HK Stock Market Move | (01768) increased by over 4%. The company's efficiency in the wholesale snack channel is significantly ahead. Institutions expect it to maintain a fast pace of opening new stores.

(01768) rose more than 4%, as of press time, up 4.29% to HKD 437.8, with a turnover of HKD 100 million. On the news front, recently, it officially listed on the Hong Kong Stock Exchange. According to the prospectus, it is China's largest chain retailer of leisure food and beverages, and is also the leader in the CHINA FOODS beverage vending model, with two major brands "Busy Snacks" and "Zhao Yiming Snacks". CMSC initiated a "strong buy" rating, expecting the company's adjusted net profit to reach RMB 25.2 billion, RMB 33.9 billion, and RMB 43.7 billion in 2025 to 2027. CMSC pointed out that as of November 30, 2025, the company has a total of approximately 21,000 stores, with GMV, revenue, and adjusted net profit for the first three quarters of last year reaching RMB 66.1 billion, RMB 46.4 billion, and RMB 1.81 billion, representing growth of 73%, 75%, and 241% respectively. The bank believes that the efficiency of the snack vending channel is significantly ahead, and expects the company to continue to increase penetration and maintain a rapid pace of new store openings. Currently, industry market share is rapidly concentrating towards leading players, with the company's team being of high quality and leading in supply chain, warehousing and distribution, expansion, brand, and other areas. Under the industry scale effect, it is expected that the strong will become stronger, with the company's market share further increasing and profits gradually released.