股价一度跌超15%，霸王茶姬深夜回应“咖啡因”问题

Core Viewpoint - The stock of Bawang Chaji experienced significant volatility, with a drop of over 15% on December 26, reaching a new low since its listing, before closing down 2.54% at $11.90 per share, resulting in a market capitalization of $2.18 billion [1][2]. Group 1: Stock Performance - On December 26, Bawang Chaji's stock fell by more than 15% during trading, marking a new low since its IPO [1]. - The stock closed at $11.90 per share, with a total market value of $2.18 billion [1][2]. - The stock's trading volume was 5.02 million shares, with a price-to-earnings ratio of 9.03 [2]. Group 2: Consumer Concerns - On December 26, "Bawang Chaji caffeine" became a trending topic on Weibo, with multiple users reporting symptoms such as palpitations and insomnia after consumption [3]. - Bawang Chaji responded to the caffeine controversy, stating that the caffeine content in their tea is comparable to that of a latte and significantly lower than that of an Americano [3]. Group 3: Financial Performance - Bawang Chaji reported its Q3 2025 financial results on November 28, showing a total GMV of 7.93 billion yuan and net revenue of 3.21 billion yuan [4]. - The company achieved an adjusted net profit of 503 million yuan and has maintained profitability for 11 consecutive quarters [4]. - The overseas GMV exceeded 300 million yuan in Q3, reflecting a year-on-year increase of 75.3% and a quarter-on-quarter growth of 27.7% [4].