Core Insights - Bawang Chaji (NASDAQ: CHA) reported its Q3 2025 financial results, showing a total GMV of 7.93 billion yuan and net revenue of 3.21 billion yuan, with adjusted net profit at 503 million yuan as of September 30, 2025 [1][2] - The company has achieved profitability for 11 consecutive quarters, with a healthy cash flow of 9.14 billion yuan and no interest-bearing debt [2] Group 1: Financial Performance - As of September 30, 2025, Bawang Chaji's global store count reached 7,338 [1] - The overseas GMV exceeded 300 million yuan, marking a year-on-year increase of 75.3% and a quarter-on-quarter growth of 27.7% [2] - The number of registered members on the Bawang Chaji mini-program reached 222 million, reflecting a year-on-year growth of 36.7% [1][7] Group 2: International Expansion - Bawang Chaji entered the Philippine and Vietnamese markets in Q3, with overseas store count reaching 262 [4] - The company opened three stores in the Philippines on August 29, 2025, selling over 23,000 cups in the first three days [4] - In Malaysia and Thailand, Bawang Chaji launched popular new products and celebrated milestones, including surpassing 200 stores in Malaysia [6] Group 3: Product Innovation and Marketing - Bawang Chaji introduced new products such as "Dian Olive" vitality light fruit tea and regional limited editions that gained popularity [9] - The company launched the "Qingyu Xiangti" series in collaboration with Pop Mart's HACIPUPU, achieving a 50% sales share on the first day in Malaysia [4] - The company opened the largest "Super Tea Warehouse" in Hong Kong, enhancing customer experience with various tea-making methods [7]
霸王茶姬发布三季度财报，海外GMV涨超75％