Summary by Futu AI
Haidilao International Holdings Limited (Haidilao) announced its 2024 interim performance, with revenue reaching RMB 21,490,903 thousand during the period, an increase of 13.8% compared to the same period last year. Pre-tax profit was RMB 2,888,060 thousand, a slight 2.6% increase from the same period last year. Net profit for the period was RMB 2,033,103 thousand, a 10.0% decrease from the same period last year, mainly affected by changes in net exchange gains or losses and the impact of the cancellation of the mainland China value-added tax additional deduction policy. The company declared an interim dividend of HKD 0.391 per share (equivalent to RMB 0.358). Haidilao continued to expand during the reporting period, opening 11 new restaurants and closing 43 underperforming ones. As of June 30, 2024, the company operates a total of 1,343 Haidilao restaurants. In addition, the company announced personnel changes after the reporting period, with Mr. Guo Yiqun succeeding Ms. Yang Lijuan as Executive Director and Chief Executive Officer.
