According to Zhitong Finance APP, dining stocks generally declined. As of the time of writing, HAIDILAO (06862) dropped 5.12% to 15.56 HKD; SUPER HI (09658) declined 4.04% to 21.4 HKD; JIUMAOJIU (09922) fell 3.18% to 3.35 HKD; XIABUXIABU (00520) decreased 2.94% to 0.99 HKD.

Goldman Sachs Research Reports indicated that same-store sales in the dining industry continued to be weak in November, with fluctuating demand. Regarding policy stimulus, the firm observed that more cities/provinces have launched dining consumption vouchers. However, it believes the impact varies by brand and region, and the companies covered have generally not seen a significant uplift effect. The report noted that HAIDILAO's average turnover rate in November declined slightly year-on-year, but the firm deemed this performance robust considering the higher base compared to October and the volatility in demand. Additionally, JIUMAOJIU's sluggish trend following the National Day holiday continued in November, indicating that the recovery level from October to November was lower than in the third quarter compared to pre-pandemic levels.

In other news, recently HAIDILAO's hot pot brand 'Fei Pai · Zhen Xian Hot Pot' began operations, featuring a rotating self-service hot pot designed for one person with a focus on cost-effectiveness, with the soup base priced at 9.9, vegetable plates at 2 yuan, meat plates at 6 yuan, and seasonings provided for free. Notably, XIABUXIABU, Bahe Li, and Banu, among other major brands, have also nearly simultaneously launched low stock price strategies, and a price reduction trend for hot pots has swept the entire country.