Haidilao International (6862) investor relations material

Executive summary

• Revenue for H1 2026 rose 7.9% year-over-year to RMB22,336.9 million, with core operating profit up 4.4% to RMB2,513.5 million and net profit up 0.5% to RMB1,764.0 million.

• Delivery and other restaurant operations saw triple-digit growth, offsetting a 4.0% decline in core Haidilao restaurant revenue due to fewer self-operated outlets.

• Strategic focus included middle office management upgrades, brand rejuvenation, digitalization, and expansion of delivery and innovative restaurant formats.

• Interim dividend of HKD0.377 per share declared, payable in September 2026.

Financial highlights

• Revenue: RMB22,336.9 million (+7.9% YoY); core operating profit: RMB2,513.5 million (+4.4% YoY); net profit: RMB1,764.0 million (+0.5% YoY).

• Delivery business revenue surged 121.2% YoY to RMB2,051.4 million (9.2% of total revenue).

• Other restaurant operations revenue grew 113.1% YoY to RMB1,271.4 million (5.7% of total revenue).

• Haidilao restaurant operation revenue fell 4.0% YoY to RMB17,836.7 million (79.9% of total revenue).

• Basic EPS: RMB0.33 (vs. RMB0.32 in H1 2025).

Outlook and guidance

• 2027 will focus on parallel rejuvenation of existing operations and incremental expansion, with accelerated new restaurant openings and scaling of successful new formats.

• Continued investment in middle office management, digitalization, and prudent franchise expansion; strategic asset acquisitions under consideration.

• Food stall hot pot and sushi formats prioritized for large-scale replication and revenue growth.

• Continued expansion of delivery and diversified channels to consolidate growth.