Core Viewpoint - Jiumaojiu (09922) experienced a decline of over 5% in early trading, with a current drop of 4.85%, trading at HKD 2.16, with a transaction volume of HKD 10.193 million [1] Group 1: Company Performance - Jiumaojiu announced that by the fourth quarter of 2025, the operational performance of its main brands is expected to stabilize and improve [1] - The Taier brand has achieved a year-on-year increase in same-store daily sales in mainland China, indicating the effectiveness of previous operational adjustments and store model upgrades [1] - The "Fresh" model stores have shown particularly strong performance, providing robust support for the overall recovery of Taier's operations [1] Group 2: Financial Forecasts - According to CMB International, Jiumaojiu's revenue for the full year 2025 is projected to decline by 14% year-on-year, primarily due to a net decrease in store numbers affecting overall sales scale [1] - Despite the narrowing decline in same-store sales for the Taier brand, the Jiumaojiu/Song brand is expected to experience a mid-to-high double-digit year-on-year decline in same-store sales in the second half of the year [1] - The net profit forecast for 2025 has been revised down to RMB 87.67 million, influenced by operational leverage, store closures, and related costs from store adjustments [1] - The impact of store adjustments is expected to be reflected largely in 2025, with the company anticipated to achieve profit recovery in 2026 [1]
九毛九早盘跌超5% 机构预计九毛九2025全年收入将同比下降14%