智通财经APP讯，海底捞(06862)发布公告，自2026年1月13日起：苟轶群先生已辞任公司执行董事及首 席执行官;宋青女士已辞任公司执行董事及提名委员会成员;高洁女士已辞任公司执行董事。李娜娜女 士、朱银花女士、焦德凤女士及朱轩宜女士已分别获委任为公司执行董事;公司董事会主席及执行董事 张勇先生已获委任为首席执行官;及李娜娜女士已获委任为公司提名委员会成员。 ...

格隆汇1月13日丨海底捞(06862.HK)宣布，自2026年1月13日起：(i)苟轶群已辞任公司执行董事及首席执 行官；(ii)宋青已辞任公司执行董事及提名委员会成员；(iii)高洁已辞任公司执行董事；(iv)李娜娜、朱 银花、焦德凤及朱轩宜已分别获委任为公司执行董事；(v)公司董事会主席及执行董事张勇已获委任为 首席执行官；及(vi)李娜娜已获委任为公司提名委员会成员。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 HAIDILAO INTERNATIONAL HOLDING LTD. (1)執行董事及首席執行官變更 及 (2)委任提名委員會成員 海底撈國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事 （「董事」）會（「董事會」）謹此宣佈，自2026年1月13日起： 執行董事及首席執行官變更 執行董事及首席執行官辭任 董事會謹此宣佈，因服務於公司戰略發展的董事會組成及角色調整，自2026年1 月13日起，(i)苟軼群先生已辭任本公司執行董事及首席執行官，(ii)宋青女士已辭 任本公司執行董事及提名委員會成員，及(iii)高潔女士已辭任本公司執行董事（統 稱「辭任董事」）。 1 (i) 苟軼群先生已辭任本公司執行董事及首席執行官； (ii) 宋青女士已辭任本公司執行董事及提名委員會成員； (iii) 高潔女士已辭任本公司執行董事； (iv) 李娜娜女士、朱銀花女士、焦德鳳女士及朱軒宜女士已分別獲委任為 ...

Group 1: Company Listings and Market Performance - Haowei Group officially listed on the Hong Kong Stock Exchange on January 12, becoming the first "A+H" company of the year and the first stock in the image sensor sector in Hong Kong, closing at HKD 121.8 per share, up 16.22%, with a total market capitalization of HKD 152.9 billion [1] - Extreme Thinking has submitted a listing application to the Hong Kong Stock Exchange, with plans to expand its operations in 40 cities across China, operating 112 direct-operated restaurants and bars under the COMMUNE brand, which holds a market share of approximately 7.8% in the sector [4] Group 2: Analyst Ratings and Market Insights - Dongwu Securities maintains a "Buy" rating for Haidilao, recognizing it as the leading hotpot brand in China with a dividend yield of 6%, and noting its efforts to optimize store operations and develop new brand matrices amid industry challenges [2] - JPMorgan views the privatization of Hang Seng Bank as a positive development for HSBC, as it will enhance management's ability to provide guidance on synergies and improve HSBC's CET1 ratio post-transaction [3]

Core Viewpoint - Haidilao has transformed from a hot pot restaurant into a lifestyle brand, attracting customers not just for food but for the experience and community it offers [4][5][29]. Group 1: Business Strategy - Haidilao does not need to compete directly with other hot pot restaurants, as its appeal lies in its unique lifestyle positioning rather than just food offerings [5]. - The company has integrated celebrity and anime IP collaborations into its marketing strategy to attract younger consumers and create additional reasons for customers to visit [9][12]. - The brand's marketing efforts focus on creating a sense of belonging and community among customers, making them feel like part of the Haidilao family [26][30]. Group 2: Customer Engagement - Haidilao's marketing strategy includes detailed attention to the nuances of anime collaborations, ensuring that every aspect resonates with fans and avoids superficial engagement [12][21]. - The company has successfully created events and promotions that cater to specific fandoms, enhancing customer loyalty and engagement [18][23]. - By allowing customers to celebrate personal moments, such as birthdays with their favorite characters, Haidilao fosters a unique emotional connection with its patrons [27][29]. Group 3: Market Positioning - The restaurant industry is highly competitive, but Haidilao's focus on customer happiness and experience sets it apart from traditional dining options [34][35]. - The brand's ability to adapt and innovate in response to consumer preferences has solidified its position as a leader in the hot pot market [30][34]. - Haidilao's cultural significance and ability to create joyful experiences contribute to its long-term sustainability and growth potential [35].

曾引发广泛社会关注的海底捞"小便门"事件迎来新进展。 1月12日，当事人吴某及其父母在《人民法院报》发布致歉声明，正式向涉事餐饮企业公开道歉。此 前，另一名当事人唐某及其父母已于1月8日完成登报道歉，至此，该案两名当事人均已履行法院判决中 的赔礼道歉义务。 3月12日，海底捞火锅微博发布道歉声明，称将涉事门店内的餐具全部销毁换新，对整个门店深度消 毒，并对事发时段到消毒这段时间内用餐的4109单客户全额退还餐费，进行订单付款10倍金额的现金补 偿，并向上海黄浦区法院提起民事诉讼申请，坚决依法追究当事人其相关责任。 上海市黄浦区人民法院就此案作出一审宣判，判决唐某及其父母，吴某及其父母在保护未成年人隐私的 情况下，分别在指定报刊上向四川某餐饮公司、上海某餐饮公司赔礼道歉；唐某父母、吴某父母赔偿上 海某餐饮公司餐具损耗费和清洗消毒费13万元，赔偿四川某餐饮公司、上海某餐饮公司经营损失和商誉 损失200万元及维权开支7万元，共计220万元（唐某、吴某有个人财产的，从本人财产中支付赔偿费 用，不足部分由唐某父母、吴某父母赔偿）。 1月8日，就在海底捞"小便门"事件当事人唐某登报道歉的当天，一幼童将纸尿裤扔进海底捞火锅 ...

Core Viewpoint - The Chinese consumer market is expected to deepen its development along the path of quality improvement and efficiency enhancement by 2026, driven by macroeconomic policies and emerging consumption trends [1][2]. Group 1: Macroeconomic Policies and Consumer Growth - The "old-for-new" policy has been effective in boosting consumer spending, with over 2.6 trillion yuan in sales benefiting more than 360 million consumers in 2025 [2][3]. - In 2026, the focus will shift to more targeted and effective macro policies, optimizing support areas, subsidy standards, and implementation mechanisms [2][3]. Group 2: County Market Dynamics - The county market is emerging as a new growth engine for consumption, with the instant retail sector expected to exceed 1 trillion yuan in 2026 [4][5]. - Major brands are accelerating their expansion into county markets, with notable growth in sectors like hospitality and dining [5]. Group 3: New Consumption Trends - New consumption hotspots are reshaping the market, including seasonal tourism driven by the ice and snow economy, which saw a 57% increase in bookings during the New Year period [6][8]. - Emotional consumption is gaining traction, with activities like rock climbing and cultural experiences driving new consumer ecosystems [7][8]. - The transformation of national cultural experiences is evident, with cities like Xi'an and Nanjing becoming popular travel destinations, integrating traditional culture with modern experiences [8].

智通财经APP获悉，花旗发布研报称，将海底捞(06862)2025年销售预测上调2%，以反映其配送业务增 长，以及2025年下半年新业务贡献高于预期。该行将海底捞的目标价从18.5港元上调至19.7港元;维 持"买入"评级。 花旗预测，海底捞在2025至2027年将维持90%以上的派息率，并将2025至2027年派息率预测分别上调至 90%(先前为30%)，预期2026至2027年海底捞股息率将升至6%至7%。 ...

花旗预测，海底捞在2025至2027年将维持90%以上的派息率，并将2025至2027年派息率预测分别上调至 90%(先前为30%)，预期2026至2027年海底捞股息率将升至6%至7%。 花旗发布研报称，将海底捞(06862)2025年销售预测上调2%，以反映其配送业务增长，以及2025年下半 年新业务贡献高于预期。该行将海底捞的目标价从18.5港元上调至19.7港元;维持"买入"评级。 ...

行业趋势：优胜劣汰正发生，头部品牌强者更强 浙商证券认为，本轮自2023年初以来的餐饮行业复苏，其幅度由需求决定，节奏由供给决定。细分赛道 来看，基于供给变动节奏差异，茶饮细分领域的节奏领先西式快餐及正餐等细分领域约1至2个季度，头 部茶饮品牌已于25Q1逐步回暖，预计头部西式快餐/头部正餐分别已于25Q2/25Q3实现同店持平或回 正。 净开店维度，整体餐饮赛道格局改善已然开启。根据窄门餐眼数据，截止25年11月整体餐饮赛道同比呈 现净关店；同比视角下，细分赛道中仅咖啡/自助餐/轻食/江西菜/云南菜等细分赛道呈现同比净开店； 细分品牌来看，截止25年11月茶饮赛道中蜜雪冰城/古茗等、咖啡赛道中幸运咖/瑞幸等、西式快餐赛道 中肯德基/必胜客/达美乐等、火锅赛道中海底捞/巴奴等，均呈现优于同业的净开店速度，彰显品牌韧 性。 浙商证券认为，25Q2-25Q3虽有外卖平台大战扰动，延后部分赛道供给出清节奏，然而殊途同归，伴随 外卖补贴退坡，餐饮供给端的优胜劣汰正发生，格局改善已然开启。 单店维度，25H2起绝大多数头部品牌预计将实现同店持平或回正。客流量方面，伴随同比基数正常 化，25H2预计绝大多数头部品牌将实现 ...