格隆汇1月30日丨九毛九(09922.HK)公告，1月30日耗资200.1万港元回购91.8万股。 ...

九毛九(09922)发布公告，该公司于2026年1月30日斥资200.11万港元回购91.8万股股份，每股回购价格 为2.15-2.21港元。 ...

智通财经APP讯，九毛九(09922)发布公告，该公司于2026年1月30日斥资200.11万港元回购91.8万股股 份，每股回购价格为2.15-2.21港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 九毛九国际控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期： 2026年1月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09922 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關 ...

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]

智通财经APP获悉，九毛九(09922)早盘跌超5%，截至发稿，跌4.85%，报2.16港元，成交额1019.3万港 元。 消息面上，九毛九此前发布公告，于2025年第四季度，集团主要品牌的经营表现稳中向好。其中，太二 于中国内地的同店日均销售额同比已实现转正，反映前期经营调整及门店模型升级的成效进一步显现。 期内，"鲜活"模式门店表现尤为突出，为太二整体经营恢复提供了有力支撑。 交银国际发布研报称，预计九毛九2025全年收入将同比下降14%，考虑到尽管太二品牌同店同比降幅逐 季收窄，但门店数量的净减少仍将拖累整体销售规模；九毛九/怂品牌下半年同店仍有中-高双位数的同 比下滑。受经营负杠杆、关店及调改门店带来的相关费用影响，该机构下调2025年净利润预测至8,767 万元人民币。门店调整影响大部分将在2025年反映，公司有望在2026年实现盈利修复。 ...

Group 1: Industry Overview - In 2025, the domestic catering industry in China reported a total revenue of 57,982 billion yuan, marking a year-on-year growth of 3.2% [1] - The revenue from catering enterprises above designated size reached 16,337 billion yuan, with a growth rate of 2.0% [1] - The industry is experiencing a shift from incremental expansion to stock competition, with challenges such as market fragmentation and evolving consumer demands [1] Group 2: Hot Pot Industry Insights - The hot pot industry has entered a phase of "stable total, optimized structure," with a decline in the number of hot pot restaurants by 5.7% year-on-year, totaling approximately 551,000 by the end of 2023 [2] - The top 100 hot pot brands accounted for a market share of 16% in the first half of 2025, generating a combined revenue of 99 billion yuan [2] - Despite the increase in industry concentration, leading companies like Haidilao and Jiumaojiu reported declines in revenue and net profit, indicating overall pricing pressure in the industry [3] Group 3: Consumer Trends and Market Dynamics - The average spending per person on hot pot has decreased from over 80 yuan to around 70 yuan, reflecting a price-sensitive market [3] - The rise of small hot pot brands is notable, with over 24,000 related enterprises existing by November 2025, showing a year-on-year growth of 2.6% [4] - Consumer preferences are diversifying, with younger consumers favoring unique flavors and healthier options, leading to a segmented market [5] Group 4: Challenges in the Hot Pot Sector - The hot pot industry faces challenges such as oversaturation of stores, rising costs, and a lack of innovation, with food ingredient costs increasing from 38% to 45% of total expenses [6] - The industry is experiencing a shift from reliance on store expansion to focusing on supply chain efficiency and differentiated positioning [6] - The competition is intensifying, with brands needing to balance cost and quality to maintain profitability [6] Group 5: Chinese Cuisine and Market Fragmentation - The Chinese dining market is characterized by a "big market, small companies" phenomenon, with leading brands holding less than 1% of the total market share [8] - High cooking standards and regional flavor preferences hinder the scalability of Chinese cuisine, making it difficult for brands to achieve nationwide recognition [8][9] - Many brands are exploring "fusion cuisine" to overcome regional limitations, but face challenges in maintaining flavor integrity and operational efficiency [9] Group 6: Fast Food Sector Challenges - The fast food segment, represented by brands like Laoxiangji and Yuanji Yun Jiao, faces intense competition despite having a large number of stores [11] - Laoxiangji, as the leading brand, has expanded to 1,404 stores but struggles with maintaining quality across its franchise model [12] - Yuanji Yun Jiao's rapid expansion through franchising raises concerns about quality control and food safety, impacting brand reputation [12] Group 7: Future Outlook - The growth logic of the catering industry is shifting from "store scale competition" to "single-store efficiency competition," emphasizing supply chain optimization and quality management [15] - Brands that can balance expansion, quality control, and cost management will likely succeed in the evolving market landscape [15] - The industry is expected to continue facing challenges related to consumer trust and operational efficiency, necessitating ongoing innovation and adaptation [15]

格隆汇1月29日丨九毛九(09922.HK)公告，1月29日耗资200.2万港元回购89.2万股。 ...

九毛九(09922)发布公告，于2026年1月29日该公司斥资200.16万港元回购89.2万股，回购价格为每股 2.16-2.27港元。 ...

智通财经APP讯，九毛九(09922)发布公告，于2026年1月29日该公司斥资200.16万港元回购89.2万股，回 购价格为每股2.16-2.27港元。 ...