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 ...

Luckin Coffee Inc. (OTCPK:LKNCY) Q4 2022 Earnings Conference Call March 2, 2023 8:00 AM ET Company Participants Alicia Guo - IR Jinyi Guo - Chairman & CEO Jing An - CFO Conference Call Participants Operator Ladies and gentlemen, welcome to Luckin Coffee's Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in listen-only mode, during management prepared remarks and there will be a question-and-answer session to follow. Today's conference is being recorded. At this time, I wo ...

Continues to Advance ESG Initiatives and Sustainable Development Goals BEIJING, March 2, 2023 (GLOBE NEWSWIRE) — Luckin Coffee Inc. ("Luckin Coffee" or the "Company") (OTC: LKNCY) today announced its unaudited financial results for the three months ended December 31, 2022 and fiscal year 2022. Exhibit 99.1 Luckin Coffee Inc. Announces Fourth Quarter and Full Year 2022 Financial Results More than 2,100 Net New Store Openings in Fiscal Year 2022; Ended 2022 with More than 8,200 Stores in China Fiscal Year 202 ...

Financial Data and Key Metrics Changes - Total net revenue for Q3 2022 was RMB3.9 billion, representing a year-over-year increase of 65.7% [11][23] - Operating profit margin reached 15%, marking the first time achieving double-digit margins in company history [11][24] - Self-operated stores profit margin was 29.2%, with same-store sales growth (SSSG) of 19.4% [11][28] - Average monthly transacting customers reached 25.1 million, a year-over-year increase of 71% [11][24] Business Line Data and Key Metrics Changes - Net revenue from self-operated stores grew over 50% year-over-year, with SSSG close to 20% [23] - Partnership revenue grew by more than 110% in Q3, now accounting for 23.1% of total net revenues [23][28] - The company opened 651 net new stores in Q3 2022, the strongest growth since 2020 [25][26] Market Data and Key Metrics Changes - As of the end of Q3 2022, the company had 7,846 stores across over 230 cities [36] - The company retained its leading position in the industry with significant store presence and expansion plans [15][36] Company Strategy and Development Direction - The company is committed to its long-term strategy focusing on coffee and enhancing customer insights while navigating fierce competition [10] - Plans to officially launch sustainable development strategies in the first half of 2023, emphasizing long-term value creation and social responsibility [12][41] - The company aims to deepen strategic cooperation with leading coffee bean traders to enhance supply chain efficiency [16] Management's Comments on Operating Environment and Future Outlook - Management noted the ongoing impact of COVID-19 restrictions, with an average of 330 daily store closures in September and October 2022 [22] - The company is not providing forward-looking guidance due to the uncertain operating environment but remains optimistic about its financial performance [22] - Management expressed confidence in the growth potential of China's coffee market and the company's ability to expand its footprint [10][39] Other Important Information - The company has established a sustainable development governance structure and released a corporate governance report detailing its transformation over the past two years [12][42] - The company reported a positive operating cash flow of RMB470 million in Q3 2022, with a strong cash position of close to RMB4 billion [30][31] Q&A Session Summary Question: Store expansion expectations and future plans - Management confirmed that the store expansion is in line with expectations, with plans to continue expanding in both higher and lower-tier cities [36][39] Question: Focus on sustainability development strategy - The company initiated its sustainability strategy to align business growth with social responsibility, emphasizing corporate governance as a foundation for sustainable practices [40][42] Question: Drivers of SSSG growth and sustainability - Key drivers include new product launches and strong performance of existing products, with ongoing efforts to optimize store efficiency and customer engagement [43][44] Question: Average monthly transaction customers and retention strategies - The increase in monthly transaction customers is attributed to new store openings and successful product launches, with ongoing marketing initiatives to attract and retain customers [47][48] Question: Update on restructuring and capital market strategy - The company has made substantial progress in resolving historical legal issues and opted for early debt redemption to optimize its capital structure and enhance operational flexibility [50][54][56]