Core Insights - Super Hi International Holding Ltd. reported a total revenue of US$198.9 million for Q2 2025, marking an 8.5% increase from US$183.3 million in Q2 2024 [4][5] - Same-store sales increased by 5.3% year-over-year, reaching US$170.2 million [5][21] - The company experienced a significant decline in income from operations, which fell by 56.5% to US$3.7 million, with an operating margin of 1.9% compared to 4.6% in the previous year [9][10] Financial Performance - Revenue from Haidilao restaurant operations was US$189.1 million, up 7.3% from US$176.2 million in Q2 2024 [6] - The delivery business revenue surged by 60.9% to US$3.7 million, driven by optimized delivery services and marketing collaborations [6] - Other business revenue increased by 27.1% to US$6.1 million, attributed to the popularity of hot pot condiments and the incubation of secondary branded restaurants [6] Operational Highlights - The company opened 4 new Haidilao restaurants and closed 1 underperforming location, bringing the total to 126 restaurants [5] - The average table turnover rate remained stable at 3.8 times per day, with same-store turnover at 3.9 times [5][17] - Total guest visits increased by 6.9% to over 7.7 million compared to 7.2 million in Q2 2024 [5] Cost Structure - Raw materials and consumables used rose by 9.6% to US$67.6 million, representing 34.0% of revenue, up from 33.7% [7] - Staff costs increased by 12.1% to US$70.3 million, accounting for 35.3% of revenue, compared to 34.2% in the same period last year [8] - The decline in operating income was attributed to increased investment in customer and employee benefits, higher outsourcing fees, and reduced government grants [9] Profitability - The company reported a profit of US$16.4 million for the period, a significant turnaround from a loss of US$0.1 million in Q2 2024 [10] - Basic and diluted net profit per share were both US$0.03, compared to a net loss per share in the same period last year [11] Market Position - Super Hi operates Haidilao restaurants in 14 countries, making it the largest Chinese cuisine restaurant brand internationally by the number of countries covered [25] - The brand has been recognized as one of the world's most valuable restaurant brands for six consecutive years, earning the title of "World's Strongest Restaurant Brand" for 2024 [25]
Super Hi Reports Unaudited Financial Results for the Second Quarter of 2025