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Luckin Coffee Inc - ADR
Previous close
$23.25
Day range
$23.28 - $24.40
Year range
$17.28 - $35.28
Market cap
6.16B USD
Avg Volume
2.63M
Primary exchange
OTCMKTS
Financials
Income Statement
Revenue
Net income
| (CNY) | Jun 2024info | Y/Y change |
|---|---|---|
Revenue | 8.40B | 35.50% |
Operating expense | 3.98B | 55.70% |
Net income | 871.10M | -12.78% |
Net profit margin | 10.37 | -35.59% |
Earnings per share | — | — |
EBITDA | 1.34B | 2.38% |
Effective tax rate | 21.12% | — |
Balance Sheet
Total assets
Total liabilities
| (CNY) | Jun 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 3.59B | -29.17% |
Total assets | 19.96B | 42.34% |
Total liabilities | 9.25B | 62.05% |
Total equity | 10.70B | — |
Shares outstanding | 318.19M | — |
Price to book | 0.81 | — |
Return on assets | 13.85% | — |
Return on capital | 16.82% | — |
Cash Flow
Net change in cash
| (CNY) | Jun 2024info | Y/Y change |
|---|---|---|
Net income | 871.10M | -12.78% |
Cash from operations | 1.55B | 7.25% |
Cash from investing | -157.29M | 82.06% |
Cash from financing | 300.00M | — |
Net change in cash | 1.69B | 193.64% |
Free cash flow | 1.21B | -5.52% |
About
Luckin Coffee Inc. is a Chinese coffee company and coffeehouse chain. It was founded in Beijing in 2017. As of March 2023, it managed 9,351 stores which include 6,310 self-operated stores and 3,041 partnership stores. Monthly active customer numbers reached 500 million in June 2022. On 18 July 2024, the total Luckin coffee store number reached 20,000. The company operates shops, stores, and kiosks that offer coffee, tea, and food.
Customers need to download an app to order and pay for drinks online. Luckin is currently headquartered in Xiamen. Luckin Coffee quickly expanded over the years and outnumbered the number of Starbucks stores in China by 2019.
In April 2020, the company revealed that it had inflated its 2019 sales revenue by up to US$310 million. It resulted in the stock price crashing and several executives being fired. Trading was suspended and the company was delisted from NASDAQ on 29 June 2020. The company filed for Chapter 15 bankruptcy in the US in February 2021. Wikipedia
Founded
Oct 2017
Website
Employees
51,904
