Haidilao International Holding (6862) AI Stock Analysis

• Market Cap: HK$87.73B
• Dividend Yield: 5.78%
• Average Volume (3M): 23.76M
• Price to Earnings (P/E): 17.8
• Beta (1Y): 1.17
• Revenue Growth: -4.96%
• EPS Growth: 4.93%
• Country: HK
• Employees: 137,178
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): 0.36
• Shares Outstanding: 5,574,000,000
• 10 Day Avg. Volume: 21,015,791
• 30 Day Avg. Volume: 23,760,379
• PEG Ratio: 3.56
• Price to Book (P/B): 7.75
• Price to Sales (P/S): 1.89
• P/FCF Ratio: 12.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$18.17
• Price Target Upside: 15.41% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: HK$18.00 ▲(14.36% Upside)

The score is driven primarily by strong financial performance (improving profitability and a solid balance sheet), supported by bullish technical trend signals. Valuation is also favorable due to a strong dividend yield and reasonable P/E, while missing cash flow detail limits confidence and prevents a higher score.

Positive Factors

Improving profit margins

Sustained margin expansion across gross, EBIT and EBITDA levels indicates structural operational improvements and pricing or cost discipline. Higher core margins enhance resilience to food-cost inflation, support reinvestment and dividend capacity, and make earnings less dependent on sales volatility.

High ROE and healthy equity position

A very strong ROE and a healthy equity ratio signal efficient use of shareholder capital and a solid balance sheet. Moderate leverage provides room to finance expansion or weather downturns without over-reliance on debt, supporting sustainable growth and shareholder returns over the medium term.

Strong free cash flow growth

Material FCF growth shows improving cash conversion and operating cash generation capability. Robust free cash flow underpins dividends, store refurbishment and selective expansion while enabling debt reduction, providing durable financial flexibility even if top-line growth slows.

Negative Factors

Cash flow transparency gaps

Missing key 2024 cash flow ratios weakens visibility into earnings quality and working-capital dynamics. Without clear OCF-to-net-income metrics, it's harder to confirm that reported profits convert to cash, raising concern about the durability of earnings and liquidity under stress scenarios.

Revenue growth metric shows weakness

A negative revenue growth indicator suggests potential top-line pressure or data inconsistency. If revenue is contracting, margin gains may stem from cost cuts rather than sustainable demand expansion, limiting long-term scalability and increasing sensitivity to competitive or market-share shifts.

Concentration on dine-in revenue

Heavy reliance on dine-in receipts exposes the business to structural shifts in consumer behavior, local restrictions, or mobility trends. While delivery exists, slower secular moves away from full-service dining could depress throughput and returns on fixed restaurant assets over the medium term.

Haidilao International Holding Business Overview & Revenue Model

Company Description

Haidilao International Holding Ltd., an investment holding company, engages in the restaurant chain operation and delivery businesses. It operates a Haidilao branded Chinese cuisine restaurant that focuses on hot pot cuisine. The company is also involved in the sale of condiment products and food ingredients; logistics and wholesale trade activities; management consultation; financial management; provision of food research, development, and technology services; and trading businesses. As of December 31, 2021, it owned and operated 1,443 restaurants, which included 1,329 restaurants in Mainland China, as well as 114 restaurants in Hong Kong, Macao, Taiwan, Singapore, Vietnam, Malaysia, Indonesia, South Korea, Japan, the United Kingdom, the United States, Canada, and Australia. The company was incorporated in 2015 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

Haidilao generates revenue primarily through the sales of food and beverages in its restaurants. The company operates a direct-to-consumer model, allowing it to capture the full value of its offerings. Key revenue streams include dine-in services, takeaway orders, and, more recently, online food delivery options. Additionally, Haidilao benefits from its strong brand recognition and customer loyalty, which contribute to high table turnover rates and repeat business. Partnerships with food suppliers and logistics companies also play a role in ensuring a consistent supply of fresh ingredients, enhancing the dining experience. Overall, the company's focus on quality, service, and customer satisfaction has been instrumental in driving its financial success.

Haidilao International Holding Financial Statement Overview

Summary

Haidilao International Holding shows strong financial performance with significant revenue growth and improved profitability margins. The balance sheet is solid with moderate leverage and high ROE. However, cash flow analysis is limited due to missing data, posing challenges in liquidity assessment.

Income Statement

Haidilao International Holding exhibited strong revenue growth with a 3.14% increase from 2023 to 2024. The gross profit margin improved to 24.65%, and the net profit margin increased to 11.01%, highlighting enhanced profitability. EBIT and EBITDA margins also showed significant strength at 24.05% and 19.34%, respectively, reflecting efficient operational management.

Balance Sheet

The company maintains a solid equity position with a debt-to-equity ratio of 0.59, indicating moderate leverage. The return on equity (ROE) improved to 45.11%, suggesting efficient use of shareholders' funds to generate profits. The equity ratio stands at 45.81%, reflecting a healthy balance between equity and total assets.

Cash Flow

Cash flow metrics are mixed. The operating cash flow to net income ratio is unavailable for 2024, but free cash flow growth showed strength with a 54.76% increase in 2023. The free cash flow to net income ratio is not calculable for 2024, indicating potential challenges in liquidity analysis.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.97B	42.75B	41.45B	31.04B	39.10B	28.61B
Gross Profit	10.23B	12.11B	9.44B	7.89B	8.26B	6.68B
EBITDA	7.73B	8.27B	9.13B	6.40B	2.06B	4.21B
Net Income	4.43B	4.71B	4.50B	1.37B	-4.16B	309.27M
Balance Sheet
Total Assets	21.12B	22.78B	24.68B	21.44B	28.02B	27.53B
Cash, Cash Equivalents and Short-Term Investments	9.07B	9.58B	11.36B	7.04B	6.50B	2.95B
Total Debt	5.88B	6.17B	7.30B	9.88B	14.93B	12.16B
Total Liabilities	11.55B	12.36B	13.16B	13.98B	20.09B	17.29B
Stockholders Equity	9.58B	10.43B	11.53B	7.44B	7.91B	10.23B
Cash Flow
Free Cash Flow	3.08B	6.33B	8.37B	5.30B	-663.18M	-3.16B
Operating Cash Flow	3.96B	7.63B	9.00B	6.15B	3.81B	2.92B
Investing Cash Flow	678.19M	-91.49M	-5.31B	-756.89M	-4.95B	-4.69B
Financing Cash Flow	-6.71B	-7.63B	-3.50B	-4.99B	4.31B	2.34B

Haidilao International Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6862, the sentiment is Positive. The current price of 15.74 is above the 20-day moving average (MA) of 14.52, above the 50-day MA of 13.99, and above the 200-day MA of 14.30, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 69.40 is Neutral, neither overbought nor oversold. The STOCH value of 78.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6862.

Haidilao International Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6862	77 Outperform	HK$87.73B	17.81	46.34%	5.78%	-4.96%	4.93%
9658	66 Neutral	HK$7.60B	47.33	5.60%	―	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0341	55 Neutral	HK$2.81B	20.74	5.05%	6.90%	-3.45%	-50.11%
9922	53 Neutral	HK$2.73B	57.99	1.38%	1.12%	-6.80%	-85.10%
2150	47 Neutral	HK$1.96B	-3.03	-14.61%	―	-11.19%	-22.98%

Haidilao International Holding Corporate Events

Haidilao Sets Out Board Line-Up and Committee Roles

Haidilao International Holding Ltd. has announced the current composition of its board of directors, led by chairman and executive director Zhang Yong and vice chairman and executive director Zhou Zhaocheng, alongside a slate of executive and independent non-executive directors. The company has also detailed the membership and leadership structure of its four key board committees—Audit, Remuneration, Nomination and Corporate Governance—clarifying which directors serve on and chair each committee, a move that enhances transparency around governance and oversight arrangements for shareholders and other stakeholders.

The most recent analyst rating on (HK:6862) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on Haidilao International Holding stock, see the HK:6862 Stock Forecast page.

Haidilao Reshapes Top Management as Chairman Zhang Yong Takes Over CEO Role

Haidilao International Holding has announced a significant reshuffle of its top management, effective 13 January 2026, including the resignation of executive director and chief executive officer Gou Yiqun, as well as executive directors Song Qing and Gao Jie, as part of an adjustment to the board’s composition to support the company’s strategic development. While the three departing directors will remain in key management roles within the group, including Gou leading initiatives in intelligent and automated management processes and Song continuing as president of the product committee, the board has appointed four new executive directors—Li Nana, Zhu Yinhua, Jiao Defeng and Zhu Xuanyi—and named chairman Zhang Yong as the new chief executive officer, consolidating leadership despite a formal deviation from Hong Kong’s corporate governance code calling for separation of the two roles. The company argues that strong board independence, existing checks and balances, and collective decision-making on key strategies will preserve governance integrity, and it has added Li Nana to the nomination committee while committing to ongoing review of its governance structure, signaling continuity of strategic direction with tighter alignment between board leadership and executive management.

The most recent analyst rating on (HK:6862) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on Haidilao International Holding stock, see the HK:6862 Stock Forecast page.