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BUZZ-China's Haidilao falls to more than 10-week low on FY profit, dividend dip

Reuters
10 hours ago
BUZZ-China's <a href="https://laohu8.com/S/06862">Haidilao</a> falls to more than 10-week low on FY profit, dividend dip

** Haidilao International 6862.HK slips 10.5% to HK$14.31, lowest since January 12

** Stock set for biggest one-day pct decline since April 7, 2025

** Chinese hot-pot restaurant chain operator's 2025 net profit falls 14% y/y, revenue drops 1.1% y/y

** Co announces final dividend of HK$0.384/share vs year-ago HK$0.507

** Citi ("buy") says 14% y/y decline in 2025 net profit largely in line with forecast; net y/y profit decline narrows to 7% in H2 from 14% in H1

** YTD, stock up 1.2%

($1 = 6.8914 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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