Chagee Holdings Limited Unsponsored ADR ( (CHA) ) has released its Q3 earnings. Here is a breakdown of the information Chagee Holdings Limited Unsponsored ADR presented to its investors.
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Chagee Holdings Limited, a prominent player in the premium tea drinks sector, specializes in offering healthy and freshly-made tea beverages, leveraging modern technology and innovative branding to transform traditional tea culture. In its third-quarter 2025 financial report, Chagee revealed a mixed performance with a notable increase in its teahouse network by 25.9% year-over-year, reaching 7,338 locations, while experiencing a decline in total gross merchandise value (GMV) and net revenues compared to the same period last year.
Key financial metrics highlighted a decrease in net revenues to RMB3,208.3 million, down from RMB3,541.2 million in the third quarter of 2024. The company’s operating income also saw a drop to RMB454.4 million, with an operating margin of 14.2%, compared to 22.4% in the previous year. Despite these declines, Chagee’s overseas market GMV showed a robust 75.3% increase, indicating strong international growth potential.
Chagee’s strategic expansion of company-owned teahouses contributed to a 63.8% increase in revenues from these outlets, although the overall net income decreased to RMB397.9 million. The company also announced a special dividend distribution of US$0.92 per share, reflecting its commitment to shareholder value.
Looking ahead, Chagee remains focused on expanding its global footprint and enhancing its brand recognition, while navigating the competitive landscape in China’s food and beverage sector. The company’s strategic initiatives and financial management are expected to support its long-term growth objectives.

