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Chinese freshly-made tea-drink chain (bubble/fruit tea) operating mainly via franchise stores in lower-tier cities.
Chinese freshly-made tea-drink chain (bubble/fruit tea) operating mainly via franchise stores in lower-tier cities.
In one line: A Chinese Mixue/Chagee-style bubble-tea franchise chain.
Moat: narrow (brand, distribution, scale). Wide franchise store network in price-sensitive lower-tier cities builds local brand recognition.
Headquarters: Shanghai, China · Founded: 2013 · Employees: 1,682
Size Auntea Jenny (Shanghai) Industrial (2589.HK) is a Hong Kong Consumer Discretionary company (Restaurants) with a market value of $784M, the 655th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$58.40 on 6 Nov 2026.
Performance Over six months the shares fell 61.3%, against +8.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 36.0% over the last twelve months (peer median +7.6%); the operating margin is 14.7% (peer median 5.3%).
Valuation It trades at 8.5× forward earnings against a peer median of 21.6× (2nd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -31 pp: the price already allows for a slowdown.
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$5.85B | HK$4.84B | HK$3.56B | HK$3.70B | HK$2.56B |
| Revenue growth | — | +36% | -4% | +45% | — |
| Gross profit | HK$1.84B | HK$1.52B | HK$1.05B | HK$1.05B | HK$619M |
| EBITDA | HK$936M | HK$765M | HK$531M | HK$600M | HK$305M |
| Net income | HK$693M | HK$544M | HK$357M | HK$429M | HK$174M |
| Free cash flow | HK$863M | HK$798M | HK$443M | HK$631M | HK$262M |
| Capital expenditure | HK$45.1M | HK$32.1M | HK$26.2M | HK$36.8M | HK$55.3M |
| Total debt | n/a | HK$105M | HK$134M | HK$142M | HK$153M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Auntea Jenny (Shanghai) Industrial 2589.HK | $784M | -61% | +36% | 15% | 8.5× | -7.1% |
| MIXUE 2097.HK | $8.80B | -37% | +35% | 20% | 11.5× | -18.5% |
| Chagee Holdings Limited Unsponsored ADR CHA | $2.44B | +19% | 0% | 11% | 7.9× | -4.1% |
| Guming 1364.HK | $7.08B | -4% | +47% | 25% | 14.8× | -4.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2589.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.1% | +9.0% | 2nd lowest of 21 |
| 6-month return | -61.3% | +8.1% | lowest of 21 |
| Distance from 52-week high | -67.0% | -16.1% | lowest of 21 |
| Revenue growth (TTM) | +36.0% | +7.6% | highest of 21 |
| Operating margin | 14.7% | 5.3% | 4th highest of 21 |
| Forward P/E | 8.5× | 21.6× | 2nd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -7.1% | 3.1% | least demanding of 17 |
| Growth delivered (Del g) | +23.7% | +11.6% | 4th highest of 17 |
| Hurdle (Req g minus delivered) | -30.8 pp | -6.1 pp | 2nd least demanding of 17 |
| EV / EBITDA | 4.1× | 12.3× | cheapest of 20 |
| Net debt / EBITDA | -2.5× | 2.0× | least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Auntea Jenny (Shanghai) Industrial 2589.HK | Hong Kong | $784M | -61% | +36% | 15% | 8.5× | -7.1% | +23.7% |
| First Watch Restaurant FWRG | United States | $794M | +6% | +16% | 3% | 53.3× | n/a | n/a |
| Collins Foods CKF.AX | Australia | $762M | +15% | +5% | 8% | 16.3× | 1.4% | +8.4% |
| Hiday Hidaka 7611.T | Japan | $760M | +11% | +10% | 11% | 23.5× | -3.3% | +16.1% |
| Bloomin' Brands BLMN | United States | $835M | +23% | -2% | 3% | 10.5× | 10.6% | +4.5% |
| Matsuya Foods 9887.T | Japan | $733M | +7% | +18% | 4% | n/a | n/a | n/a |
| Mos Food Services 8153.T | Japan | $845M | +10% | +6% | 5% | 30.3× | 2.2% | +7.4% |
| Kura Sushi 2695.T | Japan | $848M | -2% | +4% | 1% | 48.1× | 21.5% | +12.5% |
| Sapphire Foods India SAPPHIRE.NS | India | $715M | +12% | +13% | 4% | 409.8× | 46.7% | +25.1% |
| KOMEDA 3543.T | Japan | $859M | -4% | +13% | 17% | 19.2× | -0.7% | +14.7% |
| Maruchiyo Yamaokaya 3399.T | Japan | $710M | +82% | +19% | 11% | 28.4× | 3.5% | +24.7% |
| Cannae CNNE | United States | $700M | +25% | -7% | -17% | n/a | n/a | n/a |
| Royal 8179.T | Japan | $887M | +5% | +7% | 5% | 24.6× | 5.7% | +14.4% |
| Restaurant Brands Asia RBA.NS | India | $668M | +31% | +16% | 0% | n/a | n/a | n/a |
| Papa John's International PZZA | United States | $650M | -37% | -6% | 5% | 19.7× | 4.8% | +2.5% |
| A&W Food Services of Canada AW.TO | Canada | $625M | 0% | +3% | 30% | 14.0× | 2.6% | -0.6% |
| Super Hi International 9658.HK | Hong Kong | $619M | -23% | +11% | 6% | 18.1× | -1.7% | +30.7% |
| Biglari BH | United States | $1.01B | +5% | +8% | 5% | n/a | 22.1% | -1.8% |
| MTY Food MTY.TO | Canada | $600M | -6% | -4% | 16% | 8.2× | -3.8% | +18.4% |
| Doutor Nichires 3087.T | Japan | $1.03B | +33% | +8% | 7% | 16.3× | -4.7% | +10.6% |
| Ichibanya 7630.T | Japan | $1.06B | +21% | +8% | 6% | 57.3× | 12.2% | +8.2% |