0749 GMT - Haidilao International Holding will likely report weaker-than-expected 1H earnings, dragged by declining sales and margins, HSBC Global Research analysts write in a note. Due to weaker-than-expected consumer demand, HSBC Global Research now see its growth in 1H tracking below its previous earnings estimates and expects 1H revenue to drop by mid-single digits on-year, primarily driven by the decline in table turnover at Haidilao restaurants, they say. The brokerage expects its net profit will drop 7.6% on year to CNY1.88 billion due to higher margins and rising staff costs amid falling sales, they say. HSBC Global Research maintains the stock's hold rating and cut its target price to HK$14.50 from HK$15.70. Shares were last at HK$14.64.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

July 24, 2025 03:49 ET (07:49 GMT)

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