HAIDILAO (06862) released its interim results, with core operating profit of 2.513 billion yuan, an increase of 4.38% year-on-year.

HAIDILAO (06862) announced its interim results for the six months ending June 30, 2026, with the group achieving revenue of RMB 22.337 billion, an increase of 7.89% compared to the same period last year; the profit attributable to the owners of the company was RMB 1.767 billion, up 0.47% year-on-year; core operating profit reached RMB 2.513 billion, an increase of 4.38%; basic earnings per share were RMB 0.33, and an interim dividend of HKD 0.377 per share is proposed. As of June 30, 2026, the group operates multiple dining brands. In terms of hotpot, 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, Macau, and Taiwan, and 99 franchised restaurants. We continue to optimize the HAIDILAO store network, opening 24 self-operated restaurants and 14 franchised restaurants during the reporting period, while converting 6 self-operated restaurants to franchises. In the first half of the year, 32 restaurants were closed due to facility aging relocations, unsatisfactory operational performance, or other business reasons. In addition, the group operates a total of 183 restaurants under 21 other dining brands. In terms of restaurant performance, the table turnover rate for self-operated HAIDILAO restaurants was 3.9 times per day, compared to 3.8 times per day in the same period of 2025. During the reporting period, takeout became the fastest-growing business segment of the group. Revenue from takeout services reached RMB 2.051 billion in the first half of the year, a year-on-year increase of 121.2%, with its share of the groups total revenue rising from 4.5% in the same period last year to 9.2%. The growth mainly came from two aspects: first, the expansion of the product range, with sales of single-serving products, represented by rice bowls, significantly increasing year-on-year, allowing takeout to expand from the hotpot scene to cover independent categories for regular meals, and new product lines have entered the refinement and market testing stage; second, the increase in takeout service points, as the group continues to promote a self-built site model for takeout, enhancing coverage density and fulfillment efficiency while reducing the strain on kitchen capacity in stores, thereby providing stable support for continuous growth in orders. The results of the selections made during the reporting period have already become apparent. The two formats of street-side hotpot and sushi have established relatively mature single-store models and a certain level of market recognition, and they have now entered the stage of scalable replication. Unlike previous explorations by separate entrepreneurial teams, the subsequent expansion and operations of these two formats are unified and managed by the headquarters, ensuring the quality of replication through group capabilities. During the reporting period, revenue from other restaurants reached RMB 1.271 billion, a year-on-year increase of 113.1%, with its share of the groups total revenue rising to 5.7%.