Luckin Coffee(US:LKNCY) Cai Jing Wang·2025-04-29 11:20Core Insights - Luckin Coffee reported a total net revenue of 8.865 billion RMB for Q1 2025, representing a year-on-year growth of 41.2%, with GMV reaching 10.354 billion RMB [1] - The company achieved a significant increase in GAAP operating profit to 737 million RMB, with an operating profit margin of 8.3% [1] - The total number of stores reached 24,097 by the end of Q1, with a net increase of 1,757 stores during the quarter, marking a 7.9% quarter-on-quarter growth [1] Financial Performance - Total net revenue for Q1 2025 was 8.865 billion RMB, a 41.2% increase year-on-year [1] - GAAP operating profit rose to 737 million RMB, with an operating profit margin of 8.3% [1] - Monthly average transacting customer count reached 74.27 million, a 24% year-on-year increase, with a cumulative customer base of approximately 355 million [2] Store Expansion - The company opened 1,757 new stores in Q1 2025, bringing the total to 24,097 stores [1] - In the Chinese market, 1,743 new stores were added, totaling 24,032 stores, including 15,541 self-operated and 8,491 franchised stores [1] - The international market saw a net increase of 14 stores, totaling 65, with 57 self-operated stores in Singapore and 8 franchised stores in Malaysia [1] Product Performance - The cumulative sales of the "Fresh Coconut Latte," launched four years ago, reached 1.3 billion cups [1] - The newly launched "Fresh Brew Jasmine" achieved a single-day sales record of 1.67 million cups in March [1] Management Changes - Luckin Coffee announced that Guo Jinyi will no longer serve as chairman but will continue as CEO and director [2] - Li Hui has been appointed as the new chairman, with a background in investment management and experience in leading roles at major firms [3] - Li Hui expressed his commitment to driving the company's growth and strategic development alongside Guo Jinyi [3]