Business & Finance
Haidilao shares rise 7% as delivery and new dining formats offset main restaurant decline
Strong demand for single-serving fast food and new catering brands lifted overall revenue despite lower sales at flagship hotpot locations.
The short version
- Haidilao International stock surged 7% in Hong Kong after reporting a 7.9% year-over-year revenue increase to 22.34 billion yuan for the first half of the year.
- Delivery revenue jumped 121.2% and sales from secondary restaurant brands grew 113.1%, compensating for a 4% drop in flagship hotpot store revenue.
- The restaurant operator plans to expand its food-stall hotpot and sushi dining concepts during the second half of 2026.
Key facts
- Haidilao shares increased 7% in Hong Kong following the release of its first-half financial results.[CNBC]
- Total revenue grew 7.9% year-on-year to 22.34 billion yuan ($3.32 billion) for the six months ending in June, while core operating profit rose 4.4% to 2.51 billion yuan.[CNBC]
- Delivery revenue grew 121.2% to 2.05 billion yuan, driven by single-serving offerings and expanded local delivery hubs.[CNBC]
- Revenue at core Haidilao-branded outlets decreased 4% to 17.84 billion yuan due to a lower count of self-operated restaurants.[CNBC]
- Revenue from other restaurant operations surged 113.1% to 1.27 billion yuan, backed by 183 locations operating across 21 alternative catering brands.[CNBC]
- As of June, the group managed 1,389 core hotpot locations alongside its alternative brand locations.[CNBC]
What remains uncertain
- The timeline and financial success of scaling up new seafood-stall hotpot and sushi store formats in late 2026 depend on corporate execution and market response.[CNBC]