Chagee Holdings Limited, a leading premium tea drinks brand, has announced its unaudited financial results for the second quarter ended June 30, 2025. The company's total net revenues increased by 10.2% to RMB3.33 billion ($465.1 million) from RMB3.02 billion in the same quarter of 2024. Despite this revenue growth, GAAP net income saw a significant decrease of 87.7%, dropping to RMB77.2 million ($10.8 million) from RMB628.7 million in the same quarter of the previous year. However, when excluding share-based compensation expenses, the non-GAAP net income was RMB629.8 million ($87.9 million), reflecting a marginal year-over-year increase of 0.1%. Operationally, Chagee expanded its teahouse network by 40.9%, reaching 7,038 teahouses in Greater China and overseas as of June 30, 2025. This expansion contributed to a 15.5% increase in total GMV for the second quarter, reaching RMB8.10 billion. The average monthly GMV per teahouse in Greater China was RMB404,352. The results highlight Chagee's strategic expansion and its impact on revenue growth, despite challenges in maintaining net income levels.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.