On the evening of August 24, Haidilao released the 2021 semi-annual report. In the first half of the year, the company achieved revenue of 20.09 billion yuan, a year-on-year increase of 105.9%; realized a net profit of 94.529 million yuan, compared with a loss of 965 million yuan in the same period of the previous year, turning losses into profits.
The company announced on the evening of the same day that two directors of the board of directors resigned. Shu Ping resigned as a non-executive director and member of the audit committee of the company, and Shi Yonghong resigned as an executive director of the company.
It is worth noting that Shu Ping is Zhang Yong’s wife, and Zhang Yong controls a total of 3.612.5 billion shares of Haidilao; Shi Yonghong is the co-founder of Haidilao and the second largest shareholder of Haidilao. He also serves as a hot pot ingredient supplier under Haidilao Group. Chairman of Hai International.
Haidilao said that the reason for Shu Ping’s resignation was the adjustment of the company’s internal organizational structure, while Shi Yonghong was to devote more time and energy to other businesses.
The semi-annual report shows that the operating income of Haidilao Restaurant is still its main source of income. This business contributed 96.6% of its revenue in the first half of 2021, which is an increase compared with 93.7% in the same period in 2020; the amount will also increase from 2020. The 9.15 billion yuan in the same period of the year rose to 19.42 billion yuan in 2021, an increase of 112.2%.
Although the performance is better than the same period last year, Haidilao has been proud of its turnover rate, which has dropped to 3 times per day, which is lower than that during the 2020 epidemic.
Haidilao stated in its semi-annual report that the company’s operating results in the first half of 2021 did not meet management expectations, reflecting the need for efforts to adjust and improve the company’s internal management and operations.
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