- Business
- Yihai International Holding Ltd. engages in the research, development, production, distribution and sales of compound condiments, hot pot condiments, and convenient ready-to-eat food products primarily in China and overseas markets; its core offerings include hot pot soup flavorings such as spicy vegetable oil, fragrant tallow, mellow tallow, sour tomato, green pepper and beef tallow, red curry and beef tallow, and three delicacy broth, as well as hot pot dipping sauces; Chinese-style compound condiments encompassing ready-to-eat sauces, chicken powder, spices, fish seasoning, crayfish seasonings, and the 24-dish series; and convenient foods like self-serving small hot pots, self-serving rice, brewed vermicelli, instant rice, instant meals, puffed foods, and the home-cooked series; products are marketed under brands including Haidilao, Magic Cook, and筷手小厨 (Chopsticks Little Chef). The company, founded in 2005 and headquartered at No. 2500 Zhenbei Road, Room 1810, Shanghai, China, serves family cooking customers, catering service providers such as the Haidilao Group, Super Hi Group, and Shuhai Supply Chain Group, food industry companies, distributors, e-commerce platforms like Tmall, JD.com, and Pinduoduo, and business-end clients across 34 provincial regions in China and 49 countries overseas. In recent developments, the company perfected its product research and development mechanism in 2023 while expanding business-end and overseas operations, followed by market share growth, ongoing product channel reforms, and revenue recovery in 2024; during the first half of 2025, it launched over 50 new products including regional flavor condiments and upgraded its supply chain with Thai factory ramp-up for enhanced global coverage, achieving a 6.5% year-on-year increase in third-party revenue to RMB2.06 billion through refined channel management, a 131.7% surge in business-end sales to RMB155.5 million, and sustained e-commerce presence with 10 flagship stores.