Movement Alert|Haidilao Rises 3.11% in Regular Trading, Fitch Confirms BBB Rating amid Broad Restaurant Sector Strength

Market Focus07-02

On July 2, Haidilao rose 3.11% in regular trading, trading at HK$10.94/share, with turnover of HK$45.32 million.

On the news front, Fitch Ratings confirmed Haidilao's BBB long-term issuer rating with a Stable outlook on June 30, affirming the company's credit quality and international institutional recognition. Meanwhile, the restaurant sector rallied broadly, with Meituan-W up 6.13%, Cafe de Coral up 3.30%, and Yum China up 1.69%, reflecting notable sector linkage.

On the fundamental side, Haidilao's new product sold over 210,000 portions within one week of launch. The company's Red Pomegranate Plan has transitioned from scale expansion to refined operations, while its street-food hotpot brand's Nanjing debut store immediately topped local hotpot popularity rankings. Additionally, controlling shareholder Zhang Yong purchased over 11.35 million shares at approximately HK$13.39 per share in May, signaling management confidence in long-term growth prospects.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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