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Haidilao Shares Surge as Delivery Expansion and New Brands Drive Financial Growth
Consumer Services · Restaurants · cnbc · 2026-08-26
6862-HK
Haidilao International saw its shares rise 7% in Hong Kong after reporting a 121% jump in delivery revenue and strong performance from its new catering brands.
What Happened
Financial Performance Overview: Haidilao International reported a 7.9% year-on-year revenue increase to 22.34 billion yuan for the first half, with core operating profit rising 4.4% to 2.51 billion yuan. Despite a slight decline in core hotpot restaurant revenue, the company's overall financial health remains robust due to diversified growth segments.
Delivery and Brand Expansion: The delivery business emerged as the primary growth engine, with revenue soaring 121.2% to 2.05 billion yuan following the expansion of local hubs and single-serving fast-food options. Additionally, the company's 'Pomegranate Plan' has successfully scaled new catering formats, contributing to a 113.1% surge in revenue from non-core restaurant operations.
Strategic Growth Outlook: Management is preparing to scale up its food-stall hotpot and sushi formats, which have reached a stage of large-scale replication. These initiatives are expected to become significant revenue drivers by 2027, complementing the planned acceleration of core hotpot store openings.
Analyst Perspective: Citi analysts highlighted that the company's operating profit exceeded expectations by 6%, leading them to maintain a buy rating on the stock. The bank anticipates that the scaling of new formats and increased store openings will likely drive accelerated top-line growth throughout the coming year.