里昂：升海底捞目标价至16港元 营运效率有望提升

Core Viewpoint - The report from Credit Lyonnais indicates that Haidilao, China's largest hot pot chain, achieved net profit in the first half of the year that met market expectations, with an increase in average customer spending and better-than-expected table turnover rates in lower-tier cities being key highlights [1] Summary by Categories Financial Performance - Haidilao's net profit for the first half of the year aligns with market expectations [1] - The average customer spending has seen a slight increase [1] Operational Efficiency - The company is expected to enhance operational efficiency through employee scheduling optimization and a shift towards a franchising model [1] Future Projections - Credit Lyonnais maintains its net profit forecasts for Haidilao for 2026 and 2027 [1] - The target price for Haidilao has been slightly raised from 15 HKD to 16 HKD, while maintaining an "outperform" rating [1] Dividend Policy - The company's dividend payout ratio remains at 95% [1]