Have you ever dined at Haidilao and loved their service? Well, these may be rare experiences considering how expensive their food is. But did you know that you can purchase the restaurant’s hotpot condiments and prepare your very own Haidilao hotpot at home? Yihai International (HKG:1579) is Haidilao’s sole hotpot condiments supplier, sells a variety of Haidilao condiments to retail customers! When Haidilao’s share rose to an all-time high in 2020, so did Yihai International’s shares due to how both businesses are correlated. But just as fast as the share price rose last year, it also dropped very quickly in the early part of 2021. So, what happened to Yihai International? Were its shares overhyped, which drove up its prices last year? Or did its fundamentals change since the start of this year? Yihai International’s Business overview Yihai International offers a wide range of hotpot condiments, Chinese-style compound flavouring, and convenient ready-to-eat food products....