Nayuki Tea (NAYUKI) announced its interim business performance for the six months ending June 30, 2024, showing a 1.9% decrease in revenue compared to the same period last year, to RMB 254.44 million. The adjusted net loss was RMB 43.77 million, compared to a profit of RMB 7.02 million in the same period last year. The operating profit of directly operated stores decreased significantly by 65.1%, and the operating profit margin of stores decreased from 20.1% last year to 7.8%. Cash balance also decreased by 73.3%. In addition, Nayuki Tea plans to provide performance information of more franchised stores at the appropriate time. The company's comprehensive financial statements during the reporting period have not been audited, but have been reviewed by PricewaterhouseCoopers. Nayuki Tea stated that it will boost store revenue performance by increasing marketing efforts and maintaining research and development investment in response to weak consumer demand and the impact of a high base. The company will also steadily promote its franchising business and international expansion.

Nayuki Tea (NAYUKI) announced its interim business performance for the six months ending June 30, 2024, showing a 1.9% decrease in revenue compared to the same period last year, to RMB 254.44 million. The adjusted net loss was RMB 43.77 million, compared to a profit of RMB 7.02 million in the same period last year. The operating profit of directly operated stores decreased significantly by 65.1%, and the operating profit margin of stores decreased from 20.1% last year to 7.8%. Cash balance also decreased by 73.3%. In addition, Nayuki Tea plans to provide performance information of more franchised stores at the appropriate time. The company's comprehensive financial statements during the reporting period have not been audited, but have been reviewed by PricewaterhouseCoopers. Nayuki Tea stated that it will boost store revenue performance by increasing marketing efforts and maintaining research and development investment in response to weak consumer demand and the impact of a high base. The company will also steadily promote its franchising business and international expansion.