HAIDILAO's stock price plummeted 5.19% during early trading on Wednesday, following the release of the company's full-year financial results which revealed several concerning performance metrics.

The decline comes after HAIDILAO reported modest revenue growth of just 1.1% for 2025, with system-wide sales for its main restaurant brand actually declining by 3.7%. Key operational indicators showed deterioration, including a drop in table turnover rate from 4.1 to 3.9 times per day and a 6.7% decrease in same-store sales, indicating continued pressure on single-store efficiency.

Despite the company's efforts to implement its "Different HAIDILAO" strategy and expand into diversified businesses, core operating profit decreased by 13.3% year-on-year to RMB 5.403 billion. The financial results highlight the challenges facing the restaurant chain in a competitive market, even as it shifts focus toward subsidiary brands and platform-based expansion.