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First-hand Exploration of Mingming Busy, the 'World's Largest Snack Store': Crowds Limited from Opening Day, Long Queues for Tasting Samples; Aiming to Become a Snack 'Platform Provider'
①Today, the 'Snack Kingdom' store under Mingming Hen Mang officially opened. Only half an hour after opening, measures to limit the number of customers had to be implemented due to excessive foot traffic; ②For Mingming Hen Mang, 'Snack Kingdom' represents a significant attempt at platform-oriented expansion; ③In the view of one supplier representative, Mingming Hen Mang is transitioning from traditional supply chain price optimization to optimizing brand value.
12,000 square meters, over 35,000 types of snacks, and more than 6,500 global brands: the 'Snack Kingdom' opening has sparked a wave of visitors eager to check in.
On April 17, Mingming Henmang's all-new immersive snack experience space, Snack Kingdom, officially opened at Furong Square in Changsha, Hunan. With 12,000 square meters of business space, over 6,500 global brands, and more than 35,000 types of snacks, Snack Kingdom has been certified by the Guinness World Records as the "World's Largest Snack Store" due to its "vast selection of snacks and expansive area." The innovative setting, an extensive variety of snacks, and novel experiences attracted many residents who made special trips to shop and check in. According to project leader Huo Anran, Snack Kingdom aims not only to become a "happy snack paradise integrating shopping, photo opportunities, and interaction," but also hopes to emerge as a globally recognized destination.
Haitong International: The bulk snack industry landscape has largely taken shape, with future growth paths including deepening channel value, developing private-label products, and expanding overseas.
The bank expects the industry's mid-term expansion potential to be approximately 74,000 to 109,000 rooms.
The 'post-war trading boom' is here! Wall Street hails the golden age of commodities, while emphasizing semiconductors, consumer goods, and Chinese technology.
The steepening of the long-term government bond yield curve, consumer sectors, semiconductor sectors, and Chinese technology stocks, coupled with a broader backdrop assessment — namely, that global equity markets are unlikely to enter a deep bear market due to policy support — constitute, in Bank of America's view, the core trading themes second only to commodities within the framework of 'post-war trading trends.'
Mingming Holdings (01768.HK): Continued realization of profit elasticity
The company released its 2025 performance: Q4 2025: Revenue of 19.799 billion yuan, a year-on-year increase of 53.7%; net profit attributable to shareholders of 770 million yuan, a year-on-year increase of 126.4%; adjusted net profit of 882 million yuan, a year-on-year increase.
CICC Sticks to Their Buy Rating for Busy Ming Group Co., Ltd. Class H (1768)