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Customer Shop At Luckin coffee in Yichang, China
This footage was filmed and produced 3 March 2023.
Customers line up at Luckin coffee chain in Yichang, Hubei province, China, March 3, 2023.
On March 2, Luckin Coffee announced its financial results for the fourth quarter and the full year of 2022, showing a total net revenue of 13.293 billion yuan in the fiscal year 2022, a year-on-year growth of 66.9%.
Operating profit under US accounting standards (GAAP) was RMB1,156.2 million, with an operating margin of 8.7%. The revenue scale of Luckin Coffee in the fiscal year 2022 exceeded 10 billion for the first time, and the overall operating profit turned to profit for the first time.
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