The catering sector of Hong Kong stocks continued to strengthen, with Haidilao up 12%, Yihai international up 9% and Sipu Sipu up 6%.

Behind Loyalty Program's Decreasing Influence at Haidilao

With dated service style and price increase lashbacks, Haidilao is in dire need of a revamp. And modifications in its loyalty program could be a start.

Haidilao Spins Off Overseas Business for Separate Listing

Haidilao is seeking a broader scope of development through the spin-off of its overseas subsidiary

Haidilao Releases H1 2021 Financial Results

In the first half of 2021, Haidilao's revenue increased by 105.9% year-on-year, and its net profit turned from loss to profit.

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.

Haidilao Reports 90% Decline in Net Profit, Even after Share Price Went Up 133% in 2020

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.