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TH International Ltd vs Chagee Holdings Ltd. vs Luckin Coffee Inc.

Latest annual figures from SEC filings. Each company is shown for its own most recent fiscal year, so period ends can differ. Select a figure to see its full history.

Latest fiscal year	TH International Ltd THCH	Chagee Holdings Ltd. CHA	Luckin Coffee Inc. LKNCY
Year ended	2025-12-31	2025-12-31	2025-12-31
Revenue	1.32B CNY	12.91B CNY	49.29B CNY
Revenue growth (YoY)	-5.4%	+4.0%	+43.0%
Gross margin	87.0% (computed)	n/a	n/a
Operating margin	-24.1%	10.4%	10.3%
Net margin	-33.0%	9.1%	7.3%
Net income	-434.49M CNY	1.17B CNY	3.60B CNY
EPS (Diluted)	-13.36 CNY	6.18 CNY	1.40 CNY
Operating cash flow	-12.71M CNY	1.64B CNY	6.09B CNY
Free cash flow	-78.33M CNY	1.23B CNY	3.47B CNY
Cash & equivalents	121.79M CNY	7.61B CNY	2.29B CNY
Total assets	1.18B CNY	11.46B CNY	30.30B CNY
Total liabilities	2.41B CNY	3.89B CNY	13.16B CNY
Shareholders' equity	-1.24B CNY	7.58B CNY	15.62B CNY
Return on year-end equity	n/a	15.5%	23.0%
Shares outstanding	32.04M	n/a	n/a

n/a means the company did not report that line under the concept TickerFacts maps, not that it is zero.

Revenue, most recent five fiscal years

Fiscal year	TH International Ltd	Chagee Holdings Ltd.	Luckin Coffee Inc.
Latest	1.32B CNY Ended 2025-12-31	12.91B CNY Ended 2025-12-31	49.29B CNY Ended 2025-12-31
1 year earlier	1.39B CNY Ended 2024-12-31	12.41B CNY Ended 2024-12-31	34.47B CNY Ended 2024-12-31
2 years earlier	1.56B CNY Ended 2023-12-31	4.64B CNY Ended 2023-12-31	24.90B CNY Ended 2023-12-31
3 years earlier	1.01B CNY Ended 2022-12-31	n/a	13.29B CNY Ended 2022-12-31
4 years earlier	643.37M CNY Ended 2021-12-31	n/a	7.97B CNY Ended 2021-12-31