Jiujiuwang (01927.HK) Hong Kong Hot Stock Analysis Report

Jiujiuwang (01927.HK) came into public view via the Hong Kong Stock Surge List on the Eastmoney App on December 22, 2025 [0]. Founded in 1999, the company mainly engages in chewing gum and other candy products. It listed on the Hong Kong Main Board in 2021, but in 2024, it achieved revenue of RMB 315 million while recording its first net loss since listing [3]. The trading data of the stock that day showed: opening price HK$0.141, highest/lowest price HK$0.141, closing price HK$0.138, with an increase of 2.22% [1][2]; trading volume was only 90,000 shares, turnover rate 0.01%, transaction amount HK$12,700, far below the market average [2]. On that day, the three major Hong Kong stock indices (Hang Seng Tech, Hang Seng, State-owned Enterprises) closed higher collectively, sectors like semiconductors and duty-free concepts were active, and market sentiment was positive. However, there was no significant movement in the food and beverage sector, nor any direct company-level positive news for Jiujiuwang [4][5].

1. Upward momentum comes from short-term market sentiment rather than fundamentals
   : Although the stock rose that day, there was a lack of substantial company-level positive factors; it was more likely the result of emotional transmission from the overall upward trend of Hong Kong stocks.
2. Low liquidity exacerbates price volatility risk
   : Extremely low turnover rate (0.01%) and trading volume indicate insufficient liquidity of the stock, making its price highly susceptible to fluctuations due to small amounts of capital.
3. Fundamentals deviate from stock price performance
   : The company’s weak fundamental state (net loss in 2024) and this short-term price rise form an obvious divergence; investors need to be alert to the risk of subsequent correction.

1. Weak fundamentals
   : The company recorded its first post-IPO loss in 2024, with a small revenue scale. Its main business, the candy industry, faces the challenge of market shrinkage [3].
2. Low liquidity risk
   : Extremely low trading volume and turnover rate lead to poor stock liquidity and high price volatility risk [2].
3. Lack of clear upward catalyst
   : This rise was not accompanied by any company-level business progress or positive news; the sustainability of the rise is questionable.

No clear investment opportunities were found in the current public information.

• Jiujiuwang (01927.HK) entered the Hong Kong hot stock list on December 22, 2025, rising 2.22% that day.
• The rise was mainly driven by the overall positive sentiment of Hong Kong stocks, with no direct company-level positive factors.
• The company has weak fundamentals, recording its first post-IPO loss in 2024, and the stock has extremely low liquidity.
• Investors should pay attention to the short-term support level around HK$0.135, resistance level around HK$0.141, and long-term support level around HK$0.10.