Luckin Coffee announces Q3 2024 financial results. The data show that the total net income of Luckin coffee in the third quarter was 10.181 billion yuan, an increase of 41.4%, and the net income of a single quarter broke 10 billion yuan for the first time, hitting a record high. In the third quarter of 2024, Luckin Coffee's operating profit under the United States Accounting Standards (GAAP) was 1.557 billion yuan, with an operating margin of 15.3%. Net profit in the third quarter reached 1.303 billion yuan.

From the perspective of store operation, Luckin Coffee's self-operated store revenue in the third quarter was 7.501 billion yuan, an increase of 45.9%. In the third quarter, the self-operated store level profit was 1.746 billion yuan, and the self-operated store level profit margin was 23.3%, and the same period in 2023 was 1.185 billion yuan, and the store level profit margin was 23.1%. In the third quarter, the revenue of affiliated stores was 2.341 billion yuan, an increase of 27.2%.

In the third quarter, the scale of Luckin coffee stores continued to expand, and a net 1,382 new stores were opened. As of the end of the third quarter, the total number of Luckin coffee stores reached 21,343, including 13,936 self-operated stores and 7,407 affiliated stores, ranking first in the coffee industry in China. In the international market, steady investment continued in Singapore in the third quarter, with a net addition of 8 stores, bringing the total number of stores to 45 at the end of the quarter.