MIXUE Group Class H (2097) AI Stock Analysis

• Market Cap: HK$95.66B
• Dividend Yield: N/A
• Average Volume (3M): 655.71K
• Price to Earnings (P/E): 22.2
• Beta (1Y): 0.02
• 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): N/A
• Shares Outstanding: 150,883,060
• 10 Day Avg. Volume: 1,047,413
• 30 Day Avg. Volume: 655,708
• PEG Ratio: 0.82
• Price to Book (P/B): 5.66
• Price to Sales (P/S): 4.23
• P/FCF Ratio: 25.89
• 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$373.16
• Price Target Upside: 30.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: HK$282.00 ▼(-1.61% Downside)
• Action: Reiterated
• Date: 06/02/26

Positive Factors

Accelerating revenue growth

Sustained acceleration from ~22% to ~55% indicates durable demand expansion and successful scale-up of the business model. This level of top-line growth supports reinvestment, network effects in retail/beverage footprint, and the ability to fund expansion without relying on external financing, strengthening long-term competitive positioning.

Negative Factors

Margin compression versus earlier years

Observed margin compression versus prior peak levels suggests rising cost pressures, input inflation, or competitive pricing dynamics that could limit long-term profit expansion. If margins remain pressured, it may constrain reinvestment capacity and reduce the incremental profitability of continued rapid revenue growth over the medium term.

MIXUE Group Class H Business Overview & Revenue Model

Company Description

Mixue Group operates as a prominent purveyor of refreshments and frozen treats, offering a diverse array of fruit beverages, tea-based drinks, ice cream, and coffee products. Its commercial activities extend across mainland China and a wide range ...

Read more

Mixue Group operates as a prominent purveyor of refreshments and frozen treats, offering a diverse array of fruit beverages, tea-based drinks, ice cream, and coffee products. Its commercial activities extend across mainland China and a wide range ...

How the Company Makes Money

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MIXUE Group Class H Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.04B	32.69B	24.83B	20.30B	13.58B	10.35B
Gross Profit	6.73B	10.19B	8.06B	6.00B	3.85B	3.24B
EBITDA	5.04B	7.89B	6.24B	4.44B	2.85B	2.67B
Net Income	3.64B	5.73B	4.44B	3.14B	2.00B	1.91B
Balance Sheet
Total Assets	27.29B	30.81B	19.78B	14.59B	9.95B	7.32B
Cash, Cash Equivalents and Short-Term Investments	14.87B	17.33B	9.13B	6.38B	4.63B	3.58B
Total Debt	111.11M	187.34M	92.55M	386.17M	281.64M	142.76M
Total Liabilities	5.91B	6.03B	4.72B	4.00B	2.47B	1.77B
Stockholders Equity	21.25B	24.46B	14.96B	10.51B	7.45B	5.54B
Cash Flow
Free Cash Flow	3.63B	5.35B	4.56B	2.10B	1.17B	740.02M
Operating Cash Flow	4.18B	6.04B	6.01B	3.79B	2.43B	1.69B
Investing Cash Flow	-5.27B	-6.36B	-7.02B	-825.34M	-2.20B	-1.83B
Financing Cash Flow	3.56B	3.51B	-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
9633	79 Outperform	HK$469.88B	25.80	44.79%	1.73%	22.57%	31.01%
2097	76 Outperform	HK$95.66B	22.20	17.79%	―	―	―
0506	70 Outperform	HK$8.92B	8.78	12.76%	3.62%	2.61%	-0.12%
0220	65 Neutral	HK$29.72B	12.12	15.51%	5.64%	4.51%	10.64%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2460	62 Neutral	HK$17.41B	15.73	9.65%	6.30%	―	―
1446	46 Neutral	HK$223.02M	-13.33	-6.67%	―	-3.29%	-22.01%

MIXUE Group Class H Corporate Events