新华财经长沙7月20日电（记者常竣斐） 2026年，中国现制茶饮行业走到一个微妙的节点。奶茶、果茶与咖啡之间的界限越来越模糊，新茶饮上市公司“六小龙”之间的分化愈发明显：有的2025年营收同比增长46.9%，新增门店三千多家；有的陷入连年亏损，股价已不足1元。为寻找增长新动力，多家现制茶饮企业涌入咖啡、零食、冰淇淋等传统消费领域，继“下沉”“出海”之后，“第二曲线”愈发成为判断企业走向的关键指标。...
Source Link新华财经长沙7月20日电（记者常竣斐） 2026年，中国现制茶饮行业走到一个微妙的节点。奶茶、果茶与咖啡之间的界限越来越模糊，新茶饮上市公司“六小龙”之间的分化愈发明显：有的2025年营收同比增长46.9%，新增门店三千多家；有的陷入连年亏损，股价已不足1元。为寻找增长新动力，多家现制茶饮企业涌入咖啡、零食、冰淇淋等传统消费领域，继“下沉”“出海”之后，“第二曲线”愈发成为判断企业走向的关键指标。...
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