Core Insights - The company, Tehai International, reported a revenue of approximately $397 million for the first half of 2025, with a profit attributable to shareholders of $28.35 million, translating to an earnings per share of $0.05 [1] Group 1: Financial Performance - The average table turnover rate for Haidilao restaurants was 3.9 times per day, an increase of 0.1 times compared to the previous year [1] - Same-store revenue grew by 3.0% year-on-year [1] - The operating profit margin at the restaurant level was 6.4%, a decrease of 2.3 percentage points year-on-year, reflecting the company's expected profit-sharing policy and indicating areas for improvement in management precision [1] Group 2: Expansion and Strategy - Tehai International opened 8 new Haidilao restaurants in the first half of 2025 and closed 4 underperforming locations as part of its "Woodpecker Plan" in Southeast Asia and East Asia [1] - As of June 30, 2025, the company operated a total of 126 Haidilao restaurants internationally, with 74 in Southeast Asia, 20 in East Asia, 20 in North America, and 12 in other regions [1] Group 3: Brand Development - The company is steadily advancing its second brand incubation under the "Pomegranate Plan," with other sales revenue reaching $11.5 million, a 25.0% increase from $9.2 million in the same period of 2024 [2] - As of June 30, 2025, Tehai International has opened prototype stores across various categories, including hot pot, barbecue, and fast food, while preparing to offer Chinese, other Asian, and Western fast food options [2]