Haidilao Group is a Chinese hot pot restaurant chain and Chinese cuisine restaurant company.
Haidilao, founded in April, 2001 and headquartered in Jianyang, is a hot pot restaurant. Zhang Yong is the founder. Listed on the HKEX on September 26, 2018, the company's major shareholders include Jianyang Jingyuan Investment Co., Ltd. and Zhang Yong and Shi Yonghong. Rivals that have direct and indirect competition with Haidilao include Xibei, Jiumaojiu, McDonald's and KFC.
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Due to the pandemic, Haidilao, a Chinese hotpot restaurant chain, lost CNY 965 million in the first half of 2020. Although the overall net profit has declined, Haidilao's full-year net profit has actually increased in the second half of the year. The average table turnover rate in the second half of 2020 has also rebounded to more than 75% of the same period in 2019.
Mar 24, 2021 09:24 AM
Haidilao Reports 90% Decline in Net Profit, Even after Share Price Went Up 133% in 2020
On March 1, 2021, Chinese Hotpot Restaurant chain Haidilao International Holdings Co., Ltd. announced that its net profit is expected to register a drop of 90% on the Hong Kong Stock Exchange for 2020.
Mar 02, 2021 12:48 PM
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