JIUMAOJIU (09922) rebounded more than 4%, rising 4% to HK$1.82 at the time of writing, with a turnover of HK$11.5281 million. The company recently announced that while same-store sales at its three major self-operated brands remained under pressure, they have improved for three consecutive quarters. Same-store daily sales at Tai Er fell 9.3% year-on-year, a significant improvement from the 19.0% decline in the first half. Same-store daily sales at Song Hotpot and JIUMAOJIU dropped 19.1% and 14.8% year-on-year, respectively, also showing marginal recovery. Key cities like Beijing and Shanghai achieved positive year-on-year growth in same-store sales in Q3. Huaxing Securities noted that JIUMAOJIU maintained stable operations in Q3, with its major brands in an adjustment phase. Same-store sales at Tai Er, Song Hotpot, and JIUMAOJIU declined year-on-year, though Tai Er's drop narrowed within the quarter. Due to store adjustments, full-year profits may slightly miss current expectations. The institution expects smooth adjustments across all brands in Q4.