海底捞(06862) - 2021 - 中期财报

Financial Performance - Haidilao reported a revenue of HK$4.2 billion for the first half of 2021, representing a year-on-year increase of 30%[3] - The company achieved a net profit of HK$1.1 billion, up 25% compared to the same period last year[3] - Revenue for the first half of 2021 was RMB20,094.4 million, an increase of 105.9% compared to the same period in 2020[18] - Profit for the first half of 2021 amounted to RMB96.5 million, increasing by 110.0% compared to the same period in 2020[18] - The Group's profit before taxation for the first half of 2021 was RMB294.9 million, a significant recovery from a loss of RMB924.4 million in the same period of 2020[16] - The profit for the period increased by 110.0% from RMB964.5 million (loss) for the six months ended June 30, 2020 to RMB96.5 million (profit) for the corresponding period in 2021[50] - Total comprehensive income for the period was RMB101,530, compared to a loss of RMB997,901 in the prior year[114] - The profit attributable to owners of the Company for the six months ended June 30, 2021, was RMB94,529,000, a significant recovery from a loss of RMB964,602,000 in the same period of 2020[161] Revenue Sources - Revenue from Haidilao restaurant operations accounted for 96.6% of total revenue, increasing by 112.2% to RMB19,418.6 million due to the increase in new restaurants and operational days[35] - Revenue from the delivery business decreased by 15.6% from RMB409.6 million to RMB345.7 million due to a reduction in delivery orders[36] - Revenue from takeaway business decreased by 15.6% from RMB 409.6 million in the six months ended June 30, 2020, to RMB 345.7 million in the same period of 2021, primarily due to a reduction in takeaway orders as the pandemic improved[39] - Revenue from condiment products and food ingredients reached RMB210,275,000, up from RMB182,150,000, marking an increase of around 15.4%[132] - The Group's revenue from mainland China was RMB18,774,066,000, while revenue from outside mainland China was RMB1,320,303,000 for the six months ended June 30, 2021[136] Customer Engagement - User data indicated that the average spending per customer increased by 15% to HK$100[3] - Haidilao's customer base grew by 20% in the first half of 2021, reaching 10 million active users[3] - As of June 30, 2021, the company had 85 million members, with member consumption accounting for over 80% of total revenue in the first half of 2021[24] Operational Efficiency - The company is investing HK$200 million in new technology for kitchen automation to enhance operational efficiency[3] - The overall increase in revenue was driven by eased anti-pandemic measures, increased operation days, and a higher number of restaurants[18] - The company implemented a new large-small region management pattern to improve operational efficiency and address restaurant issues more effectively[22] - The average table turnover rate was 3.0 times per day, down from 3.3 times per day in the corresponding period in 2020[18] - The overall table turnover rate was 3.0 times per day, down from 3.3 times per day in the same period of 2020, indicating operational challenges[21] Expansion Plans - Haidilao plans to open 50 new restaurants in 2021, expanding its footprint in both domestic and international markets[3] - The number of restaurants outside Mainland China increased to 106, with a gross revenue of RMB1,220.74 million in the first half of 2021[46] - The company is exploring potential acquisitions to strengthen its market position and diversify its offerings[3] - Future initiatives include increasing restaurant density and expanding geographical coverage[62] Sustainability and Social Responsibility - The company emphasized its commitment to sustainability, aiming to reduce food waste by 30% by the end of 2022[3] - The company distributed RMB11.6 million in subsidies to employees under the parent-child companionship project in the first half of 2021[26] - The parent-child companionship program has helped over 1,000 employee families reunite, distributing subsidies totaling RMB11.6 million[12] Financial Position - Total assets as of June 30, 2021, were RMB31,399.1 million, up from RMB27,527.1 million as of December 31, 2020[17] - Total equity attributable to owners of the Company was RMB10,240.7 million as of June 30, 2021, slightly up from RMB10,233.9 million as of December 31, 2020[17] - Non-current liabilities increased to RMB11,727.4 million as of June 30, 2021, compared to RMB7,421.9 million as of December 31, 2020[17] - The Group's debt-to-equity ratio was 75.4% as of June 30, 2021, indicating a significant leverage position[60] Shareholder Information - As of June 30, 2021, Mr. Zhang Yong and Ms. Shu Ping each held approximately 68.16% of the total issued share capital[66] - NP United Holding Ltd. is an investment holding company incorporated in the BVI, owned approximately 51.778% by ZY NP Ltd. and 16.074% by each of SP NP Ltd., SYH NP Ltd., and LHY NP Ltd.[72] - UBS Trustees (B.V.I.) Limited is the trustee for multiple trusts benefiting the families of the founders involved in these investment holding companies[68][70][69][71] Governance and Compliance - The Company has complied with the mandatory code provisions in the Corporate Governance Code during the six months ended June 30, 2021[89] - The Company did not recommend the payment of interim dividends for the six months ended June 30, 2021[96] - The Company’s Audit Committee reviewed the unaudited financial information for the six months ended June 30, 2021, and confirmed compliance with relevant accounting standards[95] Cash Flow and Investments - Net cash from operating activities for the six months ended June 30, 2021, was RMB2,088,560,000, compared to RMB336,765,000 in the same period of 2020[123] - For the six months ended June 30, 2021, the net cash used in investing activities was RMB4,313,848, compared to RMB2,413,131 for the same period in 2020, indicating a significant increase in investment outflows[125] - The company reported a net cash outflow of RMB116,810 on the acquisition of a subsidiary during the first half of 2021[125] Cost Management - Raw materials and consumables used increased by 95.5% from RMB4,348.2 million for the six months ended June 30, 2020 to RMB8,502.4 million for the corresponding period in 2021, with a decrease in percentage of revenue from 44.5% to 42.3%[48] - Staff costs rose by 75.8% from RMB4,074.0 million to RMB7,161.7 million, with a decrease in percentage of revenue from 41.7% to 35.6%[48] - Property rentals and related expenses increased by 125.2% from RMB88.1 million to RMB198.6 million, remaining stable at 0.9% and 1.0% of revenue[48] Impairment and Losses - The impairment loss recognized in respect of property, plant, and equipment was RMB(33,416,000), compared to RMB(16,048,000) in the previous year[147] - The Group reported a net foreign exchange loss of RMB(85,096,000) for the six months ended June 30, 2021, compared to a net gain of RMB59,749,000 in the previous year[147]