On July 10, Mingming Henmang rose 3.01% in regular trading, trading at 375.2 HKD/share, with turnover of 21.7955 million HKD.

On the news front, Changjiang Securities recently initiated coverage on Mingming Henmang with a \"Buy\" rating, highlighting the company's significant scale and efficiency advantages. The research noted that the Zhao Yiming brand has launched a \"Money-Saving Supermarket\" model, advancing toward a multi-category hard discount format with continuously improving operational efficiency. Additionally, Macquarie previously raised the company's target price by 3.5% to 592 HKD, maintaining an \"Outperform\" rating, forecasting first-half revenue growth of 55% year-over-year and adjusted net profit growth of 64% year-over-year. Channel data indicates the company opened approximately 5,000 new stores in the first half, with full-year new store count projected at 6,500 to 7,000, significantly above the company's prior guidance of 5,000. As the company expands into fresh and frozen food categories with supply chain optimization progressing smoothly, same-store sales and store profitability are expected to benefit.

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