[ET Net News Agency, 26 July 2021] Haidilao International Holding Ltd. (06862) said the
group is expected to record a net profit of approximately RMB80 million to RMB100 million
for the six months ended 30 June 2021, as compared to the net loss of the group for the
six months ended 30 June 2020 of approximately RMB965 million.
It was also attributable to (i) the company newly opened many restaurants in the second
half of 2020 and in the first half of 2021, which incurred a higher corresponding
expenditure; (ii) the period of time for the company's new restaurants opened in the
second half of 2020 and the first half of 2021 to their first breakeven and returns on
cash investments was longer than prior periods; and (iii) the operations of overseas
restaurants were still suffering from the continuing impact of COVID-19 pandemic in
different countries and regions. (RC)