Stock Track | Chagee Holdings Soars 5.60% on Strategic Expansion and Strong Q3 Results

Stock Track12-01

Chagee Holdings Limited (CHA) saw its stock price surge 5.60% during intraday trading on Monday, reflecting strong investor confidence in the company's growth trajectory.

The rally follows the company's announcement of a new subsidiary in Heilongjiang, aimed at enhancing regional operations and supply chain efficiency. Additionally, Chagee's Q3 financial results revealed robust performance, including 11 consecutive quarters of profitability, a 36.7% year-over-year increase in mini-program membership, and a cash reserve of 9.142 billion yuan. The company's global expansion, particularly in Southeast Asia, and plans for new product categories further bolstered investor optimism.

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