HK Stock Market Move | Auntea Jenny (02589) rises against the trend by more than 11%, shareholders voluntarily extend the lock-up period, demonstrating confidence in development. The company's 26-year store expansion is promising.

AUNTEA JENNY (02589) surged over 11%, with a cumulative increase of over 80% this month. As of the time of writing, it is up 6.14% at 140.1 Hong Kong dollars, with a trading volume of 1.1 billion Hong Kong dollars. On the news front, AUNTEA JENNY recently announced that the controlling shareholder camp has extended the original lock-up period by 6 months to November 7, 2026, and other pre-IPO shareholders have extended by 3 months to August 7, 2026. The announcement stated that the extension of the lock-up period indicates that the aforementioned shareholders are full of confidence in the company's future prospects and long-term value, and further extensions based on business development are not ruled out. In 2025, the company achieved revenue of 4.47 billion yuan, a year-on-year increase of 36.0%, with adjusted net profit of 570 million yuan, a year-on-year increase of 36.4%. As of the fourth quarter of last year, the total number of company stores reached 11,449, an increase of 24.8% year-on-year, with 2,749 new stores opened in the second half of the year, accounting for over 75% of the total new stores opened during the year. Galaxy Securities believes that the company's store expansion in 2026 is foreseeable, and the operation of a single store is expected to remain stable. Thanks to AUNTEA JENNY's mature store model with Tea Waterfall, which caters to the high demand of the expanding franchisee group, the bank expects the company's store scale to continue to expand steadily and rapidly in 2026. In addition, the company has started the layout of coffee and breakfast consumption scenarios since 3Q25, and at present, over half of the stores have completed equipment upgrades, with good performance in coffee sales, playing a positive role in improving store operation and expanding customer base.