency at the group level [1] - The brand Mimu has shown significant growth, with expectations for continued growth despite normalization of performance [1] - There is a cautious optimism regarding the Chinese consumer market, with signs of stabilization and potential resurgence in consumption anticipated by 2026 [3] Group 2 - The US market is currently in a good place, with positive performance noted, especially as the festive season approaches [4] - Despite the positive outlook, there are concerns about potential market bubbles that could lead to volatility in the future [5]