Core Viewpoint - A new individual business named Xingjing Mingjiang Sandware Operating Department has been established, focusing on various retail and wholesale activities, including daily ceramic products and agricultural products [1] Company Summary - The business is registered with a capital of 30,000 RMB [1] - The legal representative of the business is Wan Yuehong [1] Industry Summary - The operating scope includes general projects such as: - Retail of daily ceramic products - Wholesale and retail of edible agricultural products - Internet sales (excluding items requiring permits) - Retail of clothing and accessories - Retail of shoes and hats - Sales of daily necessities - Wholesale and retail of hardware products - Sales of office supplies - Sales of toys [1]

Group 1 - A new individual business named Yaxian Bookstore has been established in Fucheng County, with a registered capital of 10,000 RMB [1] - The legal representative of the bookstore is Li Bing [1] - The business scope includes retail of daily household appliances, sales of household electrical appliances, manufacturing of sword and craft products, and sales of various craft and ceremonial products excluding ivory and its products [1] Group 2 - The bookstore is also involved in the sale of second-hand daily goods and daily ceramic products [1] - It is permitted to conduct internet sales, excluding items that require special licenses [1] - The business operates under the principle of self-management based on its business license, without needing further approval for its activities [1]

Core Viewpoint - A designer has accused Miniso of copying their original design for a Harry Potter-themed ring, leading to a lawsuit and highlighting ongoing issues with intellectual property disputes involving the company [1][2][4]. Group 1: Lawsuit and Accusations - The designer, Zavier, has filed a lawsuit against Miniso, claiming that the company's product closely resembles their original design [2][4]. - Miniso has not publicly responded to the allegations as of the time of reporting [2][8]. - The designer provided evidence, including original design drafts and comparison images, to support their claims of similarity in design elements [5][4]. Group 2: Intellectual Property Issues - Miniso is currently involved in 13 legal cases related to intellectual property and unfair competition, with 5 cases specifically concerning design patent infringement and copyright issues, where the company is the defendant [2][11]. - The company has faced multiple accusations of copying designs from other brands, including products similar to Starbucks and Dior, raising concerns about its business practices [9][11]. Group 3: Financial Performance and Business Strategy - In the first half of the year, Miniso reported a revenue increase of 21.1% to 9.393 billion yuan, but net profit attributable to shareholders fell by 22.6% to 906 million yuan [15]. - Despite revenue growth, the number of Miniso stores in mainland China decreased by 81, indicating potential challenges in market expansion [15][16]. - The CEO of Miniso stated a shift in focus from quantity growth to optimizing channel combinations, with a new emphasis on larger store models [16].

Core Viewpoint - A designer has accused Miniso of copying their original design for a Harry Potter-themed ring, leading to a lawsuit as the case enters judicial proceedings [3][6][19]. Legal Issues - Miniso has been involved in multiple legal disputes, with 13 judicial cases reported from November 13, 2024, to September 1, 2025, including 5 cases related to unfair competition and infringement of design patents, making up 38.5% of the total cases [4][15]. - The designer has publicly shared comparisons between their original design and Miniso's product, highlighting significant similarities in design elements [7][9]. Company Performance - In the first half of the year, Miniso reported a revenue increase of 21.1% to 9.393 billion yuan, but net profit attributable to shareholders fell by 22.6% to 906 million yuan [19]. - Despite revenue growth, the number of Miniso's main brand stores in mainland China decreased by 81, indicating a negative growth trend [19]. Market Position and Strategy - Miniso's CEO has indicated a shift away from purely pursuing store quantity growth, focusing instead on optimizing channel combinations and emphasizing larger store models [19]. - The company is facing challenges in expanding its IP business, particularly in the competitive landscape dominated by brands like Pop Mart [20][21]. Brand Controversies - Miniso has faced accusations of imitating various well-known brands, including Starbucks and Dior, with products that closely resemble their designs [13][15]. - The company has been criticized for its approach to intellectual property, with ongoing disputes affecting its reputation and market position [15][17].