Asia Pacific Equity Research 10 November 2025 6181.HK, 6181 HK Price (10 Nov 25): HK$641.50 Price Target (Jun-26): HK$1,296.00 China Consumer Qian Yao AC (86-21) 6106 6277 qian.q.yao@jpmorgan.com SAC Registration Number: S1730521050001 J.P. Morgan Securities (China) Company Limited Kevin Yin (852) 2800-8521 kevin.yin@jpmorgan.com J.P. Morgan Securities (Asia Pacific) Limited/ J.P. Morgan Broking (Hong Kong) Limited Carson Fan (86-21) 6106-6294 rong.fan@jpmorgan.com SAC Registration Number: S1730522070002 J. ...