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luckin coffee 瑞 幸 咖啡 Luckin Coffee Inc. Announces Unaudited Third Quarter 2021 Financial Results Net Revenues Grew More than 100 % Reports Increases in Average Selling Prices , Number of Monthly Transacting Customers , Number of Products Sold and Store Footprint BEIJING , December 9 , 2021 ( GLOBE NEWSWIRE ) - Luckin Coffee Inc. ( in Provisional Liquidation ) ( “ Luckin Coffee " or the " Company " ) ( OTC : LKNCY ) today announced its unaudited financial results for the three months ended September 30 , 2021 . COMPANY STATEMENT " We are seeing strong performance across the business in the third quarter with increased customer retention and order frequency , greater brand recognition , and our products achieving higher average selling price . Specifically , some of our innovative products , such as iced coconut latte , were very well received by our customers , benefiting from the relatively hot weather ( compared to other seasons ) . " said Dr. Jinyi Guo , Chairman and Chief Executive Officer of Luckin Coffee . " Further , we continued to execute against our strategic plan with the expansion of our Luckin Partnership stores contributing significantly to revenue growth . Our improved profitability is demonstrated through the significant reduction in operating losses for the quarter , as well as our store level operating margin increasing to over 25 % . " Dr. Guo added , " We appreciate the dedication and contribution of all Luckin Coffee employees and the continuous trust and support of our customers . While we are pleased with the latest quarterly results , we remain focused on the execution of our long term strategic plan - continue providing outstanding and innovative products and services to our customers and driving long - term value for shareholders . " THIRD QUARTER 2021 HIGHLIGHTS¹ • • • Total net revenues in the third quarter were RMB2,350.2 million ( US $ 364.7 million ) , representing an increase of 105.6 % from RMB1,143.0 million in the same quarter of 2020 . Revenues from product sales in the third quarter were RMB1,934.1 million ( US $ 300.2 million ) , representing an increase of 83.9 % from RMB1,051.6 million in the same quarter of 2020 . Revenues from partnership stores in the third quarter were RMB416.1 million ( US $ 64.6 million ) , representing an increase of 355.0 % from RMB91.5 million in the same quarter of 2020 . • Same - store sales growth for self - operated stores in the third quarter was 75.8 % , compared to 0.3 % in the same quarter of 2020 . • Average monthly transacting customers in the third quarter were 14.7 million , representing an increase of 79.2 % from 8.2 million in the same quarter of 2020 . 1 Please refer to the section " KEY DEFINITIONS " on Page 4 for detailed definitions on certain terms used . 1