霸王茶姬2025年Q3季度业绩报告

DISCLAIMER and similar statements.Chageemay also make written or oral forward-looking statements in its periodic reports to the U.s.Securities and Exchange Commission (the"SEc"),in its annual report to shareholders, in press releases and other writtenmaterials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Chagee's beliefs and expectations, are forward-looking statements.Forward-looking statements involve inherent risks and uncertainties.A number of factors could cause actual results to differ materially from those contained in anyforward-looking statement, including but not limited to the following: Chagee's growthstrategies; its future business development, results of operations and financial condition; its ability to retain and attract its customers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improvequality control policies and measures; its ability to establish and maintain relationships with its suppliers and business partners; trends and competition in China's freshly-made tea drinks industry or China's food and beverage sector in generalichanges in its revenues and certain cost or expense items; the expected growth of China's freshly-made tea drinks industry or China's food and beverage sector in general; governmental policies and regulations relating to Chagee's industry, and performance and formulate business plans.The Company also believes that the use of this non-GAAP measure facilitates investors'assessment of the operating performance.This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP.This non-GAAP financial measure has limitations as an analytical tool.One of the key limitations of using this non-GAAP its comparability may be limited.The Company compensates for these limitations by reconciling this non-GAAP financial measures to the nearest U.S. GAAP performance measure,all of which should be considered when evaluating theperformance.The Company encourages you to review thefinancial information in its entirety and notrelyon a singlefinancial measure.The Company non-GAAP financial measure reflects adjustments for share-based compensation expense.The Company believes that the exclusion of share-based compensation expense is appropriate because it eliminates the impact of non- asignificantcomponentoffutureexpensesandmayincrease infutureperiods. HIGHLIGHTSFINANCIALHIGHLIGHTS HIGHLIGHTS Delivering Resilient Performance in a Competitive Market 2. GMv (gross merchandise value)refers to gross merchandise value,akey operating metric that ourmanagement uses to measure and evaluate teahouses'sales performance,which represents the sales value of product(s) inconsumer orders (excluding unfulfilled,canceledorreturnedconsumerorders,andincludingrelevantvalue-addedtaxes)beforediscounts,ifany,are applied,includingshippingchargespaidbyconsumersforordersplaced on our mobile mini program, but excluding those charges paid by consumers for orders placed on other third-party online delivery platforms.3.Registeredmembersreferto memberaccountsregistered with ourmobilemini program54.Non-GAAPnetincome.Calculatedbynetincomeexcludingshare-basedcompensationexpenses Flagship Teahouse Openings in Q3 Product Innovationand Branding Promotion Creating Sustainable Value Through Quality-Centric Development engaging contentandexperiences the teahouse network quality products 2FINANCIALHIGHLIGHTS Highlights of Revenues and Profitability Highlights of Cost and Operating Expenses Highlights by Operating Models Solid Cash Generation Capability Cash and cashequivalents, restrictedcash, and time deposits RMB9,142 million as of September 30, 2025 Net cash provided byoperating activitiesthree months ended September 30, 2025 Q&A Chagee Holdings Limited InvestorRelationsWebsite: investor.chagee.comEmail:Chagee.IR@icrinc.comPhone:+1(212)537-5825