On June 16, Mixue Group (02097.HK) fell 3.01% in regular trading, trading at 258.8 HKD/share, with turnover of approximately 22.55 million HKD, extending recent weakness.

On the news front, multiple headwinds continue to pressure the stock. China Galaxy Securities noted in a research report that delivery platform subsidy deceleration during April-May is now a confirmed trend, projecting industry-wide same-store revenue will turn negative from May through September. The company's new CEO Zhang Yuan also acknowledged that store profitability will face pressure following the subsidy withdrawal. Meanwhile, domestic store expansion is approaching physical limits with over 60,000 stores globally, while core raw material lemon procurement costs have surged over 60%, squeezing margins given the company's average ticket size of just 7.3 RMB which constrains pricing power.

Within the Restaurants sector, the overall sector is broadly weak. Among individual stocks, MEITUAN-W down 3.71%, YUM CHINA down 2.12%, GUMING down 4.01%, HAIDILAO down 2.31%, DPC DASH down 2.52%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)