Haidilao reported the Chinese hotpot chain's net profit dropped 14% to CNY1.8 billion (USD244 million) in the first half from a year ago, while revenue fell 3.7% to CNY20.7 billion (USD2.9 billion). It ran 1,363 restaurants in China as of June 30, down from 1,384 compared with the previous reporting period due to underperformance.