Haidilao International Holding Ltd. provided earnings guidance for the year ended December 31, 2021. For the period, the company expected to record a net loss for the year ended December 31, 2021 of approximately RMB 3.8 billion to RMB 4.5 billion, as compared to the net profit of the Group for the year ended December 31, 2020 of approximately RMB 309.5 million. The revenue of the Group is expected to exceed RMB 40 billion in 2021, representing an increase of over 40%, as compared to the revenue of approximately RMB 28.6 billion in 2020.