Key Takeaways:
Super Hi International Holding Ltd. (9658.HK) reported a 14.2 percent increase in first-quarter revenue to $225.9 million, though net profit was eroded by currency fluctuations.
"Our ‘Dual Focus on Employees and Customers’ has continued to drive improvements in Haidilao restaurants operational performance," Mr. Li Yu, CEO & Executive Director of Super Hi, said in a statement. "With steady growth in guest visits, Haidilao restaurants achieved an overall average table turnover rate of 4.0 times per day this quarter."
Despite the revenue growth, net profit for the quarter ended March 31 fell 65.7 percent year-over-year to $4.1 million. The decline was primarily driven by a $11.7 million increase in net foreign exchange losses compared to the same period in 2025. In contrast, income from operations surged 70.7 percent to $14.0 million as the operating margin expanded to 6.2 percent from 4.1 percent a year prior.
Shares in Super Hi rose more than 7 percent as investors focused on strong operational metrics over the currency-related profit decline. The company's same-store sales grew 4.0 percent, and the overall table turnover rate improved to 4.0 times per day from 3.9 a year ago, signaling healthy customer traffic at its Haidilao hot pot restaurants.
The revenue growth was supported by solid performance across most regions. Southeast Asia, the company's largest market, saw revenue from same-stores increase to $94.3 million from $88.7 million. The company operated a total of 127 restaurants globally as of the quarter's end, up from 123 a year earlier.
Super Hi also demonstrated improved efficiency. Staff costs as a percentage of revenue decreased to 34.0 percent from 35.3 percent in the first quarter of 2025. Raw material costs remained stable at 33.9 percent of revenue.
The results indicate that Super Hi's focus on operational efficiency is yielding positive results, though its bottom line remains exposed to macroeconomic factors like currency volatility. Investors will watch for whether the strong top-line growth and operational leverage can continue to offset external financial pressures in the upcoming quarters.
This article is for informational purposes only and does not constitute investment advice.
