要说这几年宏观政策发力最猛的方向是什么，我想消费肯定是排进前三。 各种刺激消费政策，几乎每隔一段时间都能看到，尤其是节假日，刺激力度很大。 什么买手机、买汽车、买家电，甚至连买房也有补贴。 至于效果嘛，从宏观上看，咱也不敢说不好。 可是从微观上看，似乎大家都兜里没钱，口袋空空。 有意思的是，明明消费不咋行，但是今年的资本市场上，消费板块指数年内暴涨27.3%。 某些消费个股甚至走出了大牛市。 钞能力实在有限。 今天咱们就来聊聊现在资本市场的消费大牛都有哪些，有啥特点？和曾经的消费大牛有啥不同。 说到上一轮的消费大牛市，有一个公司是一定要讲的，就是茅台。 2021年2月，茅台一度突破了2500元，当时券商一哥中信证券高调喊话，说目标去到3000元。 从2017到2021，茅台暴涨了十倍，还有其他酒鬼酒、舍得这些也完成了十倍增幅。 事实上，除了白酒，消费股中像金龙鱼、中国中免、海天味业也都完成了十倍增幅。 这些都代表了上一轮的消费大牛市。 之前有不少小伙伴问过堂主怎么看白酒板块，能不能重现大牛长牛？ 虽然茅台作为国酒，白酒一哥的地位无可撼动，作为"人情世故"、社交礼节的必选之一。 什么年轻人不喜欢茅台，只是因为年 ...

大家好，下面是5月27号指汇盈工具策略复盘。 这些个股也成了新消费新资产的关键词。像不像21年的核心资产，像不像当时70倍PE的茅台 之前聊到港股A股化，A股港股化的事情，部分朋友会留言担心，如果中长期这个是趋势，要怎么办？ 现在大家的共识都是A股估值不贵，短期权重指数特别是大盘指数也没有太多的向下空间。 但这样连续多日的震荡下跌，账户缩水的睡觉行情还是挺烦的。 不过估计也快了，上证指数已经要回补5.7日跳空高开的缺口，对应点位是3316这样。 港股在南向资金接近120亿净流入下，表现的强于A股，不少新消费股创了新高，包括蜜雪，泡泡玛特，毛戈平等等。 泡泡玛特的手办，脖子挂着老铺黄金的首饰，手拿着蜜雪冰城的奶茶，那就是至尊联名 图片来源：网上 涨是涨的好，PE估值也是真的高，老铺黄金90倍，蜜雪46倍，泡泡玛特93倍，毛戈平58倍。 我觉得整体波动还是一致性的，不太可能出现恒生指数去到3万点，上证指数还在3000点的情况。 现在结构行业上，部分确实是港股表现比较好，而且A股企业去港股上市也是趋势，宁德，恒瑞，后面还有海天，牧原等等，资金逐渐净流入港股也是事 实，后面A股的好企业，港股确实也能买，而港股好的企业 ...

Core Viewpoint - The company has experienced a significant resurgence in popularity and stock price, driven by the global success of its LABUBU IP and a strong performance in the consumer market, particularly in the U.S. and Europe [1][3][12]. Group 1: Market Performance - On April 28, the company's stock price rose over 12% to HKD 193, with a total market capitalization reaching HKD 259.188 billion [3]. - Since the beginning of 2025, the stock has increased by over 114% [3]. - The company's app climbed 114 spots to become the top shopping app on the U.S. App Store on April 25, marking its first time at the top [1][2]. Group 2: Product and IP Development - The LABUBU series has become a global sensation, with significant contributions from celebrity endorsements, leading to a surge in consumer interest [10][11]. - The revenue from the THE MONSTERS series reached RMB 3.041 billion in 2024, a year-on-year increase of 726.6% [7]. - The company has successfully diversified its product offerings, with plush products generating RMB 28.32 billion in revenue, a staggering increase of 1289% [8][9]. Group 3: International Expansion - The company has opened 130 overseas stores, with revenue from international markets growing by 375.2% to RMB 5.07 billion, increasing its share of total revenue from 16.9% to 38.9% [12][14]. - Plans are in place to open 100 iconic stores in various countries, including France, the U.S., and Australia, as part of its accelerated international strategy [14]. Group 4: Brand Perception and Future Outlook - The company has successfully transformed from a product-focused entity to an IP-centric organization, establishing a robust ecosystem of various IPs [9][18]. - The CEO expressed confidence in achieving RMB 20 billion in revenue and over 50% growth in 2025, indicating a strong belief in the brand's long-term potential [18].