Group 1: Company Leadership Changes - Zhang Yong has returned to the CEO position of Haidilao, effective January 13, 2026, following the resignation of Guo Yiqun as CEO [1] - Zhang Yong previously handed over the CEO role to Yang Lijuan in March 2022, and Guo Yiqun took over in June 2024 [1] - The leadership change comes as Haidilao faces performance challenges, with a 3.0% year-on-year revenue decline to 20.703 billion yuan and a 13.7% drop in net profit to 1.755 billion yuan in the first half of 2025 [1] Group 2: Industry Context - The Chinese restaurant industry is experiencing a slowdown, with revenue growth decelerating, profits declining, and competition intensifying, as reported by the China Cuisine Association [1] - Competitors like Xiaobai Xiaobai reported an 18.88% revenue decline to 1.942 billion yuan and a net loss of 84 million yuan in the same period [1] Group 3: Strategic Initiatives - Zhang Yong's return is linked to the "Pomegranate Plan," a multi-brand incubation strategy launched in August 2024, aimed at creating a second growth curve for Haidilao [2] - As of June 2025, the "Pomegranate Plan" has incubated 14 restaurant brands, generating a 227% year-on-year revenue increase to 600 million yuan from related businesses [2] - The company is at a critical transformation juncture, with Zhang Yong becoming more involved in operational details [2]

1月13日，"今日酒价"显示，该款产品的批发指导价为3880元/瓶。 值得注意的是，陈年贵州茅台酒(15)的市场价格曾出现过阶段性倒挂现象。"今日酒价"显示，当日该款 产品的批发指导价为3880元/瓶。而此前受市场供需变化、行业调整等多重因素影响，该产品曾出现官 方指导价高于市场实际成交价的情况，此次价格回调后形成的套利空间，也吸引了部分投机者的参与。 有业内人士分析，茅台通过i茅台平台直销高端产品，一方面是为了优化渠道结构，让利于消费者；另 一方面也意在通过官方定价引导市场价格回归理性，但短期内稀缺性带来的价差仍难以避免投机行为的 出现。 业内专家指出，陈年茅台产品的热销与价差现象，本质上反映了高端白酒市场供需失衡的现状。随着消 费升级趋势的持续，高端白酒的稀缺性价值进一步凸显，而茅台作为行业龙头，其产品的市场价格波动 始终牵动着行业神经。对于消费者而言，通过官方渠道抢购虽然存在一定机会，但需理性看待价差收 益，避免盲目参与投机炒作；对于收藏者来说，应更关注产品的长期收藏价值与品质稳定性，而非短期 价格波动。 1月13日，海报新闻记者走访线下白酒经销商及多个线上交易平台发现，目前，该款陈年茅台的市场零 售价 ...