Core Viewpoint - Haidilao International Holding Ltd reported strong financial performance for the first half of 2025, with significant revenue growth and innovative business strategies aimed at enhancing customer experience and diversifying offerings [1] Financial Performance - The company achieved a revenue of 20.703 billion yuan and a net profit of 1.755 billion yuan, with core operating profit reaching 2.408 billion yuan [1] - Haidilao served nearly 190 million customers in the first half of the year, with an overall table turnover rate of 3.8 times per day [1] Business Innovation - The "Different Haidilao" initiative continues to drive innovation, introducing diverse dining scenarios such as "fresh cut," "night snacks," "family-friendly," and "pet-friendly" options [1] - Over 50 fresh-cut workshop stores and nearly 30 night snack-themed stores have been transformed to meet varied dining needs [1] - The takeaway business saw a nearly 60% year-on-year increase in revenue, with "single-person meals" contributing over half of this growth [1] Brand Strategy - The "Pomegranate Plan" has accelerated the multi-brand strategy, with a total of 126 second-brand stores under Haidilao, including 46 new openings for "Yanjin Barbecue" [1] - Revenue from other restaurants reached 597 million yuan, marking a significant year-on-year increase of 227% [1] Membership and Future Plans - As of June 30, the total number of Haidilao members surpassed 200 million [1] - The company plans to continue enhancing dining experiences and pursuing a diversified operational strategy, including strategically seeking acquisitions of quality assets to enrich its restaurant business and customer base [1]

Core Insights - Haidilao International Holding Ltd. reported a revenue of 20.703 billion yuan and a net profit of 1.755 billion yuan for the first half of 2025, with a core operating profit of 2.408 billion yuan [1] - The company served nearly 190 million customers in the first half of the year, achieving an overall table turnover rate of 3.8 times per day [1] Business Innovation - Haidilao continues to promote the "Different Haidilao" initiative, creating diverse dining scenarios such as "Fresh Cut," "Late Night," "Family-Friendly," and "Pet-Friendly" [1] - As of June 30, over 50 Fresh Cut workshop stores and nearly 30 late-night themed stores have been transformed to meet varied dining needs [1] - The takeout business saw a nearly 60% year-on-year increase in revenue, with "single-serving" hot pot dishes contributing over half of this growth [1] Multi-Brand Strategy - Under the "Pomegranate Plan," the multi-brand strategy is accelerating, with a total of 126 second-brand stores opened in the first half of the year [1] - The new brand "Yansheng Barbecue" opened 46 new locations, driving "Other Restaurant Revenue" to 597 million yuan, a year-on-year increase of 227% [1] Membership and Future Plans - As of June 30, the total number of Haidilao members surpassed 200 million [1] - The company plans to continue enhancing the dining experience and pursuing a diversified business strategy, including strategically seeking acquisitions of quality assets to enrich its restaurant business and customer base [1]