国盛证券表示，公司作为全球日杂零售龙头，凭借渠道、供应链等优势，以轻资产模式在全球高速扩张，同时已孵化潮玩品牌TOPTOY，有望贡献第二增长曲线；当前各业态、产品、供应链不断优化，海外业务高增、盈利能力改善明显，业绩持续超预期。Jinwu Financial News | The stock price of Mingchuang Premium (09896) rose 4.2% at press time to HK$48.35, with a turnover of HK$0.128 billion.
According to the news, on December 9, Mingchuang Premium revealed that up to now, it has cooperated with more than 150 well-known IPs around the world, boosting sales of more than 0.8 billion IP products. In terms of two-dimensional IP reserves, it is expected to launch self-developed millet peripheral products every month next year, create differentiated creative products through contracts, innovation, etc., and work with Bandai to launch more genuine Hiya peripherals. At present, the company has set up a management research and development team composed of professional senior IP management and talents from the quadratic industry in Shanghai.
According to the Huachuang Securities Research Report, the company raised its net new store guidelines this year, from 900-1100 to 1,200. The company's annual profit margin is 16-16.5%, of which Q4 profit margin is the highest for the whole year. Overseas stores opened well this year, laying the foundation for next year's revenue growth and providing guidance for accelerating growth next year.
Guosheng Securities said that as a global leader in miscellaneous retail, the company is rapidly expanding globally using an asset-light model with advantages such as channels and supply chains, and has also incubated the trendy brand TOPTOY, which is expected to contribute to the second growth curve. Currently, various business formats, products, and supply chains are constantly being optimized, overseas business is growing rapidly, and profitability has improved markedly, and performance continues to exceed expectations.
