9月2日周二，霸王茶姬（CHA）股价盘中大跌5.18%，投资者对公司最新发布的财报表示担忧。
根据霸王茶姬近日公布的2025年第二季度财报，公司实现营收33.32亿元，同比增长10.2%；但净利润仅为7723.8万元，同比大幅下滑87.72%。此外，公司大中华区同店销售额同比下降23.1%，单店月均GMV同比下滑23%，已连续六个季度下降。
对于业绩下滑，霸王茶姬管理层表示主要受两方面因素影响：一是对比去年同期异常强劲的基数；二是外卖平台价格战加剧。公司创始人张俊杰强调，霸王茶姬选择不参与短期价格战，将坚持做高价值品牌。
分析人士指出，霸王茶姬不参与外卖补贴战虽有利于长期发展，但短期内可能继续面临业绩压力。投资者对公司盈利能力下滑及未来增长前景的担忧，是导致股价下跌的主要原因。
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