Revenue Growth and Profitability
Chagee reported a revenue of RMB 3.3 billion, up by 10.2% year-over-year, and achieved its tenth consecutive quarter of profitability with a net income of RMB 77.2 million.
Overseas Market Expansion
Chagee's overseas markets demonstrated strong growth, with GMV increasing 77.4% year-over-year. The company expanded its overseas presence by adding a net 52 stores, with significant traction in markets like Singapore, Malaysia, and the United States.
Successful Launch of New Products
New products like Hojicha Genmai milk tea and Earl Grey series co-branded with the British Library performed well in Southeast Asia, driving brand visibility and engagement.
Strong Member Growth
Chagee's total membership exceeded 200 million, increasing by 14.5 million from the first quarter and 42.7% year-over-year, indicating robust customer engagement.