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 Stays on Growth Path as Chains Take Share From Independents; Shares Undervalued

Ivan Su

Aug 14, 2026

China's restaurant spending growth slowed to 1% in June, but Tai Er is outperforming the industry. Jiumaojiu's flagship brand continues to deliver mid- to high-single-digit same-store sales growth in mainland China.

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Jiumaojiu International Holdings Ltd Ordinary Shares

Jiumaojiu: Tai Er Stays on Growth Path as Chains Take Share From Independents; Shares Undervalued

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