Chagee Holdings Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	7,607	4,755	2,323	200.75
Short-Term Investments	359.09	100	100	-
Cash & Short-Term Investments	7,966	4,855	2,423	200.75
Cash Growth	64.09%	100.39%	1106.84%	-
Accounts Receivable	147.99	123.51	92.77	19
Other Receivables	-	72.53	13	2.11
Receivables	147.99	196.51	126.14	26.09
Inventory	228.01	240.24	70.75	36.87
Restricted Cash	26.16	13.9	-	-
Other Current Assets	481.91	134.23	28.66	11.98
Total Current Assets	8,850	5,440	2,648	275.69
Property, Plant & Equipment	1,859	791.21	147.64	77.61
Long-Term Investments	2.11	2.4	2	0.95
Goodwill	97.99	11.84	-	-
Other Intangible Assets	12.08	8.44	-	-
Long-Term Deferred Tax Assets	402.82	253.21	126.34	30.57
Other Long-Term Assets	238.09	89.34	18.95	9.16
Total Assets	11,463	6,596	2,943	393.96
Accounts Payable	629.79	597.09	448.32	64.3
Accrued Expenses	1,327	745.8	448.14	96.99
Current Portion of Leases	424.36	195.44	52.59	32.4
Current Income Taxes Payable	174.75	189.72	157.52	16.56
Current Unearned Revenue	293.71	265.34	205.82	26.29
Other Current Liabilities	-	304.54	142.51	61.11
Total Current Liabilities	2,850	2,298	1,455	297.65
Long-Term Leases	849.94	352.62	56.25	31.06
Long-Term Unearned Revenue	186	257.31	136.09	20.23
Total Liabilities	3,886	2,908	1,647	348.94
Common Stock	0.14	0.08	0.08	0.08
Additional Paid-In Capital	3,696	90.85	82.66	98.67
Retained Earnings	3,921	2,770	335.24	-406.16
Treasury Stock	-210.08	-210.08	-	-
Comprehensive Income & Other	-65.86	2.6	-9.16	-
Total Common Equity	7,342	2,654	408.81	-307.42
Minority Interest	235.3	100.57	15.33	0.07
Shareholders' Equity	7,577	3,688	1,296	45.03
Total Liabilities & Equity	11,463	6,596	2,943	393.96
Total Debt	1,274	548.06	108.84	63.45
Net Cash (Debt)	6,692	4,307	2,314	137.29
Net Cash Growth	55.39%	86.13%	1585.33%	-
Net Cash Per Share	40.63	42.80	15.15	1.37
Filing Date Shares Outstanding	190.32	98.74	104.44	107.1
Total Common Shares Outstanding	190.32	98.74	104.44	107.1
Working Capital	6,000	3,142	1,193	-21.97
Book Value Per Share	38.58	26.88	3.91	-2.87
Tangible Book Value	7,232	2,634	408.81	-307.42
Tangible Book Value Per Share	38.00	26.67	3.91	-2.87
Machinery	-	104.68	18.19	2.55
Construction In Progress	-	4.18	-	-
Leasehold Improvements	-	212.24	28.84	13.55

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q