Haidilao International Holding (HKG:6862) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥42.8b (up 3.1% from FY 2023).
- Net income: CN¥4.71b (up 4.6% from FY 2023).
- Profit margin: 11% (in line with FY 2023).
- EPS: CN¥0.87 (up from CN¥0.83 in FY 2023).
6862 Sales Performance and Store Count
- Same store sales growth: 4.1% vs FY 2023.
- Total stores: 1,368 (up by 6 from FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Haidilao International Holding EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 5.8%.
The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of CN¥41.3b (96% of total revenue). Notably, cost of sales worth CN¥32.5b amounted to 76% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CN¥2.56b (47% of total expenses). Explore how 6862's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Hong Kong.
Performance of the Hong Kong Hospitality industry.
The company's shares are up 3.6% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Haidilao International Holding that you need to take into consideration.
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