瑞幸咖啡2025年净增门店8708家 门店总数达31048家

Core Insights - Luckin Coffee reported a total net revenue of 12.777 billion yuan for Q4 2025, representing a year-on-year growth of 32.9% [1] - For the full year 2025, total net revenue reached 49.288 billion yuan, with a year-on-year increase of 43.0% [1] Financial Performance - Q4 2025 self-operated store revenue was 9.547 billion yuan, up 32.0% year-on-year; franchise store revenue was 2.847 billion yuan, increasing by 39.2% [1] - The GAAP operating profit for Q4 2025 was 821 million yuan, with an operating margin of 6.4% [1] - For the full year 2025, self-operated store revenue totaled 36.243 billion yuan, a 41.6% increase; franchise store revenue was 11.594 billion yuan, up 49.7% [1] - The annual GAAP operating profit was 5.073 billion yuan, with an operating margin of 10.3% [1] Store Operations - In Q4 2025, Luckin Coffee added 1,834 new stores, bringing the total number of stores to 31,048 by the end of the year, a 39.0% year-on-year increase [1] - The average monthly transacting customer count for Q4 2025 grew by 26.5% year-on-year, reaching 98.35 million; for the full year 2025, this figure increased by 31.1% to 94.15 million [1] Strategic Focus - The company emphasizes a sustainable development strategy, integrating social value and humanistic care into daily operations [2] - Luckin Coffee aims to enhance its market leadership by expanding both supply and demand sides, focusing on systematic operational capabilities [2] - The company plans to continue providing high-quality, cost-effective products that resonate emotionally with customers while expanding its business scale to create long-term value for shareholders [2]