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Haidilao 2020 Net Profit Down 86.8% YoY, Per Capita Consumption at CNY 110
Due to the pandemic, Haidilao, a Chinese hotpot restaurant chain, lost CNY 965 million in the first half of 2020. Although the overall net profit has declined, Haidilao's full-year net profit has actually increased in the second half of the year. The average table turnover rate in the second half of 2020 has also rebounded to more than 75% of the same period in 2019.
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On March 1, 2021, Chinese Hotpot Restaurant chain Haidilao International Holdings Co., Ltd. announced that its net profit is expected to register a drop of 90% on the Hong Kong Stock Exchange for 2020.
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