特海国际控股有限公司2025年年度报告

CONTENTS 247 Definition Corporate Information BOARD OF DIRECTORS Chairperson and Non-executive DirectorMs. SHU Ping Executive Directors Ms. June YANG LijuanMr. LI YuMs. LIU Li Independent Non-executive Directors Mr. TAN Kang Uei, AnthonyMr. TEO Ser LuckMr. LIEN Jown Jing Vincent AUDIT COMMITTEE Mr. TEO Ser Luck(Chairperson)Mr. TAN Kang Uei, AnthonyMr. LIEN Jown Jing Vincent REMUNERATION COMMITTEE Mr. LIEN Jown Jing Vincent(Chairperson)Mr. TAN Kang Uei, AnthonyMr. TEO Ser LuckMs. SHU Ping NOMINATION COMMITTEE Ms. SHU Ping(Chairperson)Mr. TEO Ser LuckMr. LIEN Jown Jing VincentMr. TAN Kang Uei, Anthony JOINT COMPANY SECRETARIES Ms. QU CongMs. OH Sim Yee(appointed on March 31, 2026)Mr. CHENG Ching Kit(resigned on March 31, 2026) 20263 3120263 31 AUTHORIZED REPRESENTATIVES Ms. SHU PingMs. QU Cong AUDITOR Deloitte & Touche LLPPublic Accountants and Chartered Accountants6 Shenton Way, OUE Downtown 2 #33-00Singapore 068809 Deloitte & Touche LLP6 Shenton Way, OUE Downtown 2 #33-00Singapore 068809 LEGAL ADVISOR 1526 Kirkland & Ellis26/F, Gloucester TowerThe Landmark15 Queen’s Road CentralHong Kong REGISTERED OFFICE Cricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket SquareHutchins DrivePO Box 2681Grand Cayman, KY1-1111Cayman Islands Corporate Information HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS INSINGAPORE 1 Paya Lebar Link#09-04PLQ 1 Paya Lebar QuarterSingapore 408533 1 Paya Lebar Link#09-04PLQ 1 Paya Lebar QuarterSingapore 408533 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 24840 40th FloorDah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong superhi_ir@superhi-inc.com INVESTOR RELATIONS Email: superhi_ir@superhi-inc.com www.superhiinternational.com WEBSITE www.superhiinternational.com 9658 HONG KONG STOCK EXCHANGE STOCK CODE 9658 NASDAQ TICKER SYMBOL HDL HDL CONDENSED CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME Chairperson’s Statement 20251231 I am pleased to present our annual report for the year ended December31, 2025 to the Shareholders. 2025 In 2025, the global economic environment continued to evolve, withconsumer confidence and cost structures diverging across regions.Against this backdrop, the Group remained committed to prioritizingcustomer value and employee stability as the core of its operations andcontinued to implement its “Dual Focus on Employees and Customers()” management philosophy. By proactivelysharing benefits with employees and customers, the Group steadilydeepened its organizational capabilities and broadened its customerbase, supporting long-term and sustainable growth. For the year ended December 31, 2025, the Group recorded revenue ofUS$840.8 million, reflecting an 8.0% increase from US$778.3 million forthe year ended December 31, 2024. The Group recorded income fromoperation of US$37.4 million, down from US$53.3 million in the sameperiod of 2024. Net profit after tax was US$36.3 million, representingan increase of 69.6% compared to US$21.4 million in the same periodof 2024, partly driven by favourable foreign exchange movements. 20251231840.820241231778.38.0%37.4202453.336.3202421.469.6% 20253.94.020240.12.9%8.7%20241.4 During the year, the Group continued to strengthen the managementand operational efficiency of its Haidilao restaurants. In 2025, theoverall average table turnover rate of Haidilao restaurants was 3.9times per day, and the overall average same-store table turnoverrate reached 4.0 times per day, both representing an increase of 0.1times per day compared to the same period in 2024, with same-storerevenue increasing by 2.9% year-on-year. The Haidilao restaurantlevel operating margin stood at 8.7%, representing a decrease of 1.4percentage points from the same period in 2024. 2025132025123193202512311412671212212 In terms of restaurant network, the Group continuously reviews andrefines its operations, taking a bottom-up approach to evaluatingexisting stores and potential sites globally, supporting stable growthand operational excellence. Throughout 2025, the Group continuedto optimize its store network, opening a total of 13 new Haidilaorestaurants and adjusting the Group’s restaurant portfolio based onindividual store performance and lease terms. As of December 31,2025, the Group closed a total of 9 Haidilao restaurants, 3 of whichwere converting into secondary branded restaurants. As of December31, 2025, the Group operated 126 Haidilao restaurants in 14 countries,of which 71 were located in Southeast Asia, 21 in East Asia, 22 in NorthAmerica, and 12 in other regions. Chairperson’s Statement 202512311331.8202419.761.4% At the same time, the Group continued to explore the development ofdiverse business concepts and strengthened resource investmentsin the “Pomegranate Plan”. As