Hotpot chain Haidilao H1 revenue rises on delivery business, new brands

Haidilao International Holding

25/08/2026 13:26

Overview
China hot pot chain's H1 revenue rose 7.9% yr/yr, driven by delivery and new brands
Net profit for H1 up 0.5% yr/yr
Company declared interim dividend of HKD0.377 per share

Outlook
Company expects pace of new restaurant openings to increase compared to 2026
Haidilao to prioritize scaling up food stall hot pot and sushi formats from H2 2026
Company plans continued expansion of delivery business and other diversified channels

Result Drivers
DELIVERY BUSINESS - Co said delivery business revenue grew 121.2% yr/yr, driven by expansion of single-serving fast food and denser delivery network
NEW BRANDS - Revenue from other restaurant operation rose 113.1% yr/yr, attributed to growth of innovative catering brands and new dining scenarios under Pomegranate Plan
CORE RESTAURANT DECLINE - Revenue from Haidilao restaurant operation fell 4.0% yr/yr, mainly due to decrease in number of self-operated restaurants

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 22.34 bln
 
H1 Net Income Attributable
 
RMB 1.77 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy"
Wall Street's median 12-month price target for Haidilao International Holding Ltd is HK$16.85, about 47.7% above its August 25 closing price of HK$11.41
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Aug 24 - China's Busy Ming Group H1 revenue surges amid store network expansion
Aug 25 - China Foods H1 revenue rises on channel expansion, functional-drink growth
Aug 25 - Hong Kong's Nissin Foods half-year revenue rises

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-25/451b1dde-3bc5-4e1d-a12a-81636d720368.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)