瑞幸咖啡2025年净增门店8708家

Financial Performance - In Q4 2025, Luckin Coffee reported total net revenue of 12.777 billion RMB, a year-on-year increase of 32.9% [1] - For the entire year of 2025, total net revenue reached 49.288 billion RMB, reflecting a year-on-year growth of 43.0% [1] - Q4 GAAP operating profit was 821 million RMB, with an operating margin of 6.4% [1] - The annual GAAP operating profit for 2025 was 5.073 billion RMB, resulting in an operating margin of 10.3% [1] - The Gross Merchandise Volume (GMV) for the year was 56.649 billion RMB, up 42.3% year-on-year [1] Store Expansion - 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 [2] - For the entire year, the company net added 8,708 stores [2] - As of December 31, 2025, the total number of stores in the Chinese market (including Hong Kong) reached 30,888, with 20,144 self-operated stores and 10,744 partner-operated stores [2] - In the international market, 42 new stores were added in Q4, totaling 160 stores, including 81 self-operated stores in Singapore, 9 in the United States, and 70 franchise stores in Malaysia [2]