Mixue Group's stock soared 5.08% during intraday trading on Thursday, marking a significant upward movement.

The surge appears driven by a technical rebound after the stock approached its 52-week low, attracting buying interest. Valuation support also played a role, with the company's price-to-earnings ratio falling to around 15x, sitting at a historically low range.

Institutional attention contributed to the momentum, as China Galaxy Securities recently published a research note highlighting a left-side positioning opportunity in the tea beverage sector, noting that leading companies including Mixue have seen valuations compress. Fundamentally, Mixue reported strong revenue growth supported by its global store network, though market concerns about domestic saturation and margin compression persist.