According to the latest data from the Stock Exchange of Hong Kong, on July 16th, there was a significant change in the share positions of XIAOCAIYUAN (HKEX: 00999). The total custody value of the positions reached HK$1.853 billion, accounting for 22.92% of the total.

Specifically, a major shareholder of the company deposited 270 million shares with UBS Securities Hong Kong Limited, increasing the shareholding proportion in that entity by 22.92%.

Industrial Securities has issued a research report maintaining an "Add" rating on XIAOCAIYUAN. The firm forecasts the company's revenue for 2026 and 2027 to be RMB 5.456 billion and RMB 5.625 billion respectively, representing year-on-year growth of 2.1% and 3.1%.

Net profit is projected to be RMB 580 million for 2026 and RMB 600 million for 2027, indicating a year-on-year decline of 18.8% followed by growth of 3.3%.

Based on the closing price on July 13th, 2026, the corresponding price-to-earnings (P/E) ratios for 2026 and 2027 are estimated at 13x and 12x, with dividend yields of 5.5% and 5.7% respectively.

The report notes that 2026 is expected to be a year of adjustment for the company. XIAOCAIYUAN is proactively adjusting its menu pricing, dynamically managing the pace of new store openings, and stabilizing its core business while optimizing its internal structure.

Consequently, the brokerage anticipates a near-term slowdown in growth rate, a strategic move intended to secure more stable and healthy long-term development.