CICC released a report stating that the bank participated in the 2024 global brand strategic upgrade results presentation held by Miniso (09896.HK), and conducted research on the newly opened Miniso Land store in Shanghai in October. The store has a high customer flow, and sales of Harry Potter IP are hot. The bank emphasized the company's firm development in two major directions: joint development of intellectual property (IP) and brand expansion overseas, maintaining the earnings per share forecast for the next two years at 2.15 and 2.59 yuan respectively, and maintaining its 'outperform industry' rating; considering the peak season in the fourth quarter as a catalyst for valuation improvement, the target price for the H shares is raised by 9% to 44.6 Hong Kong dollars, corresponding to forecasted non-IFRS price-to-earnings ratios of 18 and 15 for the next two years.