US Stock Market Move | The tea brand "Cha.us" surged over 19%, with the growth rate of GMV in China improving for two consecutive quarters.

On Friday, CHA.US soared by over 19%, closing at $12.13. On the news front, CHA.US released its financial and operational performance for the first quarter of 2026 (ending March 31, 2026). The financial report showed that CHA.US achieved a total GMV (Gross Merchandise Volume) of 79.18 billion yuan, an 8.1% increase compared to the previous period; net revenue of 35.46 billion yuan, a 4.5% year-on-year increase; and adjusted net profit of 5.07 billion yuan, with a total of 7531 global stores. During the reporting period, the same-store GMV growth rate in CHA.US's China region improved for two consecutive quarters, with a nearly 10 percentage point increase in the first quarter, indicating steady improvement in operating quality. In addition, CHA.US achieved an operating profit of 5.47 billion yuan in the first quarter, with an operating profit margin of 15.4%, turning a loss into profit compared to the previous quarter; excluding equity incentive expenses, the company's adjusted operating profit reached 6.06 billion yuan, corresponding to an operating profit margin of 17.1%, a significant improvement from 1.0% in the previous quarter, marking 13 consecutive quarters of profitability and a significant enhancement of business resilience. As of March 31, 2026, CHA.US's total cash and cash equivalents, restricted funds, and time deposits amounted to 71.5 billion yuan. In the first quarter, CHA.US's overseas business remained one of the highlights. The financial report showed that CHA.US's GMV in overseas markets reached 426 million yuan, a 139% year-on-year increase, with a nearly 14 percentage point improvement in same-store GMV growth rate, indicating that the overseas market has become an important growth engine for CHA.US. As of March 31, 2026, CHA.US had a total of 374 overseas stores, entering markets such as Malaysia, Singapore, Thailand, Indonesia, Philippines, Vietnam, and the United States.