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MARKETS / NASDAQ / CHA
NASDAQ · RETAIL-EATING & DRINKING PLACES · SMALL CAP

Chagee Holdings Ltd. CHA

3 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 12.9B
▲ 4.0% YoY
CNY 1.2B
▼ 53.5% YoY
CNY 1.2B
▼ 53.0% YoY
In brief

What this company does

CHAGEE serves freshly-made tea drinks. Its core product offering consists of seven choices of tea latte, made from tea leaves and steamed milk. As of December 31, 2025, its network comprised 7,453 teahouses, including 7,108 across 32 of 34 province-level divisions in China and 345 overseas. Of these teahouses, 6,838 were franchised and 615 were company-owned. Its overseas footprint covers seven countries: Singapore, Malaysia, Thailand, Indonesia, Vietnam, the Philippines, and the United States. The company opened its first CHAGEE teahouse in Yunnan, China, in November 2017.

Written from the business description in Chagee Holdings Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 29 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 12.9B
Revenue, FY2025 · full 3-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 12.9 · Net income 1.2
5B10B202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 10.4% · Net 9.2%
10%20%202320242025
ROE
FY2025 · ROE 23.4%
50%202320242025

Each CNY of equity produced 23 cents of profit this year.

Cash & shareholders
CNY 1.2B
returned in FY2025 · dividends + net buybacks
Free cash flow CNY B
FY2025 · FCF 1.2
1B2B202320242025
Net buybacks CNY B Dividends CNY B
FY2025 · Dividends 1.2 · Net buybacks —
0.5B1.0B20242025

CNY 1.2B in dividends — 105% of the year's profit, so the payout drew on cash built up earlier.

Total assetsCNY 11.5B
EquityCNY 7.3B
CashCNY 7.6B
Current ratio3.11×

Equity funds 64% of total assets.

The 3-year record
3 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023
Revenue CNY B12.912.44.6
Operating income CNY B1.32.91.1
EBITDA CNY B1.52.91.1
Income tax CNY B0.40.50.2
Net income CNY B1.22.50.8
Free cash flow CNY B1.22.61.9
EPS, diluted CNY 6.1814.264.98
Dividend / sh CNY ···
Payout %105··
ROE %23.494.8·
Shares out B·0.10·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 10 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 66 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Eating & Drinking Places
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2023

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