In-depth Analysis of Grandbuy Co., Ltd. (002187) Limit-Up Event: Driven by Policy Support and Consumption Recovery

This event occurred at 17:15:14 on November 27, 2025 (UTC+8), coinciding with the intensive implementation period of China’s consumption stimulus policies and the quarterly recovery window of the retail industry [0].

###1. Executive Summary
Based on Tushare’s limit-up pool data [0], Grandbuy Co., Ltd. (002187) hit the limit-up on November 27, 2025. Key driving factors include: 1) Direct benefits from China’s 2025 consumption stimulus plan for the retail industry [5]; 2) Recovery trends in global and domestic retail markets [6][7]; 3) The company’s state-owned enterprise (SOE) reform background and new retail format layout (such as duty-free store expansion and blind box economy IP development) [0]. In the short term, the stock price may benefit from sector momentum, but attention should be paid to the risk of market sentiment fluctuations.

###2. Comprehensive Analysis
As a department store retail enterprise controlled by the Guangzhou State-owned Assets Supervision and Administration Commission [0], Grandbuy Co., Ltd.'s limit-up reflects the resonance of multiple factors:

• Policy Level
  : China’s 2025 consumption stimulus plan lists the retail industry as a key support area [5], and SOE reform policies further release enterprise vitality [0].
• Industry Level
  : Domestic retail sales continue to grow [6], and the global retail industry is expected to grow by 4% in 2025 [7], providing a favorable environment for the department store sector.
• Company Level
  : Promoting digital and intelligent transformation, expanding new duty-free store formats, and developing the blind box economy [0] have effectively increased market attention.

###3. Key Insights

• Cross-domain Correlation
  : Policy support (consumption stimulus + SOE reform) and company strategy (new retail + IP development) form a synergistic effect, driving the stock price up.
• Structural Impact
  : This limit-up may drive more market attention to enterprises in the commercial department store sector with SOE backgrounds and new format layouts.

###4. Risks & Opportunities

• Risks
  : Short-term stock price volatility risk (affected by market sentiment) [2]; Risk of intensified competition in the department store industry [0].
• Opportunities
  : Sector opportunities during the consumption stimulus policy window [5]; Long-term growth potential brought by the company’s new format implementation [0].

###5. Key Information Summary
The limit-up event of Grandbuy Co., Ltd. (002187) is the result of the combined effects of policy, industry, and company-level factors. Investors should pay attention to the subsequent implementation of consumption policies, the progress of the company’s new formats, and the overall recovery rhythm of the retail industry to make rational decisions.