Haidilao International Holding ( (HDALF) ) has released its Q4 earnings. Here is a breakdown of the information Haidilao International Holding presented to its investors.
Haidilao International Holding Ltd. is a prominent player in the restaurant industry, primarily known for its hot pot dining experience, operating a mix of self-operated and franchised restaurants across China and other regions.
In its latest earnings report for 2024, Haidilao reported a steady increase in revenue and profit, reflecting a year-on-year growth of 3.1% in revenue and a 4.6% rise in profit. The company also launched new restaurants and expanded its franchise model, contributing to its overall growth.
Key financial highlights include a revenue of RMB42,754.7 million and a profit before tax of RMB6,624.1 million. The company’s core operating profit saw a significant increase of 18.7%, reaching RMB6,229.9 million. Haidilao also introduced the ‘Pomegranate plan’ to diversify its brand offerings, which contributed to a 39.6% increase in revenue from other restaurant operations.
Looking ahead, Haidilao plans to continue enhancing its dining experience, exploring diversified business strategies, and expanding its franchise network. The management remains focused on sustainable growth and adapting to market changes to maintain its competitive edge.
The company’s strategic initiatives and financial performance indicate a positive outlook, with continued efforts to innovate and expand its market presence.