China's restaurant chain Haidilao jumps on strong revenue growth

Haidilao International Holding

24/03/2022 05:52

** Shares of China's hotpot restaurant chain Haidilao
International Holding Ltd  6862.HK  jump as much as 9.5% to
HK$14.50, their highest since March 10, and on course for a
third straight session of gain
    ** Stock second biggest percentage gainer in the Hang Seng
Index  .HSI , Hang Seng Commerce & Industry Index  .HSNC , and
the Hang Seng China Enterprises Index  .HSCE  
    ** Co says its 2021 revenue jumped 43.7% year-on-year to
41.11 bln yuan ($6.45 bln) due to an increase in the number of
new restaurants and increase in operation days  urn:newsml:reuters.com:*:nFWN2VP1AT
    ** Says its net loss for the year amounted to 4.16 bln yuan,
compared to a 309.3 mln yuan profit in 2020, mainly due to
one-off losses resulting from closure or suspension of operation
at over 300 restaurants 
    ** The Hang Seng Commerce & Industry Index  .HSNC  slips
0.5%, while the Hang Seng consumer goods and services index
 .HSCGSI  rises 0.6%
    ** The Hang Seng China Enterprises Index  .HSCE  eases 0.4%,
and the benchmark Hang Seng Index  .HSI  down 0.3%
    
($1 = 6.3730 Chinese yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))