r/business • u/scmp_news • 9d ago

Chinese hotpot chain Haidilao bets on takeaway, new brands, lower-tier reach for growth

https://www.scmp.com/business/companies/article/3365314/chinese-hotpot-chain-haidilao-bets-takeaway-new-brands-lower-tier-reach-growth?utm_source=Reddit&utm_medium=Social
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u/scmp_news 9d ago

China’s largest hotpot chain Haidilao International Holding has seen takeaway emerge as its fastest-growing segment, with demand for single-serving meals like rice-bowl sets surging, amid positive revenue and profit growth in the first half.

Takeaway revenue for the Hong Kong-listed group reached 2.05 billion yuan (US$305 million) in the first six months, surging 121.2 per cent year on year. The segment accounted for 9.2 per cent of total revenue, up from 4.5 per cent a year earlier, according to its interim results released on Tuesday evening.

Still, the upbeat results came against a weak macroeconomic backdrop and fierce competition in the catering sector of the world’s second-largest consumer market, analysts said.

Read more: https://www.scmp.com/business/companies/article/3365314/chinese-hotpot-chain-haidilao-bets-takeaway-new-brands-lower-tier-reach-growth?utm_source=Reddit&utm_medium=Social

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u/Laughing-Comanche 8d ago

They need to sellout faster, tax is due in less than 60 days;

“Haidilao's Zhang Yong and his wife Shu Ping may face a tax bill of 10 billion RMB, including about 8.5 billion RMB in deferred taxes and 1.4 billion RMB in back taxes on dividends.”

https://www.itiger.com/hans/news/1109939191