Chagee - 霸王茶姬 (NASDAQ: CHA) Q2’25 Results Explained скачать в хорошем качестве

Chagee - 霸王茶姬 (NASDAQ: CHA) Q2’25 Results Explained

Chagee (NASDAQ: CHA) just posted its Q2 2025 update. GMV grew +15.5% YoY to RMB 8.10B, the store network reached ~7,038, and overseas markets are scaling. But GAAP earnings were hit by IPO-linked SBC, non-GAAP profit was roughly flat, and dilution is now a key watch-item. I break down GMV / per-store productivity, EPS math, cash, store openings by market — and how I’m positioned. What’s inside • GMV & same-store trends (Greater China vs overseas) • Pricing/promo dynamics on delivery platforms (Meituan/Ele.me/JD) • EPS explained: IPO conversion, diluted share count, SBC • Cash & use of proceeds post-listing • Store footprint: Singapore, Malaysia, Thailand, U.S., Indonesia • Valuation snapshot (~10× P/E on my adjusted base), risks & plan Chapters (update timestamps after upload) 00:00 Intro 00:21 GMV & per-store productivity 01:14 Why the slowdown? (promo war + cannibalization risk) 02:26 P&L & EPS walkthrough (GAAP vs non-GAAP) 05:05 Cash & balance sheet 05:57 Stores update (by market) 07:43 Long-term take & watch-list 09:16 Valuation & my positioning Related video • My deep-dive on MIDEA (quiet compounder with global reach) Disclaimer This video is for education only and not financial advice. Do your own research. Keywords Chagee, CHA, Chagee earnings, Chagee Q2 2025, Bawang Chaji, 霸王茶姬, milk tea, tea chain, GMV, EPS, SBC, IPO, valuation, China consumer, Singapore tea market, Los Angeles store