Haidilao's revenue in 2025 slightly increased by 1.1%, with delivery business surging by 111.9% to 2.658 billion yuan.

Why has the AI takeaway business achieved over 100% growth, and what are the driving factors behind it?

On March 24, Haidilao (06862) released its annual performance announcement for the year ending December 31, 2025. The company’s revenue during the reporting period was 43.225 billion yuan, a year-on-year increase of 1.1%. However, restaurant operating income was 39.064 billion yuan, a year-on-year decrease of 4.5%. The pre-tax profit was 5.812 billion yuan, a year-on-year decrease of 12.3%; the annual profit was 4.042 billion yuan, a year-on-year decrease of 14%. The decline in annual profit was mainly affected by the decrease in table turnover rate and adjustments in product and scenario innovation models. The core operating profit was 5.403 billion yuan, a year-on-year decrease of 13.3%.

In the management discussion and analysis section, it was mentioned that the company is implementing a multi-brand parallel strategy and has launched several new dining brands. The takeaway business performed exceptionally well during the reporting period, with revenue reaching 2.658 billion yuan, a year-on-year increase of 111.9%, demonstrating the significant contribution of the rapid growth of the takeaway business to overall revenue. In addition, regarding restaurant performance, the average table turnover rate for self-operated Haidilao restaurants was 3.9 times/day, down from 4.1 times/day the previous year.

In terms of the company’s business segments, the number of self-operated restaurants was 1,304, a year-on-year decrease; the number of franchised restaurants was 79, a year-on-year increase, indicating the rapid expansion of the franchising business. Overall, the company is showing a trend of significant business changes in the advancement of its multi-brand strategy and the rapid growth of its takeaway business.