---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41765790.md"
description: "$Chagee(CHA.US) and $MIXUE GROUP(02097.HK) both rose slightly. After the wave of new tea drink IPOs passed, both companies' stock prices entered a long period of valuation digestion. The store expansion data isn't bad, but the capital market is no longer paying for store opening speed alone. What will truly make valuations jump again in the future is most likely the inflection point in the single-store model's profit margin, not the number of stores—which company will deliver this proof first? I'm betting on $MIXUE GROUP(02097.HK), which has a clearer path to supply chain cost dilution. The story for $Chagee(CHA.US)'s higher average ticket price awaits validation from its overseas stores."
datetime: "2026-06-12T10:20:12.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41765790.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41765790.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41765790.md)
author: "[玖玖er](https://longbridge.com/en/profiles/27042520.md)"
---

# $Chagee(CHA.US) and $MIXUE GROUP(02097.HK) both ro…


### Related Stocks

- [CHA.US](https://longbridge.com/en/quote/CHA.US.md)
- [02097.HK](https://longbridge.com/en/quote/02097.HK.md)