Mixue Group's stock surged 5.51% during intraday trading, marking a significant upward movement for the beverage chain operator. The company's shares experienced strong buying interest following a period of weakness.

The restaurant sector showed broad-based strength, with peers like Meituan, Haidilao and DPC Dash also posting gains, demonstrating significant sector linkage effects. The stock had previously broken below its 52-week low, creating technical rebound demand following short-term oversold conditions.

Additionally, Mixue Group previously proposed a share buyback of up to 10% of issued H shares, providing further support to market sentiment. Multiple brokerages recently issued bullish reports, with Huaxing Securities maintaining a Buy rating and BOCI initiating coverage with an Outperform rating, citing the company's competitive advantages in lower-tier markets and overseas expansion potential.