FoodBud
RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

Global foodservice chain intelligence. Every figure should link back to a source.

RankingsInsightsMixue SeriesArchiveMethodologyDataSearchAboutPrivacyDisclaimer

FoodBud is for information and research workflow support only. Nothing on this site is investment advice. Privacy practices and data limitations are described in the Privacy Policy and Disclaimer.

中文

Company card

Super Hi International

Medium
Brand★Golden 50

HKEX 09658 · HKEX

Listing status
listed
Operating model
Direct / managed estate
Scale basis
Revenue proxy
Confidence
Medium
Segment
restaurant chain

特海国际是海底捞海外直营样本;比较重点是海外收入/店、翻台率和门店成熟度。

Scale basis note

Recognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
126 stores
FY2025: The total number of Haidilao restaurants as of December 31, 2025 was 126
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · The total number of Haidilao restaurants as of December 31, 2025 was 126
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Scale
Recognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
$840.8M
FY2025: Revenue was US$840.8 million, representing an increase of 8.0% from US$778.3
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Revenue was US$840.8 million, representing an increase of 8.0% from US$778.3
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Revenue proxy
Precision: Source-backed
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$6.67M
Screening proxy
Derived scale_per_store using scale ÷ store_count at the linked scale basis; not a separately reported company metric.
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$36.3M
FY2025: Profit for the year was US$36.3 million, representing an increase of 69.6% from
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Profit for the year was US$36.3 million, representing an increase of 69.6% from
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$840.8M
USD 840.8 million
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: S1 Official Annual Or Prospectus

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$893.24M
Directional proxy
2026-05-22: Unverified: no citable primary disclosure with a verbatim excerpt found. No date-specific May 22 2026 excerpt available. Aggregators show June 18 2026 market cap ~$843.83M (S3). Stored $893M is in the plausible range for mid-May 2026 but ca
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Directional proxy
S3 supplementary (opens in new tab)
Media Or Aggregator · Unverified: no citable primary disclosure with a verbatim excerpt found. No date-specific May 22 2026 excerpt available. Aggregators show June 18 2026 market cap ~$843.83M (S3). Stored $893M is in the plausible range for mid-May 2026 but ca
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

10/18 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
chineseS3 supplementary (opens in new tab)
Cuisine (secondary)
not disclosed
Service model
casual diningS4 (opens in new tab)
Price tier
premiumS3 supplementary (opens in new tab)
Company
Founded
2,012S2 official secondary (opens in new tab)~
HQ country
SingaporeS3 supplementary (opens in new tab)
CEO
Li YuS2 official secondary (opens in new tab)
Employees
12,891 headcountS3 supplementary (opens in new tab)~
Ownership
Parent
Independent (controlled by founders Zhang Yong & Shu Ping, ~50-60%); spun off from Haidilao International Holding in Dec 2022S2 official secondary (opens in new tab)
PE / holding
not disclosed
Recent M&A
Spun off from Haidilao International Holding (HKEX:6862) via distribution in specie, completed Dec 30 2022; secondary Nasdaq dual-listing (HDL) May 2024S3 supplementary (opens in new tab)
Growth
Revenue YoY
13.4%S2 official secondary (opens in new tab)
Net new units
7 unitsS2 official secondary (opens in new tab)
Pricing & digital
Avg check
$25S2 official secondary (opens in new tab)
Off-premise
2.3%S2 official secondary (opens in new tab)~
Franchise terms
Royalty
not disclosed
Franchise fee
not disclosed
By-market footprint
East Asia
21 stores◑derivedS1 official primary (opens in new tab)
North America
22 stores◑derivedS1 official primary (opens in new tab)
Other regions
12 stores◑derivedS1 official primary (opens in new tab)
Southeast Asia
71 stores◑derivedS1 official primary (opens in new tab)
country_split_gap
—S1 official primary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed9/11 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
126 stores
126 restaurants
Source-backedS1 official primary (opens in new tab)
Operational scale
$841M
Restaurant level revenue was US$808.986 million in FY2025; total revenue was US$840.755 million. Use restaurant-level revenue, average daily revenue per restaurant and restaurant-level operating margin as the direct operator benchmark.
Source-backedS1 official primary (opens in new tab)
Revenue
$841M
USD 840.8 million
Source-backedS1 official primary (opens in new tab)
Company-operated
see brand drilldown
Franchised
see brand drilldown

Brand drilldown

non-additive

Per-brand detail — NOT additive (brands may use different bases / periods) and NOT counted in rankings. Listed for transparency only.

特海 Super Hi (Haidilao intl)
Direct vs franchise split
100%
2024
Source-backedS2 official secondary (opens in new tab)
AUV — average unit volume
3.8 turns per day driver
2024
EstimatedS3 supplementary (opens in new tab)
Same-store sales
0.071 YOY growth 2024
2024
Source-backedS2 official secondary (opens in new tab)
Unit / store-level profit
10.1%
2024
Source-backedS2 official secondary (opens in new tab)
Net store movement
7 net restaurants 2024
2024
Source-backedS2 official secondary (opens in new tab)
特海/海底捞国际
Operating margin
7.5%
Q3_2024
Source-backedS2 official secondary (opens in new tab)
Food cost %
33.1%
FY2024
Source-backedS2 official secondary (opens in new tab)
Labor cost %
33.1%
2024_quarters
Source-backedS2 official secondary (opens in new tab)

Single-store model

5/8 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Driver only.
Table turnover 3.8 rounds/day 2024 (+0.3 YoY; Q4 3.9). High-AUV; per-restaurant daily revenue not explicit.
2024
EstimatedS3 supplementary (opens in new tab)
Single-store profit
Restaurant-level (pre-HQ); secondary.
Restaurant-level operating margin 10.1% (2024), +1.1pp YoY.
2024
Source-backedS2 official secondary (opens in new tab)
Initial investment
GAP — not fabricated.
—
GapSource (opens in new tab)
Franchise fee / royalty
GAP — not fabricated.
—
GapSource (opens in new tab)
Payback period
GAP — not fabricated.
—
GapSource (opens in new tab)
Same-store sales
Secondary.
Same-store sales +7.1% (2024).
2024
Source-backedS2 official secondary (opens in new tab)
Store open / close
Net only.
+7 net (115→122).
2024
Source-backedS2 official secondary (opens in new tab)
Company-operated share
Secondary.
122 restaurants end-2024, company-operated (Haidilao direct model).
2024
Source-backedS2 official secondary (opens in new tab)

Cost structure

3/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS33.1%
FY2024· pct_of_revenueS2 official secondary (opens in new tab)Source-backed
Secondary relay of AR/results; confirm vs filing.
Labor33.1%
2024_quarters· pct_of_revenueS2 official secondary (opens in new tab)Source-backed
Quarterly avg; full-year not isolated. Secondary.
Rent / occupancy—
Gap
GAP — not fabricated.
Delivery commission—
Gap
GAP — not fabricated.
Marketing—
Gap
GAP — not fabricated.
Operating margin7.5%
Q3_2024· pct_of_revenueS2 official secondary (opens in new tab)Source-backed
Q3 figure; restaurant/intl hotpot. Secondary.
Not separately disclosed26.3%

Supply chain

2 suppliers · 2 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

Yihai International Holding Ltd. (颐海国际)HKEX:01579
Ingredients
—65%S1 filingsource (opens in new tab)
YIZHIHUA / Shuyun Oriental Decoration Engineering (蜀韵东方)
Equipment
—named (no % disclosed)S1 filingsource (opens in new tab)

Peers in this segment

HaidilaoRevenue proxySKYLARK HOLDINGS CO.,LTD.Revenue proxyFOOD & LIFE COMPANIES LTD.Company-operated revenue (proxy)SAIZERIYA CO.,LTD.Revenue proxyTORIDOLL Holdings CorporationCompany-operated revenue (proxy)COLOWIDE CO.,LTD.Revenue proxy

Same segment — each operator keeps its own scale basis; this is navigation, not a like-for-like comparison.