Tea beverage stocks were among the top performers in the Hong Kong market. As of writing, MIXUE GROUP (02097) rose 7.72% to HK$315.4, while AUNTEA JENNY (02589) climbed 5.85% to HK$106.8. NAYUKI (02150) increased 2.5% to HK$0.82, and GUMING (01364) advanced 2.11% to HK$26.14.

On the news front, AUNTEA JENNY announced that all pre-IPO shareholders, including its controlling shareholder, have voluntarily extended their share lock-up periods. The controlling shareholder group extended their lock-up by an additional six months until November 7, 2026, while other pre-IPO shareholders extended theirs by three months until August 7, 2026.

Additionally, freshly-made tea beverage brand GUMING is planning to launch franchising in Nanjing, with the first stores expected to open in the second half of this year. This marks GUMING's first entry into the Nanjing market.

China Securities noted that leading tea beverage companies continue to maintain stable growth rates. It is anticipated that platforms may still offer subsidies in the first half of 2026, or leading brands may implement targeted subsidies. Leading companies are expected to benefit from staggered subsidy periods, their own high-quality growth, and measures to improve sales per square foot, potentially leading to strong same-store sales verification early next year.

Huayuan Securities pointed out that in the freshly-made tea beverage segment, investors should focus on leading brands with strong brand power and extensive regional coverage, such as MIXUE GROUP and GUMING.