Haidilao shares fall 9.1% after controlling shareholder sells 4.65% stake

Haidilao International Holding

09/09/2026 11:47

BEIJING, Sept 9 (Reuters) - Shares of Chinese hotpot chain Haidilao International Holding 6862.HK fell 9.14% on Wednesday, closing at 10.34 Hong Kong dollars, representing a 28.2% drop this year.
The company said on Wednesday after the market closed that SP NP Ltd., a member of its controlling shareholder group, sold 259 million shares in a block trade, cutting the group's stake to about 45.49%.
SP NP is wholly owned through the Rose Trust, a discretionary trust established by Shu Ping for the benefit of herself, Zhang Yong and their family.
Zhang Yong, 55, is the founder and CEO of Haidilao, and Shu Ping is his wife.
SP NP sold shares on Tuesday at 10.62 Hong Kong dollars apiece, the company said in the filing to the Hong Kong Exchanges and Clearing. The disposal represented roughly 4.65% of Haidilao's issued share capital.
The sale was made solely to meet SP NP's own funding needs and financial arrangements and was unrelated to Haidilao's operations, financial condition or prospects, the company said in the statement.
The selloff follows a lacklustre interim earnings report released in late August. For the first half of 2026, the company posted a 7.9% year-on-year increase in revenue, while profit attributable to shareholders rose just 0.5% over the same period.

(Reporting by Sophie Yu and Casey Hall; Editing by Andrew Cawthorne)
((Sophie.Yu@thomsonreuters.com; 861056692136;))