Performance Report: Cha Baidao Achieves 2.5 Billion Yuan in Total Revenue in H1, Net Profit Soars 40% YoY

In the first half of the year, the number of registered members of Cha Paidao exceeded 160 million, a year-on-year increase of over 40%.

On August 29th, Cha Baidao released its performance announcement for the first half of 2025. The financial report shows that in the first half of the year, Cha Baidao's total revenue reached 2.5 billion yuan, a year-on-year increase of 4%; the net profit was 333 million yuan, a year-on-year increase of 40%, achieving double growth in revenue and profit. In addition, the gross profit during the period was 815 million yuan, a 7.2% increase compared with the same period last year, and the gross profit margin was 32.6%, up 0.9 percentage points compared with the same period last year.

In terms of the overseas market, currently, Cha Baidao's overseas stores have opened in 8 countries and regions including South Korea, Spain, and Singapore, and the number of signed stores has exceeded 40.

It is worth mentioning that Cha Baidao has obtained the franchise qualification in the South Korean market and has the ability for large-scale chain operation. Currently, the number of stores in South Korea has reached 18. In addition, the first stores of Cha Baidao in France and the United States are also about to open.

In terms of the supply chain, Cha Baidao's national warehousing and distribution centers have increased to 26. By expanding the scale of self - procurement from production areas and adopting a three - level distribution model of "trunk line + city + express delivery", it has built a full - link high - frequency cold - chain supply network, which not only improves the overall operational efficiency but also effectively reduces the comprehensive operating costs.

The report shows that currently, about 93.8% of the stores can receive replenishment the next day after placing an order, and about 95% of the stores can receive delivery services twice or more per week. The number of stores with night delivery services in Beijing, Shanghai, Chengdu, Chongqing and other places has exceeded 500. At the same time, the unified distribution rate of fruits for stores has continuously increased to 80%.

In terms of R & D and innovation, during the reporting period, Cha Baidao's R & D expenses were 14.1 million yuan, basically the same as the same period last year. Specifically for new products, Cha Baidao launched a total of 55 new products in the first half of the year. It is reported that nearly 20 million cups of its "Real Fresh Iced Milk" series products have been sold. With a continuously enriched product matrix, the number of registered members of Cha Baidao exceeded 160 million in the first half of the year, a year - on - year increase of over 40%, among which the number of active members reached 34.2 million.

A research report recently released by CICC believes that with the advantages of a diversified product matrix, a nationally - distributed supply chain capability, and a perfect franchise management system, Cha Baidao is expected to achieve good performance growth through continuous store expansion in the future, and it has given Cha Baidao an "Outperform the Industry" rating.

The board of directors of Cha Baidao said that in the second half of 2025, it will adhere to the group's development strategy, focus on upgrading the quality and efficiency of stores, deepen the construction of core capabilities, actively respond to market changes, and promote the long - term high - quality development of the brand.

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Performance Report | Cha Baidao's total revenue in the first half of the year reached 2.5 billion yuan, with a year-on-year net profit increase of 40%.