Haidilao stock reports 7.9 percent revenue growth in first half

Published on 10/04/2026 at 14:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Haidilao stock was last at HKD 9.20 on October 2, 2026, after first-half revenue reached RMB 22.3 billion. Delivery revenue rose 121.2 percent.

Haidilao, KYG4290A1013, Illustration mit AI erstellt.

Haidilao International Holding (ISIN KYG4290A1013) reported RMB 22.3 billion in revenue for the six months ended June 30, 2026, up 7.9 percent year over year. The companys latest figures show a split performance: delivery is expanding rapidly, while the established restaurant business is contracting.

Delivery drives first-half growth

According to Moomoo in its report on the six months ended June 30, 2026, profit for the period rose 0.5 percent to RMB 1.76 billion, while core operating profit, a non-IFRS measure, increased 4.4 percent to RMB 2.51 billion. The core operating profit margin was 11.3 percent, down 0.4 percentage points year over year.

The business mix explains why revenue growth did not translate into a larger earnings increase. Delivery revenue surged 121.2 percent to RMB 2.05 billion, while restaurant operating revenue fell 4.0 percent to RMB 17.8 billion, according to Moomoo.

Founder sale keeps sentiment under pressure

The shareholder structure added a separate market issue in September. CNFIN reported on September 9, 2026, that SP NP Ltd. sold 259 million shares at HKD 10.62, representing 4.65 percent of the issued share capital. The controlling shareholders retained 45.49 percent after the transaction.

The company said in the same announcement that the disposal was for private funding and financial arrangements and was unrelated to business operations. For investors, the key tension is visible in the numbers: delivery is growing at triple-digit rates, but the core restaurant network is still shrinking in revenue.

Consensus target remains above market price

Investing.com listed a Buy consensus from 27 analysts, including 24 Buy ratings and 5 Hold ratings, with an average 12-month target of HKD 15.28. The highest target was HKD 19.69 and the lowest was HKD 11.31.

Against the HKD 9.20 price, the average target implies that the price lies 39.8 percent below the consensus target. That gap reflects the market debate over whether new formats and delivery can offset softer same-store restaurant demand.

Haidilao stock was last at HKD 9.20

Haidilao stock was last at HKD 9.20 on HKEX on October 2, 2026, at 4:08 p.m. HKT, down 1.39 percent from the prior close. The price sat within the HKD 8.95 to HKD 17.86 52-week range, while trading volume reached 12,415,038 shares.