Tehai International (09658) announced annual results for the year ended December 31, 2023. The group achieved revenue of US$686 million during the period, an increase of 22.95% over the previous year; profit attributable to shareholders of US$25.653 million; loss attributable to shareholders of US$41.248 million for the same period of the previous year; turned a year-on-year loss into profit; and basic profit of US$0.05 per share.
According to the announcement, in 2023, the Group's revenue from Haidilao restaurant operations was US$661 million, an increase of 21.2% over US$546 million in 2022. This increase is mainly due to the continued recovery of the international market service industry as a whole; due to the Group's extensive efforts, the operating performance of Haidilao Restaurant has improved, and the turnover rate and customer traffic have increased; and the Group's business continued to expand in 2023.