HDL News & Events

Stock futures are higher ahead of the open. This follows a difficult month in which the S&P 500 and Nasdaq moved into correction territory and are on track for their weakest performance since 2022.Crude prices are trading in the $110-$115 range and are on pace for one of the largest monthly gains on record, with Brent up roughly 50%-60% in March. The scale of that move reflects sustained concerns about supply routes, particularly through the Strait of Hormuz.Markets that had been pricing rate cuts earlier in the year are now adjusting toward a more restrictive policy path, as higher oil prices complicate the inflation trajectory. This shift continues to weigh on equity valuations, particularly in rate-sensitive sectors. At the same time, market behavior is beginning to show signs of adjustment. Broader conditions remain tight, with a stronger dollar, elevated volatility and continued pressure on growth-oriented assets.In pre-market trading, S&P 500 futures rose 1.2%, Nasdaq futures rose 1.16% and Dow futures rose 1.17%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Apellisup 135% after Biogenagreed to acquire all outstanding shares for $41.00 per share in cash at closing, or approximately $5.6BCentessaup 45% after entering a definitive agreement for Eli Lillyto acquire Centessa for $38.00 in cash per share plus one non-transferrable contingent value rightMarvellup 8% after Nvidiaand the company announced a strategic partnership to connect Marvell to the Nvidia AI factory and AI-RAN ecosystem, including a $2B investment from NvidiaUP AFTER EARNINGS -McCormickup 2% after earnings and ad deal to combine with Unilever'sFoods business excluding India and other excluded businessesFactSetup 2%Lensarup 2%TD Synnexup 1%DOWN AFTER EARNINGS -J.Jilldown 14%T1 Energydown 14%Super Hidown 2%LOWER -Biogendown 3% after the company agreed to acquire Apellis for $5.6B

Reports Q4 revenue $230.0M vs. $208.8M last year. CEO Yang Lijuan commented, "In Q4 of 2025, as we continued to reward employees and customers, Haidilao restaurant achieved a 0.1 times per day improvement for both overall average table turnover rate and overall average same-store table turnover rate compared to the same period last year. Revenue for Haidilao restaurant grew by 6.0% year-over-year, with same-store sales rising by 2.3%. Overall company revenue increased by 10.2% year-over-year...In 2025, we also expanded and optimized our restaurant network, diversified revenue streams, and increased investment in the 'Pomegranate Plan'. These initiatives collectively contributed to Haidilao restaurant revenue growth of 5.7% and other business revenue growth of 61.4%. Looking ahead, we remain committed to our vision of becoming a leading global integrated restaurant group. We will strengthen our diverse customer base overseas and deliver richer dining experiences to customers worldwide, driving sustainable growth across global markets."

Reports Q4 revenue $208.8M vs. $189.2M last year. Same-store sales growth was 4.2%. Yang Lijuan, CEO & Executive Director of Super Hi, commented, "This quarter, we continued to implement our strategy of 'Dual focus on employee empowerment and customer-centric operations' through various management tools, driving workforce productivity to provide customers with a pleasant dining experience. This quarter's revenue increased by 10.4% year-over-year, while our income from operation margin4 improved by 2 percentage points compared to the same period of last year, mainly due to our focus on efficiency improvements, including supply chain optimization, enhanced restaurant management efficiency, and strengthened support and coordination between headquarters and stores. In 2024, Super Hi continued to explore expansion in overseas markets, strengthening service capabilities for diverse customer segments. In 2024, Haidilao restaurants' average overall table turnover rate was 3.8 times per day, an increase of 0.3 times per day from last year; Haidilao restaurant level operating margin improved by 1.1 percentage points year-over-year. Additionally, we launched the 'Pomegranate plan' in 2024. This strategic initiative draws inspiration from the pomegranate, where each seed represents a unique business form that collectively supports and forms our comprehensive catering service group. These efforts collectively drove a 13.4% year-over-year revenue growth for Super Hi in 2024, with the income from operation margin expanding by 0.5 percentage points during the same year. Looking ahead, we remain committed to our strategic vision of becoming a leading global integrated restaurant group. While continuing to expand our Haidilao restaurant network and optimize our store layout, we will intensify support for the 'Pomegranate plan' to further diversify our business offerings and broaden our customer base."