Welcome to our dedicated page for CHAGEE HLDGS SEC filings (Ticker: CHA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Chagee Holdings Limited filings document the reporting record of a foreign private issuer and American depositary share company operating a premium freshly made tea drinks business. Form 6-K current reports furnish earnings releases and operating metrics for the teahouse network, including revenue, GMV, franchised and company-owned teahouses, Greater China and overseas market activity, and member metrics.
Annual-report and current-report disclosures cover audited consolidated financial statements, Form 20-F reporting status, ordinary share and ADS holder materials, operating expenses, share-based compensation, and management discussion of business model transition costs.
Chagee Holdings Limited reported first quarter 2026 results showing continued growth in scale but weaker profitability, and announced a new share repurchase program. Net revenues rose to RMB3,546.0 million (US$514.1 million) from RMB3,392.7 million a year earlier, driven by rapid expansion of company-owned teahouses, whose net revenues climbed 230.4% to RMB802.1 million.
Franchised teahouse revenues declined to RMB2,743.9 million, reflecting softer GMV in Greater China amid economic headwinds and competition. Operating income fell to RMB547.2 million, with GAAP net income down to RMB447.7 million, a net margin of 12.6%, compared with 20.0% a year earlier. Non-GAAP net income was RMB506.7 million, a 14.3% margin, after adding back RMB59.0 million of share-based compensation.
The store base reached 7,531 teahouses as of March 31, 2026, up 12.7% year over year, with overseas GMV of RMB426.4 million growing 139.0%. Same-store GMV decline improved to (16.0)%. Cash, restricted cash and time deposits totaled RMB7,146.3 million, and the board authorized a US$150 million Class A share repurchase over 12 months starting June 1, 2026, to be funded from existing cash.
Chagee Holdings Limited, a Cayman Islands holding company operating teahouses mainly in China, files its annual report outlining business and risk details. The group runs 7,453 teahouses as of December 31, 2025, including 6,838 franchised and 615 company-owned locations, with 7,108 in China and 345 overseas.
The report emphasizes heavy competition in freshly made tea drinks, moderating store-level performance as the network expands, and strong reliance on franchise partners, suppliers and third-party delivery platforms. Chagee highlights legal and operational risks tied to being a China-based issuer, including evolving PRC rules on data security, overseas listings and franchising, as well as food safety, brand protection, labor compliance, lease risks and technology and cybersecurity challenges. It also discloses substantial marketing spending to attract and retain consumers and notes that a previously identified internal-control material weakness was remediated by year-end 2025.
Chagee Holdings Limited reported unaudited fourth quarter and full year 2025 results showing revenue resilience but sharply lower profitability. Total net revenues were RMB2,974.5 million in Q4 2025, down from RMB3,334.4 million a year earlier, while full year revenues rose to RMB12,907.4 million from RMB12,405.6 million.
Q4 2025 net income dropped to RMB33.9 million, a 1.1% margin, versus RMB644.1 million and a 19.3% margin in Q4 2024. Non-GAAP net income was RMB100.0 million in Q4 2025, well below RMB644.1 million a year earlier. For 2025, net income declined to RMB1,186.3 million from RMB2,514.6 million, though non-GAAP net income was RMB1,909.9 million.
Operating expenses increased, led by higher general and administrative costs, while financial income and government grants supported earnings. Cash, restricted cash and time deposits grew to RMB7,892.4 million as of December 31, 2025. The store network expanded to 7,453 teahouses, but same store GMV growth in Greater China remained negative, at (25.5)% in Q4 2025.
Chagee Holdings Ltd. Vice President Hu Wei Jen filed an initial ownership report showing his equity interests in the company. He holds 76,969 American Depositary Shares directly, with each ADS representing one Class A Ordinary Share. He also beneficially owns 999,981 Class A Ordinary Shares indirectly through TeaBloom Limited, a British Virgin Islands company wholly owned by him. In addition, he holds an employee stock option covering 89,653 Class A Ordinary Shares at an exercise price of $3.7614 per share, expiring on May 1, 2034, vesting in three annual tranches from March 1, 2026 through March 1, 2028. This filing reflects ownership holdings rather than new share purchases or sales.
Chagee Holdings Ltd. Chief Operating Officer Yin Dengfeng filed an initial Form 3 reporting his equity interests. He holds employee stock options covering 241,281 Class A Ordinary Shares at an exercise price of 3.7614 per share, expiring on May 1, 2034, with 80,427 shares scheduled to vest on each of March 1, 2026, March 1, 2027 and March 1, 2028. He also directly holds 267,226 American Depositary Shares, each representing one Class A Ordinary Share, and has indirect ownership of 11,522,236 Class A Ordinary Shares through TeaTide Limited, a trust-related entity over which he retains investment power.
Chagee Holdings Ltd. Chief Financial Officer Hongfei Huang filed an initial ownership report showing his equity interests in the company. He holds employee stock options covering 1,013,195 Class A Ordinary Shares at an exercise price of 3.7614 per share, expiring on October 10, 2034. These options vest in tranches: 253,298 shares on October 10, 2025 and 253,299 shares on each of October 10, 2026, October 10, 2027, and October 10, 2028.
He also has 38,360 Restricted Stock Units, with 9,590 Class A Ordinary Shares scheduled to vest on each anniversary commencing from June 15, 2026. Indirectly, 200,000 Class A Ordinary Shares are held through Golden Magnificence Investment Limited, a British Virgin Islands entity ultimately controlled by a trust for which he retains investment power. Additionally, 16,000 American Depositary Shares are held by his spouse, with each ADS representing one Class A Ordinary Share. The filing reflects holdings only and does not report new purchases or sales.
Chagee Holdings Ltd. director Wang Yi filed an initial ownership report showing holdings of 1,693 American Depositary Shares. This Form 3 does not reflect a new trade; it simply records Wang Yi’s existing stake. Each ADS represents one Class A Ordinary Share of Chagee Holdings.
Chagee Holdings Ltd. director Li Yifan (Frank) filed an initial ownership report showing beneficial ownership of 1,693 American Depositary Shares. This Form 3 does not reflect any recent purchase or sale, but simply records his existing direct holdings. Each American Depositary Share represents one Class A Ordinary Share.
Chagee Holdings Ltd. executive Xu Chi, a Vice President, filed an initial ownership report. The filing lists direct holdings of 48,264 American Depositary Shares, with each ADS representing one Class A Ordinary Share. It also shows an employee stock option over 67,322 Class A Ordinary Shares at an exercise price of $3.7614 per share, expiring on May 1, 2034. According to the vesting schedule, 22,441 shares vest on March 1, 2026, 22,440 on March 1, 2027, and 22,441 on March 1, 2028.
Chagee Holdings Ltd. director ZHANG TAISU filed an initial ownership report showing a direct holding of 1,693 American Depositary Shares (ADS) of the company. Each ADS represents one Class A Ordinary Share, so this filing simply records Zhang’s existing equity position without indicating any recent trades.