Luckin Coffee Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	24,903	13,293	7,965	4,033	3,025	840.7
Revenue Growth (YoY)	87.34%	66.89%	97.48%	33.34%	259.81%	-
Cost of Revenue	16,902	8,009	5,235	3,722	3,220	1,108
Gross Profit	8,002	5,284	2,730	311.42	-195.52	-267.77
Selling, General & Admin	1,935	3,403	2,426	1,859	2,324	1,126
Research & Development	338.82	301.39	251.69	265.54	219.05	0
Other Operating Expenses	62.28	126.56	481.74	493.4	483.51	-7.78
Operating Expenses	4,890	3,831	2,908	2,352	2,807	1,330
Operating Income	3,026	1,599	-92.39	-2,040.55	-3,212.12	-1,598.01
Interest Income	108.68	84.92	102.25	135.71	79.41	8.92
Interest Expense	0	23.48	35.49	116.47	31.63	16.12
Other Expense / Income	26.94	533.49	-540.32	4,219	-5.22	7.78
Pretax Income	3,107	1,127	622.52	-6,240.79	-3,159.12	-1,619.15
Income Tax	259.43	638.5	-63.86	-637.8	1.39	6.16
Net Income	2,848	488.25	578.55	-5,602.99	-3,160.51	-1,619.15
Net Income Growth	483.30%	-15.61%	-	-	-	-
Shares Outstanding (Basic)	317	309	256	253	201	188
Shares Outstanding (Diluted)	317	315	267	253	201	188
Shares Change	0.65%	17.81%	5.63%	25.65%	7.21%	-
EPS (Basic)	8.96	1.60	2.32	-22.17	-15.73	-8.63
EPS (Diluted)	8.96	1.52	2.16	-22.17	-15.71	-8.63
EPS Growth	489.47%	-29.63%	-	-	-	-
Free Cash Flow	143.73	-781.2	-49.77	-3,199.17	-3,781.21	-2,316.35
Free Cash Flow Per Share	0.45	-2.48	-0.19	-12.66	-18.80	-12.35
Gross Margin	32.13%	39.75%	34.27%	7.72%	-6.46%	-31.85%
Operating Margin	12.15%	12.03%	-1.16%	-50.59%	-106.19%	-190.08%
Profit Margin	11.44%	3.67%	7.26%	-138.91%	-104.48%	-192.60%
Free Cash Flow Margin	0.58%	-5.88%	-0.62%	-79.32%	-125.00%	-275.53%
Effective Tax Rate	8.35%	56.67%	-10.26%	-	-	-
EBITDA	5,287	1,991	372.99	-1,480.05	-2,517.88	-1,490.18
EBITDA Margin	21.23%	14.98%	4.68%	-36.69%	-83.24%	-177.26%
Depreciation & Amortization	2,004	1,247	1,138	483.42	411.88	106.69
EBIT	3,283	744.15	-765.3	-1,963.47	-2,929.76	-1,596.87
EBIT Margin	13.18%	5.60%	-9.61%	-48.68%	-96.85%	-189.95%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.