Jiumaojiu International Holdings Ltd Ordinary Shares

09922: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Jiumaojiu: Tai Er Recovery Gathers Momentum; Shares Undervalued

Ivan Su

Jan 14, 2026

Jiumaojiu reported sequentially improved fourth-quarter operations, with Tai Er’s same-store sales decline narrowing to negative 3% year over year, from negative 9% in the previous quarter. Performance at its other two brands—Jiu Mao Jiu and Song Hot Pot—remained subdued but stable.

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Jiumaojiu International Holdings Ltd Ordinary Shares

Jiumaojiu: Tai Er Recovery Gathers Momentum; Shares Undervalued

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