Haidilao International has announced a full-year net profit of RM 2.869 billion (RMB 4.78 billion) for the year ending December 2024, reflecting a 4.65% year-on-year increase.
Earnings per share stood at RM 0.57 (RMB 0.87), and the company declared a final dividend of RM 0.31 (HKD 0.507) per share.
Revenue and international performance
According to Sin Chew Daily and Guang Ming Daily Haidilao recorded total revenue of RM 25.69 billion (RMB 42.755 billion), marking a 3.14% year-on-year increase.
The company’s international business arm, Super Hi International Holdings, reported a net profit of RM 94.79 million (USD 21.4 million) for 2024.
Operating profit rose 23.7% year-on-year to RM 236.21 million (USD 53.31 million), while total revenue from international operations reached RM 3.45 billion (USD 778 million), reflecting a 13.4% growth compared to the previous year.
Customer growth and expansion
Haidilao also reported an improvement in customer traffic and table turnover rates.
In 2024, the average table turnover rate for Haidilao restaurants increased to 4.1 times per day, compared to 3.8 times per day in 2023.
The total number of customer visits reached 415 million, representing a 4.5% year-on-year increase.
New openings and restaurant network
Last year, Haidilao expanded its footprint by opening 62 new restaurants, including 59 self-operated outlets and three franchise locations.
Additionally, the company reopened two previously closed outlets. However, it also closed or relocated 70 restaurants over the year.
As of the end of 2024, Haidilao operates a total of 1,368 restaurants globally. This includes 1,332 self-operated outlets in mainland China, 23 outlets in Hong Kong, Macau, and Taiwan, and 13 franchised locations.
Haidilao’s steady growth and expansion efforts demonstrate its resilience in the highly competitive food and beverage industry, with strong international business performance contributing to overall profitability.
