Jiumaojiu International Holdings Ltd. (HK:9922)
:9922
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Jiumaojiu International Holdings Ltd.
(9922)
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Rating:51Neutral
Price Target:
HK$1.50
▼(-23.47% Downside)
Action:Reiterated
Date:05/11/26
The score is held back mainly by deteriorating fundamentals (2025 sales decline and severe margin compression) and bearish technicals (below major moving averages with negative MACD and weak RSI). These are partially offset by resilient cash generation and a manageable balance sheet, while valuation support is limited due to a negative P/E and only a modest dividend yield.
Positive Factors
Cash generation
Consistent operating cash flow and a large free-cash-flow step-up in 2025 provide durable internal funding for store investment, working-capital needs and debt service. Strong cash conversion cushions the business through cyclical dining demand and reduces reliance on external financing over the medium term.
Negative Factors
Top-line weakness
A notable revenue decline reduces scale benefits and pressurizes fixed-cost absorption at store level. Sustained top-line weakness over multiple quarters can force trade-offs between marketing, price promotions and margin protection, limiting durable profit recovery and reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent operating cash flow and a large free-cash-flow step-up in 2025 provide durable internal funding for store investment, working-capital needs and debt service. Strong cash conversion cushions the business through cyclical dining demand and reduces reliance on external financing over the medium term.
Read all positive factors
Jiumaojiu International Holdings Ltd. (9922) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.17B
Dividend Yield1.12%
Average Volume (3M)8.36M
Price to Earnings (P/E)40.2
Beta (1Y)2.23
Revenue Growth-13.86%
EPS Growth6.94%
CountryHK
Employees20,735
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,391,782,700
10 Day Avg. Volume6,590,048
30 Day Avg. Volume8,362,708
Financial Highlights & Ratios
PEG Ratio12.15
Price to Book (P/B)0.73
Price to Sales (P/S)0.45
P/FCF Ratio4.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.12Price Target Upside8.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.13
Revenue Forecast (FY)HK$5.12B
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 c...
How the Company Makes Money
Jiumaojiu makes money mainly by operating its own branded restaurants and recognizing revenue from food and beverage sales to customers. Its key revenue streams typically include: (1) dine-in sales (the primary source) from set meals and à la cart...
Jiumaojiu International Holdings Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
57
Neutral
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.24B | 6.07B | 5.99B | 4.01B | 4.18B |
| Gross Profit | 1.38B | 2.19B | 3.24B | 1.12B | 1.30B |
| EBITDA | 466.98M | 545.94M | 1.45B | 768.72M | 1.08B |
| Net Income | 58.20M | 55.81M | 453.46M | 49.28M | 339.94M |
Balance Sheet | |||||
| Total Assets | 5.83B | 6.49B | 6.52B | 5.41B | 5.14B |
| Cash, Cash Equivalents and Short-Term Investments | 1.31B | 1.12B | 1.80B | 1.95B | 2.08B |
| Total Debt | 1.90B | 2.56B | 2.33B | 1.68B | 1.50B |
| Total Liabilities | 2.61B | 3.34B | 3.16B | 2.21B | 2.00B |
| Stockholders Equity | 3.22B | 3.15B | 3.34B | 3.17B | 3.08B |
Cash Flow | |||||
| Free Cash Flow | 579.68M | 435.11M | 345.14M | 314.18M | 519.90M |
| Operating Cash Flow | 926.35M | 975.98M | 1.01B | 684.24M | 856.18M |
| Investing Cash Flow | 24.00M | -797.77M | -150.19M | -587.69M | -490.43M |
| Financing Cash Flow | -640.26M | -904.70M | -646.41M | -480.85M | -788.59M |
Jiumaojiu International Holdings Ltd. Technical Analysis
Negative
1.96
Price Trends
1.80
Negative
1.92
Negative
2.06
Negative
Market Momentum
-0.07
Positive
29.44
Positive
12.07
Positive
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 1.96 is above the 20-day moving average (MA) of 1.76, above the 50-day MA of 1.80, and below the 200-day MA of 2.06, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 29.44 is Positive, neither overbought nor oversold. The STOCH value of 12.07 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$1.77B | ― | -2.36% | 25.19% | -28.38% | ― | |
66 Neutral | HK$1.06B | 51.19 | 0.99% | 7.11% | 6.74% | ― | |
66 Neutral | HK$1.15B | 3.97 | 12.32% | 5.56% | 7.49% | 78.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$2.28B | 19.78 | 5.05% | 6.90% | -3.45% | -50.11% | |
55 Neutral | HK$510.44M | 12.97 | 5.13% | 4.58% | -2.18% | 11.28% | |
51 Neutral | HK$2.17B | 40.19 | 1.82% | 1.12% | -13.86% | 6.94% |
* Consumer Cyclical Sector Average
HK:9922
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Tai Hing Group Holdings Ltd.
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26.88%
Jiumaojiu International Holdings Ltd. Corporate Events
Jiumaojiu Plans Governance Overhaul with New Constitutional Documents
May 6, 2026
Jiumaojiu International Holdings Limited plans to replace its existing third amended and restated memorandum and articles of association with a new version to align its constitutional documents with updated Hong Kong Listing Rules and the latest C...
Jiumaojiu Sets 2026 AGM to Approve Dividend, Board Changes and Share Mandates
May 6, 2026
Jiumaojiu International Holdings Ltd., a Hong Kong-listed Chinese restaurant group, has called its 2026 annual general meeting for June 5, 2026 in Guangzhou, where shareholders will review the 2025 audited financial statements and consider a final...
Jiumaojiu’s Tai Er ‘Fresh’ Upgrade Drives Q1 2026 Recovery and Network Expansion
Apr 10, 2026
Jiumaojiu International Holdings reported an unaudited network of 620 restaurants as of March 31, 2026, led by 482 Tai Er outlets and supported by brands such as Song Hot Pot and Jiu Mao Jiu. The group continues to expand and refine its brand port...
Jiumaojiu Earnings Dip as Store Count and Same-Store Sales Decline in 2025
Mar 27, 2026
Jiumaojiu International reported a decline in revenue to RMB5.23 billion for 2025 from RMB6.07 billion a year earlier, as store-level operating profit and core operating profit also fell. Despite lower turnover rates and same-store sales across it...
Jiumaojiu Declares Final 2025 Dividend of HKD 0.02 Per Share
Mar 27, 2026
Jiumaojiu International Holdings Limited has proposed a final ordinary cash dividend of HKD 0.02 per share for the financial year ended 31 December 2025, underscoring its intent to return cash to shareholders while maintaining its position in the ...
Jiumaojiu Sets March Board Meeting to Approve 2025 Results and Mull Dividend
Mar 17, 2026
Jiumaojiu International Holdings Ltd. has scheduled a board meeting for March 27, 2026, to review and approve its consolidated annual results for the year ended December 31, 2025. The board will also consider whether to recommend a final dividend,...
Jiumaojiu Invests USD47 Million for Major Economic Stake in Big Way Group
Feb 27, 2026
Jiumaojiu International Holdings has agreed to invest a total of USD47 million in Big Way Group Inc. through a combination of new Class A preferred share subscription and purchases from existing shareholders. Following completion, Jiumaojiu will h...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.