海底捞2025中期报告

(Incorporated in the Cayman Islands with limited liability)（於開曼群島註冊成立的有限公司） Stock Code股份代號: 6862 CONTENTS 6 8 20259 16 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Zhang Yong(Chairman)Mr. Zhou Zhaocheng(Vice Chairman)Mr. Gou YiqunMr. Li PengMs. Song QingMs. Gao Jie Independent Non-Executive Directors Dr. Chua Sin BinMr. Hee Theng FongMr. Qi DaqingDr. Ma WeihuaMr. Wu XiaoguangMr. Zhang Junjie AUDIT COMMITTEE Mr. Qi Daqing(Chairman)Mr. Hee Theng FongDr. Chua Sin Bin REMUNERATION COMMITTEE Mr. Hee Theng Fong(Chairman)Mr. Zhang YongDr. Chua Sin Bin NOMINATION COMMITTEE 20256 2020256 20 Mr. Zhang Yong(Chairman)Mr. Hee Theng FongMr. Qi DaqingDr. Ma Weihua(Appointed with effect from June 20, 2025)Ms. Song Qing(Appointed with effect from June 20, 2025) CORPORATE GOVERNANCE COMMITTEE Dr. Ma Weihua(Chairman)Dr. Chua Sin BinMr. Wu Xiaoguang COMPANY SECRETARIES Mr. Li PengMr. Cheng Ching Kit AUTHORIZED REPRESENTATIVES Mr. Li PengMr. Cheng Ching Kit AUDITOR • Deloitte Touche Tohmatsu LEGAL ADVISERKirkland & Ellis REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands 39817 CORPORATE HEADQUARTERS 7th Floor, No. 1 BuildingNo. 398 Yard, Zhongdong RoadDongxiaokou Town, Changping DistrictBeijing, PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 40/F, Dah Sing Financial Centre248 Queen’s Road EastWanchaiHong Kong 24840 HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong ir@haidilao.com INVESTOR RELATIONS E: ir@haidilao.com www.haidilao.com WEBSITEwww.haidilao.com 6862 STOCK CODEStock Exchange: 6862 Key Financial Highlights CONDENSED CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME Note:Core operating profit (non-IFRS measure) represents the profit for theperiod excluding the following: interest income, share of results ofassociates, share of result of a joint venture, gain on disposal of certainrestaurant business to franchisees, net foreign exchange gain (loss), netloss arising on financial assets at fair value through profit or loss andfinancial liabilities at fair value through profit or loss, gain arising fromredemption of long term bonds, finance costs and income tax expense. For the definition and reconciliation of the most directly comparableIFRS measure and the Group’s core operating profit (non-IFRSmeasure), please refer to “Management Discussion and Analysis – CoreOperating Profit (Non-IFRS Measure)” in this interim report. CONDENSED CONSOLIDATED STATEMENT OF FINANCIALPOSITION 2025 Interim Performance Review2025 FINANCIAL AND BUSINESS REVIEW In the first half of 2025, the catering market faced a complexenvironment characterized by intensified competition and evolvingconsumption needs. Haidilao steadfastly adhered to its coremanagement philosophy of “customer satisfaction and employeeefforts”, actively addressing market challenges. On the one hand,Haidilao continued to explore and innovate hot pot scenarios, developdistinctive products, refine operations, and strengthen supply chain anddigital capabilities, aiming to further optimize its products and services,as well as enhancing its differentiated brand advantages. On the otherhand, the Company steadily advanced its multi-brand strategy to seeknew paths for business growth. With the above initiatives, the Companymaintained its leading position in the industry and moved toward long-term sustainable development. 2025 202520,703.33.7%2,408.11 4 . 0 %1,754.613.7% In the first half of 2025, the Group achieved an operating revenue ofRMB20,703.3 million, representing a decrease of 3.7% as compared tothe same period of 2024. The Group’s core operating profit (non-IFRSmeasure) was RMB2,408.1 million, representing a decrease of 14.0%as compared to the same period of 2024. The Group’s profit wasRMB1,754.6 million, representing a decrease of 13.7% as compared tothe same period of 2024. The decrease in profit was due to a decreasein table turnover rate and initial adjustments to innovative models interms of products and scenarios. The Company considers that thedecrease in performance during this phase reflects that there is stilldeficiency in the management capabilities of the management. Asmanagement, we will continue to strive for improvement. 2025 Interim Performance Review2025 20256301,3631,29923412025253332025630141264670 The Group owned multiple restaurants brands. As of June 30, 2025,the Haidilao hot pot operated a total of 1,363 restaurants, amongwhich, 1,299 self-operated restaurants were located in mainlandChina and 23 in the Hong Kong, Macau and Taiwan regions, and 41were franchised restaurants. We continued to optimize the Haidilaorestaurant network, opening 25 new self-operated restaurants and 3franchised restaurants in the first half of 2025.