Lei Jianping reported on November 12
Haidilao today announced that on 12 November 2021, the Company, the Vendor and the Placing Agent entered into an agreement pursuant to which the Vendor agreed to place 115 million existing Shares on a benchmark basis at a placing price of HK$20.43 per share.
The vendor is Shu Ping, wife of Haidilao's founder, chairman, executive director and chief executive officer Daniel Zhang. However, Shu Ping's move is not for personal cash-out.
Haidilao said that the net amount of the fundraising was HK$2.337 billion, of which HK$700 million was used to enhance supply chain management and product development capabilities, HK$700 million was used to repay bank loan financing, and HK$935 million was used for the Group's working capital and general corporate purposes.
Prior to the transaction, Daniel Zhang's ZY NP Ltd. held 25.64% of the shares and NP United Holding held 33.01%, Shi Yonghong and Li Haiyan's SYH NP Ltd. held 7.96% and LHY NP Ltd. held 6.15%.
After the transaction, ZY NP Ltd. holds 25.11% of the shares and NP United Holding holds 32.33%, SYH NP Ltd. of Shi Yonghong and Li Haiyan holds 7.79% of the shares and LHY NP Ltd. holds 6.03%.
Haidilao "can't move"
It is worth noting that the once hot Haidilao will "not be able to fish" in 2021.
Haidilao has just issued an announcement that it will gradually close about 300 stores that do not meet expectations by December 31, 2021, saying that it is due to the company's rapid expansion strategy formulated in 2019.
The specific performance is as follows:
1, some stores have made mistakes in site selection;
2, so that managers at all levels can not understand and exhausted organizational structure changes;
3, the number of excellent store managers is insufficient;
4, excessive belief in the KPI indicators of the interests of the connection, as well as the lack of corporate culture construction.
Haidilao claimed that there would be no layoffs in closing the store, and the company would properly settle the staff and management of the store within the group.
Store operations did not meet management expectations
Haidilao's store operations in the first half of the year did not meet management expectations, and announced a dismal financial report.
According to the financial report, Haidilao's revenue in the first half of 2021 was 20.094 billion yuan, compared with 9.76 billion yuan in the same period of the previous year; the profit during the period was 96.51 million, and the loss in the same period of the previous year was 965 million.
The total number of restaurants in Haidilao in the first half of 2021 was 1597, compared with 935 in the same period last year; the average turnover rate was 3%, compared with 3.3% in the same period last year; the average consumption of customers was 107 yuan, compared with 112.8 yuan in the same period last year.
Haidilao's key data, the average turnover rate and per capita consumption of customers, have declined.
Since March 2021, Haidilao's market value has evaporated by more than HK$200 billion, and the current market value is about HK$121.2 billion.
———————————————
Lei Di was founded by veteran media person Lei Jianping, if reprinted, please indicate the source.