Haidilao International, China's major hot pot restaurant chain, saw its shares surge 7% in the Hong Kong stock market today, following its first-half results showing delivery business revenue more than doubled. Total revenue for the first six months of 2026 rose 7.9% year-on-year to 22.34 billion yuan, while core operating profit increased 4.4% to 2.51 billion yuan. The delivery business was the fastest-growing segment, with revenue up 121.2% year-on-year to 2.05 billion yuan, driven by rapid growth in single-serve meal sales and the company's expansion of its delivery network through additional local service points. Revenue from Haidilao restaurants, the core business accounting for 79.9% of total revenue, fell 4% to 17.84 billion yuan due to a reduction in the number of company-operated stores. Meanwhile, revenue from other restaurant brands surged 113.1% to 1.27 billion yuan, attributed to the development of new brands under the Pomegranate Plan, which aims to experiment with new restaurant business models such as camping hot pot and late-night hot pot. As of the end of June, the company operated 1,389 Haidilao-branded restaurants and 183 restaurants under other brands, covering 21 brands.
