Movement Alert｜HAIDILAO Rises 3.01% in Regular Trading, Sushi Brand Rushi Opens Two Wuhan Stores with Strong Performance

Market Focus07-29

On July 29, HAIDILAO rose 3.01% in regular trading, trading at HK$11.97/share, with turnover of HK$51.17 million.

On the news front, HAIDILAO's sushi brand Rushi Sushi simultaneously opened two new stores in Wuhan, officially entering the Central China market. The stores served over 1,000 customers daily in the first three days, achieving a table turnover rate of approximately 8 times, while group-buying vouchers sold over 40,000 copies within just two days of launch. Average spending per customer ranges between RMB 80-90. HAIDILAO stated that Rushi Sushi is transitioning from single-store validation to regional replication.

The expansion comes amid a growing domestic sushi market, with Japan-style cuisine reaching nearly RMB 69 billion in scale, and sushi shops accounting for 42.4% of total Japanese restaurant volume. Earlier, Caitong Securities initiated coverage on HAIDILAO with a Buy rating, highlighting the company's second growth curve potential, with delivery business revenue surging 111.9% year-over-year to RMB 2.658 billion and franchise stores reaching 79.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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