Chagee Holdings Limited (CHA) saw its stock surge 5.60% during Monday's intraday session, driven by the company's strategic expansion into Northeast China and robust Q3 financial performance.

The bubble tea chain recently established a new subsidiary in Heilongjiang, signaling a deeper regional focus. This move aligns with its Q3 results, which revealed 7,338 global stores, a 36.7% YoY increase in mini-program membership, and 503 million yuan in adjusted net profit. The company's strong cash position of 9.142 billion yuan further supports its expansion plans.

Additionally, Chagee's global growth continues to impress, with overseas GMV rising 75.3% YoY. The company's plans to introduce localized products and expand into new consumption scenarios are likely fueling investor optimism.