Guoxin Securities released a research report saying that overall retail performance in the third quarter of 2026 was steady at 361 degrees. The number of units of offline retail sales of main brands increased year on year, the number of units in the year-on-year increase in children's clothing brand's offline retail sales, core brands and children's businesses continued to grow well; overall e-commerce platform traffic recorded positive growth in medium to high units year over year, and online channels continued to expand rapidly; discounts fell slightly to 30% off, and inventory remained stable. The bank maintains its profit forecast. The company's net profit for 2026-2028 is expected to be 1,48/16.2/1.74 billion yuan respectively, up 12.9%/9.8%/7.3% year-on-year, maintaining the “superior to the market” rating.

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