Chagee FY26 Q1 net income falls 33.9% to RMB 447.7 million

• Chagee posted Q1 2026 GAAP net income of RMB 447.7 million, down 33.9% year over year; net revenues rose 4.52% to RMB 3.55 billion.
• Operating income fell 33.33% to RMB 547.2 million, pushing net income margin down 7.4 percentage points to 12.6%.
• Franchised teahouse net revenues slipped to RMB 2.74 billion, while company-owned teahouse net revenues more than doubled to RMB 802.1 million.
• Total GMV was RMB 7.92 billion; overseas GMV more than doubled to RMB 426.4 million, while Greater China GMV declined to RMB 7.49 billion.
• The network reached 7,531 teahouses; the board authorized a US$ 150 million ADS repurchase program starting June 1, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chagee Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605282000PRIMZONEFULLFEED9728192) on May 29, 2026, and is solely responsible for the information contained therein.