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Haidilao International Holding Ltd. logo

Haidilao International Holding Ltd.

6862.HK

HKSEConsumer CyclicalRestaurants

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Latest quote

HK$11.41

+HK$0.20 · +1.78%

Aug 25, 4:08 PM HKT

6862.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Haidilao International Holding Ltd. functions as an investment holding company, primarily focusing on its renowned Haidilao-branded restaurant chain, which specializes in Chinese hot pot cuisine, and extending its services to food delivery. The enterprise also broadens its activities to include the sale of condiment products and food ingredients, logistics, wholesale trade, management advisory, financial administration, food research and development, technological services, and various trading ventures. As of December 31, 2021, Haidilao maintained a significant global presence with 1,443 restaurants in operation. This extensive network comprised 1,329 establishments situated across Mainland China, complemented by 114 international outlets located in Hong Kong, Macao, Taiwan, Singapore, Vietnam, Malaysia, Indonesia, South Korea, Japan, the United Kingdom, the United States, Canada, and Australia. The company was established in 2015 and has its corporate headquarters in Beijing, People's Republic of China.

Industry
Restaurants
Sector
Consumer Cyclical
Headquarters
CN
CEO
Yong Zhang
Listed since
Sep 26, 2018
Employees
125,620

Market position

Day range

Current HK$11.41

52-week range

Current HK$11.41

Open
HK$11.35
Previous close
HK$11.21
Volume
19.72M
1.28× average
Average volume
15.39M
Average daily volume
Market cap
61.79B HKD
Beta
0.72
Market reference 1
50-day average
HK$11.4426
-0.28% below average
200-day average
HK$14.0427
-18.75% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
68.53B CNY
P/E (TTM)
13.4×
P/B (TTM)
5.29×
P/S (TTM)
1.24×
EV / EBITDA
9.83×
Earnings yield
5.69%
Free cash flow yield
5.78%
Dividend yield
6.33%

Profitability & efficiency

Gross margin
22.61%
Operating margin
16.57%
Net margin
9.36%
Return on equity
39.38%
Return on assets
17.85%
Return on invested capital
20.98%

Financial health

Debt / equity
0.59×
Current ratio
1.32×
Altman Z-score
8.85
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%17%1%-15%Gross margin, FY2021: 21.13%Gross margin, FY2022: 25.43%Gross margin, FY2023: 22.76%Gross margin, FY2024: 28.32%Gross margin, FY2025: 22.21%Operating margin, FY2021: 14.14%Operating margin, FY2022: 19.57%Operating margin, FY2023: 21.69%Operating margin, FY2024: 14.15%Operating margin, FY2025: 11.50%Net margin, FY2021: -10.64%Net margin, FY2022: 4.43%Net margin, FY2023: 10.85%Net margin, FY2024: 11.01%Net margin, FY2025: 9.37%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 21.13%. Gross margin FY2022 25.43%. Gross margin FY2023 22.76%. Gross margin FY2024 28.32%. Gross margin FY2025 22.21%. Operating margin FY2021 14.14%. Operating margin FY2022 19.57%. Operating margin FY2023 21.69%. Operating margin FY2024 14.15%. Operating margin FY2025 11.50%. Net margin FY2021 -10.64%. Net margin FY2022 4.43%. Net margin FY2023 10.85%. Net margin FY2024 11.01%. Net margin FY2025 9.37%.

Income trends

Revenue

42.11B CNY-1.52%

Operating income

4.84B CNY-19.92%

Net income

3.95B CNY-16.21%
Income trends across reported periods47.45B CNY28.68B CNY9.91B CNY−8.85B CNYRevenue, FY2021: 39.1B CNYRevenue, FY2022: 31.04B CNYRevenue, FY2023: 41.45B CNYRevenue, FY2024: 42.75B CNYRevenue, FY2025: 42.11B CNYOperating income, FY2021: 5.53B CNYOperating income, FY2022: 6.07B CNYOperating income, FY2023: 8.99B CNYOperating income, FY2024: 6.05B CNYOperating income, FY2025: 4.84B CNYNet income, FY2021: −4.16B CNYNet income, FY2022: 1.37B CNYNet income, FY2023: 4.5B CNYNet income, FY2024: 4.71B CNYNet income, FY2025: 3.95B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 39.1B CNY. Revenue FY2022 31.04B CNY. Revenue FY2023 41.45B CNY. Revenue FY2024 42.75B CNY. Revenue FY2025 42.11B CNY. Operating income FY2021 5.53B CNY. Operating income FY2022 6.07B CNY. Operating income FY2023 8.99B CNY. Operating income FY2024 6.05B CNY. Operating income FY2025 4.84B CNY. Net income FY2021 −4.16B CNY. Net income FY2022 1.37B CNY. Net income FY2023 4.5B CNY. Net income FY2024 4.71B CNY. Net income FY2025 3.95B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue42.11B CNY42.75B CNY41.45B CNY31.04B CNY39.1B CNY
Cost of goods sold32.76B CNY30.65B CNY32.02B CNY23.15B CNY32.85B CNY
Gross profit9.35B CNY12.11B CNY9.44B CNY7.89B CNY8.26B CNY
Research and development—460.03M CNY—140.99M CNY125.27M CNY
Selling, general, and administrative592.31M CNY499.82M CNY444.75M CNY285.62M CNY353.76M CNY
Operating expenses4.51B CNY717.43M CNY444.75M CNY285.62M CNY7.99B CNY
Interest income263.68M CNY382.93M CNY223.96M CNY115.68M CNY27.78M CNY
Interest expense232.04M CNY274.68M CNY351.43M CNY473.88M CNY582.74M CNY
Depreciation and amortization2.13B CNY2.18B CNY2.95B CNY3.81B CNY4.55B CNY
Operating income4.84B CNY6.05B CNY8.99B CNY6.07B CNY5.53B CNY
Net income3.95B CNY4.71B CNY4.5B CNY1.37B CNY−4.16B CNY

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
+7.81%
11 comparable reports
Latest EPS result
0.38
Estimate 0.39 · Miss by 2.93%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.560.450.340.23Q2 '23BeatQ4 '23MissQ3 '24MissQ1 '25BeatQ3 '25MissQ1 '26BeatQ3 '26MissQ1 '27Estimate
Q2 2023, reported Jun 30, 2023: actual 0.451, estimate 0.27, surprise +66.91%, Beat. Q4 2023, reported Dec 31, 2023: actual 0.458, estimate 0.462, surprise -0.87%, Miss. Q3 2024, reported Aug 27, 2024: actual 0.408, estimate 0.418, surprise -2.56%, Miss. Q1 2025, reported Mar 25, 2025: actual 0.522, estimate 0.437, surprise +19.51%, Beat. Q3 2025, reported Aug 25, 2025: actual 0.348, estimate 0.381, surprise -8.59%, Miss. Q1 2026, reported Mar 24, 2026: actual 0.467, estimate 0.445, surprise +4.99%, Beat. Q3 2026, reported Aug 25, 2026: actual 0.381, estimate 0.392, surprise -2.93%, Miss. Q1 2027, reported Mar 30, 2027: actual —, estimate 0.454, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates29.03B25.79B22.55B19.31BQ2 '23MissQ4 '23BeatQ3 '24MissQ1 '25MissQ3 '25BeatQ1 '26BeatQ3 '26MissQ1 '27Estimate
Q2 2023, reported Jun 30, 2023: actual 20.42B HKD, estimate 20.83B HKD, surprise -1.94%, Miss. Q4 2023, reported Dec 31, 2023: actual 24.98B HKD, estimate 24.46B HKD, surprise +2.13%, Beat. Q3 2024, reported Aug 27, 2024: actual 23.08B HKD, estimate 23.93B HKD, surprise -3.54%, Miss. Q1 2025, reported Mar 25, 2025: actual 22.62B HKD, estimate 23.51B HKD, surprise -3.78%, Miss. Q3 2025, reported Aug 25, 2025: actual 22.65B HKD, estimate 22.26B HKD, surprise +1.78%, Beat. Q1 2026, reported Mar 24, 2026: actual 25.06B HKD, estimate 24.61B HKD, surprise +1.85%, Beat. Q3 2026, reported Aug 25, 2026: actual 25.77B HKD, estimate 26.2B HKD, surprise -1.64%, Miss. Q1 2027, reported Mar 30, 2027: actual —, estimate 27.92B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.845

2025 complete year-30.5% since 2024

2026 partial: HK$0.384

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 21, 2026

HK$0.384

Semi-Annual

Record May 22, 2026 · Payment Jun 18, 2026

Dividend

Ex-dividend Sep 5, 2025

HK$0.338

Semi-Annual

Record Sep 8, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend May 21, 2025

HK$0.507

Semi-Annual

Record May 22, 2025 · Payment Jun 19, 2025

Dividend

Ex-dividend Sep 9, 2024

HK$0.391

Semi-Annual

Record Sep 10, 2024 · Payment Oct 2, 2024

Dividend

Ex-dividend Jun 7, 2024

HK$0.824

Semi-Annual

Record Jun 11, 2024 · Payment Jul 5, 2024

Dividend

Ex-dividend Jun 9, 2023

HK$0.116

Semi-Annual

Record Jun 12, 2023 · Payment Jul 4, 2023

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ETFs holding 6862.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
34.89M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.865+0.76%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
33.37M
Weight
0.02%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.475+0.84%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
26.04M
Weight
0.02%
AUM
158.05B USD
Expense ratio
0.09%
Price / 1D
$81.575+1.35%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
11.89M
Weight
0.04%
AUM
27.58B USD
Expense ratio
0.33%
Price / 1D
$94.355+1.34%
WisdomTree Emerging Markets High Dividend Fund logoWisdomTree Emerging Markets High Dividend FundDEM
Market value
7.22M
Weight
0.19%
AUM
4.11B USD
Expense ratio
0.63%
Price / 1D
$55.43+0.64%
iShares MSCI China ETF logoiShares MSCI China ETFMCHI
Market value
6.03M
Weight
0.10%
AUM
6.22B USD
Expense ratio
0.59%
Price / 1D
$55.015+0.15%
iShares MSCI Emerging Markets ETF logoiShares MSCI Emerging Markets ETFEEM
Market value
5.97M
Weight
0.02%
AUM
30.71B USD
Expense ratio
0.72%
Price / 1D
$66.975+1.31%
Pacific North of South EM Equity Active ETF logoPacific North of South EM Equity Active ETFGEME
Market value
5.78M
Weight
1.25%
AUM
366.05M USD
Expense ratio
0.75%
Price / 1D
$42.42+1.13%

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