According to a report published by Citigroup, according to Haidilao's communication with investors, the turnover rate in September remained flat year on year, an improvement from the single-digit year-on-year decline in August. Furthermore, the turnover rate of the 2026 7-day National Day Golden Week increased slightly compared to the 2025 8-day Golden Week, showing initial signs of business stabilization. The bank believes that since the controlling shareholder reduced their holdings on September 8 and the August turnover rate fell short of expectations, investors' sentiment on the stock has clearly weakened. Due to relatively low market expectations, if operations from October to November show further signs of stabilization, the stock price should be favorable. The bank maintained its “buy” rating, with a target price of HK$19.3.

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