海底捞-2025 年上半年业绩：艰难运营环境下利润率小幅未达预期

August 25, 2025 01:31 PM GMT Haidilao International Holding Ltd | Asia Pacific 1H25 Results: Mild Margin Miss on Tough Operating Environment Reaction to earnings Unchanged Modest shortfall Modest revision lower Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Exhibit 1: Haidilao: 1H25 result at a glance | Income Statement | 1H24 | 2H24 | 1H25 | yoy | hoh | vs.MSe | | --- | --- | --- | --- | --- | --- | --- | | Revenue | 21,491 | 21,264 20,703 | | -4% | -3% | - ...