Jiumaojiu International Holdings Ltd. (9922) AI Stock Analysis

• Market Cap: HK$2.81B
• Dividend Yield: 0.97%
• Average Volume (3M): 8.36M
• Price to Earnings (P/E): 59.5
• Beta (1Y): 2.12
• Revenue Growth: -6.80%
• EPS Growth: -85.10%
• Country: HK
• Employees: 20,735
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): 0.04
• Shares Outstanding: 1,397,633,700
• 10 Day Avg. Volume: 6,590,048
• 30 Day Avg. Volume: 8,362,708
• PEG Ratio: -0.94
• Price to Book (P/B): 1.45
• Price to Sales (P/S): 0.75
• P/FCF Ratio: 10.50
• 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$2.99
• Price Target Upside: 44.44% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 12

• Rating: 52 Neutral
• Price Target: HK$2.00 ▼(-3.38% Downside)

The overall stock score of 52 reflects significant challenges in financial performance and bearish technical indicators. The high P/E ratio suggests potential overvaluation, while the modest dividend yield offers limited income. The absence of earnings call data and corporate events leaves these areas unaddressed.

Positive Factors

Business Model Strength

The company's diverse brand portfolio allows it to cater to various customer preferences, enhancing its market reach and resilience against market fluctuations.

Market Position

A strong market presence in China positions Jiumaojiu well to capitalize on the growing demand for dining experiences, supporting long-term revenue growth.

Balance Sheet Health

A stable equity ratio indicates a balanced capital structure, providing financial stability and flexibility to manage debt and fund operations.

Negative Factors

Profit Margin Decline

The significant decline in profit margins suggests increased cost pressures, which could affect profitability and operational efficiency if not addressed.

Cash Flow Challenges

Zero operating cash flow indicates potential liquidity issues, which could hinder the company's ability to fund operations and growth without external financing.

Rising Debt Levels

Increased reliance on debt raises financial risk, potentially impacting the company's ability to invest in growth opportunities and maintain financial health.

Jiumaojiu International Holdings Ltd. Business Overview & Revenue Model

Company Description

Jiumaojiu International Holdings Limited operates as a Chinese cuisine restaurant brand manager and operator in the People's Republic of China. As of December 31, 2021 it operated 453 restaurants and managed 17 franchised restaurants covering 85 cities in People's Republic of China, one in Canada, and one in Singapore under the Jiu Mao Jiu, Tai Er, Double Eggs, Song, and Uncle Chef brands. Jiumaojiu International Holdings Limited was founded in 1995 and is headquartered in Guangzhou, the People's Republic of China.

How the Company Makes Money

Jiumaojiu International Holdings Ltd. generates revenue primarily through its chain of restaurants operating under multiple brand names. The company earns money by serving food and beverages to customers in its restaurants, with the bulk of its income derived from the sale of meals and drinks. Revenue is influenced by the number of locations, customer foot traffic, and the average spend per customer. The company also benefits from strategic locations, brand loyalty, and an effective marketing strategy that attracts repeat business. Additionally, Jiumaojiu's business model may include franchise operations, thereby generating franchise fees and royalties, which contribute to its revenue streams. The company's partnerships with suppliers help to manage costs and maintain quality, further enhancing profitability.

Jiumaojiu International Holdings Ltd. Financial Statement Overview

Summary

Jiumaojiu International Holdings Ltd. faces challenges in profitability and cash flow, despite revenue growth. The declining profit margins and cash flow issues could pose risks to future financial stability. However, the balance sheet remains relatively stable, suggesting some resilience. Monitoring cost control and improving operational efficiency will be crucial for the company's future performance.

Income Statement

The company's revenue has shown a steady growth trajectory over the years, with a notable increase from 2022 to 2023. However, the gross profit margin has declined from 54.2% in 2023 to 27.1% in 2024, indicating increasing cost pressures. The net profit margin also decreased significantly from 7.6% in 2023 to 0.9% in 2024, which is concerning for profitability. EBIT and EBITDA margins have also seen considerable declines, reflecting operational inefficiencies.

Balance Sheet

The company's financial leverage has increased, with a debt-to-equity ratio rising from 0.7 in 2023 to 0.8 in 2024, indicating higher reliance on debt. The equity ratio remained stable at around 48%, showing a balanced capital structure. Return on equity dropped significantly from 13.6% in 2023 to 1.8% in 2024, highlighting reduced shareholder returns.

Cash Flow

The cash flow position has weakened, with operating cash flow dropping to zero in 2024. Free cash flow growth is negative, indicating potential liquidity challenges. The lack of operating and free cash flow in 2024 raises concerns about the company's ability to fund operations and growth without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.76B	6.07B	5.99B	4.01B	4.18B	2.71B
Gross Profit	1.56B	2.19B	3.24B	1.12B	1.30B	722.74M
EBITDA	519.36M	545.94M	1.45B	768.72M	1.08B	597.44M
Net Income	44.21M	55.81M	453.46M	49.28M	339.94M	124.06M
Balance Sheet
Total Assets	6.01B	6.49B	6.52B	5.41B	5.14B	4.81B
Cash, Cash Equivalents and Short-Term Investments	1.05B	1.12B	1.80B	1.95B	2.08B	2.52B
Total Debt	2.12B	2.56B	2.33B	1.68B	1.50B	1.33B
Total Liabilities	2.84B	3.34B	3.16B	2.21B	2.00B	1.75B
Stockholders Equity	3.17B	3.15B	3.34B	3.17B	3.08B	3.02B
Cash Flow
Free Cash Flow	323.75M	435.11M	345.14M	314.18M	519.90M	290.49M
Operating Cash Flow	633.77M	975.98M	1.01B	684.24M	856.18M	570.95M
Investing Cash Flow	-390.68M	-797.77M	-150.19M	-587.69M	-490.43M	-1.08B
Financing Cash Flow	-537.03M	-904.70M	-646.41M	-480.85M	-788.59M	2.37B

Jiumaojiu International Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9922, the sentiment is Negative. The current price of 2.07 is above the 20-day moving average (MA) of 2.05, below the 50-day MA of 2.30, and below the 200-day MA of 2.64, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 44.15 is Neutral, neither overbought nor oversold. The STOCH value of 37.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9922.

Jiumaojiu International Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6811	68 Neutral	HK$1.10B	12.06	10.47%	5.26%	4.16%	59.08%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0341	61 Neutral	HK$3.72B	16.00	8.26%	6.14%	-1.42%	-28.96%
0538	57 Neutral	HK$1.10B	93.58	0.38%	6.27%	0.26%	-73.09%
9922	52 Neutral	HK$2.81B	59.47	1.38%	0.97%	-6.80%	-85.10%
1443	47 Neutral	HK$88.40M	―	-41.01%	4.35%	-7.56%	-231.11%

Jiumaojiu International Holdings Ltd. Corporate Events

Jiumaojiu Reports Q3 2025 Operational Data with Decline in Sales

Jiumaojiu International Holdings Ltd. reported its operational data for the third quarter of 2025, showing a total of 686 restaurants under its various brands. The company experienced a decline in same store average daily sales across its major brands, with Tai Er seeing a 9.3% decrease, Song Hot Pot a 19.1% decrease, and Jiu Mao Jiu a 14.8% decrease. Despite these challenges, the company continues to operate a significant number of self-operated and franchised restaurants, indicating a strong market presence.

The most recent analyst rating on (HK:9922) stock is a Hold with a HK$2.90 price target. To see the full list of analyst forecasts on Jiumaojiu International Holdings Ltd. stock, see the HK:9922 Stock Forecast page.

Jiumaojiu International Announces Grant of Share Options

Jiumaojiu International Holdings Limited, a company incorporated in the Cayman Islands, has announced the grant of 31,286,000 share options to 158 eligible individuals under its Share Option Scheme. This grant represents approximately 2.24% of the company’s issued share capital. The exercise price is set at HK$2.16 per share, with a vesting period starting on the first anniversary of the grant date and an exercise period lasting four years. The grant includes performance targets and a clawback mechanism, ensuring alignment with individual performance and company standards.

The most recent analyst rating on (HK:9922) stock is a Hold with a HK$2.90 price target. To see the full list of analyst forecasts on Jiumaojiu International Holdings Ltd. stock, see the HK:9922 Stock Forecast page.

Jiumaojiu International Holdings Schedules Board Meeting for Interim Results

Jiumaojiu International Holdings Ltd. has announced that its board of directors will meet on August 22, 2025, to approve the unaudited consolidated interim results for the first half of the year and consider the payment of an interim dividend. This meeting could have implications for the company’s financial outlook and shareholder returns, potentially affecting its market positioning and investor relations.

The most recent analyst rating on (HK:9922) stock is a Hold with a HK$2.60 price target. To see the full list of analyst forecasts on Jiumaojiu International Holdings Ltd. stock, see the HK:9922 Stock Forecast page.

Jiumaojiu International Announces Change in Share Registrar

Jiumaojiu International Holdings Limited has announced a change in its Hong Kong share registrar and transfer office, effective August 1, 2025. The new registrar will be Tricor Investor Services Limited, and all applications for registration and transfer of shares should be directed to them from this date. This change is part of the company’s operational updates and may influence the administrative processes for shareholders.

The most recent analyst rating on (HK:9922) stock is a Hold with a HK$2.60 price target. To see the full list of analyst forecasts on Jiumaojiu International Holdings Ltd. stock, see the HK:9922 Stock Forecast page.