On August 27, BUSYMING rose 3.38% in regular trading, trading around HKD 428.0, with turnover of approximately HKD 35.17 million.

On the news front, the company released its interim results on August 24, reporting first-half revenue of RMB 44.997 billion, up 60% year-over-year; adjusted net profit of RMB 2.448 billion, up 136.6%; and gross margin expanding from 9.3% to 11.5%. Multiple institutions noted that the earnings beat was primarily driven by gross margin expansion and operating expense control. As of end-June, the company operated 26,405 stores, a net addition of over 4,400 in the first half, with scale effects continuing to materialize. Goldman Sachs reiterated its Buy rating with a target price of HKD 581, noting adjusted net profit exceeded its forecast by 19%. China Merchants Securities maintained a Strong Buy rating with a target of HKD 578, while CICC maintained an Outperform rating with a target of HKD 530.

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