Core Insights - Super Hi International Holding Ltd. reported a 7.8% year-over-year increase in overall revenue for Q3 2025, reaching US$214.0 million compared to US$198.6 million in Q3 2024 [4][5] - The company achieved a 5.1% increase in revenue from Haidilao restaurant operations, totaling US$200.7 million, driven by business expansion and increased brand influence [6] - The income from operations saw a significant quarter-over-quarter growth of 240.5%, increasing by US$8.9 million from the previous quarter, although it decreased by 15.4% year-over-year [9][10] Financial Performance - Total guest visits increased by 9.5% to over 8.1 million compared to 7.4 million in the same period last year [5] - Same-store sales rose by 2.3% to US$182.2 million from US$178.1 million in Q3 2024 [5][23] - The income from operations margin improved by 4.0 percentage points from the previous quarter to 5.9%, but decreased by 1.6 percentage points year-over-year [9] Operational Highlights - The company opened two new Haidilao restaurants and closed one due to lease expiration, maintaining a total of 126 restaurants in operation [5][15] - The overall average table turnover rate increased to 3.9 times per day, up from 3.8 times per day in the same period last year [5][18] - Revenue from the delivery business surged by 69.2% to US$4.4 million, attributed to optimized delivery services and strategic marketing collaborations [6] Cost and Expenses - Raw materials and consumables used increased by 8.7% to US$71.2 million, reflecting higher food ingredient costs due to business expansion [7] - Staff costs rose by 7.9% to US$71.0 million, driven by an increase in employee numbers and higher guest visits [8] - The profit for the period significantly decreased to US$3.6 million from US$37.7 million in the same period last year, largely due to a net foreign exchange loss of US$31.7 million [10][11] Strategic Initiatives - The company is focused on enhancing management capabilities and expanding its digital platform to improve operational efficiency [3] - The "Pomegranate Plan" aims to incubate secondary branded restaurants and explore diverse business forms [7] - Super Hi continues to strengthen its brand presence globally, maintaining its status as a leading Chinese cuisine restaurant brand [26]

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]