Shenwan Hongyuan Updates Shangmei Shares: 7th Equity Incentive, Over HK$100M Buyback, Multi-Brand Progress

Bullish

What Happened

Shangmei Shares (02145.HK) granted its 7th round of RSUs to 2 employees and has repurchased 6.25 million H-shares for HK$136 million year-to-date in 2026. The company is advancing its multi-brand strategy with Kans 3.0 upgrade, new brand launches, and overseas expansion.

Bottom Line

Shenwan Hongyuan highlights Shangmei's shareholder-friendly actions and brand momentum, implying a positive outlook.

Free preview — more China A-share & HK research · About Us · Legal & Privacy