Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015
Milk Tea Industry	3.29B	3.63B	3.13B	3.47B	3.76B
Milk Tea Industry Growth	-9.32%	15.90%	-9.76%	-7.83%	-5.46%
Total	3.29B	3.63B	3.13B	3.47B	3.76B
Total Growth	-9.32%	15.90%	-9.76%	-7.83%	-5.46%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015
East China	1.47B	-	1.36B	1.53B	1.64B
East China Growth	-	-	-10.98%	-6.73%	-
Central China	499.59M	-	462.68M	513.77M	583.00M
Central China Growth	-	-	-9.94%	-11.87%	-
Southwest China	413.79M	-	419.17M	449.10M	500.59M
Southwest China Growth	-	-	-6.66%	-10.29%	-
Northwest China	252.41M	-	269.82M	273.77M	305.84M
Northwest China Growth	-	-	-1.44%	-10.49%	-
North China	165.30M	-	160.69M	119.99M	158.04M
North China Growth	-	-	33.91%	-24.07%	-
South China	118.89M	-	112.48M	189.21M	208.49M
South China Growth	-	-	-40.55%	-9.25%	-
Northeast China	46.01M	-	33.85M	43.41M	56.02M
Northeast China Growth	-	-	-22.02%	-22.51%	-
Unallocated	264.05M	-	262.47M	290.68M	249.00M
Unallocated Growth	-	-	-9.71%	16.74%	-
Export	19.12M	-	14.90M	13.69M	29.11M
Export Growth	-	-	8.86%	-52.97%	-
Total	3.24B	-	3.09B	3.42B	3.73B
Total Growth	-	-	-9.51%	-8.23%	-

Source: S&P Global Market Intelligence.