Significant Revenue Growth
For the full year 2024, total net revenues increased by 38% year-over-year to RMB34.5 billion, with a notable 36% increase in the fourth quarter to RMB9.6 billion.
Store Expansion
Luckin Coffee opened over 6,000 net new stores in 2024, reaching a total of 22,340 stores by year-end, including 14,540 self-operated stores and 7,749 partnership stores.
Increase in Average Monthly Transaction Customers
The number of average monthly transaction customers increased by 48% year-over-year to 71.8 million, with over 330 million cumulative transaction customers by the end of the fourth quarter.
Improved Operating Profit and Margin
Operating profit increased by 17% to RMB3.5 billion for the year, with operating margin expanding by 7.4 percentage points year-over-year to 10.4% in the fourth quarter.
International Expansion
Luckin Coffee entered the Malaysian market and added new stores in Singapore, demonstrating progress in international expansion.