- CEO
- Qiang Guo
- Full Time Employees
- 2,571
- Sector
- Consumer non-durables
- Industry
- Food: major diversified
- Address
- Hongqi Tower Shanghai SH China 200062
- IPO Date
- Jul 13, 2016
- Business
- Yihai International Holding Ltd. produces and sells hot pot condiments, compound condiments, and convenient ready-to-eat food products primarily in China and overseas markets; its core offerings include hot pot soup flavorings and dipping sauces, Chinese-style and Western-style compound condiments such as ready-to-eat sauces, chicken powder, spices, fish seasonings, crayfish seasonings, and 24-dish series products, as well as self-serving small hot pots, instant vermicelli, instant meals, puffed foods, snacks, and home-cooked series items under the Haidilao and Magic Cook (Chopstick Hand Kitchen) brands; it also trades raw materials and packaged goods. The company, founded in 2005 and headquartered at No. 2500 Zhenbei Road, Room 1810, Shanghai, China, operates 12 factories in China, two major factories in Thailand and Malaysia, and 11 logistics centers nationwide, with sales covering 34 provincial regions in China and 49 countries and regions overseas including Singapore, the United States, South Korea, Japan, Canada, Australia, Vietnam, and the United Kingdom. It supplies condiments to related parties such as Haidilao International Holding Ltd., Super Hi International Holding Ltd., and Shuhai Supply Chain Group, alongside third-party distributors, e-commerce platforms like Tmall, JD.com, and Pinduoduo, and catering customers. In the first half of 2025, third-party revenue rises 6.5% year-on-year to RMB2,063.7 million, driven by improved product R&D including new beef tallow hot pot flavors (up 20.5%), dipping sauces (up 12.6%), fish seasonings (up 15.1%), and home-cooked series (from RMB7.9 million to RMB37.4 million), refined channel management with distributor sales up 2.1% to RMB1,727.2 million and business-end sales surging 131.7% to RMB155.5 million, plus overseas supply chain expansion via the Thai factory; for full-year 2024, overall revenue grows 6.4% to RMB6,539.6 million with third-party sales up 10.4% to RMB4,565.7 million and e-commerce up 30.9% to RMB398.7 million, alongside over 50 new products launched such as zero-additive series and more instant meals, while optimizing production via technological upgrades, higher self-production ratios, and business-end factories restructured into independent operations.