Chagee (CHA)
Freshly made tea drinks sold through a centralized, predominantly franchised teahouse network.
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Freshly made tea drinks, led by tea lattes, are sold through CHAGEE teahouses. Most revenue comes from supplying franchise partners with materials, packaging, equipment, and related services across a China-centered network.
Freshly made tea drinks anchor a focused menu led by signature tea lattes, with Teapuccino and other tea-based formats alongside them. A centralized supply chain and automated preparation support product consistency across the teahouse network.
Franchised teahouses are the main economic engine, generating revenue through raw materials, packaging, equipment, and franchise and other services. Company-owned teahouses form the second operating channel.
Most locations are in China, while the overseas network is smaller. Maintaining franchise standards for product quality, supply-chain management, consumer service, and safety protocols shapes how the network operates.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 31, 2026 | Macquarie | Target | Target: $19 | Target: $15.70 |
| Aug 28, 2026 | Macquarie | Upgrade | ||
| Jun 21, 2026 | Goldman Sachs | Initiate | Rating: —Target: — | Target: $13.60 |
| May 31, 2026 | CLSA | Target | Target: — | Target: $10 |
| May 29, 2026 | Morgan Stanley | Target | Target: — | Target: $15.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.23B · Total debt $210.4M · Total assets $1.82B · Shareholders' equity $1.23B
- Revenue
- $509.1M
- Operating income
- $78.2M
- Net income
- $69.7M
Reported in CNY, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 7.62% | 14.53M shares | |
|---|---|---|---|
| 47 holders · as of Jun 30, 2026 | |||
| Insiders | 59.00% | 112.54M shares | |
| 9 holders · as of Jun 25, 2026 | |||
| Other | 33.38% | 63.69M shares | |
| remainder | |||
190.76M company shares as of Aug 27, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Junjie Zhang1Insiderdirector, officer: Chief Executive Officer | 51.44% | 98.13M | filed Dec 31, 2025 |
Dengfeng YinInsiderdirector, officer: Chief Operating Officer | 6.22% | 347,653 ADS · 11.52M | filed Jun 25, 2026 |
Fosun International LtdInstitution | 3.07% | 5.85M | as of Jun 30, 2026 |
Marshall Wace, LLPInstitution | 0.95% | 1.81M | as of Jun 30, 2026 |
Mian LuInsiderofficer: Vice President | 0.63% | 1.20M | filed Mar 18, 2026 |
- Junjie Zhang's transaction reports restate only vehicles that traded; the 2026 ownership statement (98.13M) is used instead.
Insider tradesForm 4
No open-market trades in the last 12 months.
Not reported.