霸王茶姬Q3营收32.08亿元，同比下降9.4%。Non-GAAP净利润5.028亿元，同比下降22.2%。公司门店总数达7338家，同比增长25.9%，会员数突破 2.22亿，大中华区单店GMV下滑28.3%，而海外GMV同比激增75.3%。 核心运营数据： | Kev Operating Data | | | | | | | --- | --- | --- | --- | --- | --- | | | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | | Total teahouses | 5,828 | 6,440 | 6.681 | 7,038 | 7,338 | | Franchised teahouses | 5.676 | 6.271 | 6.490 | 6.799 | 6.971 | | Greater China market | 5,566 | 6.145 | 6,362 | 6.666 | 6.836 | | Overseas markets | 110 | 126 | 128 | 13 ...