Mixue Group Up 6.49% as Hong Kong-Listed Tea Beverage Stocks Strengthen on July 29, 2026
On July 29, 2026, Hong Kong-listed tea beverage stocks mostly rose, with Mixue Group gaining 6.49%. The Chinese freshly made beverage market totaled RMB 517.5 billion in 2023, with a compound annual growth rate of 22.5% from 2018 to 2023. The freshly made tea segment reached RMB 258.5 billion, growing at 15.3% CAGR. In the first six months of 2026, Mixue Group achieved over 60% of its 2025 full-year net profit of RMB 501 million.
In 2023, the total size of China's freshly made beverage market reached RMB 517.5 billion, with a compound annual growth rate of 22.5% from 2018 to 2023. Among this, the freshly made tea market reached RMB 258.5 billion, with a CAGR of 15.3% over the same period. The penetration rate of freshly made tea in residents' water intake has been steadily increasing.
The freshly made tea industry is shifting toward refined operations, with market concentration gathering among leading players. ‘Channel-type brands’ focus on high-frequency stable output and cost-effectiveness, aligning with the rational consumption trend and the high penetration of online food delivery. Categories such as tea, coffee, and ice cream are showing integration at the store level, with ‘tea-coffee fusion’ entering a phase of large-scale deployment. The RMB 10-15 price range has become the core competitive band. Coffee brands extending into tea have a relatively high success rate, and some leading tea brands have achieved breakthroughs in cross-border coffee ventures. Ice cream, breakfast, and other categories are also being tested and advanced.
Based on the full-year net profit of RMB 501 million in 2025, the first six months of 2026 have already completed more than 60% of the 2025 full-year profit.