12 December 2025 | 7:25AM CST Equity Research CHINA RESOURCES MIXC LIFESTYLE (1209.HK) Consolidator with high-visibility runway; Buy We reiterate our Buy rating on CR Mixc given its competitive edge in commercial management and a highly visible, multi-year growth runway. We believe the company is poised for robust expansion via third-party mall management, which would drive significant scale and margin improvement through operating leverage. This is complemented by a strategic, quality focused approach in i ...