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Company Overview - Luckin Coffee reported a total net revenue of 12.359 billion yuan for Q2 2025, marking a new record for quarterly revenue and a year-on-year growth of 47.1% [1] - The GAAP operating profit reached 1.7 billion yuan, with an operating profit margin of 13.8%, while the net profit attributable to ordinary shareholders was 1.251 billion yuan, reflecting a year-on-year increase of 44% [1] Store Expansion and Sales Performance - As of the end of Q2 2025, Luckin Coffee had a total of 26,200 stores, ranking second in the country, just behind Starbucks [1] - The company opened 2,109 new stores during the reporting period, with same-store sales growth for self-operated stores rising to 13.4% [1] - The average monthly transaction customer count reached 91.7 million, representing a year-on-year growth of 31.6% [1] International Expansion Strategy - Since launching its international strategy in 2024, Luckin Coffee has been steadily expanding its overseas store presence, entering markets such as Singapore, Hong Kong, and Malaysia [2] - In June 2025, the company began trial operations of two PICK UP stores in Manhattan, New York, highlighting its brand appeal and market potential in the U.S. [2] - The CEO emphasized the importance of the U.S. market as a key strategic area for Luckin Coffee's global expansion [2] Market Potential and Industry Insights - According to Deloitte's reports, China's per capita coffee consumption has increased from 9 cups per year in 2021 to approximately 22 cups per year in 2024, indicating significant growth potential compared to the U.S. and other Asian countries [3] - Frost & Sullivan projects that the domestic freshly brewed coffee market will grow to 331.4 billion yuan by 2027, with a growth rate exceeding 20%, suggesting that the industry is still in a phase of substantial opportunity [3]