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Jiumaojiu International Holdings Ltd.
(9922)
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Rating:50Neutral
Price Target:
HK$1.00
▼(-15.97% Downside)
Action:Reiterated
Date:06/26/26
The score is held back primarily by deteriorating fundamentals (2025 revenue decline and sharp margin compression) and very weak technicals (price below key moving averages with bearish momentum). These negatives are partly offset by resilient cash generation and a supportive dividend yield, but valuation remains demanding relative to the current profitability profile.
Positive Factors
Strong Cash Generation
Consistent operating and free cash flow provides internal funding for store operations, maintenance and selective expansion. The 2025 increase strengthens liquidity, although future cash outcomes may still vary with working capital and reinvestment needs.
Negative Factors
Revenue Contraction
The latest revenue decline indicates weaker customer traffic, store productivity or mix, and interrupts the post-pandemic recovery. Sustained contraction would limit operating leverage, reduce expansion capacity and make fixed restaurant costs harder to absorb.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Consistent operating and free cash flow provides internal funding for store operations, maintenance and selective expansion. The 2025 increase strengthens liquidity, although future cash outcomes may still vary with working capital and reinvestment needs.
Read all positive factors
Jiumaojiu International Holdings Ltd. (9922) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.51B
Dividend Yield5.38%
Average Volume (3M)1.54M
Price to Earnings (P/E)18.0
Beta (1Y)2.10
Revenue Growth-12.56%
EPS Growth82.25%
CountryHK
Employees16,517
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,337,583,700
10 Day Avg. Volume1,164,503
30 Day Avg. Volume1,538,679
Financial Highlights & Ratios
PEG Ratio11.97
Price to Book (P/B)0.70
Price to Sales (P/S)0.43
P/FCF Ratio3.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1.76Price Target Upside47.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.12
Revenue Forecast (FY)HK$4.94B
Jiumaojiu International Holdings Ltd. Business Overview & Revenue Model
Company Description
Jiumaojiu International Holdings Limited is a prominent manager and operator of Chinese cuisine restaurants, primarily based in the People's Republic of China. As of December 31, 2021, its extensive network included 453 directly operated restauran...
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
1.19
Price Trends
1.20
Negative
1.40
Negative
1.64
Negative
Market Momentum
-0.02
Positive
40.61
Neutral
15.87
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 1.19 is above the 20-day moving average (MA) of 1.17, below the 50-day MA of 1.20, and below the 200-day MA of 1.64, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.61 is Neutral, neither overbought nor oversold. The STOCH value of 15.87 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$1.46B | 10.25 | 15.54% | 5.78% | 8.46% | 56.14% | |
66 Neutral | HK$3.04B | 18.38 | 6.13% | 7.42% | -4.50% | -29.22% | |
62 Neutral | HK$856.86M | 34.83 | 0.75% | 10.08% | 8.18% | 100.92% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$608.90M | 14.69 | 6.33% | 4.64% | -0.04% | 16.95% | |
52 Neutral | HK$1.79B | -548.77 | -0.33% | 12.49% | -17.55% | 97.86% | |
50 Neutral | HK$1.51B | 17.96 | 2.33% | 5.38% | -12.56% | 82.25% |
* Consumer Cyclical Sector Average
HK:9922
Jiumaojiu International Holdings Ltd.
1.12
-1.27
-53.29%
HK:0052
Fairwood Holdings
4.75
-0.68
-12.62%
HK:9869
Helens International Holdings Company Limited
1.43
0.17
13.22%
HK:0341
Cafe de Coral Holdings Ltd.
5.39
-1.08
-16.63%
HK:0538
Ajisen (China) Holdings Limited
0.80
-0.14
-14.61%
HK:6811
Tai Hing Group Holdings Ltd.
1.47
0.45
44.26%
Jiumaojiu International Holdings Ltd. Corporate Events
Jiumaojiu Sets August Board Meeting to Approve Interim Results and Mull Dividend
Aug 18, 2026
Jiumaojiu International Holdings Ltd. has scheduled a board meeting for August 28, 2026 to review and approve the group’s unaudited consolidated interim results for the six months ended June 30, 2026. The same meeting will also consider the ...
Jiumaojiu Posts Stable Q2, Tai Er’s “Fresh” Model Drives Growth in China
Jul 10, 2026
Jiumaojiu reported stable operating performance in the second quarter of 2026, with its Tai Er brand in the Chinese mainland achieving double-digit year-on-year growth in same-store average daily sales and a table turnover rate of 3.5, while overs...
Jiumaojiu Secures Full Company Secretary Qualification for Su, Retains Dual Structure
Jun 8, 2026
Jiumaojiu International Holdings announced that the Hong Kong Stock Exchange has confirmed joint company secretary Su Danman will be fully qualified to serve as company secretary after an existing waiver expires in June 2026. The group will noneth...
Jiumaojiu Shareholders Approve All AGM Resolutions, Back Dividend and New Governance Rules
Jun 5, 2026
Jiumaojiu International Holdings Ltd. said all resolutions at its June 5, 2026 annual general meeting were approved by shareholders, including adoption of the 2025 audited financial statements and a final dividend of HKD0.02 per share. Shareholder...
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.