Welcome to our dedicated page for Super Hi International Holding news (Ticker: HDL), a resource for investors and traders seeking the latest updates and insights on Super Hi International Holding stock.
Super Hi International Holding Ltd. reports developments tied to its Haidilao hot pot restaurant operations in international markets. News commonly covers unaudited quarterly and annual results, restaurant openings and closures, network optimization, guest visits, table turnover, same-store sales, operating costs and earnings calls for its Nasdaq-listed ADSs and Hong Kong-listed ordinary shares.
Company updates also include annual general meeting materials, annual report filings, shareholder voting arrangements and other governance matters for the Cayman Islands holding company and its subsidiaries.
Super Hi International Holding (NASDAQ: HDL, HKEX: 9658) announced the appointment of Ms. Yang Lijuan as the new CEO and executive director, effective July 1, 2024. Ms. Yang, known for her extensive experience with Haidilao International, helped navigate the company through the pandemic and achieved a net profit of 4.495 billion yuan in 2023. Her leadership and strategic insights are expected to strengthen Super Hi's operations and drive growth. Mr. Li Yu, the outgoing CEO, will remain as a senior regional manager and executive director. Additionally, Mr. Wang Jinping has resigned as executive director and COO to focus on new business incubation. These changes are aimed at bolstering the company's leadership and strategic direction.
Super Hi International Holding (NASDAQ: HDL and HKEX: 9658), operating Haidilao hot pot restaurants, announced its unaudited financial results for Q1 2024. Revenue increased by 16.6% to $187.6 million, with Haidilao operations contributing $180.3 million. The company opened 4 new restaurants, totaling 119. Guest visits rose by 21.7% to 7.3 million, while same-store sales grew by 10%. However, income from operations margin declined to 6.6% from 7%. Operational costs and staff expenses also increased, leading to a net loss of $4.5 million compared to a $5.6 million income in Q1 2023. Basic and diluted net loss per share were $0.01. Super Hi successfully listed on Nasdaq in May 2024, raising $60.57 million from an offering of ADSs.