Tea Baidao 2025 Financial Report: Double-Digit Growth in Revenue and Profit, Entering the Core Competency Value Realization Phase

Ask AI · The Value-Realization Phase Begins—Where Will Cha Bai Dao’s Future Growth Highlights Come From?

On March 27, Cha Bai Dao (02555.HK) released its 2025 performance announcement, achieving double growth in both revenue and profit. Full-year revenue was RMB 5.395 billion, up 10% year over year; net profit was RMB 820 million, up 71% year over year; and adjusted net profit was RMB 830 million, up 29% year over year. The company continued to optimize its store network. Its domestic store count steadily grew to 8,621, and the share of stores in tier-3 and lower cities rose to 46.1%. In 2025, Cha Bai Dao focused on upgrading R&D, expanding product categories, and improving operational efficiency to empower growth in performance at individual stores. A total of 117 new products were launched during the year, nearly doubling year over year. Registered membership increased to 180 million. It successfully rolled out multiple meal-replacement products, effectively driving consumption in afternoon tea scenarios. Among them, the internet-famous new product “Solid Yangzhi Sparkling Dessert” has sold more than 14 million cups since its launch, becoming a top hit of the year. In addition, Cha Bai Dao is accelerating the rollout of its coffee business. Public information shows that its coffee products have already been launched in stores across multiple cities, including Guangzhou, Shenzhen, Shanghai, Chengdu, and Beijing. Analysts noted that Cha Bai Dao’s core capability building has entered the value-realization period, bringing an inflection point for both improved financial data and business recovery, and opening a new channel for high-quality growth.