Haidilao: epidemic impact 2020 net profit plummeting 90%

On the evening of March 1, Haidilao issued an announcement stating that its net profit in 2020 is expected to fall by 90% year-on-year. Haidilao said that the group expects that its net profit for the year ended December 31, 2020 will be about 90% lower than the group’s net profit of approximately RMB 2.347 billion for the year ended December 31, 2019. As for the citing of the plummeting performance, Haidilao said that it is related to…

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