According to the Zhutong Finance app, miniso (09896) rose over 4% in the morning session, up 4.02% to HK$34.95 as of the time of publication, with a turnover of 54.0607 million Hong Kong dollars.

On the news front, a Citigroup analyst wrote in a report that thanks to the strong growth in overseas markets, miniso's third-quarter revenue may increase by 20% year-on-year. Due to the restocking needs of overseas distributors, especially before the arrival of the holiday season in the fourth quarter, Citigroup expects significant growth in miniso's overseas store sales. With the increase in IP product sales contribution, the gross margin of the company for the quarter may further expand.

UBS Group previously pointed out that miniso drives its business growth through frequent updates and the introduction of new IPs. For example, in the second and fourth quarters of this year, miniso has respectively launched IP products related to Chiikawa and Harry Potter, both of which have been well received. It is believed that this can consolidate customer loyalty and attract more new customers.