Glonghui, May 14 | Tehai International (9658.HK) rose again. At one point, it rose more than 8% to HK$18.08 during the intraday period, surging for the second day in a row. The stock price hit a new high since April 2023. Te Hai International announced last night that revenue for the first quarter was US$188 million, up 16.6% year on year, mainly due to an increase in revenue from the Haidilao restaurant business; it recorded a net loss of US$4.55 million, with net profit of US$5.56 million for the same period last year, mainly due to net exchange losses of US$13 million during the period. It is also worth noting that Haidilao disclosed an announcement in the US Securities and Exchange Commission (SEC) that Haidilao's overseas business Special Sea International will issue 2,692,700 American Depositary Shares (ADS). It is expected that the shares will be traded on the NASDAQ stock market under the code “HDL.” After the issuance is completed, assuming that the underwriter does not exercise the option to purchase additional American Depositary Shares, the entities controlled by Zhang Yong will own a total of 45.66% of the company's issued shares.