In all aspects of businesses, Haidilao Restaurant's revenue increased by 4.5% year-on-year to US$188.4 million; the takeaway business revenue increased by 37.9% year-on-year to US$4 million; and the revenue of other businesses increased by 22.7%...
In all aspects of businesses, Haidilao Restaurant's revenue increased by 4.5% year-on-year to US$188.4 million; the takeaway business revenue increased by 37.9% year-on-year to US$4 million; and the revenue of other businesses increased by 22.7% year-on-year to US$5.4 million.
Super Hi International, which operates Haidilao hotpot restaurant, turned losses into profits in the first quarter, achieving a net profit of US$11.9 million (S$15.3 million). In the same quarter a year ago, it lost $4.5 million.
Group stated that Haidilao Restaurant's revenue growth is mainly due to the continued expansion of its business and the increased brand influence, as well as the continued efforts made by the Group to increase its customer flow.
It continued to adjust its restaurant network in the first quarter, opening four new Haidilao restaurants, and closing three restaurants with poor performance. The total number of Haidilao restaurants increased from 122 at the end of December 2024 to 123 at the end of March 2025.
Yang Lijuan, CEO and Executive Director of Tehai International, said: "Looking forward, we will further create a 'different Haidilao', and through iterative upgrades of products, decoration and operations, we will give customers a richer experience. We will also firmly promote the 'Red Pomegranate Plan' to further enrich product supply and expand market share."
Tehai International released its first-quarter results as of the end of March on Wednesday (June 11), pointing out that the group's first-quarter turn losses into profits was mainly due to the reduction in net foreign exchange losses caused by currency fluctuations (especially the appreciation of local currencies against the US dollar) by US$20.4 million.
Group's first quarter 2025 revenue increased by 5.4% year-on-year to US$197.8 million, and its operating margin fell to 4.1% from 6.6% a year ago.
Tehio International, headquartered in Singapore and listed in Hong Kong and Nasdaq in the United States, earned $0.02 per share in the first quarter, compared with a loss of $0.01 per share in the same quarter a year ago.
