HK Stock Market Move | MNSO (09896) further rises by over 5%, Yonghui Superstores plans to transform its stores into a "Panda Express" model. The company previously acquired Yonghui Superstores.

MNSO (09896) rose by over 5%, as of press time, it had increased by 5.54% to HK $40.42, with a turnover of HK $2.68 billion. On the news front, on the evening of July 30th, Yonghui Superstores announced that it plans to raise funds of no more than 4 billion RMB for store upgrades and renovations, logistics warehouse upgrades and renovations, and to supplement working capital or repay bank loans. Regarding the store upgrade project, the fundraising plan indicates that they plan to upgrade 298 stores using the "Pang Donglai model." It is reported that in September 2024, MNSO spent 6.27 billion RMB to acquire a 30% stake in Yonghui Superstores. In addition, Shanghai Securities pointed out that driven by the demand for self-fulfillment and the rise of domestic IP, the "grain economy" is in full bloom, and it is expected to become the core engine of China's new consumption by reshaping consumer sovereignty and upgrading the offline ecology. As of October 2024, MNSO has cooperated with over 150 well-known IP images globally. According to the New Consumption Daily, of the top 10 IP licensors in the world, 6 of them have collaborated with MNSO, and of the top 20 IP licensors, 9 of them have partnered with MNSO. Its trendy brand TOPTOY achieved a total revenue of 340 million RMB in Q1 2025, a year-on-year increase of 59%.