Hong Kong Stock Hot Stock Analysis: Jiujiuwang (01927.HK) Short-term Volatility vs. Fundamental Divergence

Jiujiuwang (01927.HK) is a confectionery manufacturing enterprise listed on the Hong Kong Stock Exchange. Its core business includes the production and sales of gum-based candies, compressed candies, etc., mainly focusing on OEM, with its own brands including Jiujiuwang and Kusha [2]. According to the event source, this stock made it to the East Money App Hong Kong Stock Surge List [0], indicating high short-term market attention.

From the industry perspective, recently some sub-sectors of the food and beverage sector have performed actively, with snacks and pre-processed food sub-sectors leading the gains [1]. The candy and snack track where Jiujiuwang is located may benefit from the overall positive industry sentiment. At the company level, Jiujiuwang participated in the Shanghai SIAL Exhibition and the Cross-Strait Food Trade Fair in May and July 2025 respectively, increasing brand exposure [2], which may have a short-term boost on its stock price.

Although Jiujiuwang made it to the hot list in the short term, attention should be paid to the divergence between its fundamentals and market sentiment. According to data [3], the company’s 2024 operating revenue was only 315 million yuan, recording its first net profit loss attributable to parent company shareholders since listing, with weak performance. Meanwhile, the candy market is highly competitive, and the trends of high-endization and healthiness pose challenges to traditional candy enterprises [3], which may bring pressure to the company’s long-term development.

• Risks
  : The company reported a loss in 2024, with weak fundamentals [3]; the candy industry is highly competitive, needing to respond to changes in consumption trends [3]; currently, there is a lack of clear price data and direct catalytic events, leading to high short-term speculative hype risks; the company has a small market capitalization, which may lead to insufficient liquidity issues.
• Opportunities
  : The recent overall industry sentiment is positive, and the company has increased brand exposure by participating in important exhibitions. If it can seize industry opportunities to adjust its product structure, it may have long-term development potential.

Jiujiuwang (01927.HK) has become a hot stock in the short term driven by industry sentiment and exhibition exposure, but its 2024 loss indicates weak fundamentals. Investors need to pay attention to the actual price changes after the market resumes trading and make a comprehensive judgment based on the company’s fundamentals and industry trends.