Movement Alert|HAIDILAO Rises 3.03% in Regular Trading, National Day Customer Flow Hits New High

Market Focus
Yesterday

On October 9, HAIDILAO rose 3.03% in regular trading, trading at HK$9.515/share, with Turnover of HK$65.8074 million.

The movement was driven by strong National Day operating data. The company disclosed that on October 1, its stores nationwide received nearly 2 million diners, setting a new high for this year's National Day holiday. The Urumqi store saw customer flow grow 231% year-on-year during the seven-day holiday, while the Shanghai Jing'an Joy City store achieved an average daily table turnover rate of 10.21 times, with a single-day peak exceeding 11 times. Earlier data showed that national store bookings for the first day of the holiday increased 35% year-on-year.

The stock had previously been pressured by controlling shareholder stake reductions and lower-than-expected August table turnover rates. The strong holiday operating data has helped restore some market sentiment, though institutions remain cautious about the sustainability of consumer demand, with some noting fourth-quarter demand prospects remain unclear.

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