Latest news with #SuperHi
Straits Times
3 days ago
- Business
- Straits Times
Haidilao operator Super Hi swings to $15.3 million Q1 profit on forex gains, more delivery business
Super Hi did not disclose the performance of its Singapore operations, but noted that average daily revenue per restaurant in South-east Asia fell 3.2 per cent to US$15,300. PHOTO: AFP Haidilao operator Super Hi swings to $15.3 million Q1 profit on forex gains, more delivery business SINGAPORE - Super Hi International, the operator of Haidilao's international business, posted a net profit of US$11.9 million (s$15.3 million) for the first quarter ended March 31, reversing a net loss of US$4.5 million in the same period the year before. The turnaround was mainly driven by a US$20.4 million reduction in net foreign exchange losses due to currency fluctuations – particularly, the revaluation of local currencies against the US dollar – said Super Hi. Earnings per share for the company – which is listed on both the Nasdaq and Stock Exchange of Hong Kong – stood at US$0.02, up from a loss of US$0.01 a year earlier. Revenue rose 5.4 per cent year on year to US$197.8 million, from US$187.6 million. This was led by a 37.9 per cent increase in revenue from the delivery business to US$4 million, from US$2.9 million. Super Hi attributed the jump in delivery revenue to sustained investment and marketing efforts in the delivery business, as well as the expansion of its delivery network alongside growing restaurant coverage. Revenue from restaurant operations grew 4.5 per cent to US$188.4 million, while that from its other business, including retail food products, rose 22.7 per cent to US$5.4 million. Super Hi did not disclose the performance of its Singapore operations, but noted that average daily revenue per restaurant in South-east Asia fell 3.2 per cent to US$15,300. In contrast, average daily revenue rose 19.9 per cent in East Asia to US$19,300, and 3.3 per cent in North America to US$22,200. Its income from operation fell 33.9 per cent year on year to US$8.2 million, while the income from operation margin narrowed to 4.1 per cent from 6.6 per cent. The decline was mainly due to higher spending on customer and employee benefit initiatives; increased outsourcing and maintenance costs from network expansion; and higher short-term lease payments. Total guest visits rose 6.8 per cent year on year to 7.8 million. The group also opened four new Haidilao outlets and closed three underperforming ones during the quarter. As at end-March, it operated 123 restaurants outside China, up 3 per cent from 119 a year earlier, with South-east Asia remaining its largest market (73 outlets). Chief executive and executive director Yang Lijuan said Super Hi focused on refining operational strategies during Q1, to boost customer value and loyalty through pricing adjustments, improved portion value and more diverse dining formats. Mr Yang added that the group will continue advancing its 'Pomegranate Plan', launched in 2024 to drive product diversification. The initiative aims to grow new dining formats such as fast food and halal hotpot, supported by specialised teams in operations, product development and marketing. THE BUSINESS TIMES Check out ST's Food Guide for the latest foodie recommendations in Singapore.
Business Times
3 days ago
- Business
- Business Times
Haidilao operator Super Hi swings to US$11.9 million Q1 profit on forex gains, delivery growth
[SINGAPORE] Super Hi International, the operator of Haidilao's international business, posted a net profit of US$11.9 million for the first quarter ended Mar 31, reversing a net loss of US$4.5 million in the same period the year before. The turnaround was mainly driven by a US$20.4 million reduction in net foreign exchange losses due to currency fluctuations – particularly the revaluation of local currencies against the US dollar – said Super Hi in a press release on May 21. Earnings per share for the company – which is listed on both the Nasdaq and Stock Exchange of Hong Kong – stood at US$0.02, up from a loss of US$0.01 a year earlier. Revenue rose 5.4 per cent year on year (yoy) to US$197.8 million, from US$187.6 million. This was led by a 37.9 per cent increase in revenue from the delivery business to US$4 million, up from US$2.9 million from the year-ago period. Super Hi attributed the jump in delivery revenue to sustained investment and marketing efforts in the delivery business, as well as the expansion of its delivery network alongside growing restaurant coverage. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Revenue from restaurant operations grew by 4.5 per cent to US$188.4 million, while that from its other business, including retail food products, rose 22.7 per cent to US$5.4 million. Super Hi did not disclose the performance of its Singapore operations, but noted that average daily revenue per restaurant in South-east Asia fell 3.2 per cent to US$15,300. In contrast, average daily revenue rose by 19.9 per cent in East Asia to US$19,300, and by 3.3 per cent in North America to US$22,200. Its income from operation fell 33.9 per cent yoy to US$8.2 million, while income from operation margin narrowed to 4.1 per cent from 6.6 per cent. The decline was mainly due to higher spending on customer and employee benefit initiatives; increased outsourcing and maintenance costs from network expansion; and higher short-term lease payments. Total guest visits rose 6.8 per cent yoy to 7.8 million. The group also opened four new Haidilao outlets and closed three underperforming ones during the quarter. As at end-March, it operated 123 restaurants outside China, up 3 per cent from 119 a year earlier, with South-east Asia remaining its largest market (73 outlets). Chief executive and executive director Yang Lijuan said Super Hi focused on refining operational strategies during the first quarter of the year, to boost customer value and loyalty through pricing adjustments, improved portion value and more diverse dining formats. Yang said the group will continue advancing its 'Pomegranate Plan', launched in 2024 to drive product diversification. The initiative aims to grow new dining formats such as fast food and halal hotpot, supported by specialised teams in operations, product development and marketing.
Yahoo
24-04-2025
- Business
- Yahoo
Super Hi Announces Annual General Meeting on June 24, 2025 and Filing of Its Annual Report on Form 20-F
SINGAPORE, April 24, 2025 (GLOBE NEWSWIRE) -- Super Hi International Holding Ltd. (NASDAQ: HDL and HKEX: 9658) ('Super Hi' or the 'Company'), a leading Chinese cuisine restaurant brand operating Haidilao hot pot restaurants in the international market, today announced that it will hold an annual general meeting of the Company's shareholders (the "AGM") virtually at 11:00 a.m. on June 24, 2025, Hong Kong Time (at 11:00 p.m. on June 23, 2025, U.S. Eastern Time), for the purposes of considering and, if thought fit, passing each of the proposed resolutions set forth in the AGM notice. The AGM notice, the AGM circular, and the form of proxy for the AGM are available on the Company's website at Holders of record of the Company's ordinary shares on the Company's register of members as of the close of business on May 9, 2025 (Hong Kong Time) are entitled to attend and vote at the AGM. Holders of the Company's American depositary shares (the "ADSs") as of the close of business on May 9, 2025 (U.S. Eastern Time), who wish to exercise their voting rights for the underlying ordinary shares, must submit their voting instructions to Citibank, N.A., the depositary of the ADSs, and are not permitted to attend or vote in person at the AGM. The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. The Company's Form 20-F can be accessed on the Company's investor relations website at and on the SEC's website at The Company has also published its Hong Kong annual report for the year ended December 31, 2024 pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, which can be accessed on the Company's investor relations website at as well as the website of The Stock Exchange of Hong Kong Limited at About Super HiSuper Hi operates Haidilao hot pot restaurants in the international market. Haidilao is a leading Chinese cuisine restaurant brand. With roots in Sichuan from 1994, Haidilao has become one of the most popular and largest Chinese cuisine brands in the world. With over 30 years of brand history, Haidilao is well-loved by guests for its unique dining experience — warm and attentive service, great ambiance and delicious food, standing out among global restaurant chains, which has made Haidilao restaurants into a worldwide cultural phenomenon. Haidilao has been ranked as one of the world's most valuable restaurant brands for six consecutive years since 2019, earning the title of "World's Strongest Restaurant Brand" for 2024 (Brand Finance). As of December 31, 2024, Super Hi had 122 self-operated Haidilao restaurants in 14 countries across four continents, making it the largest Chinese cuisine restaurant brand in the international market in terms of number of countries covered by self-operated restaurants. ContactsInvestor RelationsEmail: superhi_ir@ Phone: +1 (212) 574-7992 Public RelationsEmail: in to access your portfolio
