Financial Performance - SUPER HI INTERNATIONAL HOLDING LTD. reported a significant increase in revenue, achieving a total of 778.3 million, reflecting a 13.4% increase from US778.3 million in 2024, a 13.4% increase from US747.296 million, a 13% increase from 747.3 million, driven by improved table turnover rates and strategic expansion[58]. - The Group's revenue from delivery business reached US9.8 million in 2023[74][77]. - Revenue from other segments amounted to US15.4 million in 2023[76][78]. - The Group's net profit decreased by 15.4% to US25.3 million in 2023, mainly due to increased foreign exchange losses[112][117]. User Growth and Market Expansion - The company’s user base expanded to 1.2 million active users, reflecting a 40% increase year-over-year, driven by enhanced marketing strategies and product offerings[2]. - Market expansion plans include entering three new international markets by the end of 2025, targeting a 15% increase in market share[5]. - By the end of 2024, the number of overseas Haidilao members exceeded 6 million, representing a growth of over 40% from 2023[40]. - The company plans to continue expanding its market presence and enhancing operational efficiency through new strategies and technology[66]. Operational Efficiency - The company's operating income margin in 2024 was 6.8%, a slight increase from 6.3% in 2023[29]. - The restaurant level operating margin improved to 10.1% in 2024 from 9.0% in 2023, indicating enhanced operational efficiency[167]. - The average table turnover rate of Haidilao restaurants was 3.8 times per day, with the same store table turnover rate reaching 3.9 times per day, both increasing by 0.3 times per day compared to last year[31]. - Dynamic operational strategies were implemented during peak periods, including adjusting business hours and optimizing staff utilization[36]. Investments and Innovations - The company is investing 10 million, expected to enhance its technological capabilities and product offerings[6]. - The company is exploring innovative business forms, including barbecue, specialty hot pot, and fast food, under the "Pomegranate plan" to establish itself as a leading global comprehensive catering service group[32]. - The Group's strategic exploration of diverse business forms contributed to the popularity of hot pot condiment products and secondary branded restaurants[76][78]. Sustainability and Corporate Governance - The company is focusing on sustainability initiatives, allocating 684.4 million, an increase from US361.7 million in 2024, up from US$272.1 million in 2023[27]. - The current ratio improved to 2.5 as of December 31, 2024, compared to 1.7 in 2023[145]. - The gearing ratio decreased to 0.3 as of December 31, 2024, down from 0.4 in 2023[145]. - The Group plans to finance future capital expenditures through cash generated from operations and unutilized proceeds from the initial public offering[136]. Management and Leadership - The company is focusing on internationalization and globalization strategies under the leadership of newly appointed chairlady Ms. Shu Ping[174]. - Mr. LI has over 17 years of experience in the catering industry and was appointed as the chief operating officer (mainland China) from March 2022 to October 2022[184]. - Ms. LIU has over 12 years of experience in the catering service sector and was promoted to overseas product director in March 2022[186]. - Mr. TAN was appointed as an independent non-executive Director on December 12, 2022, responsible for supervising and providing independent judgment to the Board[190].
特海国际(09658) - 2024 - 年度财报