Shares in Chinese Hotpot Chain Haidilao Fall After Earnings Miss

Dow Jones

Aug 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)

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That compared with the benchmark <a href=\"https://laohu8.com/S/HSNGF\">Hang Seng</a> Index's 0.3% decline by midmorning trading. \n</p>\n<p>\n  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. \n</p>\n<p>\n  The figure missed estimates by about 10%, according to Citi analysts Xiaopo Wei and Vincent Young. \n</p>\n<p>\n  Revenue declined 3.7% from a year ago to 20.70 billion yuan, weighed by lower same-store sales. \n</p>\n<p>\n  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. \n</p>\n<p>\n  Citi maintained its buy rating and target price of HK$24.20 on the hotpot restaurant operator. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Megan Cheah at megan.cheah@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 25, 2025 23:18 ET (03:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; 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That compared with the benchmark <a href=\"https://laohu8.com/S/HSNGF\">Hang Seng</a> Index's 0.3% decline by midmorning trading. \n</p>\n<p>\n  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. \n</p>\n<p>\n  The figure missed estimates by about 10%, according to Citi analysts Xiaopo Wei and Vincent Young. \n</p>\n<p>\n  Revenue declined 3.7% from a year ago to 20.70 billion yuan, weighed by lower same-store sales. \n</p>\n<p>\n  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. \n</p>\n<p>\n  Citi maintained its buy rating and target price of HK$24.20 on the hotpot restaurant operator. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Megan Cheah at megan.cheah@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 25, 2025 23:18 ET (03:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06862","symbol_name":"海底捞","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2562205840","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2562205840","pubTimestamp":1756178280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"06862":"海底捞"},"translate_title":"中国火锅连锁店海底捞股价因盈利未达预期而下跌","themeId":"603fc01a231e9da8f320ba5d727ffbf3","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06862":1},"content_text":"By Megan Cheah \n\n\n \n\n\n  Shares of Chinese hotpot giant Haidilao International slipped after its profit for the first half missed expectations. \n\n\n  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. \n\n\n  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. \n\n\n  The figure missed estimates by about 10%, according to Citi analysts Xiaopo Wei and Vincent Young. \n\n\n  Revenue declined 3.7% from a year ago to 20.70 billion yuan, weighed by lower same-store sales. \n\n\n  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. \n\n\n  Citi maintained its buy rating and target price of HK$24.20 on the hotpot restaurant operator. \n\n\n \n\n\n  Write to Megan Cheah at megan.cheah@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 25, 2025 23:18 ET (03:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}