Blue Whale News, October 8th (Reporter Zhu Xinyue) announced the acquisition in just two weeks, miniso (NYSE:MNSO, 09896.HK) happily received a National Day gift from yonghui superstores (601933.SH).

On October 8th, the A-share market continued its pre-holiday rally. As of the release of this report, the turnover of the A-share market has exceeded 3 trillion yuan, marking the first time that the daily turnover of the A-share market has exceeded 3 trillion yuan.

Influenced by this, yonghui superstores hit the daily limit for 6 consecutive days, with a cumulative increase of about 70% in 6 days. On October 8th, yonghui superstores closed at 3.99 yuan. The price at the time of miniso's acquisition was 2.35 yuan per share. Preliminary estimates show that miniso achieved a book profit of over 4.3 billion yuan through this acquisition in just two weeks.

Looking back, miniso's founder and CEO, Ye Guofu, stated during the acquisition of yonghui superstores that the current price of yonghui is at its lowest point, which many people do not understand. He said, 'If everyone can understand, then I won't have this opportunity.' 'I hope everyone can be patient, I hope everyone can trust my vision. I am someone who not only looks at the retail trade in China but also globally. I may make mistakes elsewhere, but in the field of retail, I will definitely not make mistakes.'

Miniso's CFO, Zhang Jingjing, stated during a conference call that yonghui superstores' current valuation is attractive, with a low premium on investment cost and a high safety margin. In addition, this investment will increase miniso's use of debt in its capital structure and optimize miniso's capital structure.

Shen Meng, a director at Xiangsong Capital, told Blue Whale News that, in the current market conditions, miniso led by Ye Guofu did seize the opportunity to successfully 'bottom fish' yonghui superstores at a low point, achieving significant paper gains. However, whether the formal completion of the acquisition of yonghui superstores by miniso has been disclosed is unclear, and even after the formal completion, miniso's acquisition of yonghui is a strategic holding, so short-term stock price fluctuations are not significant. The future market trends and the long-term effects of this investment decision are still full of uncertainties, making it difficult to make a definitive statement.

On the day when miniso announced the acquisition of yonghui superstores, September 23rd, miniso's Hong Kong stock closed at 32.9 Hong Kong dollars. As of 3:00 PM on October 8th, miniso was trading at 35 Hong Kong dollars, down 15.66%.