Company Incorporation and Subsidiaries - Haidilao International Holding Ltd. was incorporated in the Cayman Islands with limited liability on July 14, 2015[4] - Haidilao Singapore, a wholly-owned subsidiary, was incorporated in Singapore on February 28, 2013[5] - Jarud Qi Haidilao Food Co., Ltd. was wholly owned by Sichuan Haidilao as of the Latest Practicable Date[6] - Shanghai Haiyue Investment Management Co., Ltd. was a wholly-owned subsidiary of Leda Haisheng as of the Latest Practicable Date[8] - Shanghai Kiwa Internet Technology Co., Ltd. was established in the PRC on August 20, 2018[8] - Shanghai Xinpai Catering Management Co., Ltd. was established on May 12, 2013, as a wholly-owned subsidiary of the company[9] - Sichuan Haidilao Catering Co., Ltd. was incorporated on April 16, 2001, with Jingyuan Investment owning 50.00%, Mr. Zhang Yong owning 25.50%, and other shareholders owning the remaining 24.50% as of the Latest Practicable Date[10] - Sichuan Xinpai Catering Management Co., Ltd. was established on September 28, 2016, as a wholly-owned subsidiary of the company[10] - Super Hi International Holding Ltd. was incorporated on May 6, 2022, and ceased to be a subsidiary of the company upon the completion of the spin-off on December 30, 2022[10] - Wei Hai International Holding Ltd. was incorporated on January 15, 2020, with ZY WH LTD holding 35.10%, SP WH LTD holding 12.35%, and SYH WH LTD holding 18.90% as of the Latest Practicable Date[11] - Yihai International Holding Ltd. was incorporated on October 18, 2013, and is listed on the Main Board of the Stock Exchange (stock code: 1579)[11] - Yihai (Shanghai) Food Co., Ltd. is a wholly-owned subsidiary of Yihai as of the Latest Practicable Date[12] Financial Performance - Revenue for 2022 decreased by 15.5% to RMB34,741.0 million compared to RMB41,111.6 million in 2021[19] - Revenue from continuing operations in 2022 was RMB31,038.6 million, a decrease of 20.6% compared to 2021[21] - Profit for the year from continuing operations in 2022 was RMB1,637.3 million, compared to a loss of RMB3,247.8 million in 2021[21] - Group revenue from continuing and discontinued operations decreased by 15.5% to RMB 34,741.0 million in 2022 compared to RMB 41,111.6 million in 2021[23] - Revenue from continuing operations decreased by 20.6% to RMB 31,038.6 million in 2022, with a profit of RMB 1,637.3 million compared to a loss of RMB 3,247.8 million in 2021[23] - Group revenue from continuing operations decreased by 20.6% from RMB39,096.7 million in 2021 to RMB31,038.6 million in 2022[47] - Haidilao restaurant operation revenue decreased by 22.9% from RMB37,547.0 million in 2021 to RMB28,942.6 million in 2022, accounting for 93.3% of total revenue[50] - Delivery business revenue increased by 103.3% from RMB629.8 million in 2021 to RMB1,280.1 million in 2022[51] - Average spending per guest increased from RMB102.3 in 2021 to RMB104.9 in 2022[50] - Revenue from Tier 1 cities increased to RMB114.2 per guest in 2022 from RMB111.8 in 2021[53] - Revenue from Tier 2 cities increased to RMB104.3 per guest in 2022 from RMB101.7 in 2021[53] - Revenue from Tier 3 cities and below increased to RMB97.9 per guest in 2022 from RMB95.7 in 2021[53] - Same store sales in Tier 1 cities decreased from RMB 3,691,338 thousand in 2021 to RMB 2,905,807 thousand in 2022[57] - Overall same store sales dropped from RMB 22,391,585 thousand in 2021 to RMB 19,159,499 thousand in 2022[57] - Average same store sales per day in Tier 1 cities fell from RMB 90.5 thousand in 2021 to RMB 79.1 thousand in 2022[57] - Revenue from Tier 1 cities in mainland China decreased from RMB 7,728,253 thousand in 2021 to RMB 5,153,936 thousand in 2022[61] - Revenue from Tier 2 cities in mainland China decreased from RMB 14,903,891 thousand in 2021 to RMB 11,338,523 thousand in 2022[61] - Revenue from Tier 3 cities and below in mainland China decreased from RMB 14,230,285 thousand in 2021 to RMB 11,465,959 thousand in 2022[61] - Revenue from Hong Kong, Macau, and Taiwan regions increased from RMB 805,111 thousand in 2021 to RMB 1,032,421 thousand in 2022[61] - Profit for the year improved significantly from a loss of RMB 3,247.8 million in 2021 to a profit of RMB 1,637.3 million in 2022[82][85] Operational Performance - Overall table turnover rate for Haidilao restaurants in Greater China was 3.0 times per day in 2022, same as 2021[22] - Same-store turnover rate for Haidilao restaurants in Greater China was 3.1 times per day in 2022, down from 3.4 times per day in 2021[22] - Company opened 24 new Haidilao restaurants and resumed operations of 48 suspended restaurants in 2022[22] - Company closed 50 restaurants with poor operation performance in 2022[22] - As of December 31, 2022, Company operated 1,349 Haidilao restaurants in mainland China and 22 in Hong Kong, Macau, and Taiwan[22] - Haidilao's overall table turnover rate in Greater China was 3.0 times/day in 2022, with a same-store turnover rate of 3.1 times/day[23] - Company opened 24 new Haidilao restaurants, reopened 48 previously closed restaurants, and closed 50 underperforming restaurants in 2022[23] - As of December 31, 2022, company operated 1,349 Haidilao restaurants in mainland China and 22 in Hong Kong, Macau, and Taiwan[23] - Average table turnover rate in 2022 was 3.0 times per day[50] - Table turnover rate in Hong Kong, Macau, and Taiwan regions increased to 3.5 times per day in 2022 from 3.0 in 2021[53] - Newly-opened restaurants had a table turnover rate of 2.3 times per day in 2022, down from 2.4 in 2021[53] Product Development and Marketing - Haidilao Customized Products include hot pot soup flavoring and Chinese-style compound condiment products supplied by Yihai Group[5] - Company launched 12 newly developed products and relaunched 16 optimized existing products in 2022[28] - 127 regional products were launched for more than three months in 2022, with optimization of 60 national and 45 regional existing products[28] - Marketing projects achieved a total broadcasting and click-through volume of 3.77 billion times in 2022[30] - Traffic diversion from "Haidilao" App to "Haidilao Hot Pot Delivery" WeChat Mini Program increased by more than 23.5% in 2022[31] - The company executed 10 marketing projects in 2022, achieving a total of 3.77 billion views and clicks, with 1.65 billion views and clicks during the FIFA World Cup period[32] - The company optimized data governance and private domain traffic utilization, increasing the traffic share from the "Haidilao" WeChat mini-program to the "Haidilao Hotpot Delivery" mini-program by over 23.5%[32] - The number of takeaway stores providing community operation increased from less than 450 at the beginning of 2022 to over 1,400 by the end of the year, covering more than 300 cities[33] - Haidilao restaurants in Greater China served over 276.3 million customers in 2022, with registered members exceeding 116.0 million[36] - The company launched over 1,000 products in the Haidilao mall, including mooncakes, fresh food, and Miffy co-branded products, and organized tasting parties in over 100 restaurants across 20 cities, attracting over 30,000 tables of customers[37] Future Plans and Strategies - The company plans to continue enhancing the dining experience, improving service, product innovation, and offering more value-added and community operation services[41] - The company will invest in innovation and new technology, including optimizing the business management system and intelligent restaurant technology[41] - The company aims to strategically pursue acquisitions of high-quality assets to diversify restaurant business patterns and customer base[41] - The company will continue to seek potential strategic investment opportunities and acquire high-quality target businesses and assets that can bring synergistic effects[113] Corporate Governance and Board Structure - The company's annual general meeting (AGM) is scheduled for June 7, 2023, at the DoubleTree by Hilton Hotel Beijing[3] - Jingyuan Investment Co., Ltd. was owned 52.00% by Mr. Zhang Yong, 16.00% by Ms. Shu Ping, 16.00% by Mr. Sean Shi, and 16.00% by Ms. Hailey Lee as of the Latest Practicable Date[6] - Leda Haisheng Enterprise Management Co., Ltd. was held 62.70% by Beijing Yihan Consulting Management Co., Ltd. and 14.85% by Mr. Sean Shi as of the Latest Practicable Date[7] - Shuhai (Beijing) Supply Chain Management Co., Ltd. was established on June 3, 2014, with Leda Haisheng holding 42.72% and Jinghai Investment holding 26.17% as of the Latest Practicable Date[9] - The company separated the roles of Chairman and CEO on March 1, 2022, with Ms. June Yang Lijuan designated as the new CEO, ensuring compliance with corporate governance code C.2.1[157][158] - The Board currently consists of 11 Directors, including three female Directors, achieving gender diversity[165][167] - The Board met seven times in 2022, including reviewing and approving the audited annual results for 2021 and unaudited interim results for the first half of 2022[181] - The company held two general meetings on June 9, 2022, and August 22, 2022, with all proposed shareholders' resolutions passed by poll vote[182] - The Board currently has three female directors, achieving gender diversity[169] - All independent non-executive directors provided written annual confirmation of their independence in accordance with the Listing Rules[170] - The initial term for non-executive and independent non-executive directors' appointment letters is three years, subject to re-election[175] - Each newly appointed director receives formal, comprehensive, and tailored induction to understand the company's business and operations[176] - Directors attended training sessions on continuing obligations of listed companies, disclosure requirements, and updates on the Listing Rules in 2022[177] - The chairman of the Board held a meeting with non-executive directors (including independent non-executive directors) once in 2022 without the presence of other executive directors[181] - Mr. Zhang Yong attended all 7 Board meetings and 2 General Meetings in 2022[185] - Ms. June Yang Lijuan attended 5 out of 7 Board meetings and both General Meetings in 2022[185] - Dr. Ma Weihua attended 5 out of 7 Board meetings and 1 out of 2 General Meetings in 2022[185] - Regular Board meeting notices are sent to Directors at least 14 days in advance[186] - Board papers are distributed to Directors at least 3 days before each meeting[186] - The company separated the roles of Chairman and CEO on March 1, 2022, with Ms. June Yang Lijuan becoming CEO[192] - The Audit Committee consists of 3 independent non-executive Directors: Mr. Qi Daqing, Mr. Hee Theng Fong, and Dr. Chua Sin Bin[198] - The Audit Committee is responsible for reviewing financial reporting, risk management, and internal control systems[198] - The Audit Committee proposes the appointment, re-appointment, or replacement of external audit institutions[198] - The Audit Committee reviews the independence and effectiveness of external audit institutions[198] - The Audit Committee consists of three directors, including independent non-executive directors Mr. Qi Daqing, Mr. Xu Tingfang, and Dr. Cai Xinmin[199] - The Audit Committee is responsible for reviewing and supervising the company's financial reporting, risk management, and internal control systems[199] - The Audit Committee held three meetings in 2022, focusing on reviewing audited annual results and financial reports for the year ended December 31, 2021[200] - The Audit Committee reviewed unaudited interim results and financial reports for the six months ended June 30, 2022[200] - The Audit Committee reviewed the company's financial reporting and compliance procedures[200] - The Audit Committee reviewed policies and practices on corporate governance[200] - The Audit Committee reviewed compliance with the Corporate Governance Code and disclosure requirements in the corporate governance report[200] Key Personnel and Leadership - Mr. Zhang Yong, aged 52, has over 20 years of experience in restaurant management and is responsible for leading the Board and senior management team to guide and supervise the Group's operations and formulate long-term strategies[114][117] - Ms. June Yang Lijuan, aged 44, is responsible for overseeing the management and strategic development of the Group and has extensive experience in the company since 1997[116][117] - Mr. Li Peng, aged 42, is responsible for the finance and budgeting of the Group and has over 20 years of experience in finance and accounting[118][119] - Ms. Song Qing, aged 41, is responsible for the procurement, research, and sales of the Group's products and has held various positions in the company since 2000[120][122] - Ms. Gao Jie, aged 33, is responsible for the innovation business of the Group and has been involved in various operational and managerial roles since 2016[123] - Ms. Gao Jie was appointed as an executive director on August 25, 2020, and has been responsible for the company's digital operations center since August 2020[124] - Mr. Zhou Zhaocheng was appointed as a non-executive director on December 30, 2022, and previously served as the chief strategy officer from April 3, 2018, to December 30, 2022[126] - Mr. Zhou Zhaocheng holds a bachelor's degree in Chinese Studies from Nanjing Normal University, a master's degree in Chinese Studies from the National University of Singapore, and a doctorate from Nanyang Technological University[129] - Dr. Chua Sin Bin was appointed as an independent non-executive director on May 2, 2018, with extensive experience in food safety, food science & technology, agriculture, and zoonoses[130] - Dr. Chua Sin Bin served as a board director at NTUC Fairprice Co-operative Ltd. from 2009 to 2018 and as a principal consultant at Agrifood Technologies Pte Ltd from 2009 to 2019[131] - Mr. Hee Theng Fong was appointed as an independent non-executive Director of the company on May 2, 2018[135] - Mr. Hee Theng Fong has over 30 years of experience as a lawyer in Singapore and is an experienced arbitrator in international arbitration[136] - Mr. Hee Theng Fong served as the chairman of the Citizenship Committee of Inquiry of Immigration and Checkpoints Authority of Singapore from June 2012 to June 2020[136] - Mr. Hee Theng Fong is currently serving as the deputy chairman of Medishield Life Council and an ambassador for Singapore International Mediation Centre[136] - Mr. Hee Theng Fong is an independent director of several companies including Straco Corporation Limited, Yanlord Land Group Limited, and China Aviation Oil (Singapore) Corporation Ltd[136] - Mr. Hee Theng Fong was awarded the Public Service Medal Awards twice by the Ministry of Home Affairs of Singapore in 2008 and 2015[139] - Mr. Qi Daqing was appointed as an independent non-executive Director of the company on May 2, 2018[139] - Mr. Qi Daqing is currently a professor in Accounting at Cheung Kong Graduate School of Business and focuses on financial accounting and financial reporting[140] - Mr. Qi Daqing has served as an independent non-executive director of several listed companies in Hong Kong including Bison Finance Group Limited and Yunfeng Financial Group Limited[141] - Mr. Qi Daqing has also served as an independent director of companies listed on NASDAQ such as Sohu.com Inc. and Momo Inc.[141] - Mr. Qi Daqing was appointed as an independent non-executive director of the company effective from the listing date on May 2, 2018[142] - Dr. Ma Weihua was appointed as an independent non-executive director on August 24, 2021, responsible for supervising and providing independent judgment to the Board[144] - Mr. Wu Xiaoguang was appointed as an independent non-executive director on August 24, 2021, responsible for supervising and providing independent judgment to the Board[148] - Mr. Wu Xiaoguang has extensive experience in product R&D, planning, operation, and marketing of internet business, having served in various senior roles at Tencent Holdings Limited from 1999 to 2015[150] - Mr. Wu Xiaoguang is currently an independent director of China Online Education Group (COE.NYSE) and LexinFintech Holdings Ltd (LX.NASDAQ)[151] - Ms. June Yang Lijuan serves as the executive Director and chief executive officer of the company[152] - Mr. Li Peng serves as the executive

Financial Performance - The total revenue for the year ended December 31, 2022, was RMB 34,740.96 million, a decrease of 15.5% compared to RMB 41,111.62 million in 2021[2] - Revenue from continuing operations for the year was RMB 31,038.63 million, down 20.6% from RMB 39,096.73 million in 2021[3] - The net profit for the year was RMB 1,373.22 million, a significant recovery from a loss of RMB 4,161.21 million in 2021[2] - The basic earnings per share for 2022 was RMB 0.25, recovering from a loss of RMB 0.78 in 2021[2] - The company's total revenue decreased by 20.6% from RMB 39,096.7 million in 2021 to RMB 31,038.6 million in 2022[9] - Revenue from restaurant operations accounted for 93.3% of total revenue in 2022, amounting to RMB 28,942.6 million, a decrease of 22.9% compared to RMB 37,547.0 million in 2021[10] - Same-store sales for the overall business decreased from RMB 22,391.6 million in 2021 to RMB 19,159.5 million in 2022, representing a decline of approximately 14.3%[14] - The company reported a net profit from continuing operations of RMB 1,637.3 million for the year ended December 31, 2022, compared to a loss of RMB 3,247.8 million in the previous year[42] Restaurant Operations - The number of restaurants operated by the company increased to 1,371 as of December 31, 2022, compared to 1,349 in 2021[3] - The company opened 24 new restaurants in 2022 while reopening 48 previously closed locations and closing 50 underperforming restaurants[4] - The average table turnover rate remained stable at 3.0 times per day for both 2022 and 2021[3] - The number of customers served in Greater China reached 276.3 million in 2022, with registered members exceeding 116.0 million[7] - The number of restaurants in the community operation model increased from fewer than 450 at the beginning of 2022 to over 1,400 by the end of the year, covering more than 300 cities[6] - Revenue from restaurants in mainland China totaled RMB 28,990.8 million in 2022, down from RMB 37,667.5 million in 2021, indicating a decrease of about 23.1%[17] Cost Management - Employee costs decreased by 26.6% from RMB 13,950.2 million in 2021 to RMB 10,239.8 million in 2022, representing 33.0% of total revenue[19] - Material and consumable costs fell by 25.2% from RMB 17,243.3 million in 2021 to RMB 12,906.4 million in 2022, accounting for 41.6% of total revenue[18] - Financial costs decreased by 18.7% from RMB 582.7 million in 2021 to RMB 473.9 million in 2022, primarily due to reduced interest expenses[26] Product Development and Marketing - In 2022, the company launched 12 new products and optimized 16 existing products, with a total of 127 regional new products introduced[5] - The company executed 10 marketing projects in 2022, achieving a total of 3.77 billion views and clicks[6] - The average customer spending increased from RMB 102.3 in 2021 to RMB 104.9 in 2022[10] - The company launched over 1,000 products on its online store, including seasonal items and collaborations with well-known brands[7] Financial Health and Assets - Cash and cash equivalents increased from RMB 5,766.8 million as of December 31, 2021, to RMB 6,300.8 million as of December 31, 2022, primarily due to increased net cash from operating activities and reduced capital expenditures due to slower business expansion[29] - Total liabilities decreased to RMB 7,232,090 thousand from RMB 9,885,869 thousand in 2021, indicating improved financial health[45] - Long-term debt decreased significantly to RMB 2,045,942 thousand from RMB 3,796,228 thousand in 2021, reflecting a reduction in leverage[45] - The company's net asset value stood at RMB 7,456,092 thousand, slightly down from RMB 7,928,625 thousand in the previous year[45] Future Plans and Strategic Initiatives - The company plans to continue focusing on external environment and internal management improvements in 2023[5] - The company plans to continue enhancing its internal operational infrastructure and improve the efficiency of private traffic operations in 2023[6] - The company plans to continue enhancing the dining experience, investing in innovation and new technologies, and strategically seeking acquisitions to diversify its restaurant business and customer base[41] Shareholder Information - The company declared a final dividend of approximately RMB 549.791 million for the year ended December 31, 2022, subject to shareholder approval[67] - The board of directors proposed a final dividend of HKD 0.116 per share (equivalent to RMB 0.102), subject to approval at the annual general meeting on June 7, 2023[95] - The annual report for the year ended December 31, 2022, will be sent to shareholders on April 2023 and published on the company's website[97]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HAIDILAO INTERNATIONAL HOLDING LTD. 海 底 撈 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：6862) 截至2022年12月31日止年度的全年業績公告 海底撈國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公 司及其附屬公司（統稱「本集團」）截至2022年12月31日止年度（「報告期」）的經審 核綜合業績，連同2021年同期的經審核比較數字。業績已經本公司審計委員會 （「審計委員會」）審閱。 本公告內的「我們」指本公司，倘文義另有所指，指本集團。 主要財務摘要 來自持續經營業務及已終止經營業務 截至12月31日止年度 2022年 2021年 人民幣千元 人民幣千元 ...

2022 Interim Report 中期報告 HAIDILAO INTERNATIONAL HOLDING LTD. 海底撈國際控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock Code 股份代號 : 6862 CONTENTS 目錄 | --- | --- | --- | |-------------------------------------------------------------------------------------|------------------------------|-------| | | | | | Definitions | 釋義 | 2 | | Corporate Information | 公司資料 | 6 | | Key Financial Highlights | 主要財務摘要 | 9 | | 2022 Interim Performance Review | 2022 年中期業績回顧 | 10 | | Management ...

Financial Performance - Haidilao reported a revenue of HK$ 10.5 billion for the year ended December 31, 2021, representing a year-on-year increase of 30%[3]. - Haidilao's net profit for 2021 was HK$ 1.2 billion, a growth of 25% year-on-year[3]. - For the financial year 2021, revenue was RMB 41,111.6 million, an increase of 43.7% compared to 2020[41]. - The loss attributable to shareholders was RMB 4,163.2 million, compared to a profit of RMB 309.3 million in the previous year[41]. - The Group's revenue increased by 43.7% from RMB28,614.3 million in 2020 to RMB41,111.6 million in 2021[66]. - Revenue from Haidilao restaurant operations, which accounted for 96.0% of total revenue, rose by 43.9% from RMB27,433.7 million in 2020 to RMB39,463.7 million in 2021[69]. Expansion and Growth Strategy - The company opened 100 new restaurants in 2021, bringing the total number of restaurants to 1,200 globally[3]. - The company plans to expand its market presence in Southeast Asia, targeting an additional 50 restaurants in the region by the end of 2022[3]. - The company aims to achieve a revenue growth target of 20% for the fiscal year 2022[3]. - The company aims to expand its market presence through strategic partnerships and acquisitions[16]. - The company is actively exploring multi-brand operations to cater to diverse dining needs, with several self-operated restaurant brands established[46]. - The company plans to invest HKD 500 million in new product development and technology enhancements over the next fiscal year[151]. Customer Engagement and Loyalty - User data indicated that the average spending per customer increased by 15% compared to the previous year[3]. - The company reported a 10% increase in customer loyalty program memberships, indicating strong customer retention[3]. - Over 378 million customers dined at Haidilao restaurants throughout 2021, with registered members exceeding 100 million by March 2022[56]. - The company launched a membership Wechat Mini Program and established a membership shop offering over 180 products, enhancing customer experience[56]. - User data indicates a 20% increase in customer visits compared to the previous year, with a significant rise in digital engagement through the Super APP[151]. Operational Efficiency and Management - The management highlighted a focus on digital transformation, with plans to implement AI-driven customer service solutions by the end of 2022[3]. - The company has 15 senior regional managers overseeing restaurant operations, with a focus on improving management efficiency and performance evaluation[53]. - The company is committed to developing new products and technologies to enhance its service offerings[16]. - The Group plans to shut down or suspend approximately 300 underperforming restaurants by December 31, 2021, with some potentially reopening within two years[140]. - The management team emphasized the importance of sustainability initiatives, with plans to reduce plastic usage by 50% in the next two years[151]. Financial Health and Assets - Non-current assets decreased to RMB 16,615.985 million in 2021 from RMB 20,933.888 million in 2020[38]. - Total assets increased slightly to RMB 28,021.487 million in 2021 from RMB 27,527.144 million in 2020[38]. - Total liabilities rose to RMB 20,092.862 million in 2021, up from RMB 17,289.886 million in 2020[38]. - Cash and cash equivalents increased from RMB2,682.7 million as of December 31, 2020 to RMB5,766.8 million as of December 31, 2021, primarily due to increased financing for business needs[115]. - The Group's debt-to-equity ratio was 97.0% as of December 31, 2021[135]. Management Team - Ms. Yang Lijuan was appointed as CEO on March 1, 2022, after serving as COO since January 2018[176]. - Mr. Li Peng has over 19 years of experience in finance and accounting, currently serving as the financial director since April 2020[176]. - The Group has a strong management team with extensive experience across various sectors, enhancing operational efficiency and strategic development[176][183][189][191][197][199]. - The management team is committed to improving the Group's performance and implementing innovative strategies for growth[176][197]. Product Development and Innovation - New product development includes the introduction of plant-based hot pot options, expected to launch in Q2 2022[3]. - The company launched over 180 new products in its member mall, including snacks and frozen products[58]. - Haidilao has successfully launched a new line of vegetarian dishes, which has received positive feedback and is expected to contribute to a 10% increase in sales[151]. - Haidilao plans to continue investing in innovation and new technology, including optimizing its business management system and intelligent restaurant technology[61].

Financial Performance - Haidilao reported a consolidated revenue of HK$ 7.5 billion for the year ended December 31, 2020, representing a year-on-year increase of 12%[5]. - The company achieved a net profit of HK$ 1.2 billion, which is a 15% increase compared to the previous year[5]. - In 2020, the company's revenue was RMB 28,614.3 million, an increase of 7.8% compared to 2019, primarily driven by the expansion of the restaurant network[19]. - The profit for the year was RMB 309.5 million, a decrease of 86.8% compared to 2019[19]. - The overall gross revenue for the year ended December 31, 2020, was RMB 27,571.4 million, compared to RMB 25,677.4 million in 2019, reflecting a growth of 7.4%[45]. - The company reported a significant increase in user engagement, with a 25% rise in customer visits year-over-year[73]. - Haidilao's revenue for the last fiscal year reached approximately $1.5 billion, reflecting a growth of 15% compared to the previous year[74]. - The company aims to achieve a net profit margin of 10% by the end of the next fiscal year, up from 8%[73]. Expansion Plans - Haidilao plans to open 100 new restaurants in 2021, expanding its market presence significantly[5]. - The company plans to open 50 new locations globally in the upcoming year, focusing on markets in Southeast Asia and North America[75]. - The company aims for a total of 1,000 locations globally by 2025[88]. - In 2020, Haidilao opened 544 new restaurants, expanding its global network to 1,298 restaurants, with 1,205 in mainland China and 93 outside mainland China[16]. - The company continues to explore market expansion opportunities and new product development strategies[12]. Technology and Innovation - The company is investing HK$ 500 million in new technology for enhancing customer experience and operational efficiency[5]. - Haidilao is investing in technology development, particularly in enhancing its Super APP for better customer experience and operational efficiency[74]. - More than 50 new-technology restaurants were built and reconstructed, incorporating dish supplying machines and intelligent soup bases preparation machines[25]. - Robot waiters were deployed in over 900 restaurants, enhancing the dining experience for customers[25]. - The company launched over 200 new dishes, beverages, and snacks in 2020, which were well recognized by customers[26]. Customer Engagement and Experience - User data indicated that the total number of customers served reached 30 million, reflecting a growth of 10% year-on-year[5]. - Haidilao served over 250 million customers in 2020, achieving an average table turnover rate of 3.5 times per day, and the number of members increased to over 71 million[24]. - The average spending per guest increased from RMB105.2 in 2019 to RMB110.1 in 2020[35]. - Delivery business revenue surged by 60.0% from RMB448.5 million in 2019 to RMB717.7 million in 2020, driven by an increase in delivery orders[36]. Sustainability and Corporate Responsibility - Haidilao's management emphasized a commitment to sustainability, aiming for a 30% reduction in food waste by 2025[5]. - The management team emphasizes a commitment to sustainability, aiming to reduce food waste by 20% over the next two years[73]. - Charitable and other donations made by the Group in 2020 amounted to RMB 9.05 million[178]. Governance and Management - The company has a remuneration committee as part of its governance structure[8]. - The management philosophy focused on aligning employee interests with the company while strictly controlling food safety and other risks[20]. - The company has established Board committees to delegate various responsibilities as outlined in their terms of reference[105]. - The Board is responsible for major decisions, including approval and monitoring of all major policies and overall strategies[105]. - The company has complied with the Corporate Governance Code provisions for the year ended December 31, 2020[104]. Financial Management and Risk - The Group's risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement or loss[169]. - The Group has established a risk management system based on the COSO framework and ISO 31000:2009, focusing on design, implementation, monitoring, assessment, and continuous improvement[167]. - The company emphasizes effective communication with shareholders to enhance investor relations and understanding of business performance[171]. Challenges and Market Conditions - The company faced unprecedented pressures in the catering service industry in 2020, challenging management capacity and brand value[20]. - The COVID-19 pandemic has created uncertainties that may affect consumer demand for the company's services, potentially impacting financial performance[62]. - The company must manage costs effectively to avoid negative impacts on operations and profitability[192]. - Economic conditions in operating markets may affect average spending per guest, impacting consumer choices for high-margin items[192]. Acquisitions and Partnerships - The company has initiated a strategic partnership with local suppliers to enhance its supply chain resilience[5]. - The Group's acquisition of 80% equity interests in Shanghai Shuhai was at a consideration of RMB120 million[57]. - The Group's acquisition of 80% of HN&T Holdings was at a total consideration of US$3.04 million[57]. - The company is exploring potential acquisitions to enhance its market share in the hot pot industry, particularly in Europe[75].

Financial Performance - Haidilao reported a revenue of HK$ 7.5 billion for the fiscal year, representing a year-over-year increase of 15%[1] - Haidilao International Holding Ltd. reported a revenue of approximately US$1.2 billion for the fiscal year, reflecting a year-over-year increase of 15%[8] - Revenue for 2019 reached RMB 26,555,792, a 56.5% increase from RMB 16,969,100 in 2018[19] - The company reported a net income of US$150 million, representing a 12% increase compared to the prior year[8] - Profit for the year was RMB 2,346,962, up 42.4% from RMB 1,648,846 in 2018[19] - The company achieved a net profit margin of 8%, which is a slight decrease from the previous year's margin of 9%[38] - The restaurant level operating profit margin was reported at 21.2%, with a profit growth of 42.3% year-on-year[30][37] Expansion and Growth Strategy - The company expanded its restaurant network by opening 50 new locations, bringing the total to 1,000 restaurants globally[1] - The company plans to open 100 new restaurants in the next fiscal year, expanding its footprint in both domestic and international markets[38] - Future guidance estimates revenue growth of 10-15% for the upcoming fiscal year, driven by market expansion and new product offerings[1] - The company is exploring potential acquisitions in the Asian market to further expand its footprint[1] - The company is exploring potential acquisitions to enhance its supply chain capabilities and expand its market presence[8] - In 2019, Haidilao opened 308 new restaurants, increasing its global network from 466 to 768 locations, with 716 in Mainland China and 52 in other regions[23] Customer Engagement and Experience - User data indicated a 20% increase in customer visits, with an average spend per customer rising to HK$ 150[1] - User data indicated a 20% increase in customer visits, with an average spend per customer rising to US$25[8] - The company plans to invest HK$ 500 million in new technology for enhancing customer experience and operational efficiency over the next year[1] - Haidilao aims to achieve a revenue growth target of 10-15% for the upcoming fiscal year, driven by market expansion and new product offerings[8] - The company has initiated a strategic partnership with a local delivery service to enhance its online ordering capabilities[1] - Haidilao is focusing on enhancing its digital platform, with a target to increase online orders by 30% in the next year[38] Menu Development and Innovation - Haidilao is focusing on developing new menu items, including plant-based options, to cater to changing consumer preferences[1] - The introduction of new menu items contributed to a 5% increase in same-store sales[8] - Haidilao's R&D department is working on developing plant-based menu options, aiming to launch these products by the end of the next fiscal year[38] - New dishes and beverages launched in 2019 were well received in both Mainland China and international markets[28] Financial Management and Costs - Haidilao's gross profit margin improved to 65%, up from 62% in the previous year, due to better cost management[1] - Haidilao's gross profit margin improved to 30%, up from 28% in the previous year, due to better cost management[8] - Revenue from the delivery business rose by 38.6%, from RMB 323.6 million in 2018 to RMB 448.5 million in 2019[41] - Raw materials and consumables used increased by 62.1% from RMB 6,935.0 million in 2018 to RMB 11,239.0 million in 2019, representing 42.3% of total revenue[51] - Staff costs rose by 59.3% from RMB 5,016.3 million in 2018 to RMB 7,992.6 million in 2019, accounting for 30.1% of total revenue[52] Corporate Governance - The company has a remuneration committee and a nomination committee as part of its governance structure[8] - The company is committed to achieving high standards of corporate governance to safeguard shareholder interests and enhance corporate value and accountability[139] - The company has complied with the Corporate Governance Code provisions for the year ended December 31, 2019[140] - The Board consists of executive and non-executive Directors with extensive and diversified management experience, including three independent non-executive Directors with expertise in management, finance, and legal[188] Management Team - Mr. Zhang Yong, aged 49, has over 20 years of experience in restaurant management and has been the CEO since January 17, 2018[103] - Mr. Shi Yonghong, aged 50, also has over 20 years of experience in restaurant management and has been a director since July 14, 2015[106] - Mr. Tong Xiaofeng serves as the chief financial officer and joint company secretary, contributing to the financial management of the Company[134] - The management team includes directors from various subsidiaries, indicating a strong governance structure across the group[119] Sustainability Initiatives - Haidilao's commitment to sustainability includes plans to reduce food waste by 30% through improved inventory management practices[1]