Lei Dou.com Lei Jianping February 23
Ruixing Coffee(OTC: LKNCY) announced the fourth quarter and annual financial reports of 2023 today.The financial report shows that Ruixing Coffees revenue in 2023 was 24.903 billion yuan (about 3.5 billion US dollars), an increase of 87.3%over 13.29 billion yuan in the same period last year.
In 2023, Ruixing Coffees self-operated store income was 17.880 billion yuan, an increase of 82.7%from 9.786 billion yuan in 2022;In 2023, it was 6.226 billion yuan, an increase of 102.8%from 3.069 billion yuan in 2022.
2023 Ruixing Coffees operating profit under the U.S. Accounting Standards (GAAP) was 3.06 billion yuan, and its net profit was 2.848 billion yuan (about 400 million US dollars).488 million yuan.
As of the end of 2023, the number of domestic stores in Ruixing Coffee reached 16,218, including 10,598 self-operated stores and 5,620 joint-constructive stores.Ruixing Coffee has 8,034 net new stores throughout the year, and the number of stores increased by 97.8%year -on -year from the end of 2022.
Chairman and CEO of Ruixing Coffee, "2023 is a milestone year for the company. Facing the face. FacingIn the fierce industry competitive environment, Ruixing coffee income reached a new high; the overall profit level is healthy and controllable, which is in line with the companys expectations and strategic development directions. In the future, we will adhere to the current development strategy and pricing strategy, while giving back to customers to continue to expand while continuously expanding the customersMarket share. "
Ruixing Q4 revenue of 7.065 billion increased by 91%year-on-yearRuixing Coffees revenue in the fourth quarter of 2023 was 7.065 billion yuan (about 995 million US dollars), an increase of 91.2%from 3.695 billion yuan in the same period last year, and a decrease of 2%from 7.2 billion yuan in the previous quarter.Essence
Ruixing Coffees revenue in the fourth quarter of 2023 was 5.103 billion yuan, an increase of 89.2%from 2.697 billion yuan in the same period in 2022;Yuan, an increase of 109.1%compared with the same period in 2022.
Ruixing Coffee 2,975 new stores in the fourth quarter of 2023, of which 12 were in Singapore.
Rui Xing Q4 cost and cost of 6.85 billion increased by 103%year-on-year
Ruixing Coffees cost and cost in the fourth quarter of 2023 was 6.852 billion yuan, an increase of 103%over 3.382 billion yuan in the same period last year.
Among them, Ruixing Coffee was 3.5 billion yuan in the fourth quarter of 2023, with 1.493 billion yuan in the same period last year; store rent and other costs 1.7 billion, the same period last year was 811 million yuan; Depreciation and amortization costs were 208 million yuan, which was 94.8 million yuan in the same period last year; the delivery fee was 467 million yuan, and the same period last year was 379 million yuan;
Ruixing Coffees sales and market costs in the fourth quarter of 2023 were 400 million yuan, and the same period of the previous year was 173 million yuan; the management cost was 562 million yuan, and the same period last year was 411 million yuan.
Ruixing Q4 operating profit of 213 million decreased by 32%year-on-year
Ruixing Coffees operating profit in the fourth quarter of 2023 was 213 million yuan, a 32%decrease from 313 million yuan in the same period last year.Ruixing Coffees operating profit margin in the fourth quarter of 2023 was 3%, a decrease of 10 percentage points from the previous quarter, and a 5 percentage point from the same period last year.
Rui Xing Q4 net profit 300 million increased by 444%year-on-year
Ruixing Coffees net profit in the fourth quarter of 2023 was 296 million yuan, an increase of 444%from 54.52 million yuan in the same period last year, but decreased by 70%from 988 million yuan in the previous quarter.
From the fourth quarter of 2023, Ruixing Coffees income has a strong year -on -year growth rate, but it is affected by seasonal, Wandian Tongqing preferential activities, and fierce industry competition.The growth rate of profit has fallen.
The price war against Ruixing is a double -edged sword, which has made Ruixing stores innovate high traffic and operating income, which has also affected the profit margin. Recently, many consumers have discovered the couponThe scope of use can be greatly shrunk than before.
As of December 31, 2023, the cash, cash equivalents held by Ruixing Coffee, restricted cash, deposit, and short -term investment were 3.753 billion yuan (about 529 million US dollars).
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