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Core Insights - Luckin Coffee is actively pursuing the process of returning to the US main board for listing, guided by the local government [1] - The company currently does not have a definitive timeline for this return, focusing instead on its business strategy and development [1] - Despite past financial fraud issues in 2020, which led to a $180 million fine and the departure of its former leadership, Luckin Coffee has managed to recover and become a leading coffee chain in China [1] Financial Performance - In Q2 2025, Luckin Coffee reported total net revenue of 12.359 billion RMB, a year-on-year increase of 47.1% [3] - GAAP operating profit for the same quarter reached 1.7 billion RMB, up 61.8%, with an operating profit margin of 13.8% [3] - The gross merchandise volume (GMV) for Q2 was 14.179 billion RMB [3] Store Expansion - The company opened 2,109 new stores in Q2, bringing the total number of stores globally to 26,206 [4] - In China, 2,085 new stores were added, totaling 26,117 stores, with 16,903 being self-operated and 9,214 being partner-operated [4] - Internationally, 24 new stores were opened, with a total of 89 overseas locations, including 63 in Singapore and 2 in the US [4] Strategic Store Locations - The first two stores opened in the US are strategically located in Manhattan, New York, targeting high-traffic areas with significant consumer potential [4] - One store is near New York University, catering to a large number of international students, particularly from China [4] - The other store is close to the Empire State Building and major shopping areas, directly competing with Starbucks [4]