China News Service, Beijing, August 25. On the 25th, Naixue's Tea released its first financial report after its listing.

Its 2021 interim performance report showed that its revenue in the first half of the year was 2.126 billion yuan, an increase of 80.2% year-on-year, of which online revenue accounted for 72.2%.

The adjusted net profit was 48.2 million yuan, and the loss in the same period last year was 63.5 million yuan.

The screenshot is from Nayuki's tea financial report.

　　Regarding the media attention that "According to the International Accounting Standards (IFRS) adopted in the financial report, Nayuki’s tea lost 4.321 billion yuan", Nayuki’s tea explained that this is due to the convertible issue issued by the company after multiple rounds of financing. Redeemable preferred stock is a liability item under IFRS and needs to be included in the current loss as an accounting treatment.

　　“In fact, the higher the fair change value of the preferred stock, the more it reflects investors’ recognition of the company’s value, and the change does not require the company to pay cash, nor does it have an impact on the company’s operations. Therefore, after removing the book loss, Nayuki The adjusted non-IFRS profit is 48.2 million yuan, and the actual operating performance is stable and improving."

　　The financial report shows that as of June 30, 2021, the number of tea shops in Nayuki reached 578, with 93 newly opened in the first half of the year.

Among the newly opened stores, nearly nine of them have become the main store type Nayuki's Tea PRO.

The number of new stores opened in first-tier and new first-tier cities accounted for 65.6% of the total number of new stores opened in the first half of the year.

　　Naxue’s tea claims that by improving the convenience of users’ consumption, it has effectively driven the continuous increase in the repurchase rate.

As of June 30, 2021, the number of Nayuki members reached 36.5 million, an increase of more than 30% from the end of last year; the repurchase rate in the second quarter of 2021 reached 30.3%, and the data in the fourth quarter of 2019 and 2020 were respectively It is 25.6% and 29.8%.

Among all its tea products, the sales volume of "Domineering Yuyou Tangerine" accounted for the highest, over 25%, even surpassing the domineering cheese strawberry.

The screenshot is from Nayuki's tea financial report.

　　The financial report also showed that the operating performance of Naxue’s stores exceeded expectations. The store’s operating profit was 385 million yuan, about 64.5 million in the same period last year, an increase of 497.2% year-on-year; Naxue’s store operating profit margin increased from 12.2% last year to the current 19.2 %.

Nayuki's tea explained that the location of the newly opened Nayuki Tea PRO is more flexible, which greatly saves labor and rent costs, and improves operational efficiency.

　　Although Nayuki's tea adjusted net profit of 48.2 million yuan, the so-called turnaround was realized.

However, its stock price has continued to fall since its listing, and subsequently fluctuated around 10 Hong Kong dollars.

As of the close on August 25, its stock price closed at 10.28 Hong Kong dollars, after the highest price was 18.98 Hong Kong dollars.

　　However, according to the announcement of the Hang Seng Index Company on August 20, 17 companies including Naixue’s Tea, Ctrip Group, and Time Angel will be included in the Hang Seng Composite Index after the market closes on September 3 and will take effect on September 6. This also means that it will be officially included in Southbound Stock Connect on September 6.

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