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Chinese maker of hotpot soup bases and seasonings, closely tied to and a major supplier of Haidilao restaurants.
Chinese maker of hotpot soup bases and seasonings, closely tied to and a major supplier of Haidilao restaurants.
Started as the in-house supplier of Haidilao hotpot restaurants and now sells more to third parties, including supermarkets, online shops and other restaurants, so Haidilao's share of sales has been shrinking. Hotpot soup bases are the main earner, with ready seasoning mixes extending the range.
In one line: China's McCormick, hotpot-focused.
Moat: narrow (brand, scale, distribution). Leading hotpot-condiment brand with a captive supply relationship to Haidilao, though single-customer reliance is a risk.
Headquarters: Shanghai, China · Founded: 2005 · Employees: 2,571
Size Yihai International (1579.HK) is a Hong Kong Consumer Staples company (Food: Major Diversified) with a market value of $2.02B, the 418th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$16.29 on 6 Nov 2026.
Performance Over six months the shares gained 2.6%, against -6.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 11.1% over the last twelve months (peer median +4.5%); the operating margin is 18.5% (peer median 8.2%).
Valuation It trades at 14.2× forward earnings against a peer median of 17.2× (5th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 19.5 points above its cost of capital (13.4% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$7.85B | HK$7.17B | HK$7.09B | HK$6.79B | HK$7.15B |
| Revenue growth | — | +1% | +4% | -5% | — |
| Gross profit | HK$2.65B | HK$2.30B | HK$2.17B | HK$2.12B | HK$2.12B |
| EBITDA | HK$1.72B | HK$1.45B | HK$1.31B | HK$1.41B | HK$1.34B |
| Net income | HK$1.02B | HK$926M | HK$802M | HK$942M | HK$863M |
| Free cash flow | HK$938M | HK$722M | HK$686M | HK$703M | HK$998M |
| Capital expenditure | HK$316M | HK$350M | HK$314M | HK$358M | HK$485M |
| Total debt | n/a | HK$130M | HK$99.5M | HK$95.0M | HK$128M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Yihai International 1579.HK | $2.02B | +3% | +11% | 18% | 14.2× | 6.8% |
| Anjoy Foods 2648.HK | $3.83B | -20% | +24% | 12% | 11.6× | -2.9% |
| Foshan Haitian Flavouring and Food 603288.SS | $29.8B | -7% | +6% | 27% | 28.9× | 7.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1579.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.0% | -1.0% | 3rd highest of 21 |
| 6-month return | +2.6% | -6.0% | 8th highest of 21 |
| Distance from 52-week high | -6.0% | -22.6% | 2nd highest of 21 |
| Revenue growth (TTM) | +11.1% | +4.5% | 2nd highest of 21 |
| Operating margin | 18.5% | 8.2% | 2nd highest of 21 |
| Forward P/E | 14.2× | 17.2× | 5th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 6.8% | -3.7% | 5th most demanding of 16 |
| Growth delivered (Del g) | +3.6% | +2.5% | 7th highest of 16 |
| Hurdle (Req g minus delivered) | +3.2 pp | -4.3 pp | 5th most demanding of 16 |
| ROIC minus cost of capital | +19.5 pp | +3.0 pp | 4th highest of 21 |
| EV / EBITDA | 8.1× | 10.7× | 6th cheapest of 13 |
| Net debt / EBITDA | -1.1× | -0.3× | 4th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yihai International 1579.HK | Hong Kong | $2.02B | +3% | +11% | 18% | 14.2× | 6.8% | +3.6% |
| Dongsuh 026960.KS | South Korea | $2.06B | +6% | +6% | 8% | n/a | 16.2% | +1.6% |
| ITO EN,Ltd 2593.T | Japan | $2.12B | +14% | +5% | 5% | 26.0× | n/a | n/a |
| Chagee Holdings Limited Unsponsored ADR CHA | United States | $2.44B | +19% | 0% | 11% | 7.9× | -4.1% | +190.8% |
| Yankershop Food 002847.SZ | China | $1.64B | -30% | 0% | 14% | 14.6× | 2.9% | +24.1% |
| Herbalife HLF | United States | $1.60B | +7% | +6% | 9% | 5.4× | -14.8% | -1.9% |
| Olam VC2.SI | Singapore | $2.55B | -29% | -40% | 2% | 17.6× | -3.7% | -3.7% |
| Zydus Wellness ZYDUSWELL.NS | India | $1.58B | -7% | +74% | 9% | 41.0× | 32.3% | +16.2% |
| Cheng De Lolo 000848.SZ | China | $1.18B | -11% | +5% | 24% | 12.6× | -10.8% | +11.3% |
| S&B Foods 2805.T | Japan | $1.16B | +53% | +7% | 9% | 16.8× | -1.8% | +2.5% |
| Jiangsu Hengshun Vinegar-Industry 600305.SS | China | $1.15B | -7% | +6% | 6% | 49.9× | 17.3% | +2.6% |
| Shanghai Ziyan Foods 603057.SS | China | $1.09B | -37% | +7% | 6% | 39.1× | n/a | n/a |
| Simply Good Foods SMPL | United States | $1.05B | -2% | -7% | 13% | 7.9× | -12.3% | +6.2% |
| Kewpie 2809.T | Japan | $4.07B | +11% | +4% | 7% | 24.2× | 0.6% | -0.7% |
| Bombay Burmah Trading BBTC.NS | India | $947M | -18% | +7% | 16% | n/a | -8.8% | +8.2% |
| AGT Food and Ingredients AGTF.TO | Canada | $922M | +12% | -19% | -2% | 16.0× | n/a | n/a |
| Hongmian Zhihui Science and Technology Innovation Co., Ltd. Guangzhou 000523.SZ | China | $798M | -16% | +4% | 2% | n/a | 12.1% | -8.5% |
| Vitasoy International 0345.HK | Hong Kong | $794M | -3% | -3% | 7% | 21.8× | -9.8% | -4.2% |
| Standard Foods 1227.TW | Taiwan | $751M | -5% | 0% | 4% | n/a | n/a | n/a |
| V V Food & Beverage 600300.SS | China | $717M | -18% | +6% | 11% | n/a | -9.2% | -6.8% |
| Lian Hwa Foods 1231.TW | Taiwan | $694M | -12% | +3% | 9% | n/a | n/a | n/a |