US Stock Market Move | MNSO (MNSO.US) rises more than 5%: Institutions say that profit capabilities are expected to further improve in the next two years.

On Friday, MNSO (MNSO.US) rose more than 5% to $13.22. In terms of news, MNSO recently announced that the group's first quarter revenue was 5.688 billion yuan, a year-on-year increase of 28.5%; adjusted net profit was 551 million yuan, a year-on-year decrease of 6.1%; net profit excluding exchange gains and losses was 633 million yuan, a year-on-year increase of 8.1%; the company's operating profit for the period was 1.52 billion yuan, a year-on-year increase of 114.3%, with unrealized gains and fair value gains of 880 million yuan generated by changes in the fair value of investments in a limited partnership enterprise in the artificial intelligence industry, accounting for 80 million yuan of the company's earnings from Yonghui investments. BOCOM INTL believes that looking ahead, the effects of the upgrade of Mainland China stores structure and the construction of the membership system will continue to be released, with the possibility of gradually replicating the experience in overseas markets, combined with the promotion of its own IP strategy, which will jointly support the company's growth certainty. The company's profitability is expected to further improve in the next two years under the promotion of operating leverage. At present, the company's valuation is attractive, with the current stock price corresponding to a 2026 P/E ratio of 10 times, and the buy rating is maintained.