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12、 cnaniF 4202 re t rauQ dnoceS secnuonnA.cnI ee f foC nikcuL COMPANY STATEMENT“We are thrilled to report another robust quarter,marked by significant growth in our product sales,the store network expansion and the increase in thenumber of average monthly transacting customers,”said Dr.Jinyi Guo,Chair
13、man and Chief Executive Officer of Luckin Coffee.“This quarter,we achieveda notable increase in net revenues by 35.5%,and a surge in our average monthly transacting customers by 61.8%,compared to the same quarter last year.Wehave continued to make tremendous progress with the growth of our store foo
14、tprint in the second quarter.In the second quarter,we added 1,371 net newstores,five of which were in Singapore.In July,we inaugurated our 20,000th store in Beijing,underscoring Luckins dominant position among Chinascoffee chains.Additionally,our financial performance has seen a positive shift,with
15、our GAAP operating margin improving to 12.5%from the first quarter.As another important development,in the presence of Brazilian Vice President Geraldo Alckmin,we entered into a series of letters of intent to procureapproximately 120,000 metric tons of coffee beans from Brazil through the end of 202
16、5.Given Brazils prominent position in global coffee production andexports,this collaboration is pivotal for Luckin,and we are excited about the opportunities it presents for our future endeavors.”Dr.Guo continued,“As we move into the second half of 2024,we remain focused on delivering value to custo
17、mers as well as leveraging our strengthenedsupply chain and increased store footprint to introduce more innovative and high-quality products to our growing customer base.We believe that we arewell-positioned to increase our market share,quality of our products and brand awareness.I would also like t
18、o thank the Luckin team and all of ourcustomers for their continued support of the Luckin brand.Looking ahead,we aim to further expand our footprint and offering,creating long-term value anddriving sustainable growth.”SECOND QUARTER 2024 FINANCIAL RESULTS Total net revenues were RMB8,402.6 million(U
19、S$1,156.2 million)in the second quarter of 2024,representing an increase of 35.5%from RMB6,201.4million in the same quarter of 2023.Net revenues growth was primarily driven by the increase in the number of products sold,the increase in stores inoperation and the increase in the number of monthly tra
20、nsacting customers.Revenues from product sales were RMB6,552.4 million(US$901.6 million)in the second quarter of 2024,representing an increase of 39.0%fromRMB4,715.6 million in the same quarter of 2023.Net revenues from freshly brewed drinks were RMB6,014.0 million(US$827.6 million),representing 71.
21、6%of total net revenues in the secondquarter of 2024,compared to RMB4,235.0 million,representing 68.2%of total net revenues,in the same quarter of 2023.Net revenues from other products were RMB404.4 million(US$55.6 million),representing 4.8%of total net revenues in the second quarter of 2024,compare
22、d to RMB325.7 million,representing 5.3%of total net revenues,in the same quarter of 2023.Net revenues from others were RMB134.1 million(US$18.4 million),representing 1.6%of total net revenues in the second quarter of 2024,compared to RMB154.9 million,representing 2.5%of total net revenues,in the sam
23、e quarter of 2023.Revenues from partnership stores were RMB1,850.2 million(US$254.6 million),representing 22.0%of total net revenues in the second quarter of2024,which represents an increase of 24.5%compared to RMB1,485.8 million,representing 24.0%of total net revenues,in the same quarter of 2023.Fo
24、r the second quarter of 2024,revenues from partnership stores included sales of materials of RMB1,355.8 million(US$186.6 million),profit sharingof RMB202.6 million(US$27.9 million),delivery service of RMB145.5 million(US$20.0 million),sales of equipment of RMB129.6 million(US$17.8million)and other s
25、ervices of RMB16.7 million(US$2.3 million).Total operating expenses were RMB7,351.9 million(US$1,011.7 million)in the second quarter of 2024,representing an increase of 46.2%fromRMB5,028.6 million in the same quarter of 2023.The increase in total operating expenses was predominantly the result of th
26、e Companys businessexpansion.Meanwhile,operating expenses as a percentage of net revenues increased to 87.5%in the second quarter of 2024 from 81.1%in the same quarterof 2023,mainly due to the increase in store rental and other operating costs and cost of materials as a percentage of net revenues re
27、sulting from decreasedaverage selling price of the Companys products.Cost of materials were RMB3,368.2 million(US$463.5 million)in the second quarter of 2024,representing an increase of 36.8%from RMB2,461.5million in the same quarter of 2023,which was mainly due to the increase in the number of prod
28、ucts sold and the increase in sales of materials topartnership stores.Store rental and other operating costs were RMB2,050.2 million(US$282.1 million)in the second quarter of 2024,representing an increase of 78.5%from RMB1,148.4 million in the same quarter of 2023,mainly due to the increase in labor
29、 costs,store rental as well as utilities and other store operatingcosts as a result of the increased number of stores in operation and items sold in the second quarter of 2024 compared to the same period last year.2 Depreciation and amortization expenses were RMB289.1 million(US$39.8 million)in the
30、second quarter of 2024,representing an increase of 126.3%from RMB127.7 million in the same quarter of 2023,mainly due to the increase in amortization of leasehold improvements for the stores and theincrease in depreciation expenses of additional equipment put into use in new stores in the second qua
31、rter of 2024.Delivery expenses were RMB606.9 million(US$83.5 million)in the second quarter of 2024,representing an increase of 13.6%from RMB534.1million in the same quarter of 2023,mainly due to the increase in the number of delivery orders.Sales and marketing expenses were RMB432.6 million(US$59.5
32、million)in the second quarter of 2024,representing an increase of 42.5%fromRMB303.6 million in the same quarter of 2023,mainly driven by the increase in(i)advertising expenses as the Company continued to make strategicinvestments in its branding through various channels,and(ii)commissions to third-p
33、arty delivery platforms which is in line with the increase in thenumber of delivery orders.Sales and marketing expenses amounted to 5.1%of total net revenues in the second quarter of 2024,compared to 4.9%oftotal net revenues in the same quarter of 2023.General and administrative expenses were RMB589
34、.7 million(US$81.1 million)in the second quarter of 2024,representing an increase of 38.6%from RMB425.5 million in the same quarter of 2023.The increase in general and administrative expenses was mainly driven by the increase in(i)payroll costs for headquarter staff,(ii)research and development expe
35、nses,(iii)share-based compensation for restricted share units and optionsissued to management and employees,and(iv)expenditures for office supplies.General and administrative expenses amounted to 7.0%of total netrevenues in the second quarter of 2024,compared to 6.9%of total net revenues in the same
36、 quarter of 2023.Store preopening and other expenses were RMB14.0 million(US$1.9 million)in the second quarter of 2024,representing a decrease of 24.3%fromRMB18.5 million in the same quarter of 2023,mainly due to fewer stores preparing to be opened in the second quarter of 2024 compared to the sameq
37、uarter of 2023.Store preopening and other expenses amounted to 0.2%of total net revenues in the second quarter of 2024,compared to 0.3%of totalnet revenues in the same quarter of 2023.Losses and expenses related to Fabricated Transactions and Restructuring were RMB1.2 million(US$0.2 million)in the s
38、econd quarter of 2024,representing a decrease of 71.0%from RMB4.0 million in the same quarter of 2023.Losses and expenses related to Fabricated Transactions andRestructuring amounted to 0.0%of total net revenues in the second quarter of 2024,compared to 0.1%of total net revenues in the same quarter
39、of 2023.Store level operating profit margin-self-operated stores was 21.5%in the second quarter of 2024,compared to 29.1%in the same quarter of 2023,primarily due to the decrease in average selling price of the Companys products,offset by the benefits of economies of scale from the increased numbero
40、f products sold.GAAP operating income was RMB1,050.7 million(US$144.6 million)in the second quarter of 2024,representing a GAAP operating margin of 12.5%,compared to RMB1,172.8 million,or a GAAP operating margin of 18.9%,in the same quarter of 2023.Non-GAAP operating income was RMB1,150.6million(US$
41、158.3 million)in the second quarter of 2024,representing a non-GAAP operating margin of 13.7%,compared to RMB1,236.3 million,or a non-GAAP operating margin of 19.9%,in the same quarter of 2023.For more information on the Companys non-GAAP financial measures,please see thesection“Use of Non-GAAP Fina
42、ncial Measures”and the table captioned“Reconciliation of Non-GAAP Measures to the Most Directly Comparable GAAPMeasures”set forth at the end of this press release.Net income was RMB871.1 million(US$119.9 million)in the second quarter of 2024,representing a net margin of 10.4%,compared to RMB998.7 mi
43、llion,or a net margin of 16.1%,in the same quarter of 2023.Non-GAAP net income was RMB971.0 million(US$133.6 million)in the second quarter of 2024,representing a non-GAAP net margin of 11.6%,compared to RMB1,062.2 million,or a non-GAAP net margin of 17.1%,in the same quarter of 2023.Basic and dilute
44、d net income per ADS was RMB2.72(US$0.40)and RMB2.72(US$0.40)in the second quarter of 2024,respectively,compared toRMB3.12 and RMB3.12 in the same quarter of 2023,respectively.Non-GAAP basic and diluted net income per ADS was RMB3.04(US$0.40)and RMB3.04(US$0.40)in the second quarter of 2024,respecti
45、vely,compared to RMB3.36 and RMB3.36 in the same quarter of 2023,respectively.Net cash provided by operating activities was RMB1,549.1 million(US$213.2 million)in the second quarter of 2024,compared to net cash provided byoperating activities of RMB1,444.4 million in the same quarter of 2023.Cash an
46、d cash equivalents,restricted cash,term deposits and short-term investments were RMB3,786.0 million(US$521.0 million)as of June 30,2024,compared to RMB3,752.7 million as of December 31,2023.3 KEY OPERATING DATA For the three months ended or as of Dec 31,Mar 31,Jun 30,Sep 30,Dec 31,Mar 31,June 30,202
47、2 2023 2023 2023 2023 2024 2024 Total stores 8,214 9,351 10,836 13,273 16,248 18,590 19,961 Self-operated stores 5,652 6,310 7,188 8,807 10,628 12,199 13,056 Partnership stores 2,562 3,041 3,648 4,466 5,620 6,391 6,905 Same-store sales growth for self-operated stores 9.2%29.6%20.8%19.9%13.5%(20.3)%(
48、20.9)%Average monthly transacting customers(in thousands)24,559 29,489 43,070 58,477 62,438 59,914 69,689 KEY DEFINITIONS Total net revenues include revenues from product sales and revenues from partnership stores.Revenues from product sales mainly include net revenue from the sales of freshly brewe
49、d and non-freshly brewed items through self-operating stores,unmanned machines,e-commerce and revenue from delivery for self-operated stores.Revenues from self-operated stores include net revenue from the sales of freshly brewed and non-freshly brewed items through self-operating stores,and delivery
50、 fees derived from self-operated stores paid by the Companys customers.Before the first quarter of 2023,revenues from self-operatedstores only included net revenue from the sales of freshly brewed and non-freshly brewed items through self-operating stores,and beginning from thefirst quarter of 2023,
51、we added delivery fees derived from self-operated stores paid by the Companys customers to this definition.Revenues from partnership stores include net revenue from the sales of materials,equipment,and other services including delivery and pre-openingservices provided to partnership stores and profi
52、t sharing from partnership stores.Same-store sales growth for self-operated stores.Defined as the growth rate of total revenue from self-operated stores that(i)were in operation at thebeginning of the comparable period and were not closed before the end of the current period and(ii)maintained an ave
53、rage of at least 15 operating daysper month over both the current and comparable periods.Store level operating profit-self-operated stores.Calculated by deducting cost for self-operated stores including cost of direct materials(includingwastage in stores),cost of delivery packaging materials,storage
54、 and logistics expenses,commissions to third-party delivery platforms related torevenues from self-operated stores,store depreciation expense(including decoration loss for store closure),store rental and other operating costs,delivery expense,transaction fees,store preopening and other expenses from
55、 the Companys self-operated store revenues.Before the first quarter of2023,commissions to third-party delivery platforms related to revenues from self-operated stores was not deducted when calculating this term.Store level operating profit margin-self-operated stores.Calculated by dividing store lev
56、el operating profit by total revenues from self-operatedstores.Total number of stores.The number of stores open at the end of the period,excluding unmanned machines.Net new store openings.The number of gross new stores opened during the period minus the number of stores closed during the period.Aver
57、age monthly transacting customers.The total of each months number of transacting customers divided by the number of months during theperiod(includes those of partnership stores and those only paid with free-coupons).Non-GAAP operating income.Calculated by operating income excluding share-based compe
58、nsation expenses.Non-GAAP net income.Calculated by net income excluding recurring item of share-based compensation expenses.Non-GAAP net income attributable to the Companys ordinary shareholders.Calculated by adjusting net income attributable to the Companysordinary shareholders excluding recurring
59、item of share-based compensation expenses.Non-GAAP basic and diluted net income per shares.Calculated as non-GAAP net income attributable to the Companys ordinary shareholdersdivided by weighted average number of basic and diluted share.Non-GAAP basic and diluted net income per ADSs.Calculated as no
60、n-GAAP net income attributable to the Companys ordinary shareholdersdivided by weighted average number of basic and diluted ADS.4 USE OF NON-GAAP FINANCIAL MEASURES In evaluating the business,the Company considers and uses non-GAAP operating income/(loss)and non-GAAP net income/(loss),each a non-GAA
61、Pfinancial measure,in reviewing and assessing the Companys operating performance.The presentation of these non-GAAP financial measures is notintended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with Generally AcceptedAccounting
62、Principles in the United States(“U.S.GAAP”or“GAAP”).The Company presents these non-GAAP financial measures because they are usedby the Companys management to evaluate operating performance and formulate business plans.The Company believes that the non-GAAP financialmeasures help identify underlying
63、trends in the Companys business,provide further information about the Companys results of operations and enhance theoverall understanding of the Companys past performance and future prospects.The non-GAAP financial measures are not defined under U.S.GAAP and are not presented in accordance with U.S.
64、GAAP.The non-GAAP financialmeasures have limitations as analytical tools.The Companys non-GAAP financial measures do not reflect all items of income and expense that affect theCompanys operations and do not represent the residual cash flow available for discretionary expenditures.Furthermore,these n
65、on-GAAP measures maydiffer from the non-GAAP information used by other companies,including peer companies,and therefore their comparability may be limited.The Companycompensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S.GAAP performance measure,all of wh
66、ich should beconsidered when evaluating the Companys performance.The Company encourages investors and others to review the Companys financial information inits entirety and not rely on a single financial measure.The Company defines non-GAAP operating income/(loss)as operating income/(loss)excluding
67、share-based compensation expenses,non-GAAP netincome/(loss)as net income/(loss)excluding recurring item of share-based compensation expenses,and non-GAAP net income/(loss)attributable to theCompanys ordinary shareholders as net income/(loss)attributable to the Companys ordinary shareholders excludin
68、g recurring item of share-basedcompensation expenses.For more information on the non-GAAP financial measures,please see the table captioned“Reconciliation of Non-GAAP Measures to the Most DirectlyComparable GAAP Measures”set forth at the end of this earnings release.EXCHANGE RATE INFORMATION This ea
69、rnings release contains translations of certain RMB amounts into U.S.dollars(“US$”)at specified rates solely for the convenience of the reader.Unless otherwise noted,all translations from RMB to US$were made at the rate of RMB7.2672 to US$1.00,the exchange rate on June 28,2024 set forth inthe H.10 s
70、tatistical release of the Federal Reserve Board.The Company makes no representation that the RMB or US$amounts referred could be convertedinto US$or RMB,as the case may be,at any particular rate or at all.CONFERENCE CALL The Company will host a conference call today,on Tuesday,July 30,2024,at 8:00 a
71、m Eastern Time(or Tuesday,July 30,2024,at 8:00 pm Beijing Time)todiscuss the financial results.Participants may access the call by dialing the following numbers:United States Toll Free:+1-888-317-6003International:+1-412-317-6061Mainland China Toll Free:400-120-6115Hong Kong Toll Free:800-963-976Con
72、ference ID:9555229 As previously announced,all shareholders are able to submit questions to Luckin Coffee management by visitinghttps:/ registration,there will be an“Ask a Question”section on the bottomof the screen.Management will answer a selection of questions from the submission list during the
73、conference call.The Q&A platform will remain openuntil the conclusion of the earnings call.The replay will be accessible through August 6,2024,by dialing the following numbers:United States Toll Free:+1-877-344-7529International:+1-412-317-0088Access Code:8442566 A live and archived webcast of the c
74、onference call will also be available at the Companys investor relations website at .5 SAFE HARBOR STATEMENTS This earnings release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934,as amended.Theseforward-looking statements are made under t
75、he“safe harbor”provisions of the U.S.Private Securities Litigation Reform Act of 1995.These statements canbe identified by terminology such as“will,”“expects,”“anticipates,”“future,”“intends,”“plans,”“believes,”“estimates,”“potential,”“continue,”“ongoing,”“targets,”“guidance”and similar statements.L
76、uckin Coffee may also make written or oral forward-looking statements in its periodic reports tothe U.S.Securities and Exchange Commission(the“SEC”),in its annual report to shareholders,in press releases and other written materials and in oralstatements made by its officers,directors or employees to
77、 third parties.Any statements that are not historical facts,including statements about LuckinCoffees beliefs and expectations,are forward-looking statements.Forward-looking statements involve inherent risks and uncertainties.A number of factorscould cause actual results to differ materially from tho
78、se contained in any forward-looking statement,including but not limited to the following:the expense,timing and outcome of existing or future legal and governmental proceedings or investigations in connection with Luckin Coffee;the outcome and effect ofthe restructuring of Luckin Coffees financial o
79、bligations;Luckin Coffees growth strategies;its future business development,results of operations andfinancial condition;the effect of the non-reliance identified in,and the resultant restatement of,certain of Luckin Coffees previously issued financial results;the effectiveness of its internal contr
80、ol;its ability to retain and attract its customers;its ability to maintain and enhance the recognition and reputation of itsbrand;its ability to maintain and improve quality control policies and measures;its ability to establish and maintain relationships with its suppliers andbusiness partners;tren
81、ds and competition in the coffee industry or the food and beverage sector in general;changes in its revenues and certain cost orexpense items;the expected growth of Chinas coffee industry or Chinas food and beverage sector in general;governmental policies and regulations relatingto Luckin Coffees in
82、dustry;and general economic and business conditions globally and in China and assumptions underlying or related to any of theforegoing.Further information regarding these and other risks,uncertainties or factors is included in Luckin Coffees filings with the SEC.All informationprovided in this press
83、 release and in the attachments is as of the date of this press release,and Luckin Coffee undertakes no obligation to update any forward-looking statement,except as required under applicable law.STATEMENT REGARDING PRELIMINARY UNAUDITED FINANCIAL INFORMATION The unaudited financial information set o
84、ut in this earnings release is preliminary and subject to potential adjustments.Adjustments to the consolidatedfinancial statements may be identified when audit work has been performed for the Companys year-end audit,which could result in significant differencesfrom this preliminary unaudited financ
85、ial information.ABOUT LUCKIN COFFEE INC.Luckin Coffee Inc.(OTC:LKNCY)has pioneered a technology-driven retail network to provide coffee and other products of high quality,high convenienceand high affordability to customers.Empowered by proprietary technologies,Luckin Coffee pursues its mission to bu
86、ild a world-class coffee brand andbecome a part of everyones daily life.Luckin Coffee was founded in 2017 and is based in China.For more information,please visit .INVESTOR AND MEDIA CONTACTS Investor Relations:Luckin Coffee Inc.IR Email: Bill Zima/Michael Bowen ICR,Inc.Phone:646 880 9039 Media Relat
87、ions:Luckin Coffee Inc.PR Email: Ed Trissel/Spencer Hoffman Joele Frank,Wilkinson Brimmer Katcher Phone:212 355 4449 6 LUCKIN COFFEE INC.CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31,2023 AND UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET AS OF JUNE 30,2024(Amounts in thousands of RMB and US$,except
88、for number of shares)As of December 31,2023 June 30,2024(Unaudited)RMB RMB US$ASSETS Current assets:Cash and cash equivalents 2,925,709 3,470,134 477,506 Restricted cash 66,080 5,580 768 Term deposit-current 464,019 117,729 16,200 Short-term investment 100,000 Accounts receivable,net 80,665 135,613
89、18,661 Receivables from online payment platforms 214,163 394,180 54,241 Inventories,net 2,204,000 2,314,070 318,427 Prepaid expenses and other current assets,net 1,544,918 1,712,088 235,591 Total current assets 7,599,554 8,149,394 1,121,394 Non-current assets:Property and equipment,net 4,169,141 4,8
90、29,435 664,552 Restricted cash 46,854 42,603 5,862 Term deposit-non current 150,000 150,000 20,641 Other non-current assets,net 789,492 928,968 127,830 Deferred tax assets,net 350,082 269,976 37,150 Operating lease,right-of-use assets 5,186,855 5,585,986 768,657 Total non-current assets 10,692,424 1
91、1,806,968 1,624,692 TOTAL ASSETS 18,291,978 19,956,362 2,746,086 LIABILITIES,MEZZANINE EQUITY AND SHAREHOLDERS EQUITY Current liabilities Short-term bank borrowing 300,000 41,281 Accounts payable 814,655 753,214 103,646 Accrued expenses and other liabilities 2,556,977 2,620,474 360,589 Deferred reve
92、nues 123,422 122,022 16,790 Payable for equity litigants settlement 116,314 119,055 16,383 Operating lease liabilities-current 1,851,310 2,094,898 288,268 Total current liabilities 5,462,678 6,009,663 826,957 Non-current liabilities:Operating lease liabilities-non current 3,114,855 3,245,133 446,545
93、 Total non-current liabilities 3,114,855 3,245,133 446,545 Total liabilities 8,577,533 9,254,796 1,273,502 Commitments and contingencies Mezzanine equity Senior Preferred Shares 1,578,040 1,514,660 208,424 Shareholders equity:Class A Ordinary shares 23 23 3 Class B Ordinary shares 2 2 0 Additional p
94、aid-in capital 16,276,991 16,510,410 2,271,908 Statutory reserves 168,204 168,058 23,126 Accumulated deficits(8,705,759)(7,917,684)(1,089,510)Accumulated other comprehensive income 396,944 426,097 58,633 Total Companys ordinary shareholders equity 8,136,405 9,186,906 1,264,160 TOTAL LIABILITIES,MEZZ
95、ANINE EQUITY AND SHAREHOLDERS EQUITY 18,291,978 19,956,362 2,746,086 7 LUCKIN COFFEE INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME(Amounts in thousands of RMB and US$,except for number of shares and per share data)For the three months ended June 30,For the si
96、x months ended June 30,2023 2024 2023 2024 RMB RMB US$RMB RMB US$Net revenues:Revenues from product sales 4,715,596 6,552,393 901,639 8,016,907 11,322,553 1,558,035 Revenues from partnership stores 1,485,833 1,850,235 254,601 2,621,249 3,358,218 462,106 Total net revenues 6,201,429 8,402,628 1,156,2
97、40 10,638,156 14,680,771 2,020,141 Cost of materials(2,461,505)(3,368,237)(463,485)(4,216,159)(6,312,667)(868,652)Store rental and other operating costs(1,148,370)(2,050,215)(282,119)(2,040,031)(3,883,490)(534,386)Depreciation and amortization expenses(127,748)(289,114)(39,783)(236,204)(548,511)(75,
98、478)Delivery expenses(534,147)(606,918)(83,515)(955,881)(1,054,713)(145,133)Sales and marketing expenses(303,588)(432,596)(59,527)(503,009)(758,425)(104,363)General and administrative expenses(425,543)(589,704)(81,146)(786,373)(1,146,247)(157,729)Store preopening and other expenses(18,497)(14,006)(1
99、,927)(34,173)(42,510)(5,850)Impairment loss of long-lived assets(5,229)(5,229)Losses and expenses related to FabricatedTransactions and Restructuring(3,986)(1,156)(159)(9,916)51,367 7,068 Total operating expenses(5,028,613)(7,351,946)(1,011,661)(8,786,975)(13,695,196)(1,884,523)Operating income 1,17
100、2,816 1,050,682 144,579 1,851,181 985,575 135,618 Interest and investment income 25,704 13,430 1,848 45,815 29,585 4,071 Interest and financing expenses (89)(12)(89)(12)Foreign exchange gain/(loss),net(373)(17,055)(2,347)(913)(29,208)(4,019)Other income,net 26,275 57,311 7,886 40,706 67,378 9,272 Ne
101、t income before income taxes 1,224,422 1,104,279 151,954 1,936,789 1,053,241 144,930 Income tax expense(225,718)(233,176)(32,086)(373,268)(265,312)(36,508)Net income 998,704 871,103 119,868 1,563,521 787,929 108,422 Net income attributable to the Companysordinary shareholders 998,704 871,103 119,868
102、 1,563,521 787,929 108,422 Net income per share:Basic 0.39 0.34 0.05 0.62 0.31 0.04 Diluted 0.39 0.34 0.05 0.62 0.31 0.04 Net income per ADS:Basic*3.12 2.72 0.40 4.96 2.48 0.32 Diluted*3.12 2.72 0.40 4.96 2.48 0.32 Weighted average shares outstanding used incalculating basic and diluted income per s
103、hare:Basic 2,532,072,783 2,545,551,167 2,545,551,167 2,532,072,783 2,545,551,167 2,545,551,167 Diluted 2,532,072,783 2,545,827,808 2,545,827,808 2,533,764,475 2,545,720,670 2,545,720,670 Net income 998,704 871,103 119,868 1,563,521 787,929 108,422 Other comprehensive income,net of tax of nil:Foreign
104、 currency translation difference,net of taxof nil 2,978 17,399 2,394 2,645 29,153 4,012 Total comprehensive income 1,001,682 888,502 122,262 1,566,166 817,082 112,434 Total comprehensive income attributable toordinary shareholders 1,001,682 888,502 122,262 1,566,166 817,082 112,434 *Each ADS represe
105、nts eight Class A Ordinary Shares.The per ADS indicators are based on rounded results of corresponding per share indicators,whichcould have a rounding difference of absolute amount for not more than 0.04 per ADS.8 LUCKIN COFFEE INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in
106、 thousands of RMB and US$)For the three months ended June 30,For the six months ended June 30,2023 2024 2023 2024 RMB RMB US$RMB RMB US$Net cash provided by operating activities 1,444,410 1,549,118 213,165 2,517,043 1,284,756 176,789 Net cash used in investing activities(876,930)(157,287)(21,643)(1,
107、390,110)(1,109,135)(152,623)Net cash provided by financing activities*300,000 41,281 300,000 41,281 Effect of foreign exchange rate changes on cashand cash equivalents 9,398 2,141 295 8,045 4,053 558 Net increase in cash and cash equivalents andrestricted cash 576,878 1,693,972 233,098 1,134,978 479
108、,674 66,005 Cash and cash equivalents and restricted cashat beginning of period 4,136,019 1,824,345 251,038 3,577,919 3,038,643 418,131 Cash and cash equivalents and restricted cashat end of period 4,712,897 3,518,317 484,136 4,712,897 3,518,317 484,136 *Net cash provided by financing activities in
109、the second quarter of 2024 represented proceeds from a short-term bank borrowing.9 LUCKIN COFFEE INC.RECONCILIATION OF NON-GAAP MEASURES TO THE MOST DIRECTLY COMPARABLE GAAP MEASURES(Unaudited,amounts in thousands of RMB and US$,except for number of shares and per share data)For the three months end
110、ed June 30,For the six months ended June 30,2023 2024 2023 2024 RMB RMB US$RMB RMB US$A.Non-GAAP operating income Operating income 1,172,816 1,050,682 144,579 1,851,181 985,575 135,618 Adjusted for:Share-based compensation expenses 63,448 99,917 13,749 115,552 170,016 23,395 Non-GAAP operating incom
111、e 1,236,264 1,150,599 158,328 1,966,733 1,155,591 159,013 B.Non-GAAP net income Net income 998,704 871,103 119,868 1,563,521 787,929 108,422 Adjusted for:Share-based compensation expenses 63,448 99,917 13,749 115,552 170,016 23,395 Non-GAAP net income*1,062,152 971,020 133,617 1,679,073 957,945 131,
112、817 C.Non-GAAP net income per share Weighted average shares outstanding used incalculating basic and diluted income per share:Basic 2,532,072,783 2,545,551,167 2,545,551,167 2,532,072,783 2,545,551,167 2,545,551,167 Diluted 2,532,072,783 2,545,827,808 2,545,827,808 2,533,764,475 2,545,720,670 2,545,
113、720,670 Non-GAAP net income per share:Basic 0.42 0.38 0.05 0.66 0.38 0.05 Diluted 0.42 0.38 0.05 0.66 0.38 0.05 Non-GAAP net income per ADS:Basic*3.36 3.04 0.40 5.28 3.04 0.40 Diluted*3.36 3.04 0.40 5.28 3.04 0.40 *Each ADS represents eight Class A Ordinary Shares.The per ADS indicators are based on rounded results of corresponding per share indicators,whichcould have a rounding difference of absolute amount for not more than 0.04 per ADS.10