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Haidilao (06862) announced interim results. Core operating profit of 2,513 billion yuan increased 4.38% year over year
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According to the Zhitong Finance App, Haidilao (06862) announced interim results for the six months ended June 30, 2026. The group obtained revenue of RMB 22.337 billion (same unit figure), up 7.89% year on year; profit attributable to the company's owners was RMB 1,767 billion, up 0.47% year on year; core operating profit of RMB 2,513 billion, up 4.38% year on year; basic profit per share was $0.33, and an interim dividend of HK$0.377 per share was to be distributed.

As of June 30, 2026, the Group operated a number of catering brands. In terms of hot pot, the Haidilao brand operates a total of 1,389 restaurants, including 1,267 self-operated restaurants in mainland China, 23 self-operated restaurants in Hong Kong, Macao and Taiwan, and 99 franchised restaurants. We continued to optimize the Haidilao store network. During the reporting period, 24 new self-operated restaurants, 14 new franchised restaurants were opened, and 6 self-operated restaurants were added. In the first half of the year, 32 restaurants were closed due to aging and relocation of facilities, poor business performance, or other commercial reasons. In addition, the Group also operates 21 other catering brands, for a total of 183 restaurants. In terms of restaurant performance, the self-operated Haidilao restaurant had a turnover rate of 3.9 times per day, compared to 3.8 times per day in the same period in 2025.

Takeout was the Group's fastest-growing business segment during the reporting period. Takeout business revenue in the first half of the year was 2,051 billion yuan, up 121.2% year on year, accounting for 9.2% of the Group's revenue from 4.5% in the same period last year. The growth mainly comes from two aspects: first, the expansion of the category structure, with sales of one-person food products represented by bibimbap increasing year-on-year, expanding takeout from an extended scenario of hot pot to an independent category covering everyday meals, and the new product line has also entered the polishing and market testing stage; second, the encryption of takeout sites. The Group continues to promote the self-built takeout site model, improving coverage density and contract fulfillment efficiency, and reducing the crowding out of store-back kitchen production capacity to provide stable support for continued order growth.

The results of the screening have already been revealed during the reporting period. The high-stall hotpot and sushi business formats have formed a relatively mature single-store model and a certain level of market popularity, and have now entered the stage of large-scale replication. Previously, the startup teams each explored the differences. The subsequent expansion and operation of these two business formats was carried out uniformly by the headquarters office to guarantee the quality of replication with group capabilities. During the reporting period, revenue from other restaurants was 1,271 billion yuan, up 113.1% year on year, accounting for 5.7% of the Group's revenue.

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