Mingchuang Premium (09896) rose more than 7% after the results. As of press release, it rose 7.24% to HK$41.5, with a turnover of HK$0.179 billion.
The Zhitong Finance App learned that Mingchuang Premium (09896) rose more than 7% after the results. As of press release, it had risen 7.24% to HK$41.5, with a turnover of HK$0.179 billion.
According to the news, Mingchuang Premium announced the results for the three months and nine months ended September 30, 2024. For the nine months ended September 30, 2024, the group obtained revenue of 12.281 billion yuan (RMB, same below), an increase of 22.8% year on year; gross profit of 5.42 billion yuan, up 34.1% year on year; profit for the period of 1.8 billion yuan, up 11.6% year on year; and basic profit per share of 1.46 yuan.
For the three months ended September 30, revenue was 4.523 billion yuan, up 19.3% year on year; gross profit was 2.03 billion yuan, up 28.2% year on year; profit for the period was 0.648 billion yuan, up 4.9% year on year; and basic profit per share was 0.52 yuan. According to the announcement, the year-on-year increase in revenue for the nine months ended September 30, 2024 was mainly due to an 18.5% year-on-year increase in the average number of stores at the group level and a low single-digit increase in same-store sales.
Guotai Junan said that the company's 2024Q3 performance is in line with expectations, and the expansion of stores continues to gain strength; the Q4 Harry Potter store can be expected to be boosted, and net interest rates are expected to increase significantly during the overseas peak season. Everbright Securities, on the other hand, believes that the company's domestic business continues to strengthen its pallet management and IP building capabilities. As overseas enters the peak season and direct-run stores gradually mature in the first half of the year, the company's revenue and profit side performance are expected to continue to increase.