MIXUE Group Class H (2097) AI Stock Analysis

• Market Cap: HK$159.82B
• Dividend Yield: N/A
• Average Volume (3M): 655.71K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.20
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 7,025
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): 2.71
• Shares Outstanding: 150,883,060
• 10 Day Avg. Volume: 1,047,413
• 30 Day Avg. Volume: 655,708
• PEG Ratio: 0.56
• Price to Book (P/B): 6.87
• Price to Sales (P/S): 4.14
• P/FCF Ratio: 22.53
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$508.45
• Price Target Upside: 27.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13

• Rating: 73 Outperform
• Price Target: HK$457.00 ▲(14.25% Upside)

MIXUE Group Class H's strong financial performance is the most significant factor, contributing to a high score. However, the lack of strong technical momentum and absence of valuation data slightly dampen the overall score. The company's robust financial health positions it well for future growth, but the neutral technical indicators and missing valuation metrics suggest a cautious approach.

MIXUE Group Class H Business Overview & Revenue Model

Company Description

MIXUE Group produces and sells fruit drinks, tea drinks, and ice cream and coffee products in Mainland China and internationally. The company provides ingredients, packaging materials, and store equipment to franchisees. It offers its products under the Mixue and Lucky Cup brand names. In addition, the company provides IT services. It sells its products through a network of franchise and self-operated stores in China, Indonesia, Vietnam, Malaysia, Thailand, the Philippines, Cambodia, Laos, Singapore, Australia, South Korea, and Japan. MIXUE Group was founded in 1997 and is headquartered in Zhengzhou, the People's Republic of China.

How the Company Makes Money

MIXUE Group generates revenue primarily through the sale of its frozen desserts and beverages in its franchised outlets. The company's revenue model is centered on both direct sales to customers and franchise fees collected from its franchise partners. Key revenue streams include the sale of ice cream, bubble tea, and related products, as well as ongoing royalties from franchisees based on their sales performance. Additionally, MIXUE may benefit from strategic partnerships with suppliers and distributors, which can enhance product availability and support marketing efforts. The company's growth is further bolstered by its expansion strategy, targeting new markets and increasing brand presence through promotional campaigns and seasonal offerings.

MIXUE Group Class H Financial Statement Overview

Summary

MIXUE Group Class H demonstrates excellent financial health across all statements. The company’s strong revenue growth, efficient operations, and robust profitability metrics underscore its solid performance. The balance sheet is characterized by low leverage and high equity, contributing to financial stability. Cash flow management is effective, with impressive free cash flow growth and operational cash conversion. Overall, the company is well-positioned for future growth and stability.

Income Statement

MIXUE Group Class H shows strong financial performance with consistent revenue growth, achieving a 22.3% revenue growth rate from 2023 to 2024. The company maintains healthy margins, with a gross profit margin of 32.5% and a net profit margin of 17.9% in 2024. Both EBIT and EBITDA margins are solid at 22.7% and 25.1% respectively, indicating efficient operations and profitability. Overall, the income statement reflects robust growth and profitability.

Balance Sheet

The balance sheet reveals strong financial stability, characterized by a low debt-to-equity ratio of 0.006 in 2024, indicating minimal leverage. The equity ratio stands at 75.6%, highlighting a strong equity position. Return on equity is impressive at 29.7%, demonstrating effective use of shareholder funds. The company’s financial health is supported by substantial cash reserves and low liabilities.

Cash Flow

Cash flow analysis shows a remarkable 116.8% growth in free cash flow from 2023 to 2024, signifying improved cash generation capabilities. The operating cash flow to net income ratio is 1.35, reflecting efficient cash conversion. The free cash flow to net income ratio of 1.03 further supports solid cash flow management. The company's cash flow position is strong, backed by significant operating cash inflows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.04B	24.83B	20.30B	13.58B	10.35B
Gross Profit	6.73B	8.06B	6.00B	3.85B	3.24B
EBITDA	4.88B	6.24B	4.44B	2.85B	2.67B
Net Income	3.64B	4.44B	3.14B	2.00B	1.91B
Balance Sheet
Total Assets	27.29B	19.78B	14.59B	9.95B	7.32B
Cash, Cash Equivalents and Short-Term Investments	14.87B	9.13B	6.38B	4.63B	3.58B
Total Debt	111.11M	92.55M	386.17M	281.64M	142.76M
Total Liabilities	5.91B	4.72B	4.00B	2.47B	1.77B
Stockholders Equity	21.25B	14.96B	10.51B	7.45B	5.54B
Cash Flow
Free Cash Flow	3.63B	4.56B	2.10B	1.17B	740.02M
Operating Cash Flow	4.18B	6.01B	3.79B	2.43B	1.69B
Investing Cash Flow	-5.27B	-7.02B	-825.34M	-2.20B	-1.83B
Financing Cash Flow	3.56B	-277.44M	-111.32M	-139.26M	726.65M

MIXUE Group Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0220	74 Outperform	$37.06B	15.87	17.10%	5.51%	8.19%	23.16%
2097	73 Outperform	HK$159.82B	―	―	―	―	―
1876	70 Outperform	HK$108.64B	23.17	5.74%	5.40%	-9.54%	-27.75%
9985	66 Neutral	HK$29.71B	22.33	18.11%	2.78%	23.90%	10.72%
1579	65 Neutral	HK$11.81B	14.76	16.58%	5.99%	1.10%	-7.88%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
1475	58 Neutral	HK$7.19B	38.15	5.18%	1.56%	7.44%	-42.52%

MIXUE Group Class H Corporate Events

MIXUE Group Expands with Major Investment and Equity Transfer

MIXUE Group, a joint stock company incorporated in China, has announced a significant investment move. The company has entered into an Investment Agreement and an Equity Transfer Agreement with a target company, intending to acquire a majority stake. By injecting RMB285.60 million, MIXUE Group will subscribe to 51% of the target company’s enlarged registered capital. Additionally, the company will acquire a 2% stake from Mr. Zhao Jie for RMB11.20 million. These transactions will result in the target company becoming a non-wholly owned subsidiary of MIXUE Group, with its financial results consolidated into the group’s financial statements. The agreements are considered connected transactions under the Listing Rules, but they are exempt from independent shareholders’ approval due to the applicable percentage ratios.

The most recent analyst rating on (HK:2097) stock is a Buy with a HK$505.00 price target. To see the full list of analyst forecasts on MIXUE Group Class H stock, see the HK:2097 Stock Forecast page.

MIXUE Group Reports Strong Revenue Growth in H1 2025

MIXUE Group reported a strong financial performance for the first half of 2025, with a notable 39.3% increase in revenue compared to the same period in 2024. This growth was driven by higher sales of goods and equipment and increased revenue from franchise services, attributed to the expansion of its store network. The company’s gross profit also rose by 38.3%, although the gross profit margin for goods and equipment slightly decreased due to increased procurement costs. However, the gross profit margin for franchise services improved due to enhanced economies of scale, highlighting the company’s successful expansion strategy.

The most recent analyst rating on (HK:2097) stock is a Hold with a HK$497.00 price target. To see the full list of analyst forecasts on MIXUE Group Class H stock, see the HK:2097 Stock Forecast page.

MIXUE Group Schedules Board Meeting for Interim Results Approval

MIXUE Group, a joint stock company incorporated in the People’s Republic of China, has announced that its board of directors will hold a meeting on August 27, 2025. The meeting will focus on considering and approving the interim results for the six months ended June 30, 2025, along with other business matters. This announcement signals the company’s ongoing commitment to transparency and timely financial reporting, which is crucial for maintaining investor confidence and market positioning.

The most recent analyst rating on (HK:2097) stock is a Sell with a HK$477.13 price target. To see the full list of analyst forecasts on MIXUE Group Class H stock, see the HK:2097 Stock Forecast page.

MIXUE Group’s Strategic Subscription in Wealth Management

MIXUE Group, a joint stock company incorporated in China, has announced a significant financial maneuver by subscribing to a wealth management product from SPD Bank with a principal amount of RMB300 million. This transaction, categorized under the Hong Kong Listing Rules as a discloseable transaction, does not require shareholder approval but is subject to reporting and announcement requirements. The investment is a low-risk, principal-protected structured deposit with a 90-day term and a potential floating return rate, reflecting the company’s strategic financial management and positioning in the market.

The most recent analyst rating on (HK:2097) stock is a Hold with a HK$544.10 price target. To see the full list of analyst forecasts on MIXUE Group Class H stock, see the HK:2097 Stock Forecast page.