长📬(chang)江🥈(jiang)证🍒(zheng)券🚷(quan)发🧦(fa)布🦕(bu)研🗯(yan)究🗂(jiu)报🛀(bao)告🚙(gao)称📤(cheng)，首🕕(shou)次👢(ci)覆🔗(fu)盖🐟(gai)名🛳(ming)创👇(chuang)优🎎(you)品😥(pin)（09896），给🤧(gei)予🔎(yu)“买🍅(mai)入📗(ru)”评🌲(ping)级🤝(ji)，预👧(yu)计🐇(ji)对🍼(dui)应🌔(ying)最💚(zui)新〰(xin)财➿(cai)年♟(nian)（自💊(zi)然🚜(ran)年🍔(nian)），公🗞(gong)司🏙(si)2024-2026年🛏(nian)归🐳(gui)母😵(mu)净🤘(jing)利❤(li)润💴(run)分🎬(fen)别🚖(bie)为🤶(wei)28.4、35.6和⏲(he)44亿🍪(yi)元🥠(yuan)
该💽(gai)行🧜(xing)认📒(ren)为😏(wei)，公👄(gong)司🍓(si)未📝(wei)来🌵(lai)的🥢(de)成📠(cheng)长🕺(chang)看⛺(kan)点🔫(dian)在🧑(zai)于🚎(yu)：1）内➡(nei)生🏈(sheng)：公🌽(gong)司⚡(si)逐🔧(zhu)渐🕜(jian)从⚓(cong)性🚼(xing)价🥋(jia)比🔵(bi)走🈳(zou)向🌏(xiang)高🔝(gao)毛🍧(mao)利🥃(li)率🎷(lv)的😲(de)兴🐋(xing)趣🧛(qu)消🏼(xiao)费🕑(fei)，锁✉(suo)定🎩(ding)“大👅(da)美🙈(mei)妆🏷(zhuang)”、“大Ⓜ(da)玩✅(wan)具💖(ju)”和🐃(he)“大🥦(da)IP”以📽(yi)打🌂(da)造🕯(zao)超🙃(chao)级🌸(ji)品🉑(pin)类😿(lei)，持🤴(chi)续🕕(xu)探🎂(tan)索🎏(suo)超🧀(chao)级🐛(ji)门🛹(men)店✳(dian)战😸(zhan)略🍺(lve)；2）外🚪(wai)延😿(yan)：优🌊(you)质🐎(zhi)供❔(gong)应⏫(ying)链🚼(lian)出😎(chu)海🔉(hai)逻🎺(luo)辑🥋(ji)有👕(you)望✔(wang)不🗂(bu)断🛐(duan)深⛹(shen)化💌(hua)，海🔉(hai)外♑(wai)展🎂(zhan)店🏷(dian)经🌃(jing)过😩(guo)多🎂(duo)年🚛(nian)供🎙(gong)应🐚(ying)链🤱(lian)、运⏭(yun)营🚳(ying)和💝(he)营🏋(ying)销🛺(xiao)本🕳(ben)地🐍(di)化🙋(hua)沉🐻(chen)淀🐀(dian)，当🔒(dang)前🍯(qian)以📭(yi)北🙉(bei)美🏺(mei)为⏲(wei)代📿(dai)表⏹(biao)的🎏(de)海📽(hai)外🕴(wai)直🌯(zhi)营🙄(ying)业🥘(ye)务😉(wu)成🐮(cheng)长🧗(chang)提🤷(ti)速🔣(su)，有🛣(you)望🍨(wang)贡🚶(gong)献🛹(xian)收📥(shou)入😡(ru)和📄(he)利🕑(li)润🛰(run)端🐨(duan)较👳(jiao)好🎙(hao)的🕝(de)弹🐫(dan)性🤪(xing)。长🤮(chang)江🔅(jiang)证🧕(zheng)券🕣(quan)主🐕(zhu)要🚮(yao)观🖲(guan)点📢(dian)如😋(ru)下🆚(xia)：初🔊(chu)探📣(tan)名🐟(ming)创✖(chuang)：全🏧(quan)球🤜(qiu)领✒(ling)先⛹(xian)的🕤(de)潮🚣(chao)流Ⓜ(liu)生🤼(sheng)活☕(huo)家🛒(jia)居🚳(ju)零🍢(ling)售🚺(shou)商🕤(shang)名👺(ming)创🏣(chuang)优🦂(you)品😉(pin)是🥁(shi)以🍭(yi)IP设🚷(she)计🍀(ji)为⌛(wei)特✴(te)色🧘(se)、全✏(quan)球🍨(qiu)领🥨(ling)先👒(xian)的💎(de)潮🌃(chao)流🏄(liu)生🌴(sheng)活👲(huo)家📜(jia)居💛(ju)全💨(quan)球🌊(qiu)零🕞(ling)售🎶(shou)商🎳(shang)，主🦒(zhu)品🛴(pin)牌🐺(pai)MINISO和🕉(he)子👱(zi)品🏢(pin)牌👒(pai)TOPTOY分🐠(fen)别🦖(bie)主🕌(zhu)营👏(ying)平📏(ping)价⌚(jia)生🏋(sheng)活🔞(huo)家🏑(jia)居📬(ju)日🤳(ri)用😸(yong)产🈵(chan)品🗽(pin)和🕉(he)潮🦆(chao)流🚱(liu)玩🍾(wan)具🌧(ju)。公🍂(gong)司❎(si)深🚆(shen)耕😕(geng)性💋(xing)价🚖(jia)比♈(bi)商😻(shang)品💝(pin)供🍭(gong)应🗯(ying)链🍹(lian)切🥠(qie)入🆎(ru)市📃(shi)场🍀(chang)，以🍑(yi)类🏄(lei)直💸(zhi)营🔻(ying)、轻🏓(qing)资♒(zi)产✳(chan)的🏅(de)名🐃(ming)创🔴(chuang)合🔙(he)伙🕹(huo)人🤦(ren)模🎚(mo)式🔌(shi)快🚌(kuai)速🧛(su)拓😰(tuo)店🐩(dian)，在🔬(zai)全🔸(quan)球🌽(qiu)化🚍(hua)战👫(zhan)略🎼(lve)与📎(yu)IP战🎳(zhan)略🕸(lve)的🐧(de)两💃(liang)次🐔(ci)助🚳(zhu)推🎣(tui)下🚒(xia)实⛺(shi)现🕺(xian)业📂(ye)务👤(wu)的🏄(de)两🤤(liang)次🔼(ci)业🎭(ye)务🍹(wu)跃😆(yue)升🚲(sheng)。截💃(jie)至🧀(zhi)2023年🦈(nian)年👥(nian)底🥕(di)，名👣(ming)创🤜(chuang)整🕹(zheng)体🍂(ti)门🍨(men)店💍(dian)数🧙(shu)量🖐(liang)达🏤(da)到🍉(dao)6413家🕘(jia)，其👀(qi)中✝(zhong)，位🥦(wei)于🛣(yu)中🦎(zhong)国🌲(guo)的💚(de)名😦(ming)创😾(chuang)优🌳(you)品✍(pin)门🍫(men)店🚴(dian)数〽(shu)量🌍(liang)为💵(wei)3926家🏬(jia)，位🌮(wei)于🔷(yu)海🚒(hai)外🚴(wai)的🚭(de)名🚔(ming)创🚨(chuang)优💇(you)品😃(pin)门🧤(men)店⚪(dian)数💼(shu)量🔨(liang)为🚷(wei)2487家📖(jia)gen 🧐(gen)ju 🧣(ju)gong 🧖(gong)si 🌪(si)zui 🚂(zui)xin 😓(xin)tiao 😱(tiao)zheng 🛡(zheng)de 🚗(de)cai 🏠(cai)nian 🐌(nian)，gong 📩(gong)si 🗳(si)2023nian 🔰(nian)ying ⤵(ying)ye 🤖(ye)shou 🏣(shou)ru 🆒(ru)da 🐵(da)dao 😭(dao)138yi 🎚(yi)yuan 🥥(yuan)，liang ⛅(liang)nian 🖥(nian)fu 🍽(fu)he 🤱(he)zeng 🦖(zeng)su 🛂(su)wei 🗜(wei)17%，2023nian 🖐(nian)quan 🈶(quan)nian 🙅(nian)lu 🧛(lu)de 🏔(de)39%de 🍜(de)shou 🌦(shou)ru 🚁(ru)duan 🥨(duan)gao 📯(gao)zeng 🥤(zeng)，gui 🥣(gui)mu 💑(mu)jing 🤴(jing)li 👰(li)run 🙌(run)wei 🐁(wei)22.53yi 🤹(yi)yuan 💢(yuan)，gui 🔇(gui)mu 🏣(mu)jing 😻(jing)li 🍧(li)run ❄(run)lv 😟(lv)da 😝(da)fu 🏅(fu)ti 🛄(ti)sheng 📼(sheng)zhi ➡(zhi)16%de 🌵(de)jiao 🐅(jiao)gao 🕧(gao)shui 🐞(shui)ping 🤦(ping)。he 🏑(he)xin 👚(xin)neng ⏩(neng)li 📑(li)：“zhong 🤨(zhong)hou 🍎(hou)duan 😇(duan)、qing ⛰(qing)qian 🐃(qian)duan 🍨(duan)”de 😏(de)hu 🥒(hu)cheng 🍞(cheng)he 🍃(he)su 🚉(su)zao 🤤(zao)gong 🔎(gong)ying 🏤(ying)lian 🏥(lian)you 🗿(you)shi 🔺(shi)shi 💧(shi)ming 🍇(ming)chuang 🤒(chuang)you 👊(you)pin 🕐(pin)tui 🤙(tui)dong 📞(dong)xing 👜(xing)jia 💒(jia)bi 🗜(bi)fei 🕜(fei)lun 🙋(lun)de 💏(de)ji 🍘(ji)chu 🚘(chu)，ye 🍭(ye)shi 🕹(shi)gong 🚭(gong)si 🤗(si)jiang 😬(jiang)di 🛰(di)qian 🐨(qian)duan 📫(duan)yun 🌽(yun)ying 🍍(ying)nan 🐇(nan)du ⛺(du)、que 📂(que)bao ⛩(bao)qing 🕳(qing)zi 💛(zi)chan 🌒(chan)kuo 🚖(kuo)zhang 🏈(zhang)de 🔥(de)guan 🏜(guan)jian 🎴(jian)。gong ⌚(gong)si 💦(si)chan 🙊(chan)pin 🕦(pin)xing 🙃(xing)jia 👺(jia)bi 🎒(bi)you 🚇(you)shi ⭐(shi)de 🦕(de)jian 👻(jian)li 🛂(li)ji ☝(ji)yu 💷(yu)gao 📌(gao)xiao 🕟(xiao)qie 😃(qie)qiang 🌈(qiang)da 🌈(da)de 👹(de)gong 🙁(gong)ying 🌰(ying)lian 👉(lian)ti 🍦(ti)xi ✨(xi)，cong 👧(cong)er 🛒(er)neng 🌒(neng)gou 😛(gou)tong 🥜(tong)guo 🌗(guo)gao 👩(gao)xing 🥦(xing)jia 🎅(jia)bi 🚇(bi)de 🥅(de)shang 🔹(shang)pin 👎(pin)he ➿(he)gao 🍉(gao)pin 🖲(pin)shang ➕(shang)xin 🦀(xin)，chi 🥁(chi)xu 🌖(xu)xi 🖊(xi)yin 💓(yin)gu ⏯(gu)ke 🚖(ke)jin ✍(jin)dian 🗨(dian)bing 🕒(bing)xing 👌(xing)cheng 🛥(cheng)fu 🚷(fu)gou 🎗(gou)，wei 🔏(wei)fei 🙉(fei)lun 😬(lun)ti 🔪(ti)gong 🍈(gong)xin 😫(xin)de 👅(de)tui 🌊(tui)li 👾(li)，er 🈷(er)qu ❌(qu)dao 🔋(dao)shang 🥄(shang)you 🥉(you)yi 🐑(yi)qiang 😷(qiang)da 🍚(da)de 📙(de)gong 🍋(gong)ying 🛑(ying)lian 🔆(lian)he 💠(he)chan 📔(chan)pin 🌒(pin)die 🧞(die)dai 🥡(dai)su 💔(su)du ♌(du)zuo 🧜(zuo)bao ⛲(bao)zhang 🎛(zhang)，xi ⏺(xi)yin 👐(yin)yue 🌁(yue)lai 👌(lai)yue 🙀(yue)duo 📍(duo)de 💨(de)ming 🤙(ming)chuang 🐠(chuang)he 📨(he)huo ⚫(huo)ren ⏸(ren)jia ❣(jia)meng 🚾(meng)，cong 🎛(cong)er Ⓜ(er)shi 🗽(shi)xian 🆎(xian)kuai 📥(kuai)su 📿(su)、biao 🏈(biao)zhun 🐩(zhun)hua 🤽(hua)de 🚫(de)qu 🕟(qu)dao 🤟(dao)kuo 💝(kuo)zhang 🐎(zhang)，xun 🤲(xun)su 🛡(su)xing 🐯(xing)cheng ❔(cheng)gui 🕉(gui)mo 💨(mo)，ji 👢(ji)zhong 🛒(zhong)pin 😇(pin)xiang 🚗(xiang)cai 📨(cai)gou ⏪(gou)fan ➗(fan)bu 😏(bu)gong 🚺(gong)ying 🍻(ying)shang 🍼(shang)li 👳(li)run 🥧(run)，xing 🆘(xing)cheng 🐨(cheng)zheng 🦈(zheng)xiang ⚾(xiang)xun 🔒(xun)huan ⬇(huan)。gong 🛎(gong)si 💌(si)jiao 🔔(jiao)qiang 🖍(qiang)de 👋(de)chan 👷(chan)pin 💫(pin)duan 🛌(duan)he 💡(he)men 🏁(men)dian 📛(dian)duan 📏(duan)xian 🥊(xian)fa 🚃(fa)you 🎴(you)shi 🕍(shi)shi 🏨(shi)de 🛸(de)gong 🍭(gong)si 🐴(si)bu 🤓(bu)duan 🥂(duan)chen 🗑(chen)dian 🔦(dian)he ⬛(he)gong 🤮(gong)gu 🗞(gu)yi 🅾(yi)shang 🛅(shang)he 👢(he)xin 💍(xin)jing 😐(jing)zheng 😶(zheng)li 🗑(li)，fei ⚡(fei)lun 🙅(lun)xiao 🤩(xiao)ying ⛏(ying)de 🌥(de)yun 🚩(yun)zuo 🏊(zuo)shi 🎧(shi)de 🐑(de)gong 🍩(gong)si 🚹(si)yi 🏈(yi)jiao 🚢(jiao)di 🈸(di)cheng 🥀(cheng)ben ⛺(ben)chi 🏓(chi)xu 😬(xu)hang ✔(hang)shi 🕔(shi)he 🖊(he)gong 〰(gong)gu ⏺(gu)qi 🐶(qi)jing 👞(jing)zheng ⏮(zheng)you ☔(you)shi 🙀(shi)。cheng 🌵(cheng)chang 🌞(chang)kong 🍄(kong)jian 🚠(jian)：nei ⛑(nei)sheng ⬆(sheng)wai 😢(wai)yan 📰(yan)gong 👟(gong)zhen ⏳(zhen)，mai 🐆(mai)xiang 🐰(xiang)chao 🍼(chao)ji 🏹(ji)pin 👌(pin)pai 🛩(pai)yi 🗄(yi)fang 🧔(fang)mian ⚽(mian)，cong 💤(cong)nei ✂(nei)sheng 🔥(sheng)lai 💪(lai)kan 🛢(kan)，cong 🏧(cong)xing 🛴(xing)jia ⛸(jia)bi 👜(bi)ye 👠(ye)tai 🤒(tai)ren 🚊(ren)xing 💱(xing)tu 🏻(tu)xian 🥜(xian)dao 🐬(dao)xing 🚐(xing)qu 💒(qu)xiao 💦(xiao)fei 🦎(fei)feng 🧔(feng)qi 🈷(qi)，ming 🔧(ming)chuang 🎡(chuang)you 📺(you)pin 🌷(pin)de 🚀(de)jia 🔳(jia)zhi 🌚(zhi)zhu 🏮(zhu)zhang 👐(zhang)ye 🐷(ye)cong 🦂(cong)ping 📿(ping)jia 🍾(jia)shi 🗻(shi)yong 🍺(yong)xiang 💏(xiang)jing 🏍(jing)shen 🔫(shen)man 💲(man)zu 🆗(zu)jin 🍚(jin)jie 🍧(jie)，2023nian 🎛(nian)gong 🐂(gong)si 👅(si)zheng 👪(zheng)shi 🚻(shi)guan 🥧(guan)xuan 🚪(xuan)quan 🍉(quan)xin ⏺(xin)pin 💓(pin)pai 👑(pai)ding 🏄(ding)wei 📹(wei)wei 💖(wei)“yi 🤞(yi)IPshe 🏈(she)ji ✅(ji)wei 🍶(wei)te 📲(te)se 👳(se)de 📈(de)sheng 💀(sheng)huo 👤(huo)hao 😑(hao)wu 💂(wu)ji 📜(ji)he 🧦(he)dian 🕤(dian)”，qiang 🙌(qiang)hua 🍟(hua)zi 💲(zi)shen 😫(shen)pin 😨(pin)pai 🦎(pai)ji 🏅(ji)yin 📛(yin)zhong 🐳(zhong)de 🔈(de)IPshu ✡(shu)xing ✏(xing)，li 🌩(li)qiu 🚜(qiu)shi 🤴(shi)xian 📩(xian)cong 🔪(cong)qu 🏩(qu)dao 💛(dao)pin 🔽(pin)pai 🐭(pai)sheng 🚇(sheng)ji 👡(ji)wei ☝(wei)chan 💋(chan)pin 🌦(pin)pin 🍘(pin)pai ➰(pai)、you 🍏(you)ling 🚸(ling)shou 🏎(shou)gong 👤(gong)si 🐟(si)sheng 🛸(sheng)ji 😇(ji)cheng 🐜(cheng)nei 🤾(nei)rong 🕉(rong)gong 🐷(gong)si 🐬(si)、jiang 🐮(jiang)gu ♓(gu)ke 📝(ke)sheng 🎒(sheng)ji 🤢(ji)wei 🤓(wei)yong 💯(yong)hu 🤗(hu)de 👒(de)san 🙈(san)ge 🥨(ge)zhuan ⏲(zhuan)bian 🦕(bian)，gai 🏤(gai)xing 🧥(xing)ren 🤸(ren)wei 🏏(wei)，gong 🐁(gong)si 💉(si)cong 🕑(cong)xing 😛(xing)jia 📶(jia)bi 👶(bi)xiao 🐳(xiao)fei 🔀(fei)xiang 🐦(xiang)xing 🐋(xing)qu 💛(qu)xiao 💉(xiao)fei 💆(fei)de 🐈(de)sheng 🔛(sheng)ji ➡(ji)，yi 👪(yi)wei 🎥(wei)zhe 🐋(zhe)gong 💖(gong)si 💲(si)jia 🧑(jia)zhi 🖼(zhi)zhu 🏜(zhu)zhang 📽(zhang)cong 🚡(cong)shi 🚌(shi)yong ➕(yong)xiang 🕞(xiang)jing 🛌(jing)shen 🕢(shen)man 😢(man)zu 🌘(zu)jin 🦊(jin)jie 💳(jie)，cong 📞(cong)er 🛢(er)geng 🧡(geng)neng 🐇(neng)bao 😄(bao)chi 🏜(chi)men 🖖(men)dian 🌊(dian)chang 💓(chang)qi ㊗(qi)huo 🌥(huo)ke 🕯(ke)huo 🗡(huo)li 😼(li)；ling 🎪(ling)yi 🙃(yi)fang 🕑(fang)mian 😧(mian)，cong 🌨(cong)wai 🤱(wai)yan 🏤(yan)lai 🗳(lai)kan 🌨(kan)，ming 🐙(ming)chuang 🌄(chuang)zi 🌞(zi)2015nian 🤕(nian)qi 🥙(qi)dong 🍶(dong)quan 🐮(quan)qiu 🌭(qiu)hua 🚐(hua)zhan 🎳(zhan)lve 🔺(lve)yi 📘(yi)lai 💠(lai)yi 👧(yi)ji 🍍(ji)lei 💩(lei)le 🤛(le)duo 📤(duo)nian 🎸(nian)chu 😳(chu)hai 🛄(hai)jing 🤩(jing)yan 🤱(yan)，gong 🚦(gong)ying 🛌(ying)lian 🧦(lian)、chan 💦(chan)pin 🐮(pin)、yun ⏯(yun)ying 💿(ying)he 🐖(he)ying 🚷(ying)xiao 🗳(xiao)de 👔(de)ben ⛹(ben)di 🍴(di)hua 🥧(hua)qu 🔚(qu)yu 🥂(yu)cheng 🌮(cheng)shu 🍕(shu)，hai 🐹(hai)wai 🗝(wai)zhong 🙃(zhong)dian 🐜(dian)shi 🕸(shi)chang 🍂(chang)you 👣(you)wang 😼(wang)jin 🔬(jin)ru 📣(ru)jia 💐(jia)mi 🏊(mi)he 🔖(he)pian ♉(pian)shou 🧓(shou)huo 🔚(huo)jie 👩(jie)duan 🚚(duan)。