Haidilao International Holding Ltd. provided unaudited earnings guidance for the year ended December 31, 2023. For the period, the revenue of the Group from continuing operations for the year ended December 31, 2023 is expected to be no less than RMB 41.40 billion, representing an increase of no less than 33.3% as compared to the revenue from continuing operations of approximately RMB 31.04 billion for the year ended December 31, 2022 . Such increase was mainly due to the increase in customer flow and the improved operating performance of Haidilao restaurants as a result of the lifting of the COVID-19 pandemic control measures and the recovery of the economy.

The Group is expected to record a net profit from continuing operations of no less than RMB 4.40 billion for the year ended December 31, 2023, as compared to the net profit from continuing operations of approximately RMB 1.64 billion for the year ended December 31, 2022. Such increase was mainly attributable to the increase in the table turnover rate of Haidilao restaurants and the enhanced operational efficiency. Due to exchange rate fluctuations, the Group recorded a net foreign exchange gain of approximately RMB 192.5 million in the first half of 2023 and incurred net foreign exchange losses in the second half of 2023.

Eliminating the impact of foreign exchange gains and losses, the net profit for the Group for the second half of 2023 is expected to increase by no less than 10.0% as compared with the first half of 2023.