At a market cap of HK$77 billion, Haidilao is more than just a hotpot. It’s an experience – from phone charging and snacks while you wait, to noodle dances, robot servers, manicure services and even mask-changing performance. I’d say very few restaurants have such entertainment.
While the Hang Seng Index is up ~48% over the past year, Haidilao shares remain flat, stuck at ~HK$14 – still 83% below their 2021 peak.
At current shares, it’s trading at 6.5% dividend yield. What’s driving its dividends?
Here’s what you need to know about China’s largest hotpot restaurant.
- From sizzlings highs to a reality check
Haidilao was listed on the Hong Kong Exchange in 2018 at ~HK$17.80/share, capturing the market’s attention. China’s dining boom fueled a stunning rally. At one point, shares surged to HK$85 – powered by rapid store expansion and a booming Chinese middle class hungry for experiential dining. In a way, Haidilao revolutionized the hotpot business….
