Group 1 - The core viewpoint of the article highlights the performance differentiation within the Hong Kong stock market's consumer sector, with essential consumption showing stability, new consumption experiencing high growth, and certain segments facing pressure [1][3]. - Mengniu Dairy reported a revenue of 41.57 billion RMB and an operating profit of 3.54 billion RMB, reflecting a year-on-year growth of 13.4%, with an operating profit margin increase of 1.5 percentage points to 8.5% [1][3]. - The company also experienced a significant increase in operating cash flow, which grew by 46.2% year-on-year, indicating a stronger performance on the profit side compared to revenue growth [1][3]. Group 2 - Bubble Mart achieved a revenue of 13.876 billion RMB in the first half of the year, marking a substantial year-on-year increase of 204.4%, with plush product revenue soaring by 1276.2% [3][5]. - The company Old Puhuang reported a revenue of 12.354 billion RMB, with a year-on-year growth of 251%, and a net profit of 2.268 billion RMB, reflecting a remarkable increase of 285.8% [3][5]. - The high growth of new consumption companies is attributed to their ability to capture precise market segmentation, with Bubble Mart leveraging global IP strategies and Old Puhuang focusing on high-end gold jewelry [5]. Group 3 - Meituan reported a revenue of 178.398 billion RMB for the first half of the year, with an adjusted net profit of 12.442 billion RMB, which represents a year-on-year decrease of 41% [5]. - The profitability pressure faced by Meituan is primarily due to weak demand in optional consumption and intensified competition in the platform economy, which is a common challenge for optional consumption platforms [5]. Group 4 - The outlook for the Hong Kong consumer sector remains positive, with a focus on new consumption and innovative pharmaceutical leaders in the third quarter [5].