Jiujiuwang (01927.HK) Hong Kong Hot Stock Analysis

Jiujiuwang (01927.HK) is a candy manufacturer listed in Hong Kong, mainly producing OEM and own-brand sweet products. On December 4, 2025, the stock became a hot stock on the surge list of the Hong Kong stock market, closing with an increase of 6.92% at HK$0.139, with a trading volume of 1,155,000 shares, about 4 times the average volume [0]. From the price trend, the stock has performed actively recently: the 1-month change is +9.45%, year-to-date change is +16.81%, and 1-year change is +24.11%, showing a continuous upward trend. Although the trading volume increased significantly today, no specific breaking news or company announcements have been found to explain this price rise so far, which may be a short-term momentum effect driven by investor sentiment [0].

Financials show that the company recorded a net loss of RMB 3.623 million in 2024, a significant decline from the profit of RMB 4.92 million in 2023 [1]. The 2025 interim results show a net profit of RMB 4.08 million, down 48% year-on-year, and no dividend was declared. In terms of valuation, the stock currently has a price-to-book ratio of 0.23, far below 1, indicating that the stock price is severely undervalued, but this may also reflect market concerns about the company’s future prospects [0].

1. Short-term rise without clear catalysts: Although the stock’s increase and volume expansion are significant today, there is no support from specific positive news or announcements. Investors need to be alert that this short-term momentum-driven rise may lack sustainability.
2. Divergence between financial status and stock performance: The company’s financial performance in 2024 and the first half of 2025 was poor, but the stock price continued to rise. This divergence is worth noting, which may reflect market expectations for the company’s long-term transformation or potential positive factors, but it has not been confirmed yet.
3. Liquidity risk: The average trading volume of the stock is only about 280,000 shares. Although the volume increased significantly today, it may return to a low level in the future, which may affect investors’ entry and exit and increase trading difficulty [0].

• Risks
  :
  • Financial risk: The company’s recent profit decline or even loss means there is uncertainty about future profit prospects [1].
  • Liquidity risk: Low average trading volume may lead to increased stock price volatility [0].
  • Price fluctuation risk: This rise lacks clear catalysts, so short-term prices may correct.
• Opportunities
  :
  • Valuation repair opportunity: With a price-to-book ratio of only 0.23, if the company’s financial situation improves, there may be room for valuation repair [0].
  • Potential transformation opportunity: If the company can successfully adjust its business strategy or develop new profit growth points, it may drive long-term stock price increases.

Jiujiuwang (01927.HK) became a hot stock on the Hong Kong stock surge list on December 4, 2025, with a 6.92% increase and significant volume expansion. The company’s financial performance is poor: it turned from profit to loss in 2024, and net profit in the first half of 2025 decreased by 48% year-on-year. This rise has no clear catalyst and may be a short-term momentum effect. Investors need to pay attention to financial risks, liquidity risks and price fluctuation risks, while focusing on the company’s future business transformation and financial improvement.