---
title: "名創優品集團控股有限公司 (09896.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/09896.HK.md"
symbol: "09896.HK"
name: "名創優品集團控股有限公司"
industry: "零售商"
---

# 名創優品集團控股有限公司 (09896.HK)

| Item | Detail |
|------|--------|
| Industry | 零售商 |
| Location | 港股市場 |
| Website | [www.miniso.com](https://www.miniso.com) |

## Company Profile

名創優品集團控股有限公司是一家主要從事生活家居產品及玩具產品的設計、零售及批發的投資控股公司。該公司品牌包括“名創優品”及“TOP TOY”。“名創優品”品牌主要提供生活家居產品,涵蓋生活家居、小型電子產品、紡織品、包袋配飾、美妝工具、玩具、彩妝、個人護理、零食、香水、文具和禮品等品類。“TOP TOY”品牌主要提供盲盒、積木、手辦、叁維(3D)拼搭模型及搪膠毛絨等玩具品類。該公司主要在中國國內市場、以及亞洲其他國家、美洲和歐洲等海外市場開展業務。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:10.000Z

**Overall: B (0.32)**

**Industry**: Broadline Retail

| Metric | Value |
|--------|-------|
| Industry Ranking | 5 / 18 |
| Industry Median | D |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 22.18% |  |
| Net Profit YoY | -12.97% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 4.01 |  |
| Dividend Ratio | 3.12% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 47.22B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 21.51B |  |


**Multi Score**: B

#### Profit Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 21.24% | A |
| Profit Margin | 10.81% | B |
| Gross Margin | 44.68% | B |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 22.18% | A |
| Net Profit YoY | -12.97% | D |
| Total Assets YoY | 75.23% | A |
| Net Assets YoY | 11.64% | B |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 924.72% | B |
| OCF YoY | 22.18% | A |

#### Operating Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.89 | B |

#### Debt Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 62.23% | D |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 名創優品集團控股有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "A",
      "indicators": [
        {
          "name": "ROE",
          "value": "21.24%",
          "rating": "A"
        },
        {
          "name": "Profit Margin",
          "value": "10.81%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "44.68%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "22.18%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "-12.97%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "75.23%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "11.64%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "924.72%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "22.18%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "B",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.89",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "D",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "62.23%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 阿里巴巴-W (HK.9988) | B | C | C | C | C | B |
| 02 | 阿里巴巴-WR (HK.89988) | B | B | C | C | C | B |
| 03 | 京東-SW (HK.9618) | B | B | A | D | A | B |
| 04 | 京東集團-SWR (HK.89618) | B | B | A | D | A | B |
| 05 | 名創優品 (HK.9896) | A | B | B | D | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 19.47 | 3/19 | 20.08 | 18.85 | 16.22 |
| PB | 3.90 | 15/19 | 4.51 | 4.00 | 3.78 |
| PS (TTM) | 2.11 | 14/19 | 2.66 | 2.35 | 2.14 |
| Dividend Yield | 3.20% | 7/19 | 3.34% | 3.13% | 2.78% |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-11T16:00:00.000Z

Total Analysts: **12**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 9 | 75% |
| Overweight | 2 | 17% |
| Hold | 1 | 8% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 37.92 |
| Highest Target | 58.32 |
| Lowest Target | 43.68 |

## References

- [Company Overview](https://longbridge.com/en/quote/09896.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/09896.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/09896.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.