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Super Hi International Holding Ltd. (NASDAQ: HDL, HKEX: 9658) is an investment holding company that primarily operates in the international restaurant industry. The company's core business revolves around the operation of Haidilao hot pot restaurants globally, excluding Mainland China, Hong Kong, Macau, and Taiwan. Super Hi also engages in the delivery business and the sale of hot pot condiments and food ingredients, thereby extending its market reach and enhancing customer convenience.
Founded on the legacy of the Haidilao brand, which originated in Sichuan in 1994, Super Hi provides a unique dining experience renowned for its attentive service, inviting ambiance, and delicious cuisine. This reputation has helped Haidilao become a cultural phenomenon and one of the most popular Chinese cuisine brands worldwide.
As of March 31, 2024, Super Hi operates 119 self-managed Haidilao restaurants across 13 countries and four continents, making it the largest Chinese cuisine restaurant brand in the international market by country coverage.
In terms of financial performance, Super Hi reported revenue of USD 187.6 million for the first quarter of FY2024, a 16.6% increase from the same period in 2023. This growth was driven by an increase in restaurant operations, raw materials, and consumables. Staff costs also rose by 19.8%, reflecting the company's expansion and higher guest visits. Despite recording a USD 4.5 million loss primarily due to foreign exchange losses, the company continues to focus on optimizing its supply chain, enhancing its brand, and leveraging digital technology to support ongoing growth.
Recent developments include the successful listing on Nasdaq, further solidifying Super Hi's presence in the global market. The company recently raised USD 60.57 million through the issuance of 3,096,600 American Depositary Shares (ADSs), positioning it well for future growth initiatives.
Super Hi’s strategic direction involves expanding its restaurant network, maintaining high standards in food safety and quality control, and securing its leadership position in the industry. The company remains committed to sustainable growth through continuous innovation and adaptation to market trends.
Super Hi International Holding (NASDAQ: HDL, HKEX: 9658), a leading Chinese cuisine restaurant brand operating Haidilao hot pot restaurants internationally, has scheduled its Q3 2024 earnings release for Monday, November 25, 2024, before U.S. markets open. The management will host an earnings conference call at 7:00 AM ET (8:00 PM Singapore/Hong Kong Time) on the same day. The call will be available via webcast in both English and Chinese, with phone participation available through pre-registration. An archived version will be accessible on the company's Investor Relations website.
Super Hi International Holding (NASDAQ: HDL) reported its Q2 2024 financial results, showing strong growth. Revenue increased 12.5% year-over-year to US$183.3 million, driven by recovery in international markets and improved restaurant performance. The company expanded its Haidilao restaurant network to 122 locations, opening 4 new restaurants and closing 1 underperforming outlet. Total guest visits rose 14.3% to 7.2 million, with table turnover rate improving to 3.8 times per day. Despite revenue growth, income from operations declined 14.1% to US$8.5 million due to increased expenses. The company reported a narrow loss of US$0.1 million, an improvement from the US$2.2 million loss in Q2 2023. Super Hi's CEO highlighted efforts to enhance local restaurant management and improve guest satisfaction.
SUPER HI INTERNATIONAL HOLDING (NASDAQ: HDL, HKEX: 9658), a leading Chinese cuisine restaurant brand operating Haidilao hot pot restaurants internationally, has announced its upcoming financial results release. The company will report unaudited financial results for the second quarter of FY2024 on Tuesday, August 27, 2024, before U.S. markets open. Management will host an earnings conference call to discuss first half 2024 financial results at 8:00 AM U.S. Eastern Time (8:00 PM Singapore/Hong Kong Time) on the same day.
A live webcast of the call will be available in both English and Chinese. Participants can access the webcast through provided links. For those joining by phone, registration is required in advance. An archived webcast of the conference call will be available on the Company's Investor Relations website.
Super Hi International Holding (NASDAQ: HDL, HKEX: 9658) announced the appointment of Ms. Yang Lijuan as the new CEO and executive director, effective July 1, 2024. Ms. Yang, known for her extensive experience with Haidilao International, helped navigate the company through the pandemic and achieved a net profit of 4.495 billion yuan in 2023. Her leadership and strategic insights are expected to strengthen Super Hi's operations and drive growth. Mr. Li Yu, the outgoing CEO, will remain as a senior regional manager and executive director. Additionally, Mr. Wang Jinping has resigned as executive director and COO to focus on new business incubation. These changes are aimed at bolstering the company's leadership and strategic direction.
Super Hi International Holding (NASDAQ: HDL and HKEX: 9658), operating Haidilao hot pot restaurants, announced its unaudited financial results for Q1 2024. Revenue increased by 16.6% to $187.6 million, with Haidilao operations contributing $180.3 million. The company opened 4 new restaurants, totaling 119. Guest visits rose by 21.7% to 7.3 million, while same-store sales grew by 10%. However, income from operations margin declined to 6.6% from 7%. Operational costs and staff expenses also increased, leading to a net loss of $4.5 million compared to a $5.6 million income in Q1 2023. Basic and diluted net loss per share were $0.01. Super Hi successfully listed on Nasdaq in May 2024, raising $60.57 million from an offering of ADSs.
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