Core Viewpoint - Nai Xue's Tea reported a revenue of RMB 2.178 billion for the six months ending June 30, 2025, with a loss attributable to equity shareholders of RMB 117 million, translating to a loss per share of RMB 0.07 [1] Group 1: Financial Performance - The average daily sales per store for Nai Xue's Tea increased by 4.1% to RMB 7,600 compared to the same period in 2024 [1] - The average daily order volume per tea shop rose by 11.4% to 296.3 orders compared to the same period in 2024 [1] - Same-store sales for Nai Xue's Tea increased by 2.3% to RMB 1.76 billion compared to the same period in 2024 [1] Group 2: Store and Membership Metrics - As of June 30, 2025, the company operated a total of 1,638 tea shops, including 1,321 direct-operated stores and 317 franchised stores [1] - The registered membership reached approximately 111 million, with monthly active members totaling around 3.9 million and a monthly repurchase rate of approximately 23.5% [1] Group 3: Future Strategies - In the second half of 2025, the company aims to enhance store revenue performance and optimize cost structure by focusing on existing store optimization and adjusting store formats [2] - The company will continue to improve the new store model launched in the first half of 2025, such as the "Nai Xue Green" store, and explore new store types or consumption scenarios to reach a broader consumer base [2] - The company plans to create high-quality, cost-effective health products and utilize a diversified product matrix and targeted brand marketing strategies to meet the consumption needs of different age groups throughout the day [2]

Core Insights - The company reported a revenue of RMB 2.178 billion for the six months ending June 30, 2025, with a loss attributable to equity shareholders of RMB 117 million, translating to a loss per share of RMB 0.07 [1] - The average daily sales per store increased by 4.1% to RMB 7,600 compared to the same period in 2024, while the average daily order volume rose by 11.4% to 296.3 orders [1] - The total number of stores reached 1,638, comprising 1,321 direct-operated stores and 317 franchised stores as of June 30, 2025 [1] Performance Metrics - Same-store sales increased by 2.3% to RMB 1.76 billion compared to RMB 1.721 billion in the same period of 2024 [1] - The company had approximately 111 million registered members, with around 3.9 million monthly active members and a monthly repurchase rate of 23.5% [1] Strategic Initiatives - The company plans to enhance store revenue and optimize cost structures in the second half of 2025 by focusing on existing store optimization and adjusting store formats [2] - Continuous improvement of the newly launched store model, such as the "Nai Xue Green" store, is a priority, along with exploring new store types and consumption scenarios to reach a broader consumer base [2] - The company aims to create high-quality, cost-effective health products through a diversified product matrix and targeted brand marketing strategies to meet the consumption needs of different age groups [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Nayuki Holdings Limited 奈雪的茶控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2150） 截 至2025年6月30日止六個月 中期業績公告 董事會謹此宣佈本集團於報告期間的未經審核綜合中期業績。本集團於報告期間 的簡明綜合財務報表未經審核但已經由本公司外聘核數師畢馬威會計師事務所 根據香港會計師公會頒佈的香港審閱委聘準則第2410號 「由實體獨立核數師審閱 中期財務資料」 進行審閱。 – 1 – 管理層討論及分析 1. 業務回顧 2025年上半年，本集團收入由截至2024年6月30日止六個月的人民幣2,544.4百 萬元下跌14.4%至人民幣2,177.6百萬元。經調整淨虧損由截至2024年6月30日 止六個月的虧損人民幣437.7百萬元大幅減少73.1%至2025年同期的虧損人民 幣117.9百萬元。本集團經營活動所得現金淨額由截至2024年6月30日止六個 月的人 ...

Core Insights - Shenzhen's economic development is driven by reform and innovation, with a strong emphasis on the role of local enterprises in shaping the city's industrial narrative [1][2] - The city has seen a transformation from low-level manufacturing to high-tech industries, with significant contributions from private enterprises [3][6] - Shenzhen is home to a growing number of unicorns and innovative companies, particularly in hard technology sectors, reflecting its dynamic economic landscape [4][10] Group 1: Historical Context and Evolution - Shenzhen's economic transformation began with the establishment of the Special Economic Zone, which attracted foreign investment and labor, leading to the rise of companies like Huawei and ZTE [2][3] - The city has evolved from a processing trade model to a hub for high-value-added technology industries, with significant milestones such as the entry of Huawei into the Fortune Global 500 [2][3] - The establishment of various financial institutions in the late 1980s laid the groundwork for Shenzhen's financial innovation and support for local enterprises [2] Group 2: Current Economic Landscape - As of mid-2023, Shenzhen has 425 listed companies with a total market capitalization of 10.39 trillion yuan, ranking third and second among major cities in China, respectively [1] - The private sector contributes over 50% of the city's tax revenue, nearly 60% of its added value, and over 90% of employment, highlighting its critical role in the economy [1][5] - The city has seen a surge in new unicorns and innovative companies in sectors such as artificial intelligence, robotics, and new energy, with many achieving significant valuations [3][4][10] Group 3: Future Prospects and Strategic Initiatives - Shenzhen aims to further develop strategic emerging industries, with a focus on 20+8 industrial clusters, including low-altitude economy and aerospace [7][10] - The city's strategic emerging industries saw a value-added growth of 10.5% in 2024, accounting for 42.3% of the regional GDP, indicating robust economic momentum [8] - Shenzhen's commitment to innovation is reflected in its substantial R&D investments, which reached 223.66 billion yuan, with a growth rate of 18.9% [9]

Core Insights - A recent inspection revealed that five out of eight popular tea brands, including Nayuki, were found to contain trans fats and high levels of sugar and sodium [1][2]. Company Overview - Nayuki, founded in 2015, pioneered the "tea + soft European bread" dual-category model and has established three main business segments: "freshly made tea drinks," "Nayuki tea," and "RTD bottled tea" [2]. - As of June 30, 2021, Nayuki was officially listed on the Hong Kong Stock Exchange, raising HKD 50.94 billion [2]. - The company operates under Shenzhen Pindao Catering Management Co., Ltd., which was established in 2014 and is primarily engaged in wholesale activities [2]. - Nayuki has expanded its presence to nearly 100 major cities in China, with over 1,200 stores [2].

格隆汇8月15日丨奈雪的茶(02150.HK)公布，公司将于2025年8月27日召开董事会会议，以（其中包括） 审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议（如 有）。 ...

奈雪的茶控股有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Nayuki Holdings Limited 奈雪的茶控股有限公司（「本公司」，連同其附屬公司，合稱「本集團」）董事會（「董事 會」）兹通告，謹定於二零二五年八月二十七日（星期三）舉行董事會會議，以考慮及通過 （其中包括）本集團截至二零二五年六月三十日止六個月之未經審核中期業績及其發佈、 派發中期股息（如有），以及處理其他任何事項。 承董事會命 奈雪的茶控股有限公司 董事長 趙林 深圳，二零二五年八月十五日 於本公告日期，董事會包括執行董事趙林先生及彭心女士；及獨立非執行董事劉異偉先 生、謝永明先生及張立鈞先生。 （於開曼群島註冊成立的有限公司） （股份代號：2150） 董事會會議召開日期 ...

出品/茶咖观察 作者/刘淑娟 编辑/蒙嘉怡 近年来，新茶饮行业在高速扩张后进入深度调整期。 叠加持续的价格战，单店GMV普遍承压，加盟商盈利空间被大幅压缩，生存挑战尤为突出，行业急需寻找新的增长引擎。 在新茶饮行业陷入"存量竞争"困境的背景下，8月8日，壹览商业&茶咖观察创始人杨宇在第65届中国特许加盟新风向论坛上提出，品牌与加盟商破局的关键 在于重构思维与能力，并系统性地阐述了新茶饮的六大核心机会方向。 壹览商业是专注于消费+科技的综合性研究及服务机构聚焦消费互联网、零售渠道、品牌营销、数字经济、人工智能、智能制造等细分领域。自2021年创办 以来，已积累100万+全网粉丝，月传播量1000万+，覆盖企业数1000+；茶咖观察为其旗下品牌，聚焦于茶饮咖啡行业的深度调研。 以下是壹览商业&茶咖观察创始人杨宇的演讲全文（经茶咖观察编辑，有删减）： 大家好！我是壹览商业和茶咖观察的创始人杨宇，感谢主办方的邀请。 大约一个月前，主办方联系我希望在本次活动上发言。作为行业观察者，我们一直在思考：在当下的茶饮行业，应该分享哪些有价值的内容？ 基于这些沟通，我们总结了今年以来行业的核心特性，以新茶饮行业的"6大机会洞察" ...

Core Viewpoint - Nayuki's Tea (02150) has seen a stock price increase of over 4%, reaching HKD 1.54, with a trading volume of HKD 8.008 million, following the launch of its "Good Luck Purple" product on August 7, which quickly became the top-selling item on delivery platforms [1] Company Developments - The launch of the "Good Luck Purple" package led to a 500% increase in delivery sales on the day of its release [1] - Nayuki's Tea is actively expanding its product line to align with health trends, introducing new items such as sugar-free matcha lemon drinks following the success of its small green bottle [1] - The company plans to remodel approximately 200-300 stores in office districts of first-tier and new first-tier cities by 2025 to cater to consumer dining needs at various times and enhance store profitability [1] Industry Insights - The demand for freshly made tea beverages remains strong, and Nayuki, as a leading brand in the industry, has significant growth potential [1]

Market Overview - The A-share market has shown strong upward momentum, with the index successfully surpassing the 3600-point mark, and the margin financing balance returning to the 2 trillion yuan level for the first time since May 2015[3] - The current tea beverage industry is experiencing intensified competition, with a significant shift towards overseas markets, particularly the United States, indicating substantial growth potential[3] Industry Trends - In the energy and technology integration sector, AI data centers are paving new paths for centralized photovoltaic consumption, supported by continuous policy efforts to promote the synergy between computing power and electricity[3] - The semiconductor industry is entering a new cycle driven by strong AI demand, with high-end segments like silicon wafers and MLCCs seeing notable demand differentiation[3] Structural Changes - The analysis of the Fortune China 500 list from 2015 to 2025 reveals a shift in China's industrial structure, with high-tech industries like electronics and modern services like finance becoming new growth drivers, while traditional sectors like real estate face deep adjustments[6] - The number of companies in the real estate sector has decreased from 45 to 29 over the past decade, reflecting significant industry contraction due to regulatory changes and market dynamics[7] Consumer Insights - The domestic tea beverage market has seen a slowdown in expansion, with the total number of stores increasing by only 0.74% in the first half of 2025, indicating a shift towards quality competition[23] - Major tea brands are increasingly looking to expand internationally, particularly in the U.S. market, which is projected to grow at a CAGR of 9.1% from 2019 to 2024, with significant potential for new store openings[26] High-End Manufacturing - The "East Data West Calculation" project is expected to enhance the coupling effect between photovoltaic power consumption and computing power industry development, with an estimated average annual energy consumption increase of approximately 9.8 GW for data centers over the next three years[34] - Global semiconductor sales reached $59.9 billion in June 2025, marking a year-on-year increase of 19.6%, driven primarily by business-to-business AI demand rather than consumer electronics[3]