Bai Fu Holdings (01488.HK) Hot Stock Analysis: Impact of Yujian Xiaomian's Listing and Risk Assessment

Bai Fu Holdings (01488.HK) is a catering investment and operation company. Its current stock price is HK$0.60, with a market capitalization of approximately HK$947 million [0]. The core reason for recent attention is that Yujian Xiaomian (02408.HK), a catering brand it invested in, listed on the main board of the Hong Kong Stock Exchange on December 5, 2025. The company’s listing was supported by cornerstone investors such as Hillhouse Capital and Haidilao, and its public offering was oversubscribed by 426 times [2]. As of August 2025, after reducing its stake, Bai Fu Holdings still holds approximately 15.46% equity in Yujian Xiaomian [1]. In addition, Bai Fu Holdings announced in November 2025 the establishment of a joint venture, Shenzhen Shendianbao, to strengthen its layout in the catering track [3]. In terms of price: over the past 8 trading days (December 15 to December 24), the stock price fluctuated from HK$0.70 to HK$0.60. On December 24, the trading volume was 158,000 shares, lower than the average volume of 279,000 shares, indicating low trading activity [0]. Financially, the company’s EPS is -HK$0.16, and P/E ratio is -3.75, which is in a loss-making state [0].

1. Yujian Xiaomian, as an important investment target of Bai Fu Holdings, its listing and subsequent performance will directly affect the valuation of Bai Fu Holdings. It is necessary to continuously pay attention to Yujian Xiaomian’s operations and stock price trends [1][2].
2. Bai Fu Holdings’ joint venture establishment of Shenzhen Shendianbao shows its expansion ambition in the catering track. In the long term, it may enrich the investment portfolio, but in the short term, it is necessary to observe the investment effectiveness of the new company [3].
3. Bai Fu Holdings’ recent trading volume is below the average level, which may indicate that investors are taking a wait-and-see attitude towards its subsequent performance. It is necessary to pay attention to changes in market sentiment [0].

1. Investment target performance risk: If Yujian Xiaomian’s stock price remains sluggish, it will directly affect the valuation of Bai Fu Holdings [1][2].
2. Financial risk: The company is currently in a loss-making state, with negative EPS and P/E ratio, and faces greater financial pressure [0].
3. Market volatility risk: The recent stock price has fluctuated significantly, which is obviously affected by the listing event of Yujian Xiaomian. It is necessary to be alert to further volatility caused by changes in market sentiment [0].

1. Yujian Xiaomian, as the ‘first stock of Chinese-style noodle restaurants’, if its subsequent operations improve and its stock price rebounds, it will bring investment returns to Bai Fu Holdings [2].
2. The catering track still has growth potential. Through the layout of Shenzhen Shendianbao, Bai Fu Holdings may explore more high-quality investment opportunities [3].

Bai Fu Holdings (01488.HK) has become a hot stock due to the listing of its investment target Yujian Xiaomian (02408.HK). Currently, it holds approximately 15.46% equity in Yujian Xiaomian. Recently, the stock price has fluctuated significantly, dropping from HK$0.70 on December 15 to HK$0.60 on December 24, with trading volume below the average level. The company’s finances are in a loss-making state, with EPS of -HK$0.16 and P/E ratio of -3.75. It is necessary to pay attention to Yujian Xiaomian’s subsequent performance, Bai Fu Holdings’ financial status, and changes in market sentiment.