November twenty _ second$Luckin Coffee (LKNCY.US)$Announced the third quarter of 2022 results. According to the financial report, the company's total net income reached 3.8946 billion yuan in the quarter, an increase of 65.7% over the same period last year. The profit margin at the store level of self-operated stores was 29.2%, reaching 806.7 million yuan, and the growth rate of same-store sales was 19.4%. Under the US Accounting Standards (GAAP), the operating profit is 585.3 million yuan and the operating profit margin is 15.0%.

In the quarter, 651 new stores were opened, with a total of 7846 stores, including 5373 self-owned stores and 2473 joint venture stores. Driven by scale growth, the average number of monthly trading customers increased by 70.5% year-on-year to 25.1 million.

Dr. Guo Jinyi, Chairman and CEO of LUCKN COFFEE DRC, said, "Core financial and operational indicators continued to grow in the quarter, although same-store sales growth stabilized as we expected. By comparison, same-store growth remained strong in the third quarter. With our R & D capabilities and operational efficiency, we believe we can seize the growth opportunities brought about by the fast-growing Chinese coffee market, bring long-term value to shareholders and promote sustainable growth. "