Haidilao will resume business, what is the share price of Haidilao?

Haidilao will resume business, current price drops 1.74%

According to Haidilao's official website, starting from March 12, Haidilao Hotpot's first batch of 85 stores in 15 cities will resume operations and provide dine-in services. However, due to the ongoing epidemic, Haidilao said that it is not yet able to reopen stores in all cities. Haidilao’s dine-in service has been suspended for one and a half months since the announcement of the suspension of stores nationwide on January 26. According to Haidilao’s 2019 semi-annual report, Haidilao has 550 stores in 116 cities across the country. Based on this calculation, the 85 stores that have resumed operations account for approximately 15% of the total number of stores. In addition, during the suspension of business, Haidilao's delivery business was resumed first. As of February 27, more than 63% of Haidilao stores in mainland China have resumed delivery.

Haidilao (33.45, -0.95, -2.76%) (06862) is currently trading at 33.8 yuan, down 1.74% and below the 100-day line (33.665 yuan), with an intraday low of 33.3 yuan; approximately 100,000 shares were traded, involving a capital of 3.31 million yuan, with 81% of the orders being sold actively.

The company announced that relevant stores in mainland China have been temporarily closed. Based on the recent easing of the situation, the first batch of stores in mainland China, excluding Hong Kong, Macao and Taiwan, will resume operations from today. Stores in other mainland regions will resume operations in batches based on the progress of alleviating the epidemic in their locations.

Currently, the Hang Seng Index (24220.82, -1010.79, -4.01%) is at 24548 points, down 682 points or 2.71%. The main board turnover is 7.174 billion yuan. The state-owned enterprise index was 9,761 points, down 308 points or 3.07%.

The Shanghai Composite Index (2918.59, -49.92, -1.68%) closed at 2934 points, down 33 points or 1.13%, with a turnover of 15.683 billion yuan. The Shenzhen Component Index closed at 11,020 points, down 179 points or 1.61%, with a turnover of 26.686 billion yuan.