Haidilao International (06862.HK) saw its stock price surge 5.06% in pre-market trading on Wednesday, following the release of its impressive 2024 financial results late Tuesday. The Chinese restaurant operator reported significant growth in its delivery business and other restaurant operations, contributing to an overall increase in both revenue and net profit.
According to the company's financial report, Haidilao's full-year net profit rose 4.6% to 4.71 billion yuan ($649 million), while total revenue increased by 3.1% to 42.75 billion yuan. The standout performers were the delivery business, which saw a 20% revenue increase to 1.25 billion yuan, and other restaurant operations, which experienced a remarkable 40% jump in revenue to 483.3 million yuan.
Looking ahead, Haidilao plans to focus on strategic acquisitions of high-quality assets to diversify its catering business patterns and customer base. The company also announced a final cash dividend of 0.507 Hong Kong cents (7 U.S. cents) per share for 2024, further boosting investor confidence in the stock.
