Core Viewpoint - The company reported a revenue of $19.8 million in Q1 2025, a year-on-year increase of 5.4%, and a net profit of $1.2 million, benefiting from a decrease in foreign exchange losses [1][2] Business Performance - The restaurant operations of Haidilao showed steady growth, with revenue from restaurant operations, takeout, and other businesses increasing by 4.5%, 37.9%, and 22.7% year-on-year, respectively [1] - Restaurant operations accounted for over 95% of total revenue, with takeout growth driven by increased investment, marketing, and expanded restaurant coverage [1] - Other business growth was attributed to the second brand restaurant incubated by the Pomegranate Plan and the rising popularity of hot pot condiments and branded foods among local customers and retailers [1] Operational Metrics - The company maintained a table turnover rate of 3.9 times per day, with same-store turnover increasing by 0.1 times to 4.0 times per day [2] - Average daily sales per restaurant reached $17,800, a year-on-year increase of 1.71%, while same-store sales grew by 0.34% [1][2] - The overall customer spending per visit decreased by 2.8% to $24.2 due to proactive pricing adjustments and portion size reductions [1] Profitability - Profit margins declined to 4.1%, down 2.5 percentage points year-on-year, influenced by rising costs in raw materials, employee expenses, and increased outsourcing and maintenance costs [2] - Employee costs rose significantly due to restaurant network expansion and enhanced employee benefits aimed at improving loyalty and job satisfaction [2] Store Network - The company opened 4 new Haidilao locations in Q1 2025 while closing 3 underperforming restaurants, bringing the total number of stores to 123 [2] - Compared to the same period in 2024, the number of stores in Southeast Asia, East Asia, North America, and other regions each increased by 1 [2] Future Outlook - The company is well-positioned in the international restaurant market, with expectations of revenue growth to $89.7 million, $104.1 million, and $116.9 million from 2025 to 2027, and net profits projected at $4.4 million, $5.5 million, and $6.3 million, respectively [3]
特海国际(9658.HK)：汇兑亏损下降 同店翻台率增长