In the evening of March 23, Haidilao released its 2020 full-year results financial report. The financial report shows that for the full year of 2020, Haidilao realized revenue of 28.6 billion yuan, up 7.8% year-on-year. Full-year net profit of 309.3 million yuan. Customer spending per capita rose to 110.1 yuan in 2020 from 105.2 yuan in 2019.

For the full year of 2020, Haidilao opened 544 new stores (an average of 1.49 new stores per day), increasing its global store network to 1,298, of which 1,205 are located in mainland China and 93 are located outside mainland China.

Expanded Information

Haidilao's total number of employees exceeded 130,000

In 2020, Haidilao's total number of employees exceeded 130,000 people. Since the third quarter of 2020, Haidilao has comprehensively raised the standard of basic wages for front-line employees in stores, including piece-rate wage units and the standard of employees' base salaries. Depending on different cities across the country, the basic wage standard is adjusted to increase from 200 yuan to 1,600 yuan per month.

The results announcement showed that as of December 31, 2020, Haijialao*** had 131,084 employees,*** incurred employee costs (including salaries, wages, allowances and benefits) of 9.676 billion yuan .