Haidilao (06862.HK) announced recently that Yang Lijuan resigned from her position as executive director and CEO of the company from July 1 and will move to sister company Teahai International (09658.HK) as executive director and CEO. Vice President Guo Yiqun will take over as executive director and CEO of Haidilao. Haidilao explained that as the company enters the next stage of development, it will refine its basic business operations while promoting entrepreneurship, innovation, and digital development. Therefore, there is this job transfer, and it is expected that Yang Lijuan can help Teahai International strengthen its overseas market expansion in the future.

Zhong Yin International's research report pointed out that the job transfer this time is expected to have a non-negative impact on Haidilao, as the company's operating conditions are continuing to improve and the potential for opening new stores is still increasing. It is believed to be good news for Teahai International. The bank believes that Haidilao's management team's competitiveness will not be greatly affected, looking forward to the new CEO Guo Yiqun's strong management ability. He has served as CFO, IT department head, supply chain and procurement head and other positions, and was also one of the first employees when the company was founded.

Zhong Yin International currently maintains a "buy" rating on Haidilao with a target price of 21.52 yuan, corresponding to a forecast PE ratio of about 20 times for the 2024 fiscal year.