Haidilao Tastes Profit Success With Budget Hotpot Chain

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Jag_cz/iStock via Getty Images The Chinese restaurant sector is continuing a run of upbeat results and earnings forecasts, with hotpot giant Haidilao saying its profits surged last year. As China’s dining-out industry rebounds from the depths of the pandemic, the hotpot chain Haidilao International Holdings Ltd. (OTCPK:HDALF) (6862.HK) has come to the table with a forecast of surging annual profits. The earnings for last year, once finalized, will add to a banquet of appetizing results from popular restaurant brands that have made it through the Covid crisis. Earlier this month, the operator of China’s Pizza Hut and KFC outlets, Yum...