LKNCY vs THCH
Luckin Coffee Inc. and TH International Ltd., side by side — 6 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | LKNCY | THCH |
|---|---|---|
| Revenue | CNY 49.3B | CNY 1.3B |
| Net income | CNY 3.6B | CNY -434.5M |
| Gross margin | — | 87.0% |
| Net margin | 7.3% | −33.1% |
| Return on equity | 26.5% | — |
| Diluted EPS | CNY 1.40 | −CNY 13.36 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | CNY 3.5B | CNY -78.3M |
| Equity | CNY 15.6B | CNY -1.2B |
| Net debt / equity | — | — |
| Current ratio | 1.70× | 0.33× |
| Revenue CAGR 5y | 65.0% | 44.1% |
| Profit CAGR 5y | — | — |
LKNCY bills 37.4× the revenue of THCH, and THCH closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
6 years side by side
| Fiscal year | LKNCY | THCH |
|---|---|---|
| FY2025 | CNY 49.3B | CNY 1.3B |
| FY2024 | CNY 34.5B | CNY 1.4B |
| FY2023 | CNY 24.9B | CNY 1.6B |
| FY2022 | CNY 13.3B | CNY 1.0B |
| FY2021 | CNY 8.0B | CNY 643.4M |
| FY2020 | CNY 4.0B | CNY 212.1M |
Net income by year
Bottom line
| Fiscal year | LKNCY | THCH |
|---|---|---|
| FY2025 | CNY 3.6B | CNY -434.5M |
| FY2024 | CNY 3.0B | CNY -412.1M |
| FY2023 | CNY 2.8B | CNY -876.3M |
| FY2022 | CNY 488.2M | CNY -742.6M |
| FY2021 | CNY 578.7M | CNY -381.7M |
| FY2020 | CNY -5.6B | CNY -142.0M |
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