CHABAIDAO's revenue in 2025 is expected to reach 5.4 billion: deepening the layout of stores in lower-tier cities

Leidi Network, Lei Jianping, March 27 CHABAIDAO (02555.HK) today released its performance announcement for the year ending December 31, 2025. The financial report shows that CHABAIDAO's revenue for 2025 is RMB 5.395 billion, an increase of 10% compared to RMB 4.918 billion in the same period last year. In 2025, CHABAIDAO's revenue from sales of goods and equipment is RMB 5.121 billion, a 10.1% increase from RMB 4.652 billion in the same period last year, accounting for 94.9% of total revenue; revenue from franchise fees and royalties is RMB 192 million, accounting for 3.6%; and other income is RMB 82.66 million, accounting for 1.5%. CHABAIDAO's gross profit for 2025 is RMB 1.754 billion, an increase of 14.27% from RMB 1.535 billion in the same period last year. A total of 8,621 stores deepening layout in lower-tier cities CHABAIDAO has a total of 8,621 stores in 2025, including 779 stores in first-tier cities, 2,163 stores in new first-tier cities, 1,701 stores in second-tier cities, 1,682 stores in third-tier cities, and 2,296 stores in fourth-tier and lower cities. CHABAIDAO stated that the layout of stores in lower-tier cities has further deepened, with the number of stores in fourth-tier and lower cities increasing by 7.0% compared to the same period last year. Strategically, CHABAIDAO operates a small number of directly-operated stores in core cities to create an immersive consumption experience, serving as a platform for brand image display and innovative scenarios. As of December 31, 2025, CHABAIDAO has 13 directly-operated stores As of December 31, 2025, CHABAIDAO has a total of 38 overseas stores, with 18, 5, 3, 3, 2, 1, 2, 2, 1, and 1 stores opened in South Korea, Malaysia, Singapore, Thailand, Australia, Hong Kong, Macau, France, Spain, and the United States, respectively. CHABAIDAO is accelerating its coffee business, with public information showing that coffee products have been launched in stores in Guangzhou, Shenzhen, Shanghai, Chengdu, Beijing, and other locations. Adjusted net profit for 2025 is 830 million. CHABAIDAO's profit for the year 2025 is 821 million, an increase of 71% compared to 479 million in the same period last year; adjusted net profit is 830 million, an increase of 29% compared to 645 million in the same period last year. CHABAIDAO's EBITDA for 2025 is 1.067 billion, an increase of 58.78% compared to 672 million in the same period last year; adjusted EBITDA is 1.08 billion, an increase of 29% compared to 837 million in the same period last year. CHABAIDAO's adjusted EBITDA margin for 2025 is 20%, up from 17% in the same period last year, an increase of 3 percentage points. As of December 31, 2025, CHABAIDAO holds cash and cash equivalents of 3.071 billion. There are views that CHABAIDAO's core capability construction has entered a value realization period, ushering in an inflection point for financial data improvement and business recovery, opening a new channel for high-quality growth. ———————————————