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An update from Haidilao International Holding ( (HK:6862) ) is now available.
Haidilao International Holding Ltd. reported its annual results for 2024, showing a 3.1% increase in total revenue to RMB42,754.7 million and an 18.7% rise in core operating profit. The company expanded its restaurant count to 1,368, including 13 franchised locations, and improved its average table turnover rate. Despite closing or relocating some restaurants, Haidilao launched 62 new outlets and resumed operations at two previously suspended locations. The company’s strategic initiatives, such as the ‘Pomegranate plan,’ aim to diversify and sustain long-term growth amidst increasing competition in the catering market.
More about Haidilao International Holding
Haidilao International Holding Ltd. is a company incorporated in the Cayman Islands, operating primarily in the catering industry with a focus on hot pot restaurants. The company runs a mix of self-operated and franchised restaurants, primarily located in mainland China and regions such as Hong Kong, Macau, and Taiwan.
YTD Price Performance: 31.82%
Average Trading Volume: 5,127
Technical Sentiment Signal: Sell
Current Market Cap: $12.36B
See more insights into 6862 stock on TipRanks’ Stock Analysis page.