Understanding the Market | GUMING rises over 5%, stock price hits a new high since listing, total market value surpasses HKD 50 billion

GUMING's stock price rose over 5% again, reaching a new high since its listing at HKD 22, with a total market value exceeding HKD 50 billion. Haitong International's research report pointed out that GUMING ranks third in the number of stores in China's ready-to-drink beverage market, only behind Mi Xue Bing Cheng and Luckin Coffee, with a solid supply chain and efficient operations. GUMING focuses on the consumption upgrade of beverages in lower-tier cities and enhances store performance through digitalization and automation. On April 18th, GUMING's collaboration event with "Honkai: Star Rail" sparked a craze, causing the mini-program to temporarily crash