On June 20th, Gelunhui reported that Haidilao (6862.HK) continued to fall, now falling by more than 6%, with a cumulative drop of more than 20% in the past month, and a new low of HKD 15.32, with a total market value of HKD 85.4 billion. In terms of news, Haidilao's high-end bistro Youshijie was temporarily closed in Beijing and is currently undergoing renovation and demolition. Youshijie is the first independent bar in which Haidilao holds a 75% stake, featuring the flavors of Yunnan, Guizhou, and Sichuan, with an average price of around RMB 300 per customer. It operated for only 9 months before closing. In addition, bistro businesses in other cities are also facing challenges. For example, Hangzhou's Bistro Ete Xiajiu and Beijing's Grape Lane have both closed.
港股异动丨海底捞跌超6% 旗下高端bistro囿吉山在北京暂停营业
Hong Kong stocks fluctuations: Haidilao fell more than 6%. Its high-end bistro, Youshijie, has temporarily suspended business in Beijing.
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