Haidilao's stock surged 5.08% during intraday trading on Thursday, marking a significant upward movement for the restaurant chain.

The price increase follows Fitch Ratings' confirmation of Haidilao's BBB long-term issuer rating with a Stable outlook, affirming the company's credit quality and gaining international institutional recognition. Additionally, the broader restaurant sector experienced a rally, contributing to positive market sentiment.

Fundamental factors supporting the movement include Haidilao's new product selling over 210,000 portions within one week of launch, the company's strategic transition from scale expansion to refined operations under its Red Pomegranate Plan, and the successful debut of its street-food hotpot brand in Nanjing which immediately topped local popularity rankings. Further confidence is signaled by controlling shareholder Zhang Yong's purchase of over 11.35 million shares in May.