Shares in Chinese Hotpot Chain Haidilao Fall After Earnings Miss

Dow Jones
08/26
 

By Megan Cheah

 

Shares of Chinese hotpot giant Haidilao International slipped after its profit for the first half missed expectations.

The Hong Kong-listed stock fell as much as 6.5% to 13.92 Hong Kong dollars on Tuesday before recouping some losses to trade at HK$14.56. That compared with the benchmark Hang Seng Index's 0.3% decline by midmorning trading.

Haidilao late Monday reported a 14% drop in first-half net profit to 1.76 billion yuan, equivalent to $246.1 million, due to lower table turnover and some product changes.

The figure missed estimates by about 10%, according to Citi analysts Xiaopo Wei and Vincent Young.

Revenue declined 3.7% from a year ago to 20.70 billion yuan, weighed by lower same-store sales.

However, the company's operating ratio, or operating expense as a percentage of sales, didn't deteriorate as feared, thanks to good cost control, the analysts said in a note.

Citi maintained its buy rating and target price of HK$24.20 on the hotpot restaurant operator.

 

Write to Megan Cheah at megan.cheah@wsj.com

 

(END) Dow Jones Newswires

August 25, 2025 23:18 ET (03:18 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10