HK Stock Market Move | MNSO (09896) rose over 4% in early trading; YOYO's global sales in August broke 200 million yuan, hitting a record high for a single month.

MNSO (09896) rose over 4% in early trading. As of press time, it was up 3.64% at HK$17.96, with a turnover of HK$50.1164 million. On the news front, MNSO recently announced that in August this year, YOYO, the first exclusive original artist IP under MNSO, saw its global sales exceed 200 million yuan in a single month, hitting a record high for a single month and extending the growth momentum of consecutive monthly sales surpassing 100 million yuan in the Chinese market in June and July, highlighting the global explosive power of MNSO's original IP. Since the launch of its first product in June this year, YOYO has entered 53 countries and regions worldwide. Shenwan Hongyuan Group issued a research report stating that MNSO's domestic MINISO brand is accelerating growth, TOPTOY maintains high growth rates, and overseas business, especially in core markets, continues to expand. The continuous improvement in same-store sales across the company's various formats verifies the effectiveness of product strength and cargo mix structure optimization, and the company is expected to see better-than-expected profit recovery driven by the advancement of proprietary IP and the big-store strategy.