海底捞（06862）：短期业绩承压，“红石榴计划”效果逐渐显现

研究报告 Research Report 27 Aug 2025 海底捞 Haidilao International Holding (6862 HK) 短期业绩承压，"红石榴计划"效果逐渐显现 Review Report: Performance Under Pressure in the Short Term, "Red Pomegranate Plan" Gradually Taking Effect [Table_yemei1] 观点聚焦 Investment Focus [Table_Info] 维持优于大市 Maintain OUTPERFORM 评级 优于大市 OUTPERFORM 现价 HK$14.47 目标价 HK$18.22 HTI ESG 4.6-4.8-4.5 E-S-G: 0-5, (Please refer to the Appendix for ESG comments) 市值 HK$80.66bn / US$10.33bn 日交易额 (3 个月均值) US$42.60mn 发行股票数目 5,574mn 自由流通股 (%) 28% 1 年股价最高最低值 HK$19.30-HK$ ...