On July 2, Mixue Group rose 4.9% in regular trading, trading at HK$234.2/share, with turnover of HK$36.36 million.

On the news front, the restaurant sector showed broad-based strength, with Meituan up 7.08%, Haidilao up 4.05%, and DPC Dash up 3.87%, demonstrating significant sector linkage effects. The stock had previously broken below its 52-week low on June 30, creating a new post-listing low, which generated technical rebound demand following the short-term oversold condition. Additionally, the company previously proposed a share buyback of up to 10% of issued H shares, providing further support to market sentiment.

Notably, the stock has experienced a steep decline of approximately 63% over the past year from its historical closing high of HK$615.50. Multiple brokerages recently issued bullish reports, with Huaxing Securities maintaining a Buy rating and a target price of HK$475.40, while BOCI initiated coverage with an Outperform rating, citing the company's competitive advantages in lower-tier markets and overseas expansion potential.

(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.)