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Stock Movement | Mixue Group Surges Over 7% in Afternoon Trading, Earnings Up 33% Year-over-Year
MIXUE Group (02097) reported a 33% increase in profit last year. After announcing its earnings, the stock price surged further, reaching a maximum of 8.5% higher at 350 HKD.
As of 1:36 PM, the stock was at 345.6 HKD, up 7.1%, with a trading volume of 112 million HKD.
The company announced that for the full year ending last year, net profit attributable to shareholders was 5.887 billion RMB, a 32.69% increase year-on-year. Earnings per share were 15.65 RMB, with no final dividend declared.
During the period, revenue reached 33.56 billion RMB, up 35.16% year-on-year, mainly driven by a 35% increase in revenue from product and equipment sales to 32.766 billion RMB, followed by a 28% increase in revenue from franchise and related services to 794 million RMB.
Looking ahead, the group stated that in the Chinese market, it will actively respond to market changes, continuously improve store operation quality, and steadily expand its store network. For overseas markets, it will continue to deepen its presence in Southeast Asia, expand and optimize its local franchise store network, and plan to explore other markets as appropriate.