Welcome to our dedicated page for Luckin Coffee SEC filings (Ticker: LKNCY), 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.
Luckin Coffee Inc. filings document the disclosure record of a foreign private issuer operating a technology-driven retail coffee business. Its Form 6-K reports furnish earnings releases, customer metrics, store openings, self-operated and partnership store data, same-store sales, store-level operating profit, revenue mix, and capital actions such as share repurchase programs.
The company's Form 20-F annual reporting includes audited consolidated financial statements prepared under U.S. GAAP and annual business disclosure for Luckin Coffee's China-based operations, overseas store activity, proprietary technology-enabled retail model, governance, and foreign-issuer reporting matters.
Luckin Coffee Inc. director and Chief Executive Officer Guo Jinyi filed an initial statement of beneficial ownership of American Depositary Shares. The filing shows indirect ownership of 2,763,000 ADS held by a trust and direct ownership of 757,770 ADS. Each ADS represents eight Class A ordinary shares.
First Beijing Investment Limited reports beneficial ownership of 107,699,376 Class A ordinary shares of Luckin Coffee Inc. These shares represent 13,462,422 ADSs (each ADS = eight Class A ordinary shares) and equal 5.07% of the Class A shares outstanding. The percentage is calculated using 2,124,695,348 Class A Ordinary Shares outstanding as of December 31, 2024, per the issuer's Form 20-F filed March 31, 2025. The filing is made as an Exempt Reporting Advisor and states sole voting and dispositive power over the reported shares.
Luckin Coffee reported strong growth for the fourth quarter and full year 2025, with continued profitability but lower margins. Fourth quarter net revenues rose 32.9% year-over-year to RMB12.8 billion, driven by a 32.8% increase in GMV to RMB14.8 billion and higher store count and customer traffic.
Despite this, profitability softened. GAAP operating income for the quarter declined to RMB821.4 million, with operating margin narrowing to 6.4% from 10.5%. Net income fell to RMB518.2 million, and net margin dropped to 4.1% from 8.8%. Non-GAAP net income was RMB698.6 million, with a 5.5% margin versus 9.8% a year earlier.
For 2025, total net revenues increased to RMB49.3 billion, with GAAP operating income of RMB5.1 billion and net income of RMB3.6 billion, both higher than 2024. The company ended 2025 with 31,048 stores after 8,708 net new openings and average monthly transacting customers of 98.4 million in the fourth quarter, up 26.5% year-over-year. Cash and cash equivalents, restricted cash, term deposits and short-term investments rose to RMB9.0 billion as of December 31, 2025.
Centurium Holdings Ltd. and Hui Li report continued major ownership in Luckin Coffee Inc. through Amendment No. 7 to their Schedule 13D. They beneficially own 596,346,800 Class A Ordinary Shares, representing 23.28% of the company, including shares issuable from Class B and preferred stock.
The filing explains a February 5, 2026 internal transfer of 136,172,000 Class B Ordinary Shares to Centurium Investment, another Centurium-controlled entity, which did not change overall beneficial ownership. It also notes these interests, and certain Luckin shares, were pledged as security for a loan from China Citic Bank Corporation Limited Shanghai Branch.
A holder of American Depositary Shares (ADS), each representing eight Class A ordinary shares of LKNCY, has filed a notice of proposed sale under Rule 144. The notice covers 4,448 ADS to be sold through Citigroup Global Markets Inc. on the OTC market around 12/09/2025, with an aggregate market value of $168,601.44. These ADS were acquired from the issuer via an option exercise dated 12/31/2023, with cash payment made on 03/04/2024. The filing also reports prior sales over the past three months by the same seller: 20,000 ADS on 12/08/2025 for gross proceeds of $735,075.70 and 100,000 ADS on 11/18/2025 for gross proceeds of $4,000,000.00. The issuer had 266,231,521 shares outstanding at the time referenced.
A shareholder has filed a Rule 144 notice to sell 20,000 American Depositary Shares, each representing eight Class A ordinary shares, through Citigroup Global Markets Inc. The planned sale has an aggregate market value of $735,075.70, with the issuer reporting 266,231,521 shares outstanding and an approximate sale date of 12/08/2025 on the OTC market.
The 20,000 ADS were acquired on 12/31/2019 under a share option plan from the issuer, with cash payment made on 10/18/2022. Over the prior three months, the same seller, Cao Wenbao, sold 100,000 ADS on 11/18/2025 for $4,000,000 in gross proceeds. By signing the notice, the seller represents that they are not aware of any undisclosed material adverse information about the issuer’s operations.
Luckin Coffee major shareholder Centurium Holdings Ltd., together with Hui Li, filed Amendment No. 6 to their Schedule 13D to update their ownership position. After a distribution and a series of Rule 144 open‑market sales by affiliate Camel Zhengkai, the group reports beneficial ownership of 596,346,800 Class A Ordinary Shares, representing 23.28% of Luckin’s Class A shares on a converted basis.
The position includes 164,790,181 existing Class A shares and 431,556,619 Class A shares issuable from 136,172,004 Class B shares and 295,384,615 Preferred Shares, each convertible into one Class A share. The percentage is calculated from 2,129,852,172 Class A shares outstanding as of February 28, 2025 plus those convertible securities. The filing also states the investors acquired the securities for investment purposes and may buy more, hold, or sell shares, and may engage Luckin’s board and management on performance, governance, capital allocation, and strategy.
Luckin Coffee Inc. (LKNCY) has a planned sale of restricted securities disclosed in a Form 144 notice. The filing covers the proposed sale of 15,000 American Depositary Shares, each representing eight Class A ordinary shares, with an aggregate market value of $552,000.00. These ADS were acquired on 06/30/2023 through share incentive plans from Luckin Coffee Inc. and were paid for on the same date on a cashless basis. As context, the notice lists 266,231,521 shares outstanding and states an approximate sale date of 11/20/2025 through broker TIGER BROKERS (NZ) LIMITED on the OTC market.
Luckin Coffee Inc. (LKNCY) investor has filed a Form 144 notice to sell up to 100,000 American Depositary Shares, each representing eight Class A ordinary shares, through TIGER BROKERS (NZ) LIMITED on the OTC market.
The filing lists an aggregate market value of these shares of $4,000,000, with an approximate sale date of 11/18/2025. The ADS were acquired under share incentive plans from Luckin Coffee Inc., including 65,482 ADS on 12/31/2022 and 34,518 ADS on 12/31/2023, both via cashless transactions.
An existing holder of Luckin Coffee Inc. (LKNCY) has filed a notice to sell up to 2,662,315 American Depositary Shares, each representing eight Class A ordinary shares. The shares have an indicated aggregate market value of 106,492,600.00 and are expected to be sold around 11/18/2025 through Goldman Sachs & Co. LLC on the PINK market. As context, the notice lists 266,231,521 shares outstanding for this class of securities. The seller reports that the securities being sold were acquired on 05/12/2025 in a distribution in kind from Cameleer II L.P..