Luckin Coffee(US:LKNCY) Xin Lang Cai Jing·2026-02-27 07:32Core Insights - Luckin Coffee reported a total net revenue of 12.777 billion RMB for Q4 2025, representing a year-on-year growth of 32.9% [2] - For the entire year of 2025, total net revenue increased by 43.0% to 49.288 billion RMB [2] - The total number of stores reached 31,048 by the end of Q4, with cumulative transaction customers exceeding 450 million [2] Financial Performance - Q4 2025 net revenue: 12.777 billion RMB, up 32.9% year-on-year [2] - Full-year 2025 net revenue: 49.288 billion RMB, up 43.0% year-on-year [2] - Monthly average transaction customers in Q4 reached 98.35 million, a 26.5% increase year-on-year [2] Product Development - In Q4 2025, Luckin launched 30 new ready-to-drink beverages and several light meals, totaling over 140 new products for the year [2] - Non-coffee beverage sales volume increased by 39% year-on-year, reaching 4.1 billion cups, with non-coffee drinks accounting for over 20% of total beverage sales [2] Customer Engagement - Since June 2025, the average monthly transaction customers have consistently exceeded 10 million for five consecutive months [2] - The total number of new transaction customers for the year exceeded 11 million, bringing the cumulative total to over 450 million by year-end [2] Social Responsibility - Luckin opened its first barrier-free design store in Hangzhou and is actively promoting standardized, replicable employment solutions for individuals with disabilities nationwide [3]