Financial Performance - Total net revenues increased by 84.9% year-over-year[25] - Average monthly transacting customers increased by 132.9% year-over-year to 58.5 million[22] - Store-level operating profit margin for self-operated stores was 23.1%[26] - GAAP operating income was RMB 961.7 million with a 13.4% operating income margin[26] - Free cash flow was RMB 402.3 million[8] Store Expansion - Net new store openings in Q3 2023 were +2,437[26] - Total stores reached 13,273 worldwide[26] - Self-operated stores totaled 8,789 and partnership stores totaled 4,466[28] Product and Sustainability - Completed company carbon inventory and verification by Bureau Veritas for the first time in 2022[1] - Compared to regular Latte, one cup of Coconut Milk Latte has 55% or 42% carbon footprint reduction[34] - Jiangxiang Flavored Latte achieved a new record on the first day of launch, selling over 5.42 million cups and generating over RMB 100 million in revenue[24] - Scope 3 carbon emission is 769.2 thousand ton CO2e, accounting for 89.9% of total carbon emission[37]

Luckin Coffee Inc. (OTCPK:LKNCY) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET Company Participants Alicia Guo - IR Jinyi Guo - Chairman and CEO Jing An - CFO Reinout Schakel - CSO Conference Call Participants Operator Ladies and gentlemen, welcome to Luckin Coffee's Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode during management's prepared remarks and there will be a question-and-answer session to follow. Today's conference is being recorded. At th ...

Financial Performance - Total net revenues for the third quarter of 2023 were RMB7,200.0 million (US$986.8 million), an increase of 84.9% from RMB3,894.6 million in the same quarter of 2022[3] - Net income for Q3 2023 was RMB 988,011, representing a 87.1% increase compared to RMB 528,597 in Q3 2022[37] - Operating income for the nine months ended September 30, 2023, was RMB 2,812,905, a significant increase from RMB 842,949 in the same period of 2022[37] - Total comprehensive income for the nine months ended September 30, 2023, was RMB 2,553,938, compared to RMB 371,200 in the same period of 2022[37] - Non-GAAP net income for the nine months ended September 30, 2023, was RMB 2,823,035, up 63.5% from RMB 1,728,053 in the same period of 2022[40] - The company reported a basic net income per share of 0.39 for Q3 2023, compared to 0.21 for Q3 2022[37] - Non-GAAP net income per share (diluted) for Q3 2023 was $0.06, compared to $0.20 in Q3 2022, reflecting a significant increase in profitability[40] - The company’s adjusted net income for Q3 2023 was RMB 1,143,962, reflecting a strong operational performance despite external pressures[40] Customer Metrics - Average monthly transacting customers reached 58.5 million, representing a year-over-year increase of 132.9% from 25.1 million[3] - Average monthly transacting customers reached 58,477, a significant increase from 24,559 a year ago, reflecting a growth of 137.5%[19] Store Expansion - The company opened 2,437 net new stores in the third quarter, resulting in a total of 13,273 stores, including 8,807 self-operated and 4,466 partnership stores[3] - The total number of stores increased to 13,273 as of September 30, 2023, up from 8,214 a year earlier, representing a growth of 61.5%[19] - Self-operated stores grew to 8,807, a 55.5% increase from 5,652 in the same period last year[19] - The company plans to continue expanding its store network and enhancing its technology-driven retail model to improve customer experience and operational efficiency[30] Revenue Sources - Revenues from self-operated stores were RMB5,141.0 million (US$704.6 million), a 79.3% increase from RMB2,867.1 million in the same quarter of 2022[3] - Same-store sales growth for self-operated stores was 19.9%, compared to 19.4% in the same quarter of 2022[3] - Same-store sales growth for self-operated stores was 19.9% for the three months ended September 30, 2023, compared to 9.2% in the same period last year[19] - Revenues from product sales for the nine months ended September 30, 2023, were RMB 13,376,169, up from RMB 7,372,060 in the same period of 2022[37] Operating Income and Costs - GAAP operating income was RMB961.7 million (US$131.8 million), with a GAAP operating income margin of 13.4%, down from 15.0% in the same quarter of 2022[3] - Non-GAAP operating income for Q3 2023 reached RMB 1,025,483, a 47.9% increase from RMB 693,768 in Q3 2022[40] - Cost of materials increased to RMB3,166.6 million (US$434.0 million), a 119.8% rise from RMB1,440.5 million in the same quarter of 2022[3] - Share-based compensation expenses decreased to RMB 63,759 in Q3 2023 from RMB 108,504 in Q3 2022, indicating improved cost management[40] Cash and Assets - Net cash provided by operating activities was RMB1,310.1 million (US$179.6 million), compared to RMB416.9 million in the same quarter of 2022[16] - As of September 30, 2023, cash and cash equivalents totaled RMB5,736.8 million (US$786.3 million), an increase from RMB3,577.9 million as of December 31, 2022, primarily due to operational cash generation[17] - Total assets increased to RMB 17,171,093 as of September 30, 2023, compared to RMB 10,480,397 as of December 31, 2022[34] - Total current liabilities increased to RMB 5,482,003 as of September 30, 2023, from RMB 2,828,836 as of December 31, 2022[34] Future Plans and Strategy - The company plans to enhance product offerings and continue its pricing and expansion strategy to serve more customers and expand its global footprint[4] - Luckin Coffee aims to build a world-class coffee brand and integrate into customers' daily lives through its technology-driven retail network[32] Legal and Compliance - The provision for equity litigants in Q3 2023 was RMB 92,192, indicating ongoing legal challenges[40] Conference Call - The conference call to discuss financial results is scheduled for November 1, 2023, at 8:00 am Eastern Time[27]

Financial Data and Key Metrics Changes - The company achieved total net revenue of RMB6.2 billion, representing an 88% year-on-year growth [5][60] - The operating profit margin was reported at 18.9%, with a net profit margin of 16.1% for the second quarter [12][61] - The number of cumulative transacting customers surpassed 170 million, with an average of 43.07 million monthly transacting customers [5][11] Business Line Data and Key Metrics Changes - Revenue from self-operated stores reached nearly RMB4.5 billion, reflecting an 85.2% year-over-year increase, while same-store sales growth was over 20.8% [10] - Partnership stores saw a revenue increase of 91.1% year-over-year, reaching nearly RMB1.5 billion [10] Market Data and Key Metrics Changes - The company maintained its position as the largest coffee shop chain in China, with self-operated and partnership stores across 70 and 265 cities, respectively [11] - The coffee market in China is experiencing rapid growth, with significant potential for further expansion [50] Company Strategy and Development Direction - The company launched a new brand concept called LUCK IN HAND and initiated a promotional campaign offering high-quality coffee at RMB9.9 [3][18] - The company plans to continue expanding its presence in international markets, with seven stores in Singapore as of the end of the second quarter [19] - The focus remains on enhancing operational efficiency, brand building, and sustainable development [37][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining profitability while expanding market share through the RMB9.9 promotional campaign [28][29] - The company aims to achieve long-term, sustainable growth while enhancing customer value and brand influence [47][50] Other Important Information - The company reported a net operating cash inflow of RMB1,444.4 million, a significant improvement from the previous year [27] - General and administrative expenses as a percentage of revenue decreased from 10.4% to 6.9% year-over-year, indicating improved efficiency [26] Q&A Session Summary Question: How can you balance scale advantages and profitability while maintaining a competitive leading position? - Management noted that the RMB9.9 promotion has driven increased revenue and profit margins, reflecting customer recognition and brand loyalty [28] Question: Will you accelerate the speed of store openings in the second half of 2023? - The company confirmed plans to continue expanding its store network and emphasized the importance of a new partnership model to encourage high-quality partners [49][50]

luckin coffee August 1, 2023 This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States ("GAAP"), including non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP basic and diluted net income/(loss) per ADS. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For ...

[Luckin Coffee Inc. Q2 2023 Financial Results](index=1&type=section&id=Luckin%20Coffee%20Inc.%20Announces%20Second%20Quarter%202023%20Financial%20Results) [Second Quarter 2023 Highlights](index=1&type=section&id=SECOND%20QUARTER%202023%20HIGHLIGHTS) Luckin Coffee reported a record-breaking quarter with an 88.0% YoY revenue surge, significant store and customer growth, and a record-high GAAP operating margin of 18.9% Q2 2023 Key Financial and Operational Metrics (YoY) | Metric | Q2 2023 | Q2 2022 | Change | | :--- | :--- | :--- | :--- | | **Total Net Revenues** | RMB 6,201.4M | RMB 3,298.7M | +88.0% | | **GAAP Operating Income** | RMB 1,172.8M | RMB 241.6M | +385.4% | | **GAAP Operating Margin** | 18.9% | 7.3% | +11.6 p.p. | | **Avg. Monthly Transacting Customers** | 43.1M | 20.7M | +107.9% | | **Total Stores (End of Quarter)** | 10,836 | 7,195 | +50.6% | | **Net New Store Openings** | 1,485 | N/A | N/A | | **Same-Store Sales Growth (Self-operated)** | 20.8% | 41.2% | -20.4 p.p. | - Revenues from self-operated stores increased by **85.2%** to **RMB 4,495.3 million**, with a store-level operating profit margin of **29.1%**[4](index=4&type=chunk) - Revenues from partnership stores grew by **91.1%** to **RMB 1,485.8 million**[4](index=4&type=chunk) [Company Statement](index=2&type=section&id=COMPANY%20STATEMENT) The CEO highlighted a record-breaking quarter driven by product innovation, reaching key milestones like 10,000 stores and launching a new brand initiative to expand market leadership - In June 2023, the company reached a record **50 million transacting customers** and opened its **10,000th store**, becoming the first coffee chain in China to do so[5](index=5&type=chunk) - The company announced a new brand initiative, 'LUCK IN HAND,' to build on its market momentum[5](index=5&type=chunk) - Future strategy focuses on leveraging scale advantages to offer value, increase market share, and continue global expansion[5](index=5&type=chunk) [Detailed Financial Results](index=2&type=section&id=SECOND%20QUARTER%202023%20FINANCIAL%20RESULTS) Total net revenues grew 88.0% YoY to RMB 6.2 billion, while operating expenses as a percentage of revenue decreased, leading to a significant net income of RMB 998.7 million Q2 2023 Revenue Breakdown (RMB) | Revenue Source | Q2 2023 | Q2 2022 | % of Total (Q2'23) | | :--- | :--- | :--- | :--- | | **Total Net Revenues** | **6,201.4M** | **3,298.7M** | **100.0%** | | Revenues from product sales | 4,715.6M | 2,521.2M | 76.0% | | - Freshly brewed drinks | 4,235.0M | 2,256.8M | 68.2% | | Revenues from partnership stores | 1,485.8M | 777.5M | 24.0% | Q2 2023 Profitability (RMB) | Metric | Q2 2023 | Q2 2022 | | :--- | :--- | :--- | | **GAAP Operating Income** | 1,172.8M | 241.6M | | **Non-GAAP Operating Income** | 1,236.3M | 342.6M | | **Net Income/(Loss)** | 998.7M | (114.7M) | | **Non-GAAP Net Income** | 1,062.2M | 267.5M | - Total operating expenses as a percentage of net revenues decreased to **81.1%** in Q2 2023 from 92.7% in Q2 2022, indicating improved operational efficiency and economies of scale[7](index=7&type=chunk) - Net cash provided by operating activities was **RMB 1,444.4 million**, a significant improvement from net cash used in operating activities of RMB 553.1 million in Q2 2022[12](index=12&type=chunk) [Key Operating Data](index=5&type=section&id=KEY%20OPERATING%20DATA) The company demonstrated strong operational growth with total stores reaching 10,836, average monthly transacting customers surging to 43.1 million, and robust same-store sales growth Key Operating Data Trends | | Dec 31, 2022 | Mar 31, 2023 | Jun 30, 2023 | | :--- | :--- | :--- | :--- | | **Total stores** | 8,214 | 9,351 | 10,836 | | Self-operated stores | 5,652 | 6,310 | 7,188 | | Partnership stores | 2,562 | 3,041 | 3,648 | | **Same-store sales growth** | 9.2% | 29.6% | 20.8% | | **Avg. monthly transacting customers (thousands)** | 24,559 | 29,489 | 43,070 | [Financial Statements](index=10&type=section&id=Financial%20Statements) The consolidated financial statements detail a strong financial position with total assets of RMB 14.0 billion, a profitable income statement, and robust operational cash flow [Consolidated Balance Sheet](index=10&type=section&id=CONSOLIDATED%20BALANCE%20SHEET) The balance sheet shows significant growth in total assets to RMB 14.0 billion, driven by increases in cash and property, reflecting the company's rapid expansion Balance Sheet Summary (in thousands RMB) | Account | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Cash and cash equivalents** | 4,671,951 | 3,534,304 | | **Total current assets** | 7,848,194 | 6,037,054 | | **Total assets** | 14,020,325 | 10,480,397 | | **Total current liabilities** | 4,131,886 | 2,828,836 | | **Total liabilities** | 5,711,241 | 3,853,110 | | **Total shareholders' equity** | 6,731,044 | 5,049,247 | [Consolidated Statements of Operations](index=12&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS%20AND%20COMPREHENSIVE%20INCOME%2F%28LOSS%29) The income statement shows an 88.0% YoY revenue increase to RMB 6.2 billion and a significant shift to a net income of RMB 998.7 million from a prior-year loss Q2 Income Statement Highlights (in thousands RMB) | Account | Q2 2023 | Q2 2022 | | :--- | :--- | :--- | | **Total net revenues** | 6,201,429 | 3,298,727 | | **Total operating expenses** | (5,028,613) | (3,057,104) | | **Operating income** | 1,172,816 | 241,623 | | **Net income/(loss)** | 998,704 | (114,707) | | **Basic Net income/(loss) per ADS (RMB)** | 3.12 | (0.40) | [Consolidated Statements of Cash Flows](index=14&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) The company generated RMB 1.44 billion in cash from operations, a substantial improvement from the prior year, while increasing investment in expansion activities Q2 Cash Flow Summary (in thousands RMB) | Activity | Q2 2023 | Q2 2022 | | :--- | :--- | :--- | | **Net cash provided by/(used in) operating activities** | 1,444,410 | (553,120) | | **Net cash used in investing activities** | (876,930) | (69,547) | | **Net cash used in financing activities** | - | - | | **Net increase/(decrease) in cash** | 576,878 | (547,671) | [Reconciliation of Non-GAAP Measures](index=15&type=section&id=RECONCILIATION%20OF%20NON-GAAP%20MEASURES%20TO%20THE%20MOST%20DIRECTLY%20COMPARABLE%20GAAP%20MEASURES) The reconciliation adjusts GAAP figures for items like share-based compensation, showing a Non-GAAP net income of RMB 1,062.2 million to clarify core operating performance Q2 2023 GAAP to Non-GAAP Reconciliation (in thousands RMB) | Metric | GAAP | Adjustments | Non-GAAP | | :--- | :--- | :--- | :--- | | **Operating Income** | 1,172,816 | 63,448 (SBC) | 1,236,264 | | **Net Income** | 998,704 | 63,448 (SBC) | 1,062,152 | - Key adjustments to derive non-GAAP figures include share-based compensation expenses, while the prior year also included adjustments for litigation provisions and fair value changes of a derivative asset[38](index=38&type=chunk)

Financial Data and Key Metrics Changes - Total net revenue increased by 84.5% year-on-year to RMB 4.4 billion, with a GAAP operating profit margin of 15.3% [31][63] - The operating expenses as a percentage of net revenues decreased to 84.7% in Q1 2023 from 99.3% in Q1 2022 [14] - The net margin achieved double digits in Q1 at 12.7% [34] Business Line Data and Key Metrics Changes - Net revenue from self-operated stores reported a 74.9% year-on-year growth, with same-store sales growth (SSSG) of 29.6% [31][63] - Store level operating profit margin of self-operated stores reached 25.2%, up from 18.5% in the same period last year [22][90] - Partnership revenues grew by 106.7% in Q1, contributing 25.6% of total net revenues [82] Market Data and Key Metrics Changes - As of March 31, 2023, the company had 9,349 stores in 240 cities, with 1,135 net new store openings in Q1 [20][75] - The average monthly transacting customers reached about 30 million, doubling from the previous year [65][71] Company Strategy and Development Direction - The company aims to expand market share by accelerating store openings and launching more affordable products [62] - Luckin Coffee is committed to sustainable development and has established a subcommittee on climate change and carbon neutrality [58][16] - The international expansion strategy includes the opening of stores in Singapore to test the business model in overseas markets [18][76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to compete in the rapidly growing Chinese coffee market, emphasizing the importance of consumer value and competitive pricing [89] - The company noted a positive trajectory in business performance, with recovery in consumer spending following the lifting of COVID restrictions [70][81] - Management highlighted the importance of technology-driven operations and cost controls in improving profitability [73][82] Other Important Information - The company reported a positive operating cash flow of RMB 1,072.6 million compared to RMB 107.7 million in Q1 2022 [92] - Expenses related to previously reported fabricated transactions decreased significantly to 0.1% of net revenue in Q1 2023 [24][43] Q&A Session Summary Question: How does the company perceive the competition in the Chinese coffee market? - The company is confident in its ability to compete and plans to improve consumer acquisition through innovative marketing activities [95] Question: Could you please share more color on the operating profit margin and its key drivers? - The operating profit margin achieved a record high of 15.3%, driven by strong business growth and improved efficiency from cost controls [90][96]

Luckin Coffee Inc. Announces First Quarter 2023 Financial Results Exhibit 99.1 First Quarter Net Revenues Increased 84.5% Improved Profitability Profile with GAAP Operating Income Margin of 15.3% More than 1,100 Net New Stores Openings; Expanded to More than 9,300 Stores Started International Expansion with Launch of Stores in Singapore BEIJING, May 1, 2023 (GLOBE NEWSWIRE) — Luckin Coffee Inc. ("Luckin Coffee" or the "Company") (OTC: LKNCY) today announced its unaudited financial results for the three mont ...

Table of Contents | UNITED STATES | | --- | | SECURITIES AND EXCHANGE COMMISSION | | WASHINGTON, D.C. 20549 | | FORM 20-F | | (Mark One) | | ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 | | OR | | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ | | For the fiscal year ended December 31, 2022 | | OR | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | OR | | ☐ SHELL COMPANY ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 20-F x Form 40-F ¨ Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number 001-38896 Luckin Coffee Inc. (Exact Name of Registrant as Specified in Its Charter) 28th Floor, Building T3, Haixi Jingu Plaza 1-3 Taibei Road Siming District, Xiamen City, Fujian People's Republic of China, 361008 +86-592-3386666 (Address of prin ...