HK Stock Market Move | GUMING (01364) rose by over 7%, stock price hit new high again, institutions optimistic about company's growth potential.

GUMING (01364) rose more than 7%, reaching a high of HK$26.5 to set a new record high. As of the time of writing, it was up 7.76% at HK$26.4, with a trading volume of HK$49.94 million. On the news front, GUMING achieved revenue of approximately RMB 8.791 billion in 2024, a year-on-year increase of 14.5%; gross profit of approximately RMB 2.687 billion, a year-on-year increase of 11.8%; and net profit attributable to the parent company of RMB 1.4785 billion, a year-on-year increase of 36.9%. As of December 31, 2024, the company's store network covered over 200 cities of all levels in China, including 9,914 stores, an increase of 10.1% from the 9,001 stores as of December 31, 2023. HAITONG INT'L pointed out that as a brand with the second largest number of stores in the made-to-order beverage industry in China, following only Heytea and Luckin Coffee, GUMING has a solid supply chain foundation, high operational efficiency, and ample room for growth. It is worth noting that the subscription by Shanghai auntie on Futu this morning at 9 a.m. has ended. As of the time of writing, Shanghai auntie's oversubscription ratio was nearly 3,400 times, with a subscription amount of over HK$92 billion. Sinolink stated that with the listing of top tea beverage companies one after another in the recent period, and intensifying industry competition, it is optimistic about businesses with stable tracks in the low-price segment and high value-for-money products in the mid-price segment with solid supply chains. It recommends paying attention to investment opportunities in the tea beverage industry.