Chagee Holdings Earnings Call Transcripts
Fiscal Year 2025
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2025 saw slower domestic growth due to restructuring and market headwinds, but overseas expansion drove strong GMV gains and margin improvement. The company enters 2026 focused on quality growth, brand value, and global scale, with robust cash reserves supporting its strategy.
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Q3 2025 saw net revenue decline 9.4% year-over-year to ¥3,208.3 million, but profitability remained strong with a non-GAAP net margin of 15.7%. Overseas expansion and product innovation drove growth, while a special dividend of $0.92 per share was declared.
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Q2 2025 saw double-digit revenue growth and strong overseas expansion, with gross margin rising to 53.9% and non-GAAP net income stable year-over-year. Strategic investments in talent and technology support global growth, while the company maintains premium positioning amid intense price competition in China.