Group 1 - The core point of the news is the significant management restructuring at Haidilao, with founder Zhang Yong returning as CEO after four years, signaling a strategic shift and brand transformation [1][3] - The board adjustments include the appointment of four young executives, Li Nana, Zhu Yinhua, Jiao Defeng, and Zhu Xuanyi, who have extensive experience within the company, indicating a focus on nurturing a new generation of management [3][4] - Zhang Yong's return is seen as a move to enhance strategic focus and decision-making efficiency amid increasing competition and market fragmentation, marking a transition from an exploratory phase to a deeper strategic development phase [4][5] Group 2 - The "Pomegranate Plan," initiated in August 2024, aims to incubate new restaurant brands internally and has already led to the creation of 14 new brands, with 126 stores generating revenue of 597 million yuan, a 227% year-on-year increase [4][5] - The restructuring is expected to align strategic leadership with resource allocation, enhancing the execution of innovative plans and supporting long-term growth objectives for the company [5]

1月13日，海底捞发布执行董事及首席执行官变更及委任提名委员会成员的公告。当中披露，因服务于公司战略发展 的董事会组成及角色调整，自2026年1月13日起，苟轶群辞任公司执行董事及首席执行官，宋青辞任公司执行董事及 提名委员会成员，高洁辞任公司执行董事。相关人员辞任后，将继续在集团担任重要管理职能。 其中，苟轶群辞任首席执行官职务后，将在集团统筹推动管理流程的智能化与自动化规划，推动运营模式升级和智能 中台建设，提升组织管理效率与决策效能；宋青将继续担任集团产品委员会主任一职。 （企业公告） 公告同时显示，基于对本公司管理层安排的整体调整及综合考量，董事会主席兼执行董事张勇亦已获委任为本公司首 席执行官，自 2026 年1月13日起生效。同时，李娜娜获委任为公司提名委员会成员，自 2026 年1月13日起生效。 从新任四位董事的履历来看，四位新董事均长期在海底捞体系内成长，分别来自区域运营管理、产品与供应链管理及 集团战略支持等不同岗位，具有较为完整的一线经营与管理经验，在门店运营、区域管理及产品创新等具体业务中深 耕多年。 随着新董事加入，海底捞董事会成员结构在性别构成与年龄层次上呈现出更为多元化的特征。董 ...

Core Viewpoint - The return of founder Zhang Yong as CEO of Haidilao is seen as a strategic move to navigate the company out of its current transformation challenges, following a series of leadership changes and operational adjustments over the past few years [1][12]. Leadership Changes - Haidilao has experienced frequent leadership changes, with Zhang Yong returning after four years, marking the third CEO change in recent years, indicating a need for alignment with the company's evolving strategic requirements [2][12]. - The previous CEOs, including Yang Lijuan and Gou Yiqun, were all part of the founding team, reflecting a strong internal leadership pipeline [2][3]. Operational Challenges and Strategies - The company faced significant operational challenges, including a historic loss of 4.16 billion RMB in 2021 due to aggressive expansion, leading to the implementation of the "Woodpecker Plan" to close underperforming stores [3][4]. - Yang Lijuan's leadership saw the closure of 276 restaurants in 2021, with subsequent years showing a reduction in closures, indicating effective strategic adjustments [3][4]. Financial Performance - In 2023, Haidilao achieved record revenues of 41.453 billion RMB and a net profit of 4.495 billion RMB, with significant growth compared to 2019 [4]. - Despite growth in key metrics, the average customer spending in 2023 declined from 103.2 RMB to 97.3 RMB, reflecting broader consumer spending trends [4][13]. New Strategic Initiatives - The "Pomegranate Plan" was initiated to diversify the business model and mitigate risks associated with the main brand's performance, with a focus on developing new restaurant brands [8][12]. - By the end of 2024, Haidilao had established 11 new restaurant brands, contributing 4.83 million RMB in revenue, although this still represented a small portion of overall revenue [12][13]. Market Response - Following the announcement of Zhang Yong's return, Haidilao's stock price surged over 10%, indicating positive market sentiment towards the leadership change [15].

海底捞创始人张勇于2026年初重新担任公司首席执行官，这一人事变动发生在其交棒约四年之后，且正值海底捞业绩承压之际。财报显示，2025年上半年， 海底捞营收与净利润分别同比下降3.7%和13.7%，利润下滑主要归因于翻台率的降低，加之在产品与场景等创新模式上的探索尚处投入与磨合阶段。尽管海 底捞推出了孵化多品牌的"红石榴计划"寻求第二增长曲线，但短期成效尚未能扭转大局。张勇此次回归，被外界视为一次"救火队长"式的临危受命。然而， 纵观商业史，创始人重新出山执掌公司的故事屡见不鲜，其结果却成败参半，这些先例可以为我们观察海底捞的未来提供参照。 | | | 2025 | | --- | --- | --- | | | | 2025年 | | Revenue | 收入 | 20,703,294 | | Profit before tax | 除税前溢利 | 2,626,953 | | Profit for the period | 期内溢利 | 1,754,576 | | Profit attributable to: | 以下人士應佔溢利: | | | - Owners of the Company | 一本公司 ...

Core Viewpoint - The return of founder Zhang Yong as CEO of Haidilao signifies a strategic shift aimed at addressing industry challenges and accelerating diversification efforts [1][3]. Management Changes - Zhang Yong resumes the role of CEO, replacing Gou Yiqun, who had been in the position since June 2024. Other executives, including Song Qing and Gao Jie, have also resigned [1]. - Four internal senior managers, Li Nana, Zhu Yinhua, Jiao Defeng, and Zhu Xuanyi, have been appointed as executive directors, reflecting Haidilao's commitment to internal talent development and organizational youthfulness [3]. Strategic Initiatives - Haidilao is entering a "second entrepreneurial" phase, launching the "Pomegranate Plan" to incubate new restaurant brands beyond traditional hot pot offerings. By June 30, 2025, the company has successfully incubated 14 new brands, generating 600 million yuan in revenue, a 227% year-on-year increase [3][4]. - The company is also exploring new dining experiences, such as the first national store of Haidilao Dapaidang hot pot in Guangzhou, which aims to provide a market-style self-selection experience [3]. Financial Performance - In the first half of 2025, Haidilao reported revenues of 20.703 billion yuan, a 3.0% decline year-on-year, and a net profit of 1.755 billion yuan, down 13.7% [4]. - The overall restaurant industry is experiencing slowed revenue growth and profit declines, with competitors like Xiaobai and Xibei also facing similar challenges [4]. Market Reaction and Future Outlook - Zhang Yong's return is viewed positively by industry insiders, who believe it will enhance decision-making efficiency and resource allocation, particularly in executing the "Pomegranate Plan" [5]. - Analysts caution that the real test will be whether the new brands can achieve scalable success and establish a competitive edge in the crowded restaurant market [5].

Flash | 13 Jan 2026 10:54:08 ET │ 10 pages Haidilao International Holding Ltd (6862.HK) Positive on the founder's return as new CEO; Top Buy in China Consumer Sector CITI'S TAKE After market close today (Jan 13), Haidilao (HDL) announced the high- profile return of its founder and Chairman (Mr. ZHANG Yong) as its new CEO effective from Jan 13. In China Consumer space, we see the founder's return to CEO posts a strong signal of enhanced execution and a leading indicator of growth re-acceleration (like the ca ...

Core Viewpoint - The founder of Haidilao, Zhang Yong, has resumed the role of CEO after nearly four years, indicating a strategic shift in the company's management and direction [1][3]. Management Changes - On January 13, Haidilao announced the resignation of Guo Yiqun as CEO and the appointment of Zhang Yong as the new CEO, reflecting adjustments in the board's composition and roles to align with the company's strategic development [1][3]. - Zhang Yong had previously stepped down as CEO in March 2022, with a planned retirement timeline of 10-15 years, but his departure occurred earlier than expected amid significant operational adjustments [3][4]. - During Zhang Yong's absence, Yang Lijuan served as CEO for 28 months, successfully turning the company from a loss to profitability, with significant revenue and net profit growth in 2023 [4]. Financial Performance - Under Guo Yiqun's leadership, Haidilao experienced a slowdown in growth, with a reported revenue decline of 3.66% to 20.7 billion yuan and a net profit drop of 13.72% to 1.759 billion yuan for the first half of 2025 [4]. - The number of stores also decreased by 5 to 1,363 compared to the end of 2024, indicating challenges in maintaining operational expansion [4]. Strategic Initiatives - Zhang Yong's return is linked to the "Red Pomegranate Plan," aimed at fostering new restaurant brands and driving innovation in the food service sector [5][6]. - As of June 2025, Haidilao operates 14 restaurant brands with a total of 126 locations, including new concepts like "Yanjing Barbecue" and "Miao Shixiong Iron Pot Stew" [6]. - The company is focusing on enhancing its secondary brands as the main brand faces growth limitations [6]. Board Composition - The board has undergone significant changes, with the resignation of several members and the appointment of four new female executive directors aged between 35 and 44, bringing fresh perspectives and experiences from various operational roles [8]. - The new board members are expected to enhance the company's governance and operational efficiency, aligning with the strategic direction for future growth [8].

Core Viewpoint - Haidilao has announced significant personnel changes, including the resignation of CEO Guo Yiqun and the appointment of Zhang Yong as the new CEO, effective January 13, 2026, which is expected to enhance the company's operational efficiency and governance [1][2][3] Group 1: Leadership Changes - Guo Yiqun will transition from CEO to a role focused on management process automation and innovation within the company [2] - Zhang Yong, a co-founder of Haidilao with over 30 years of restaurant management experience, will resume the CEO position after previously serving from January 2018 to March 2022 [2] - Four new female executive directors have been appointed, aged between 35 and 44, to support the company's innovation and long-term development [2][3] Group 2: Strategic Initiatives - The board believes that the new appointments will bring fresh perspectives and enhance board efficiency, aligning with the company's strategic direction [3] - Zhang Yong's return as CEO is linked to the "Pomegranate Plan," a multi-brand incubation strategy launched in August 2024 [3][5] Group 3: Financial Performance - Since the launch of the "Pomegranate Plan," Haidilao has successfully incubated 14 restaurant brands, with "other restaurant income" reaching 597 million yuan, a year-on-year increase of 227% [5] - Haidilao's revenue from 2020 to 2024 showed fluctuations, with figures of 28.614 billion yuan, 41.112 billion yuan, 31.039 billion yuan, 41.453 billion yuan, and 42.755 billion yuan, reflecting growth rates of 7.75%, 43.68%, -24.50%, 33.55%, and 3.14% respectively [5]

Group 1 - The Hang Seng Index rose by 0.92%, gaining 245 points to reach 27,094 points, while the Hang Seng Tech Index increased by 1.54% [1] - Zhipu Technology (02513) surged over 16% after launching the first domestic chip training multimodal SOTA model in collaboration with Huawei [1] - Alibaba (09988) saw a rise of over 5% as it announced a significant increase in capital expenditure for Alibaba Cloud, with expectations of resilient profitability [1] - Alibaba Health (00241) increased by over 15% after the exclusive launch of Beimei Jing® and receiving the first overseas drug price certification [1] - Yidu Tech (02158) rose over 9% after winning first place in a smart healthcare innovation competition, showcasing its strong AI capabilities [1] - Tongdao Recruitment (06100) jumped over 10% due to market reassessment of its AI strategy and solid financials [1] - Baiaosaitu-B (02315) increased by over 6% after localizing its AI-driven antibody drug development platform [1] - Maifushi (02556) rose over 8%, with its stock price nearly doubling in three weeks after launching the GEO intelligent assistant [1] - MicroPort Scientific-B (02252) increased by over 8%, as the surgical robot industry is expected to enter a commercialization and policy acceleration phase [1] Group 2 - Hua Hong Semiconductor (01347) rose over 5% as Goldman Sachs noted that high capacity utilization supports product mix optimization and price increases [2] - Restaurant stocks led the gains, with expectations that most leading restaurant brands will see a recovery in customer traffic, leading to more rational competition [2] - Haidilao (06862) increased by 7%, while Jiumaojiu (09922) rose by over 5% [2] - Qiutai Technology (01478) surged by 13% after announcing a profit warning, projecting a 400% to 450% year-on-year increase in comprehensive profit for 2025 [2]

Group 1 - The stock of Tongdao Liepin (06100) rose by 10.17%, reflecting market recognition of its "AI recruitment strategy" and "financial stability" [1] - The restaurant sector saw significant gains, with Haidilao (06862) up 7.7%, Jiumaojiu (09922) up 5.38%, and Helens (09869) up 6.67%, driven by demand recovery since early 2023 [1] - Voice Technology (02495) surged over 10% after announcing a share issuance of 6.73 million shares at HKD 46.3 each, with approximately 50% of the proceeds allocated for R&D [1] Group 2 - Alibaba-W (09988) increased by nearly 5%, following announcements at the 2025 Cloud Summit regarding changes to hardware infrastructure in response to new market demands [1] - Hua Hong Semiconductor (01347) rose over 5.3% after announcing a plan to acquire approximately 97.5% of Huali Micro for CNY 8.268 billion [2] - Jiufang Zhitu Holdings (09636) saw an increase of nearly 8%, attributed to active market trading with a daily turnover reaching CNY 3.6 trillion [2] Group 3 - Jingtai Holdings (02228) rose over 5.5%, with a month-to-date increase of nearly 50%, following the successful dual approval of its incubated company ReviR's innovative drug RTX-117 [2] - Xun Ce (03317) briefly rose over 6%, reaching a new high of HKD 68, due to a strategic cooperation framework agreement with Jinyong Investment [2] - Alibaba Health (00241) surged over 14.2%, with a month-to-date increase exceeding 30%, following the announcement of a milestone solution in the infant vascular tumor treatment field [3] Group 4 - Bitcoin rose over 2.5%, reaching USD 93,500, with Bitcoin-related stocks also increasing, including MSTR up 6.63% and COIN up 4% [4] - GCDT, a green decarbonization technology company, saw its stock price surge 25% after its IPO, which aims to raise approximately USD 10 million for factory construction and debt repayment [4] - Lithium giant Albemarle (ALB.US) rose 4.46%, with analysts noting a reduction in concerns over its balance sheet as it achieves leverage optimization [4] Group 5 - Gold concept stocks showed mixed performance, with AngloGold Ashanti (AU.US) up 1.11% and Barrick Mining (B.US) up 1.39%, while some others declined [5] - Google (GOOGL.US) increased by 1.24% following a significant partnership with Apple to advance AI technology, with Google's Gemini model becoming a core support for future Apple devices [5] - Payment concept stocks continued to decline, with major banks also falling, amid concerns over potential impacts from proposed credit card interest rate caps [6] Group 6 - Intel (INTC.US) and AMD (AMD.US) saw initial gains of 7.33% and 6.39%, respectively, after KeyBanc Capital Markets upgraded their ratings to "overweight" [6] - Rezolve AI (RZLV.US) fell 9.23% despite raising its long-term revenue forecast, indicating significant commercialization progress [7] - Satellogic (SATL.US) declined 1.11% after a previous surge, following the announcement of a contract for two high-resolution satellites [7]