Why is Haidilao stock rallying today?

Haidilao stock surged 6.3% to HK$12.13 on Wednesday following the hotpot chain's impressive first-half earnings report. The company's revenue grew by nearly 8% year-over-year, reaching RMB 22.337 billion, while core operating profit rose 4.4% to RMB 2.513 billion. Net profit attributable to shareholders increased to RMB 1.767 billion, with earnings per share at RMB 0.33, surpassing analyst expectations.

This positive news triggered a rush of buying as investors digested the strong figures. Notably, Haidilao's delivery business showed explosive growth of 121% year-over-year, highlighting the company's success in expanding beyond its traditional dine-in model. To further appease income-focused investors, the board announced an interim dividend of HKD 0.377 per share, payable on September 23, 2026.

This dividend provides a tangible return of capital and further boosts confidence in the company's financial stability. The broader market contributed to the rally, with the Hang Seng index rising as much as 1%.