HK Stock Market Move | MNSO(09896) rose more than 4%, institution claims "Zootopia 2" may become a catalyst for the company's IP business sales revenue.

MNSO (09896) rose more than 4%, rising by 4.31% as of the time of publication, reaching 38.72 Hong Kong dollars, with a turnover of 384.121 million Hong Kong dollars. On the news front, recently, the viewing heat of "Zootopia 2" has been rising, igniting a wave of IP collaboration. According to Maoyan's professional edition data, as of 5:41 pm on December 7th, after 12 days of release (starting from November 26th), the total box office in mainland China for "Zootopia 2" (including pre-sales) has exceeded 3 billion yuan, reaching 30.2 billion yuan. In addition, according to incomplete statistics, as of now, there are already over 70 joint branding collaborations with "Zootopia 2" in China, with a focus on trendy toys, with companies like POP MART, MNSO, and 52TOYS entering the market. A research report from Deutsche Bank points out that Disney's "Zootopia 2" may become a catalyst for MNSO's IP business sales. The bank states that this movie may become the highest-grossing foreign animated film in China, as well as one of the most popular IPs in the fourth quarter. As a major IP partner in China and the United States, lifestyle retailer MNSO is expected to greatly benefit from the easy integration of "Zootopia 2" into its product line. The bank believes that crucial IP collaboration is essential for MNSO to cope with weak consumer spending, especially in China.