According to the Futu News app, Lyon has released a research report stating that it maintains a "outperform" rating for Haidilao (06862), and has lowered the target price from HK$14.6 to HK$14.3. Haidilao acknowledges the need to reduce the employee expense ratio to improve restaurant profitability.

The company has once again confirmed its goal of opening new restaurants and plans to open 40 to 50 Haidilao restaurants in the second half of the year, with 4 to 10 of them being franchised. The bank pointed out that the development of the new barbecue brand "Yanqing Barbecue Shop" is the new CEO's main measure. Lyon stated that due to the higher-than-expected employee expense ratio, the net profit forecast for Haidilao for 2024 to 2026 is lowered by 3% to 5%, and the EBITDA forecast is lowered by 2% to 11%.