Chagee Holdings CHA

[winston]

not vested

Chagee Holdings, a Chinese bubble tea chain, is seeking to raise US$411 million in an initial public offering (IPO) in the US, despite spiking stock volatility from US President Donald Trump’s tariff measures.

The Shanghai-based company is offering 14.68 million American depositary shares for US$26 to US$28 each, according to a filing on Thursday with the US Securities and Exchange Commission.

At the top of the price range, Chagee would have a market value of about US$3.3 billion based on the outstanding shares listed in the filing.

Source: Phillips

[winston]

not vested

Chinese tea chain Chagee launches US IPO defying stock slump

By Yiqin Shen

Funds affiliated with CDH Investment Management Co, RWC Asset Management and RWC Asset Advisors (US), Allianz Global Investors Asia Pacific Ltd and ORIX Asia Asset Management Ltd indicated interest in buying as much as US$205 million worth of ADS in aggregate at the IPO price.

Chagee’s network comprised 6,440 tea houses as of December 2024, with the number growing approximately 83% year over year.

Founder and chief executive officer Junjie Zhang, who started the company in 2017, is set to have 89% of the aggregate voting power after the offering, according to the filing.

Chagee’s IPO is being led by Citigroup Inc, Morgan Stanley, Deutsche Bank AG and China International Capital Corp, the filing shows.

The shares are expected to trade on the Nasdaq Global Select Market under the symbol CHA.

Source: Bloomberg

https://theedgemalaysia.com/node/751102

[winston]

not vested

Chinese tea chain Chagee CEO becomes a billionaire after US$411 million US IPO

Premium tea-drinks, with an average price of 17 yuan (S$3.10) per cup, represented 26 per cent of the China market last year versus 11 per cent in 2019.

Chagee has a network of over 6,440 shops, with the vast majority of them located in China and a presence abroad in Malaysia, Singapore and Thailand.

Around 6,270 of the teahouses are franchised and 169 are company-owned.

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... ion-us-ipo

[winston]

not vested

Chagee marches ahead in latest overseas push

The company operated 156 stores overseas by the end of 2024. It plans to open 1,000 to 1,500 new stores globally this year.

As of the end of 2024, Chagee operated 6,440 stores worldwide — 6,217 of which were franchises — representing an 83 percent increase from the previous year.

Its 2024 GMV (Gross Merchandise Volume) surged 173 percent year-on-year to 29.5 billion yuan ($4.04 billion), with average monthly GMV per store in China hitting 5.12 million yuan.

Its annual revenue reached 12.41 billion yuan, while net profit came in at 2.52 billion yuan — translating to a net margin of 20.3 percent, significantly above the industry average.

Same-store GMV growth slowed in the second half of 2024, declining 18.4 percent year-on-year in the fourth quarter. Analysts attribute the slowdown in part to market cannibalization from the rapid opening of new stores in the same areas.

Source: China Daily

https://www.thestar.com.my/business/bus ... rseas-push

[winston]

not vested

How China’s Chagee achieves explosive growth in a crowded F&B market

56% of revenue comes from membership-driven sales, managed by our 300-member backend team.

40% of sales come from delivery platforms.

Piece-rate pay system: Employees earn commissions for each scan, making the process straightforward—each scan earns 1 yuan.

Performance assessment based solely on customer satisfaction.

Mentorship system inspired by Haidilao: Store managers and their apprentices hold shares, ensuring that the final decision-makers at the store level are also stakeholders.

Source: The Low Down

https://thelowdown.momentum.asia/how-ch ... fb-market/

[winston]

Chagee Announces First Quarter 2025 Unaudited Financial Results

As of March 31, 2025, the Company operated a total of 6,681 teahouses in Greater China and overseas, representing 63.6% growth in the number of teahouses from March 31, 2024.

Total GMV generated in the first quarter of 2025 was RMB8,226.8 million, representing a 38.0% increase from the same quarter of 2024

Chagee’s Mobile Mini Program had a total of 192.4 million registered members as of March 31, 2025, representing 109.6% growth

Chagee had 44.9 million active members in the first quarter of 2025, representing a 21.4% year-over-year increase.

Net revenues increased by 35.4% to RMB3,392.7 million (US$467.5 million) from RMB2,506.6 million in the same quarter of 2024.

Net income increased by 13.8% to RMB677.3 million (US$93.3 million)

Basic and diluted net income per ordinary share was RMB3.92 (US$0.54), compared to RMB3.32 in the same quarter of 2024.

Cash and cash equivalents, restricted cash, and time deposits were RMB5,392.4 million (US$743.1 million) as of March 31, 2025, compared to RMB4,868.7 million as of December 31, 2024.

Global Newswire

https://finance.yahoo.com/news/chagee-a ... 00659.html

[winston]

vested

Chagee Announces Second Quarter 2025 Unaudited Financial Results

As of June 30, 2025, there were 7,038 teahouses within the Company’s teahouse network in Greater China and overseas, representing a 40.9% increase in the number of teahouses as of June 30, 2024.

Net revenues increased by 10.2% to RMB3,331.9 million (US$465.1 million) from RMB3,023.3 million

GAAP net income decreased by 87.7% to RMB 77.2 million (US$10.8 million) from RMB628.7 million in the same quarter of 2024.

Source: Globe Newswire

https://finance.yahoo.com/news/chagee-a ... 00528.html

[winston]

vested

Tea chain Chagee is sticking to high prices despite sales plunge

The Shanghai-based freshly-brewed tea chain has more than 200 international stores out of its network of 7,000 stores

Chagee’s second-quarter sales growth slowed to 10 from 35 per cent in the previous period, while adjusted operating income dropped 10 per cent compared with double-digit gains in the first quarter.

Same-store sales in the Greater China region plunged 23 per cent.

Chagee has more than 200 international stores out of its network of 7,000 stores. Sales in overseas markets surged 70 per cent in the second quarter.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... les-plunge

[winston]

vested

Teahouse chain Chagee exploring Hong Kong listing — Bloomberg

By Dong Cao, Julia Fioretti & Pei Li

Chagee is in initial talks with banks about a share sale that may raise several hundred million dollars, possibly this year.

Founded in 2017 in China’s southwest Yunnan province, Chagee specialises in premium, milk-based teas using traditional Chinese blends. It had a network of 7,338 teahouses as of the end of September, primarily in China.

Chagee’s US shares have fallen more than 50% since its April 2025 listing, leaving the company with a market value of about US$2.5 billion (RM10.2 billion).

Revenue declined 9.4% from a year earlier in the third quarter to about US$450 million, while net income slid by more than 35% amid low-price competition from Chinese food delivery platforms.

Source: Bloomberg

https://theedgemalaysia.com/node/788489

[winston]

<Results> Chagee Holdings (CHA.US), Parent Company of Bawang Chaji, Reports 95% Drop in Quarterly Profit; Net Revenue Falls 11%

Chagee Holdings (CHA.US), the parent company of the mainland chain tea shop Bawang Chaji, announced its results for the fourth quarter of last year.

The quarterly profit attributable to shareholders dropped by 95% year-on-year to RMB28.54 million, with a quarterly diluted EPS of RMB 0.15.

The quarterly net revenue fell by 11% year-on-year to RMB3.334 billion.

The quarterly operating loss was RMB35.5 million, primarily due to business restructuring and transformation expenses, as well as equity compensation expenses.

The platform's gross transaction volume for the quarter decreased by 10% year-on-year to RMB7.323 billion, with the Greater China region declining by 13% year-on-year to RMB6.951 billion, while the overseas market rose by 85% year-on-year to RMB372 million.

Chagee Holdings fell by 3.1% yesterday (31st) to USD9.31, with its market capitalization dropping to USD1.709 billion.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN