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Mixue Group logo

Mixue Group

2097.HK

HKSEConsumer DefensiveBeverages - Non-Alcoholic

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Latest quote

HK$250.8

+HK$18.20 · +7.82%

Aug 24, 4:08 PM HKT

2097.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

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 of global territories. The company plays a crucial role in supporting its extensive franchisee ecosystem by furnishing vital ingredients, packaging materials, and retail store equipment. Its product lines are prominently featured under the Mixue and Lucky Cup brand identities. Furthermore, Mixue Group also delivers specialized IT services. The distribution of its offerings occurs through a vast network encompassing both franchised and proprietary retail locations. This expansive presence includes operations in China, Indonesia, Vietnam, Malaysia, Thailand, the Philippines, Cambodia, Laos, Singapore, Australia, South Korea, and Japan. Founded in 1997, the enterprise maintains its headquarters in Zhengzhou, People's Republic of China.

Industry
Beverages - Non-Alcoholic
Sector
Consumer Defensive
Headquarters
CN
CEO
Yuan Zhang
Listed since
Mar 3, 2025
Employees
9,102

Market position

Day range

Current HK$250.8

52-week range

Current HK$250.8

Open
HK$232.6
Previous close
HK$232.6
Volume
1.39M
2.95× average
Average volume
470.56K
Average daily volume
Market cap
95.21B HKD
Beta
0.3
Market reference 1
50-day average
HK$229.62
+9.23% above average
200-day average
HK$323.15
-22.39% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
130.23B CNY
P/E (TTM)
13.75×
P/B (TTM)
3.34×
P/S (TTM)
2.43×
EV / EBITDA
16.51×
Earnings yield
4.14%
Free cash flow yield
3.86%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
31.12%
Operating margin
21.52%
Net margin
17.55%
Return on equity
23.44%
Return on assets
18.61%
Return on invested capital
22.17%

Financial health

Debt / equity
0.01×
Current ratio
3.83×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%27%20%13%Gross margin, FY2021: 31.34%Gross margin, FY2022: 28.34%Gross margin, FY2023: 29.55%Gross margin, FY2024: 32.46%Gross margin, FY2025: 31.17%Operating margin, FY2021: 24.40%Operating margin, FY2022: 19.08%Operating margin, FY2023: 20.20%Operating margin, FY2024: 22.69%Operating margin, FY2025: 21.84%Net margin, FY2021: 18.46%Net margin, FY2022: 14.71%Net margin, FY2023: 15.45%Net margin, FY2024: 17.87%Net margin, FY2025: 17.54%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 31.34%. Gross margin FY2022 28.34%. Gross margin FY2023 29.55%. Gross margin FY2024 32.46%. Gross margin FY2025 31.17%. Operating margin FY2021 24.40%. Operating margin FY2022 19.08%. Operating margin FY2023 20.20%. Operating margin FY2024 22.69%. Operating margin FY2025 21.84%. Net margin FY2021 18.46%. Net margin FY2022 14.71%. Net margin FY2023 15.45%. Net margin FY2024 17.87%. Net margin FY2025 17.54%.

Income trends

Revenue

32.69B CNY+31.67%

Operating income

7.14B CNY+26.73%

Net income

5.73B CNY+29.25%
Income trends across reported periods35.77B CNY23.46B CNY11.14B CNY−1.17B CNYRevenue, FY2021: 10.35B CNYRevenue, FY2022: 13.58B CNYRevenue, FY2023: 20.3B CNYRevenue, FY2024: 24.83B CNYRevenue, FY2025: 32.69B CNYOperating income, FY2021: 2.53B CNYOperating income, FY2022: 2.59B CNYOperating income, FY2023: 4.1B CNYOperating income, FY2024: 5.63B CNYOperating income, FY2025: 7.14B CNYNet income, FY2021: 1.91B CNYNet income, FY2022: 2B CNYNet income, FY2023: 3.14B CNYNet income, FY2024: 4.44B CNYNet income, FY2025: 5.73B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 10.35B CNY. Revenue FY2022 13.58B CNY. Revenue FY2023 20.3B CNY. Revenue FY2024 24.83B CNY. Revenue FY2025 32.69B CNY. Operating income FY2021 2.53B CNY. Operating income FY2022 2.59B CNY. Operating income FY2023 4.1B CNY. Operating income FY2024 5.63B CNY. Operating income FY2025 7.14B CNY. Net income FY2021 1.91B CNY. Net income FY2022 2B CNY. Net income FY2023 3.14B CNY. Net income FY2024 4.44B CNY. Net income FY2025 5.73B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue32.69B CNY24.83B CNY20.3B CNY13.58B CNY10.35B CNY
Cost of goods sold22.5B CNY16.77B CNY14.3B CNY9.73B CNY7.11B CNY
Gross profit10.19B CNY8.06B CNY6B CNY3.85B CNY3.24B CNY
Research and development—104.87M CNY85M CNY32.3M CNY17.15M CNY
Selling, general, and administrative3.12B CNY2.35B CNY1.93B CNY473.94M CNY298.31M CNY
Operating expenses3.05B CNY2.43B CNY1.9B CNY1.26B CNY718.14M CNY
Interest income321.47M CNY107.02M CNY53.8M CNY44.32M CNY38.22M CNY
Interest expense4.8M CNY6.37M CNY14.7M CNY9.19M CNY5.97M CNY
Depreciation and amortization530.06M CNY419.36M CNY267.78M CNY183.76M CNY100.8M CNY
Operating income7.14B CNY5.63B CNY4.1B CNY2.59B CNY2.53B CNY
Net income5.73B CNY4.44B CNY3.14B CNY2B CNY1.91B CNY

Company facts updated Aug 24, 2026.

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ETFs holding 2097.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
17.36M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
17.04M
Weight
0.01%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
2.82M
Weight
0.00%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
Fidelity Emerging Markets Multifactor ETF logoFidelity Emerging Markets Multifactor ETFFDEM
Market value
2.13M
Weight
0.36%
AUM
580.81M USD
Expense ratio
0.25%
Price / 1D
$36.08+0.61%
Schwab Emerging Markets Equity ETF logoSchwab Emerging Markets Equity ETFSCHE
Market value
1.13M
Weight
0.01%
AUM
12.89B USD
Expense ratio
0.06%
Price / 1D
$36.97+0.71%
Vanguard Total World Stock ETF logoVanguard Total World Stock ETFVT
Market value
977.93K
Weight
0.00%
AUM
97.9B USD
Expense ratio
0.06%
Price / 1D
$160.77+0.53%
Global X China Consumer Brand ETF logoGlobal X China Consumer Brand ETF2806.HK
Market value
719.89K
Weight
0.48%
AUM
175.79M HKD
Expense ratio
0.68%
Price / 1D
HK$40.40-0.59%
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund logoWisdomTree Emerging Markets ex-State-Owned Enterprises FundXSOE
Market value
460.09K
Weight
0.02%
AUM
2.06B USD
Expense ratio
0.32%
Price / 1D
$47.505+0.54%

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