Haidilao reports 121.20 percent delivery growth: what it means for Haidilao stock

Published on 10/07/2026 at 01:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Delivery revenue rose 121.20 percent in the first half of 2026. For Haidilao stock this means a prior close of EUR 1.04 on October 5, 2026.

Haidilao, KYG4290A1013, Illustration mit AI erstellt.

Haidilao stock is tied to a sharp change in its growth mix: delivery revenue rose 121.20 percent to RMB 2.051 billion in the first half of 2026, according to GMT Eight on August 25, 2026. The result matters because the core restaurant business contracted while newer formats and delivery services supplied the clearest expansion signal.

Delivery growth changes the mix

Total revenue reached RMB 22.337 billion in the six months ended June 30, 2026, up 7.89 percent from the same period of 2025, while profit attributable to owners increased 0.47 percent to RMB 1.767 billion, GMT Eight reported. Core operating profit rose 4.38 percent to RMB 2.513 billion, showing that operating improvement was stronger than the small increase in reported profit.

The delivery business accounted for 9.2 percent of group revenue, compared with 4.5 percent in the prior-year period. Other restaurant operations also grew 113.1 percent to RMB 1.271 billion, according to Tianfeng Securities on September 23, 2026.

Margins and stores remain the test

The operating picture is not uniformly positive. Haidilao restaurant revenue fell 4.0 percent year over year, same-store sales declined 1.3 percent, and the core operating profit margin decreased to 11.3 percent from 11.7 percent, Tianfeng Securities wrote. Table turnover nevertheless improved to 3.9 times per day from 3.8 times, giving investors a measurable operating counterweight.

Analyst views remain divided. MarketScreener lists Nomura's August 27, 2026 target at HKD 17.40, down from HKD 18.40, with a Buy rating, while Jefferies kept Hold and lifted its target to HKD 13.50 from HKD 13.40.

What delivery growth means

The first-half figures suggest that delivery and newer restaurant brands are becoming important growth engines, but the 4.0 percent decline in core restaurant revenue shows why store productivity still matters. The proposed interim dividend was HKD 0.377 per share, while the prior close at Lang & Schwarz was EUR 1.04 on October 5, 2026.

The further course of trading is shown by the continuously updated real-time quote of Haidilao stock.