On August 26, BUSYMING rose 8.08% in regular trading, trading at 439.4 HKD/share, with turnover of 73.37 million HKD.

On the news front, the company released its H1 interim results on August 24, reporting revenue of RMB 44.997 billion, up 60% year-over-year; adjusted net profit of RMB 2.448 billion, up 136.6% YoY; and gross margin expanding significantly from 9.3% to 11.5%. Goldman Sachs subsequently reiterated its Buy rating with a target price of 581 HKD, noting adjusted net profit exceeded its forecast by 19%, driven primarily by gross margin expansion and operating expense savings, pushing the adjusted net profit margin to 5.4%.

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 noted that average single-store GMV showed positive year-over-year growth of 0.3%, further reinforcing the view that value retailers will emerge as winners amid a multi-year channel transformation.

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