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Haidilao International Holding
(6862)
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Rating:68Neutral
Price Target:
HK$12.50
▼(-16.50% Downside)
Action:Downgraded
Date:04/27/26
The score is driven primarily by solid financial recovery and a de-risked balance sheet, supported by an attractive dividend yield and reasonable P/E. These positives are tempered by weakening 2025 margins/cash conversion and currently soft technical momentum.
Positive Factors
Strong revenue rebound
A 33.3% revenue rebound in 2025 signals durable restoration of dine-in demand and customer traffic for Haidilao's core hot-pot model. Sustained top-line growth across periods increases scale, supports unit-level margins over time, and underpins investment in service and network expansion.
Negative Factors
Margin compression
Recent declines in gross and operating margins point to structural cost or pricing pressure risks. If higher input, labor or occupancy costs persist, operating profitability and long-term return on invested capital could be constrained, limiting cash available for growth and returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue rebound
A 33.3% revenue rebound in 2025 signals durable restoration of dine-in demand and customer traffic for Haidilao's core hot-pot model. Sustained top-line growth across periods increases scale, supports unit-level margins over time, and underpins investment in service and network expansion.
Read all positive factors
Haidilao International Holding (6862) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$64.99B
Dividend Yield5.78%
Average Volume (3M)23.76M
Price to Earnings (P/E)13.8
Beta (1Y)1.10
Revenue Growth1.16%
EPS Growth-13.86%
CountryHK
Employees125,620
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.73
Shares Outstanding5,574,000,000
10 Day Avg. Volume21,015,791
30 Day Avg. Volume23,760,379
Financial Highlights & Ratios
PEG Ratio-1.09
Price to Book (P/B)6.92
Price to Sales (P/S)1.65
P/FCF Ratio17.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$17.35Price Target Upside15.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.83
Revenue Forecast (FY)HK$46.28B
Haidilao International Holding Business Overview & Revenue Model
Company Description
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 en...
How the Company Makes Money
Haidilao primarily makes money by selling food and beverages to customers in its self-operated Haidilao hot pot restaurants. Its core revenue stream is dine-in restaurant revenue, which is driven by guest traffic (table turnover/visits), average s...
Haidilao International Holding Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
72
Positive
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 42.11B | 42.75B | 41.45B | 31.04B | 39.10B |
| Gross Profit | 9.35B | 12.11B | 9.44B | 7.89B | 8.26B |
| EBITDA | 6.97B | 8.27B | 9.13B | 6.40B | 2.06B |
| Net Income | 3.95B | 4.71B | 4.50B | 1.37B | -4.16B |
Balance Sheet | |||||
| Total Assets | 22.10B | 22.78B | 24.68B | 21.44B | 28.02B |
| Cash, Cash Equivalents and Short-Term Investments | 9.34B | 9.58B | 11.36B | 7.04B | 6.50B |
| Total Debt | 5.94B | 6.17B | 7.30B | 9.88B | 14.93B |
| Total Liabilities | 12.09B | 12.36B | 13.16B | 13.98B | 20.09B |
| Stockholders Equity | 10.02B | 10.43B | 11.53B | 7.44B | 7.91B |
Cash Flow | |||||
| Free Cash Flow | 4.01B | 6.33B | 8.37B | 5.30B | -663.18M |
| Operating Cash Flow | 5.69B | 7.63B | 9.00B | 6.15B | 3.81B |
| Investing Cash Flow | -3.42B | -91.49M | -5.31B | -756.89M | -4.95B |
| Financing Cash Flow | -4.78B | -7.63B | -3.50B | -4.99B | 4.31B |
Haidilao International Holding Technical Analysis
Neutral
14.97
Price Trends
12.40
Negative
13.80
Negative
13.81
Negative
Market Momentum
-0.25
Negative
51.09
Neutral
77.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6862, the sentiment is Neutral. The current price of 14.97 is above the 20-day moving average (MA) of 11.16, above the 50-day MA of 12.40, and above the 200-day MA of 13.81, indicating a neutral trend. The MACD of -0.25 indicates Negative momentum. The RSI at 51.09 is Neutral, neither overbought nor oversold. The STOCH value of 77.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6862.
Haidilao International Holding Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$64.99B | 13.82 | 40.94% | 5.78% | 1.16% | -13.86% | |
66 Neutral | HK$3.04B | 18.18 | 6.13% | 6.90% | -4.50% | -29.22% | |
66 Neutral | HK$1.11B | 10.25 | 12.32% | 5.56% | 7.49% | 78.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$259.18M | 26.86 | 2.32% | 21.88% | -2.56% | -23.91% | |
50 Neutral | HK$1.60B | 25.64 | 1.82% | 1.12% | -13.86% | 6.94% | |
43 Neutral | HK$286.73M | -0.82 | -51.41% | ― | -20.32% | 25.91% |
* Consumer Cyclical Sector Average
HK:6862
Haidilao International Holding
11.66
-1.90
-14.04%
HK:9922
Jiumaojiu International Holdings Ltd.
1.20
-1.64
-57.75%
HK:1314
Tsui Wah Holdings Ltd.
0.19
>-0.01
-4.57%
HK:0341
Cafe de Coral Holdings Ltd.
5.30
-1.80
-25.35%
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Xiabuxiabu Catering Management (China) Holdings Co., Ltd.
0.27
-0.57
-68.07%
HK:6811
Tai Hing Group Holdings Ltd.
1.14
0.27
30.88%
Haidilao International Holding Corporate Events
Haidilao Chairman Zhang Yong Lifts Stake to 37.56% in Show of Confidence
May 22, 2026
Haidilao International Holding’s controlling shareholder and chief executive Zhang Yong has increased his stake in the company by purchasing 11,350,000 shares on the open market between May 21 and May 22, 2026, at an average price of about H...
Haidilao Shareholders Approve Dividend, Board Mandates at 2026 AGM
May 19, 2026
Shareholders of Haidilao International Holding Ltd. approved all resolutions at the company’s annual general meeting held on May 19, 2026, including the adoption of the 2025 audited financial statements and a final dividend of HK$0.384 per s...
Haidilao Sets 2026 AGM to Approve Dividend, Board Changes and New Share Mandate
Apr 24, 2026
Haidilao International Holding Ltd. has called its annual general meeting for May 19, 2026 in Beijing, where shareholders will review the group’s audited consolidated financial statements and board and auditor reports for the year ended Dece...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.