HK Stock Market Move | MAO GEPING (01318) rose more than 5% with strong growth in online sales. The company plans to launch diversified products in the first quarter of 2026.

MAO GEPING (01318) rose more than 5%, up 5.33% to HK$90.9 at the time of publication, with a turnover of HK$155 million. Lion released a research report stating that, according to the management of MAO GEPING, the company is expected to benefit from the Double Eleven promotion and strong performance in December. Online and offline sales in the last quarter are expected to increase by more than 40% and about 20% year-on-year, respectively, with the opening of two high-end stores. By the end of 2025, offline membership is expected to increase by around 25% per year to 6 million. The bank pointed out that MAO GEPING plans to launch diversified products in the first quarter of 2026. In the medium term, the management expects sales to increase by 35% and 20% online and offline, respectively, from 2026 onwards. According to the management of MAO GEPING, same-store sales growth is expected to remain in the low double digits, while gross profit margin and operating profit margin will remain stable, and net profit margin is expected to exceed 20%. The company predicts that sales will reach 10 billion yuan by 2028, with a compound annual growth rate of 27% from 2024 to 2028.