HK Stock Market Move | HAIDILAO (06862) rose by over 6% in early trading, with relatively stable profitability. Pomegranate Red plans to break through the growth ceiling for a second time.

Haidilao (06862) rose more than 6% in early trading, up 6.04% to HK$14.75 as of the time of this report, with a trading volume of HK$2.05 billion. On the news front, Haidilao recently released its 2025 performance, showing steady growth with revenue reaching 43.225 billion yuan, a year-on-year increase of 1.1%. Profitability remains relatively stable, with core operating profit and net profit attributable to shareholders reaching 5.103 billion yuan and 4.05 billion yuan, with profit margins of 11.81% and 9.37% respectively. The year-end dividend is HK$0.384 per share, with a full year dividend of HK$0.722 per share, yielding a dividend rate as high as 5.08%. Zheshang points out that, with economic recovery and rising consumer demand, the main brand is expected to return to a period of high-quality rapid store expansion. In addition, the company has launched the Pomegranate Plan to encourage the development of more new catering brands through its incubation machine, which on one hand can form synergies with its multi-store model and boost the initiative of excellent store managers, and on the other hand, continue to open up the company's second growth ceiling.