Hong Kong Stock Hot Stock Analysis: Jiujiuwang (01927.HK) Market Interpretation on January 2, 2026

Jiujiuwang (01927.HK) is a Chinese candy manufacturer listed on the Hong Kong Stock Exchange in 2021, mainly engaged in traditional candy businesses such as chewing gum and lollipops [0]. On January 2, 2026, the stock became a hot stock in Hong Kong, but no direct company-level catalysts (such as performance announcements, new product launches, etc.) were found through analysis [1]. On that day, the Hong Kong stock market performed strongly overall, with the Hang Seng Index rising by about 2.2% and market risk appetite increasing [2]. Meanwhile, as a low-cap consumer stock (2024 revenue of 315 million RMB), Jiujiuwang is easily noticed by short-term speculative funds; these indirect factors may have driven it to become a hot stock [3].

Financially, the company recorded its first net profit loss since listing in 2024 [3], and its mid-2025 net profit decreased by about 47% year-on-year (from 7.8 million yuan in the same period of 2024 to 4.1 million yuan) [4], reflecting weak business growth. At the industry level, China’s candy industry is facing pressure from consumption transformation, as consumers shift to low-sugar and healthy products, limiting the growth space of Jiujiuwang’s traditional candy business [3].

1. Indirectness of Hot Stock Drivers
   : Jiujiuwang became a hot stock that day not due to its own major events, but benefited from the overall rebound sentiment of Hong Kong stocks and the speculative characteristics of small-cap stocks [2, 3].
2. Industry Transformation Challenges
   : The company’s transformation to low-sugar and functional products has been slow, failing to effectively respond to changes in the consumer market, which is the core reason for its poor financial performance [3].
3. Risk of Speculative Trading
   : Short-term hot trends without clear catalysts are more likely to be speculative transactions driven by market sentiment, and their sustainability is questionable [2, 3].

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1. Business Growth Risk
   : Demand for traditional candy business is shrinking, and the transformation to low-sugar products is slow, leading to uncertain future growth prospects [3].
2. Financial Risk
   : The 2024 loss and mid-2025 profit decline pose challenges to financial stability [4].
3. Speculative Trading Risk
   : Short-term popularity lacks fundamental support, and stock price fluctuations may be large [2].

:
If the company can accelerate the R&D and promotion of low-sugar and healthy products and seize the opportunity of consumption transformation, it may improve its business performance [3].

• Jiujiuwang (01927.HK) became a hot stock on January 2, 2026, mainly affected by the overall upward sentiment of Hong Kong stocks and speculative trading of small-cap stocks, lacking direct company catalysts [1, 2, 3].
• The company’s financial performance is under pressure: first loss in 2024 and 47% mid-2025 profit decline [3, 4].
• China’s candy industry faces significant consumption transformation pressure; Jiujiuwang’s traditional business has weak growth and slow transformation progress [3].
• Due to data limitations, real-time price data for that day was not obtained; subsequent attention should be paid to the company’s business transformation progress and performance announcements [0].