1. People's Republic of China Stocks

  2. •

    Consumer Defensive

  3. •

    Beverages - Non-Alcoholic
Mixue Group

Mixue Group

2097.HK
Mixue GroupHK flagHong Kong Stock Exchange
205.80
HKD
+1.40
- -
78.13BMarket Cap
Mixue Group
2097.HK
(Hong Kong Stock Exchange)

Recent

price

205.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
FRC
27.45
36
53.84
65.85
89.24
Revenue per Share
5.07
5.3
8.32
11.77
15.65
Basic EPS, GAAP
1.96
3.1
5.58
12.09
14.22
Free Cash Flow per Basic Share
1.07
0.28
0.27
- -
- -
Dividend per Share
7.82
12.78
20.46
32.23
47.99
Book Value per Share
14.55
19
27.27
39.06
64.39
Tangible Book Value per Share
377
377
377
377
376
Basic Weighted Avg Shares
10,351
13,576
20,302
24,829
33,560
Sales/Revenue/Turnover
24.4
19.08
20.2
22.69
21.74
Operating Margin (%)
101
184
268
419
544
Depreciation Expense
1,910
1,997
3,137
4,437
5,887
Net Income, GAAP
25.28
24.26
23.29
23.34
21.5
Effective Tax Rate (%)
18.46
14.71
15.45
17.87
17.54
Profit Margin (%)
3,368
4,217
5,414
7,379
15,919
Working Capital
62
63
54
41
84
LT Debt
5,543
7,479
10,595
15,061
24,769
Total Equity
- -
28.49
32.75
32.18
27.95
Return on Invested Capital (%)
- -
48.34
46.55
43.08
37.86
Return on Capital (%)
- -
51.42
50.06
44.66
38.99
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
64.46%
Free Cash Flow
- -
- -
17.3%
Net Income, GAAP
- -
- -
32.69%
Sales/Revenue/Turnover
- -
- -
35.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
4,909
- -
- -
- -
20,302
2024
7,983
6,169
- -
- -
24,829
2025
- -
- -
- -
- -
33,560

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
8.32
2024
- -
- -
- -
- -
11.77
2025
- -
- -
- -
- -
15.65

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.27
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Similar Companies
Coca-Cola Company (CCC3.DE)
M Line Holdings, Inc. (MLHC)
Summi (Group) Holdings Limited (0756.HK)
National Beverage Corp. (FIZZ)
Coca-Cola FEMSA, S.A.B. de C.V. (KOFUBL.MX)
Hat Trick Beverage, Inc. (HKBV)
Business
MIXUE Group (2097.HK) operates as a leading China-based chain specializing in the development, production, sales, and franchise management of ready-made beverages and ice cream products; it supplies core ingredients, packaging materials, store equipment, and IT services to its extensive network of primarily franchised outlets under the Mixue Ice Cream & Tea and Lucky Cup brand names, encompassing fruit teas such as passion fruit bubble tea and lemon jasmine tea, milk teas including classical milk tea and o-coco milk tea, soft-serve ice creams, milk shakes like strawberry peach mi shake, sundaes such as super mango sundae, and coffee offerings. Founded in 1997 and headquartered in Zhengzhou, Henan Province, the company serves value-conscious consumers through over 45,000 stores, making it the world's largest food-service chain by outlet count, with operations spanning Mainland China, Hong Kong, and international markets including Indonesia, Vietnam, Malaysia, Thailand, the Philippines, Cambodia, Laos, Singapore, Australia, South Korea, Japan, and planned expansion into the United States. In March 2025, MIXUE Group completed its initial public offering on the Hong Kong Stock Exchange, raising approximately HK$3.45 billion in the city's largest IPO of the year; in October 2025, it acquired a 53% stake in Xianpi Fuluji (Fulujia) for RMB 297 million via capital increase and equity transfer, establishing the fresh beer brand as a non-wholly-owned subsidiary to diversify into on-tap fresh beer and leverage synergies in supply chain, R&D, logistics, and marketing resources.