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Real-time News
On March 30th, Nomura issued a research report maintaining a "Buy" rating on Haidilao (06862.HK) and raising its target price from HK$17.3 to HK$18.4. The report stated that the companys full-year revenue increased only slightly by 1.1% year-on-year to RMB 43.23 billion, largely in line with market expectations. However, core operating profit fell by 13% year-on-year, mainly due to a decrease in table turnover rate to 3.9 times, a 2.6 percentage point drop in gross profit margin to 37.9%, and increased business development expenses. The report believes that despite last years disappointing performance, the company still has several growth catalysts in 2026.On March 30, the State Administration for Market Regulation issued a notice on further implementing the "Anti-Unfair Competition Law of the Peoples Republic of China." The notice proposes exploring extraterritorial enforcement of anti-unfair competition laws. It calls for exploring and promoting the extraterritorial application of my countrys anti-unfair competition laws and regulations, resolutely cracking down on unfair competition practices such as false advertising, online unfair competition, commercial defamation, and infringement of trade secrets committed overseas that disrupt domestic market competition order and harm the legitimate rights and interests of domestic businesses or consumers, thereby safeguarding the security of my countrys industrial and supply chains and protecting the interests of my country and its enterprises. The notice also encourages actively exploring extraterritorial enforcement practices, accelerating the development of a specialized team of personnel for foreign-related law enforcement, and supporting qualified localities to conduct pilot programs.On March 30th, the State Administration for Market Regulation issued a notice on further implementing the "Anti-Unfair Competition Law of the Peoples Republic of China." The notice proposes establishing a multi-dimensional collaborative mechanism to address the issue of large enterprises and other operators defaulting on payments to small and medium-sized enterprises (SMEs). It emphasizes the need to comprehensively assess whether large enterprises and other operators hold a dominant position by considering factors such as the trading parties industry standing, trading habits, and impact on SMEs and the overall market order. Accurate identification of illegal behavior requires that the perpetrator be a large enterprise or other operator, that the behavior demonstrates a specific abuse of its dominant position, and that SMEs be forced to accept clearly unreasonable trading conditions, resulting in defaulted payments.On March 30th, the State Administration for Market Regulation issued a notice on further implementing the "Anti-Unfair Competition Law of the Peoples Republic of China." The notice emphasizes curbing typical unfair competition practices. Adapting to the requirements of high-quality development and the development of new productive forces, it calls for continued efforts to combat common and prevalent unfair competition practices such as counterfeiting, false advertising, infringement of trade secrets, and unfair sales promotions, thereby promoting a fair and competitive market environment. The notice also emphasizes correctly understanding the constituent elements of unauthorized use of others product names as search keywords, fraudulent transactions, and false reviews, and reasonably defining the legal responsibilities of those who aid and abet confusion and sellers of illegal goods, avoiding both overgeneralization of protection and condoning illegal activities.Irans deputy energy minister said that power has been restored to normal in Tehran and Alborz province.
