Chagee Holdings Limited, operating through its various subordinate entities, is engaged in the ownership, operation, and licensing of teahouse establishments bearing the ...
Chagee Holdings Limited is a consumer-facing food and beverage business focused on modernizing traditional tea culture through the CHAGEE brand. Since commencing operations in 2017, the company has grown a network of CHAGEE teahouses that can be owned and operated directly as well as expanded via licensing/franchise-like models (described as ...Chagee Holdings Limited is a consumer-facing food and beverage business focused on modernizing traditional tea culture through the CHAGEE brand. Since commencing operations in 2017, the company has grown a network of CHAGEE teahouses that can be owned and operated directly as well as expanded via licensing/franchise-like models (described as licensing of teahouse establishments bearing the distinctive CHAGEE brand). The company is headquartered in Shanghai, China, and is led by founder and CEO Junjie Zhang.
From a business perspective, Chagee’s model combines (1) customer-facing tea beverage retail and (2) an enabling supply-and-services layer that supports the brand network. Beyond selling finished tea drinks, Chagee also distributes or supplies the underlying components needed to produce those beverages at scale—such as tea-based beverage raw ingredients, packaging materials, and specialized teahouse equipment—along with other operational supplies. This supports consistency across locations, brand standards, and product quality. The company also leverages digital platforms to facilitate ordering, marketing, and customer engagement, aligning a traditional product category with modern lifestyle and commerce channels.
In terms of products and services, the core offering is “freshly made” tea drinks, offered through its teahouse operations. The upstream supply of ingredients, packaging, and equipment can be viewed as part of the bill-of-materials (BOM) and operating tooling of the business: tea leaves/tea bases and other beverage components drive variable product costs, while packaging and equipment relate to both unit economics (packaging per order) and fixed/ongoing store capability (equipment availability and refresh needs). Managing these inputs is typically crucial to maintaining gross margins and service speed in beverage operations.
Financially, the provided trailing metrics indicate a business with meaningful profitability and cash generation characteristics for its sector: gross profit margin (TTM) of ~0.44 and net profit margin (TTM) of ~0.072 are consistent with a branded, repeat-purchase driven beverage model where scale can support margin durability. Liquidity indicators in the provided data show relatively strong current liquidity (current ratio ~3.42) and low net debt relative to earnings capacity (net debt to EBITDA multiple shown as negative in the snapshot). Leverage appears modest (debt-to-equity ~0.17), which can be important for funding expansion without excessive financial risk.
Key people, as indicated in the supplied information, include Junjie Zhang (CEO/founder). For stakeholders, the company’s “wishes” and priorities are not explicitly stated in the provided data, but based on its business design, operational focus likely centers on (a) expanding brand reach, (b) maintaining quality and standardization across company-operated and licensed teahouses, (c) improving digital engagement and conversion, and (d) scaling supply chain capabilities to protect margins while growing unit economics.
Overall, Chagee represents a branded tea drinks operator with a vertically supportive ecosystem (ingredient/packaging/equipment supply) and a multi-channel growth pathway (owned/operated plus licensing), positioned in the Consumer Cyclical space under the Restaurants industry.
Fundación
2017
Empleados
4800
CEO
Junjie Zhang
Nombre completo
Chagee Holdings Limited American Depositary Shares
Plutux no es un asesor de inversiones. Los datos de mercado y el análisis generado por IA son solo informativos y educativos, no asesoramiento de inversión. Aviso legal
InteranualYoY significa Year-over-Year (interanual). Compara el último valor anual con el valor anual anterior para mostrar la fortaleza de la tendencia a largo plazo.
TrimestralQoQ significa Quarter-over-Quarter (intertrimestral). Compara el último trimestre con el trimestre inmediatamente anterior para mostrar cambios de impulso a corto plazo.
IngresosEl dinero total que entró por la puerta principal al vender cosas, antes de pagar una sola factura. Piensa en esto como el gran total de cada compra con tarjeta de los clientes. (YoY compara el rendimiento de este año con el del año pasado, mientras que QoQ compara los tres meses actuales con los tres anteriores).
$12.9B
+4.0%
-4.0%
Beneficio netoEl resultado final absoluto. Si la empresa pagara a cada proveedor, empleado, banquero y recaudador de impuestos, este es el dinero real que queda en su bolsillo al final del día.
$1.2B
-53.5%
+3.5%
Margen brutoEl margen básico. Si venden unas zapatillas de 100 dólares, este porcentaje indica cuánto de ese precio es ganancia justo después de pagar el caucho y los cordones, pero antes de pagar el alquiler de la tienda o los anuncios de televisión.
+45.8%
+0.1%
-10.1%
Margen operativoLa puntuación de eficiencia del 'trabajo diario'. De cada dólar que gasta un cliente, esto muestra cuántos centavos mantiene la empresa después de fabricar el producto Y pagar todos los gastos generales corporativos (como salarios, marketing y mantener las luces encendidas).
+10.4%
-55.1%
-0.4%
Margen netoEl porcentaje final que se lleva a casa. Cuando se eliminan todos los costos concebibles, impuestos y pagos de intereses, este es el número exacto de centavos que la empresa realmente se queda de cada dólar en ventas.
+9.1%
-55.3%
+7.8%
Flujo de caja libreEl santo grial del efectivo corporativo. Es el dinero físico gastable que queda después de que el negocio paga sus operaciones diarias Y compra las actualizaciones grandes y costosas (como nuevas fábricas o servidores) que necesita para sobrevivir. Este es el dinero 'libre' que pueden usar para pagar dividendos o recomprar acciones.
$1.2B
-54.1%
+182.0%
Margen FCFLa tasa definitiva de conversión de efectivo. Muestra qué tan buena es la empresa para convertir ventas regulares directamente en efectivo frío, duro y gastable. Un porcentaje alto significa que el negocio es una auténtica máquina de imprimir dinero.
+9.2%
-55.9%
+185.4%
Deuda/PatrimonioEl indicador de riesgo financiero. Compara cuánto del imperio de la empresa se construyó con dinero prestado (préstamos) frente al dinero propio de los propietarios (accionistas). Un número alto significa que están muy apalancados y juegan un juego más arriesgado; un número bajo significa que juegan a lo seguro.
17.4%
-16.0%
-0.8%
Ratio corrienteLa verificación de supervivencia de 12 meses. Simplemente compara el efectivo que tienen ahora mismo (más cosas que pueden convertirse rápidamente en efectivo) con las facturas inmediatas que absolutamente deben pagar este año. Una puntuación superior a 1 significa que tienen suficiente en la billetera para cubrir las próximas facturas sin entrar en pánico.
3.11x
+31.2%
-1.5%
Activos totalesEl tamaño absoluto del imperio de la empresa. Agrupa absolutamente todo lo valioso que poseen, desde el efectivo en la caja registradora y el inventario en el almacén, hasta las patentes de software en la bóveda y las fábricas en el suelo.
Operator: Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to Chagee's First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that today's event is being recorded. With that, I will now turn the call over to the first speaker today, Ms. Alicia Guo, Investor Relations Director of the company. Please go ahead, ma'am.
Ms. Alicia Guo: Thank you. Hello, everyone, and welcome to Chagee's First Quarter 2026 Earnings Call. With us today are Mr. Junjie Zhang, our CEO; Mr. Aiden Yin, our COO; and Mr. Aaron Huang, our CFO. The company's financial and operating results were released by the Newswire earlier today and are currently available online. Before we continue, I refer you to our safe harbor statement in the earnings release, which applies to this call. Any forward-looking statements that we make on this call are based on assumptions as of today, and Chagee does not undertake any obligations to update these statements. Also, this call includes discussions of certain non-GAAP financial measures. Please refer to our earnings release, which contains a reconciliation of non-GAAP measure to a GAAP measure. With that, I will turn the call to our CEO, Mr. Junjie Zhang. Please go ahead, sir.
Junjie Zhang: [Foreign Language]
Junjie Zhang: [Interpreted] Hello, everyone. Welcome to Chagee's First Quarter 2026 Earnings Call. As we enter 2026, our strategic direction is clearer than ever, and our execution is more focused. The reflections and adjustments of the past several months have allowed us to develop a way of working that is closer to our consumers and more committed to long-term value creation.
Junjie Zhang: [Foreign Language]
Junjie Zhang: [Interpreted] First, on our strategic priorities. In 2026, we're dedicating all our efforts to operations, focusing on executing every detail that truly matters to our consumers well. We believe that the ability of the company to navigate cycles ultimately depends on genuine consumer recognition. Therefore, our goal this year is very clear to perfect every single consumer touch point.
Junjie Zhang: [Foreign Language]
Junjie Zhang: [Interpreted] Second, our organizational adjustments are delivering results and overall efficiency has improved significantly. Over the past few quarters, we have proactively optimized our organization. These changes have delivered tangible results. Resource allocation is more precise. Decision-making and execution are more efficient, and our team's cohesion and effectiveness around our core mission have strengthened significantly. This has laid a solid foundation for us to continue achieving high-quality growth.
Junjie Zhang: [Foreign Language]
Junjie Zhang: [Interpreted] Third, our product and marketing plans are now clearly defined, and our execution priorities are highly focused. We have completed a comprehensive and actionable road map for both products and marketing. Our starting point has always been consumer needs …
