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<Results> Chagee Holdings (CHA.US), Parent Company of Bawang Chaji, Reports 95% Drop in Quarterly Profit; Net Revenue Falls 11%
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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 RMB0.15. 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. (fc/w) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. |
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