Jiumaojiu International Holdings Ltd. (9922) AI Stock Analysis

• Market Cap: HK$2.45B
• Dividend Yield: 1.11%
• Average Volume (3M): 8.36M
• Price to Earnings (P/E): 51.8
• 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$2.87
• Price Target Upside: 64.00% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: HK$2.00 ▲(14.29% Upside)

The overall stock score of 53 reflects significant challenges in financial performance, particularly in profitability and cash flow, combined with bearish technical indicators. The high P/E ratio suggests potential overvaluation, and the dividend yield is modest. 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 restaurant operations, which include dine-in services, take-out, and delivery. The company's revenue model is built on a combination of direct sales from food and beverage services, as well as potential franchise fees from its restaurant brands. Key revenue streams include the sale of a wide range of traditional Chinese dishes and beverages, supplemented by promotional events and seasonal offerings. The company may also leverage partnerships with food delivery platforms to enhance its reach and sales volume, contributing to overall earnings through increased customer engagement and convenience.

Jiumaojiu International Holdings Ltd. Financial Statement Overview

Summary

Jiumaojiu International Holdings Ltd. faces challenges in profitability and cash flow, despite revenue growth. Declining profit margins and cash flow issues could pose risks to future financial stability. However, the balance sheet remains relatively stable, suggesting some resilience.

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: 1.75
• 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 1.75 is below the 20-day moving average (MA) of 1.83, below the 50-day MA of 1.93, and below the 200-day MA of 2.50, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 39.59 is Neutral, neither overbought nor oversold. The STOCH value of 39.10 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$1.07B	11.74	10.47%	5.50%	4.16%	59.08%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0341	55 Neutral	HK$3.61B	15.53	5.05%	7.10%	-3.45%	-50.11%
9922	53 Neutral	HK$2.45B	51.78	1.38%	1.11%	-6.80%	-85.10%
1443	50 Neutral	HK$107.90M	―	-48.91%	3.57%	-13.13%	-873.33%
0538	47 Neutral	HK$982.38M	82.57	0.38%	7.11%	0.26%	-73.09%

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.