HK Stock Market Move | MIXUE GROUP (02097) up by over 8%, nearly 90% higher than the IPO price, with a total market value exceeding HK$140 billion.

MIXUE GROUP (02097) rose by more than 8%, reaching a high of 384.6 Hong Kong dollars during trading, an increase of nearly 90% compared to the IPO price. As of the time of writing, it increased by 7.94%, reaching 383.2 Hong Kong dollars, with a trading volume of 4.1 billion Hong Kong dollars and a total market value of approximately 144.7 billion Hong Kong dollars. Public information shows that MIXUE GROUP owns the freshly made tea brand "Mixue Ice City" and the freshly ground coffee brand "Lucky Coffee." As of September 30, 2024, MIXUE GROUP's store network, developed through franchise models, has over 45,000 stores, covering 11 countries in China and overseas. According to the report by Zhuo Shi Consulting, based on the number of stores as of September 30, 2024, MIXUE GROUP is the largest freshly made beverage company in China and globally. Based on the 2023 beverage serving volume, MIXUE GROUP is the largest freshly made beverage company in China and second globally. China Securities Co., Ltd. believes that the future of the domestic freshly made tea industry is promising, with potential for further improvement in per capita consumption and stickiness. There is still ample room for growth in the competition field, mainly due to trends in the healthization of top-grade raw materials and supply chain control, product category iteration and upgrades, scale and accessibility improvements, significant advantages in overseas expansion of categories, and logical reshaping of the industry through refined management. With its leading scale advantage and deep industry chain cultivation advantage in China, the company has relatively high comprehensive competitive barriers, accumulates momentum for globalization, and is expected to continue promoting industry development and global expansion.