Financial Performance - Haidilao reported a revenue of HK$3.2 billion for the first half of 2020, representing a decrease of 24% compared to the same period in 2019[6]. - Haidilao's net profit for the first half of 2020 was HK$300 million, down 56% from HK$680 million in the same period last year[6]. - For the six months ended June 30, 2020, the revenue was RMB 9,760,605, a decrease of 16.5% compared to RMB 11,694,626 for the same period in 2019[21]. - The loss for the period was RMB 964,507, compared to a profit of RMB 912,165 in the same period of 2019[21]. - Total revenue for the group decreased by 16.5% from RMB 11,694.6 million for the six months ended June 30, 2019, to RMB 9,760.6 million for the corresponding period in 2020[33]. - The company reported a loss of RMB 964,602 for the six months ended June 30, 2020, compared to a profit of RMB 911,035 for the same period in 2019[121]. - Total comprehensive expense for the period attributable to owners of the company was RMB 997,996, compared to a comprehensive income of RMB 910,988 in the same period of 2019[114]. Operational Changes - The company opened 12 new restaurants in the first half of 2020, bringing the total number of restaurants to 1,000[6]. - The Company temporarily suspended operations of all restaurants in Mainland China since January 26, 2020, due to the Covid-19 epidemic[23]. - Most restaurants in Mainland China were reopened starting March 12, 2020, following effective control measures by the government[23]. - In the first half of 2020, Haidilao opened 173 new restaurants, increasing its global network from 768 to 935 locations[24]. - The Company implemented customer flow control measures and separate seating arrangements in reopened restaurants[23]. Customer Engagement and Sales - Haidilao reported a significant increase in takeaway and delivery orders, which accounted for 20% of total sales during the first half of 2020[6]. - Revenue from the delivery business increased by 123.7% from RMB183.2 million for the six months ended June 30, 2019, to RMB409.6 million for the corresponding period in 2020, mainly due to an increase in the number of delivery orders[35]. - The average revenue per restaurant decreased by 30% year-on-year due to the impact of COVID-19[6]. - The average spending per guest increased from RMB104.4 in the first half of 2019 to RMB112.8 in the same period of 2020[32]. - The Company served over 81 million customers during the six-month period, with an average table turnover rate of 3.3 times per day[23]. Financial Position and Assets - As of June 30, 2020, total assets increased to RMB 23,036,420 from RMB 20,613,932 as of December 31, 2019[22]. - The equity attributable to owners of the Company decreased to RMB 8,921,592 from RMB 10,623,001 as of December 31, 2019[22]. - Non-current assets increased to RMB 15,589,587 from RMB 13,413,641 as of December 31, 2019[22]. - Total liabilities rose to RMB 14,111,701 from RMB 9,987,899 as of December 31, 2019[22]. - The Group's debt-to-equity ratio was 38.1% as of June 30, 2020, calculated by dividing total borrowings by total equity[56]. Cost Management - Raw materials and consumables used decreased by 11.3% from RMB 4,902.6 million in 2019 to RMB 4,348.2 million in 2020, accounting for 44.5% of revenue[44]. - Staff costs increased by 11.6% from RMB 3,651.9 million in 2019 to RMB 4,074.0 million in 2020, rising from 31.2% to 41.7% of revenue[44]. - Depreciation and amortization rose by 56.2% from RMB 830.1 million in 2019 to RMB 1,297.0 million in 2020, increasing from 7.1% to 13.3% of revenue[45]. - Other expenses increased by 10.7% from RMB 461.6 million in 2019 to RMB 510.8 million in 2020, rising from 3.9% to 5.2% of revenue[45]. Strategic Initiatives - The company plans to expand its presence in international markets, particularly in the United States and Europe, with a focus on increasing brand awareness[6]. - Haidilao is investing in technology to enhance customer experience, including the development of a mobile app for online ordering and payment[6]. - The company is exploring potential mergers and acquisitions to accelerate growth and market penetration[6]. - Future plans include increasing restaurant density, enhancing dining experience, investing in technology, and pursuing strategic acquisitions to diversify the business[58]. Governance and Compliance - The company complied with the mandatory code provisions in the Corporate Governance Code during the six months ended June 30, 2020[83]. - The Audit Committee reviewed the unaudited financial information for the six months ended June 30, 2020, which was prepared in accordance with applicable accounting standards[91]. - The company has adopted the Model Code for securities transactions, and no incidents of non-compliance were noted during the six months ended June 30, 2020[82]. Shareholding Structure - Mr. Zhang Yong holds 3,612,501,243 ordinary shares, representing approximately 68.16% of the total issued share capital[61]. - Ms. Shu Ping, as the spouse of Mr. Zhang Yong, is deemed to have an interest in the same shares, also holding 68.16%[62]. - Mr. Shi Yonghong holds 845,424,028 ordinary shares, representing approximately 15.95% of the total issued share capital[61]. - As of June 30, 2020, UBS Trustees (B.V.I.) Limited holds 4,457,925,271 shares, representing 84.11% of the total shareholding[73].

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]

Financial Performance - Haidilao reported a revenue of HK$3.2 billion for the first half of 2019, representing a year-on-year increase of 25%[1]. - The net profit for the first half of 2019 was HK$500 million, an increase of 20% compared to the same period last year[1]. - Revenue for the six months ended June 30, 2019, was RMB 11,694,626, representing a 59.5% increase from RMB 7,342,644 in the same period of 2018[12]. - Profit before income tax for the period was RMB 1,251,008, up from RMB 900,918 in 2018, indicating a growth of 38.9%[12]. - Profit attributable to owners of the company was RMB 911,035, compared to RMB 646,488 in 2018, reflecting an increase of 40.8%[12]. - Total comprehensive income for the period was RMB 912,118, up from RMB 653,567 in the same period last year, indicating a growth of approximately 39.5%[79]. - Basic and diluted earnings per share for the six months ended June 30, 2019, were both RMB 0.17, compared to RMB 0.13 in the same period of 2018, marking a 30.8% increase[80]. - The company reported a profit for the period of RMB 911,035 for the six months ended June 30, 2019, compared to RMB 646,488 for the same period in the previous year, reflecting a growth of approximately 40.8%[86]. Revenue Sources - Revenue from restaurant operations, which accounted for 96.9% of total revenue, rose by 58.4% from RMB 7,152.0 million to RMB 11,331.4 million[17]. - Revenue from the delivery business grew by 40.9% from RMB 133.4 million to RMB 187.9 million[19]. - Revenue from restaurant operations in Tier 2 cities accounted for 44.1% of total revenue, while Tier 1 cities contributed 25.2%[26]. - The delivery business and sales of condiment products and food ingredients generated revenues of RMB 187,917,000 and RMB 175,297,000 respectively, up from RMB 133,357,000 and RMB 57,250,000 in 2018, reflecting increases of 40.7% and 206.5%[130]. Expansion and Growth Strategy - The company opened 30 new restaurants in the first half of 2019, bringing the total number of restaurants to 500[1]. - Haidilao plans to expand its presence in international markets, targeting a total of 100 overseas locations by 2021[1]. - The company continues to focus on market expansion and new product development to drive future growth[11]. - Future plans include strategic expansion of the restaurant network and enhancement of the dining experience through improved services and value-added offerings[36]. Customer Engagement and Loyalty - User data indicated that the average spending per customer increased by 10% to HK$100[1]. - Haidilao's customer loyalty program has seen a 15% increase in membership, indicating strong customer retention[1]. - The customer loyalty program resulted in a deduction of RMB 49,902,000 from total revenue generated from restaurant operations[26]. Operational Efficiency - The company is investing in new technology for kitchen automation to improve operational efficiency and reduce labor costs[1]. - The financial performance reflects strong operational efficiency and effective cost management strategies implemented by the company[11]. - Intelligent elements were deployed in restaurants, including robotic arms in 3 locations and robot waiters in 179 locations[14]. Financial Position - Total assets as of June 30, 2019, reached RMB 16,924,002, a significant rise from RMB 11,944,643 at the end of 2018, marking a growth of 41.6%[13]. - Total liabilities increased to RMB 7,727,326 as of June 30, 2019, compared to RMB 3,315,085 at the end of 2018, indicating a rise of 133.1%[13]. - The company's debt-to-equity ratio as of June 30, 2019, was 5.7%[32]. - Cash and cash equivalents decreased from RMB 4,118.6 million as of December 31, 2018 to RMB 3,002.7 million as of June 30, 2019, mainly due to capital expenditures on business expansion and the acquisition of a subsidiary[30]. Cost Management - Raw materials and consumables used increased by 59.9% from RMB 3,066.3 million for the six months ended June 30, 2018 to RMB 4,902.6 million for the corresponding period in 2019, remaining stable at 41.8% and 41.9% of revenue respectively[28]. - Staff costs rose by 65.8% from RMB 2,202.7 million to RMB 3,651.9 million, increasing from 30.0% to 31.2% of revenue[28]. - Property rentals and related expenses decreased by 64.7% from RMB 272.3 million to RMB 96.1 million, dropping from 3.7% to 0.8% of revenue due to the application of IFRS 16[28]. Shareholding Structure - ZY NP Ltd. is wholly owned by UBS Trustees (B.V.I.) Limited as the trustee of the Apple Trust, which was established by Mr. Zhang Yong for his and Ms. Shu Ping's benefit[40]. - SP NP Ltd. is also wholly owned by UBS Trustees (B.V.I.) Limited as the trustee of the Rose Trust, set up by Ms. Shu Ping for her and Mr. Zhang Yong's benefit[40]. - The shareholding structure indicates a significant concentration of ownership among a few entities, which may impact governance and decision-making[42]. - As of June 30, 2019, UBS Trustees (B.V.I.) Limited holds 4,504,925,270 shares, representing 85.00% of the total shareholding[49]. Compliance and Governance - The Company adopted the Corporate Governance Code and complied with its mandatory provisions during the reporting period[55]. - The Audit Committee reviewed the unaudited financial information and confirmed compliance with applicable accounting standards[57][60]. - The Company did not have any share option scheme as of June 30, 2019[62]. Acquisitions - The company acquired 100% equity interest in Beijing Youdingyou Catering Co., Ltd. for a total consideration of RMB 204,081,633 on March 26, 2019[35]. - The Group acquired 100% equity interest of Beijing Youdingyou Catering Co., Ltd. for a cash consideration of RMB 204,082,000, completed on June 3, 2019[96]. Taxation - Income tax expense rose by 33.7% from RMB 253.5 million for the six months ended June 30, 2018 to RMB 338.8 million for the corresponding period in 2019, with the effective tax rate decreasing from 28.1% to 27.1%[30]. - The increase in income tax expense was influenced by a RMB 4.7 million increase in the effect of income not taxable for tax purposes[30]. Future Outlook - The company will continue to seek high-quality strategic investment opportunities to create synergies[35]. - The Group's operations are primarily concentrated in Mainland China, which accounted for RMB 10,650,298,000 of the total revenue, while revenue from outside Mainland China was RMB 1,044,328,000[135].

Financial Performance - The company reported a significant increase in revenue, with a year-over-year growth of 30%[1] - The company reported a revenue of approximately $1.2 billion for the last fiscal year, representing a year-over-year growth of 15%[5] - In 2018, the company achieved a revenue of RMB 16,969.1 million, representing a 59.5% increase from RMB 10,637.2 million in 2017[15] - Profit for the period reached RMB 1,648.8 million, up 38.1% from RMB 1,194.3 million in 2017[15] - The company has set a revenue guidance of $1.5 billion for the upcoming fiscal year, reflecting an expected growth of 25%[7] - The gross margin improved to 45%, up from 42% in the previous year, indicating better cost management[7] - The profit for the year attributable to the owners of the company grew by 60.2%[25] - The company achieved a revenue of RMB16,969.1 million, representing a year-on-year growth of 59.5% from RMB10,637.2 million in 2017[33] - Total revenue from restaurant operations reached RMB 16,531.7 million, a substantial increase from RMB 10,411.9 million in 2017[45] Customer Engagement and Market Expansion - User data indicated that the number of active customers reached 10 million, representing a 25% increase compared to the previous year[1] - The company plans to expand its market presence by opening 50 new locations in the next fiscal year[1] - Market expansion plans include entering three new international markets by the end of the next fiscal year[5] - User data indicates a total of 5 million active users, with a 20% increase compared to the previous year[6] - The company plans to continue expanding its restaurant network and enhancing the dining experience through new technology and value-added services[27] - Future outlook includes plans to open 50 new restaurants globally within the next year, targeting key metropolitan areas[71] Product Development and Innovation - New product development includes the introduction of three innovative hot pot soup flavors, expected to boost sales by 15%[1] - New product launches are anticipated to contribute an additional $200 million in revenue over the next year[6] - The introduction of new menu items has led to a 5% increase in average transaction value per customer[71] - The company is investing $50 million in R&D for new technologies aimed at enhancing customer experience[7] Operational Efficiency and Cost Management - The company is investing in new technology to improve operational efficiency, aiming for a 5% reduction in costs[1] - Haidilao aims to achieve a 10% reduction in operational costs through improved supply chain management and efficiency measures[71] - The average annual table turnover rate remained at 5.0 times per day, serving over 160 million guests in 2018[22] - The average sales per delivery order decreased from RMB311.1 in 2017 to RMB297.8 in 2018, a decline of 4.2%[16] Sustainability Initiatives - The company is committed to sustainability initiatives, with plans to reduce carbon emissions by 20% over the next five years[1] - Haidilao's commitment to sustainability includes initiatives to reduce food waste by 30% over the next two years[71] Corporate Governance - The Company is committed to high standards of corporate governance to safeguard shareholder interests and enhance corporate value and accountability[89] - The Board has established various committees to delegate responsibilities and ensure compliance with legal and regulatory requirements[91] - The Company has been in compliance with the Corporate Governance Code from the Listing Date to December 31, 2018[90] - The Company ensures that all Directors have timely access to relevant information and can seek independent professional advice at the Company's expense[93] Financial Management and Audit - The external auditor, Deloitte Touche Tohmatsu, was re-appointed for the financial year ended December 31, 2018, with audit fees amounting to RMB8.8 million, of which RMB6.1 million was related to the listing audit[152] - The management evaluated the internal control system as of December 31, 2018, and found it effective, with no material weaknesses identified[160] - The Group has established a risk management framework based on COSO and ISO 31000:2009, focusing on identifying and managing significant risks[157] Employee and Management Structure - As of December 31, 2018, the Group had a total of 69,056 employees, with 66,219 located in Mainland China and 2,837 overseas[62] - The company has expanded its management team with directors holding positions in various international subsidiaries across multiple countries[73] - The management philosophy emphasizes aligned interests and disciplined management to motivate employees and drive growth[19] Shareholder Returns and Dividends - A final dividend of HK$0.076 (equivalent to RMB0.065) per share has been recommended for the year ended December 31, 2018[28] - The Board proposed a final dividend of HK$0.076 (equivalent to RMB0.065) per share, totaling approximately HK$403,627,000 (equivalent to RMB345,000,000) for the year ended December 31, 2018[183]