CHA on Nasdaq

Chagee Holdings Ltd.

Chagee Holdings Ltd. is a retail-eating and drinking places company, listed on Nasdaq (CHA).1 It is headquartered in Sichuan, China.1

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Last updated Oct 21, 2026.

Overview

$1.8BRevenue, fiscal 20252
$167.5MNet income, fiscal 20252

Compare with Dutch Bros. Coffee, Wendy's Company or Shake Shack, or pick any stock.

  • TickerCHA on Nasdaq1
  • IndustryRetail-Eating & Drinking Places1
  • HeadquartersSichuan, China1
  • Business address15/F, Ifs Building 2, Hongxing Road,, Jinjiang District, Chengdu,, Sichuan, F4 6100003
  • Filer categoryNon-accelerated filer3

We commenced our operations in 2017. In December 2020, Beijing Chagee Catering Management Co., Ltd., or Beijing Chagee, was established, and we currently conduct all of our business in China through Beijing Chagee and its subsidiaries. We do not use a variable interest entity structure.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.4%Operating margin2
9.1%Net margin2
16.0%Return on equity2
$175.5MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development15¢$268.5M
  • Other costs73¢$1.3B
  • Income tax3¢$61.7M
  • Profit9¢$167.5M

Out of $1.8B in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending25¢$59.6M
  • Dividends paid75¢$176.3M

Out of $235.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2

Financial statements

Fiscal year202320242025
Revenue$1.8B2
Research and development11.5M CNY2193.5M CNY2268.5M CNY2
Operating income$192.7M2
Income before tax$231.4M2
Income tax$61.7M2
Net income$167.5M2
Earnings per share$0.902
Earnings per share (diluted)$0.882
Shares (weighted, basic)104.5M shares2100.6M shares2162.5M shares2
Shares (weighted, diluted)152.7M shares2100.6M shares2164.7M shares2

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Corporate structure

Chagee Holdings Ltd. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Chagee Holdings Ltd.

  • Chagee Holdings Ltd. Sichuan, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Chagee Holdings Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation787.3M CNY2 Dec 31, 2025321.7M CNY2 Dec 31, 2024+144.7%
Accumulated depreciation203.6M CNY2 Dec 31, 202572.7M CNY2 Dec 31, 2024+179.9%
Property and equipment, net$83.5M2 Dec 31, 2025
Operating-lease assets (leased space)$182.4M2 Dec 31, 2025

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.1B2 Dec 31, 2025
Marketable securities, current$14.3M2 Dec 31, 2025
Long-term investments$302.0K2 Dec 31, 2025

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$14.0M2 Dec 31, 2025
Intangible assets, net (excluding goodwill)$1.7M2 Dec 31, 2025

Inventory

ItemLatestA year beforeChange
Inventory, total$32.6M2 Dec 31, 2025
Raw materials69.8M CNY2 Dec 31, 202545.7M CNY2 Dec 31, 2024+52.7%
Supplies113.4M CNY2 Dec 31, 202565.4M CNY2 Dec 31, 2024+73.4%

Leadership

Who has led Chagee Holdings Ltd., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Junjie Zhang2026–now

Chief financial officer

  1. Hongfei Huang2026–now

Chief operating officer

  1. Dengfeng Yin2026–now
Board members and other officers (5)

Timeline

  1. Mar 18, 2026New chief executive Junjie Zhang becomes CEO5

Calendar

Coming up

  1. Nov 27, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.29 a share, on Nov 28, 2025.11

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

84 filings to the SEC since October 2021: 1 annual reports, 20 insider forms, 10 large holders, 53 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Sep 22, 20264 EDGAR
  3. Sep 22, 20264 EDGAR
  4. Sep 18, 20264 EDGAR
  5. Aug 28, 20266-K EDGAR
  6. Aug 19, 20264 EDGAR
  7. Aug 19, 20264 EDGAR
  8. Aug 19, 20264 EDGAR
  9. Aug 19, 20264 EDGAR
  10. Aug 19, 20264 EDGAR
  11. Aug 12, 2026SCHEDULE 13G/A EDGAR
  12. Jun 25, 20264 EDGAR
  13. Jun 5, 2026F-3ASR EDGAR
  14. May 29, 20266-K EDGAR
  15. Apr 29, 202620-F EDGAR
  16. Mar 31, 20266-K EDGAR
  17. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  18. Mar 18, 20263 EDGAR
  19. Mar 18, 20263 EDGAR
  20. Mar 18, 20263 EDGAR

The 84 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Chagee Holdings Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARChagee Holdings Ltd.1
  • CIK0002013649
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)5810 Retail-Eating & Drinking Places1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address15/F, Ifs Building 2, Hongxing Road,, Jinjiang District, Chengdu,, Sichuan, F4 6100001
  • Phone86 028 6900 76661
  • Shares outstanding190,763,326 shares; 125,489,219 Common Class A shares; 65,274,107 Common Class B shares as of Dec 31, 20254
  • AuditorKPMG Huazhen LLP, Beijing, China PCAOB ID 1186; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMar 6, 20241
  • Filings84 in all: 3 (10), 4 (10), UPLOAD (10), DRSLTR (8), DRS/A (7), 6-K (6), CORRESP (6), SCHEDULE 13G (6)1
    All 22 form types

    SCHEDULE 13G/A (4), 144 (3), F-1/A (3), 144/A (1), 20-F (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1), F-3ASR (1), FWP (1), S-8 (1)

  • Latest filingsAnnual report (20-F) Apr 29, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each ADS represents one Class A ordinary share, par value US$0.0001 per shareCHAThe Nasdaq Global Select Market
Class A ordinary shares, par value US$0.0001 per shareThe Nasdaq Global Select Market

From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).4