Bawang Tea Princess: In 2025, the net income was 12.91 billion yuan, and after adjustment, the net profit was 1.91 billion yuan.

In 2025, the total GMV of Ba Wang Cha Ji reached 31.58 billion, a year-on-year increase of 7.2%. The net income for the full year was 12.91 billion yuan, and the net profit after adjustment was 1.91 billion yuan. In the fourth quarter of 2025, the net profit after adjustment was 1 billion yuan, achieving profits for 12 consecutive quarters. In the fourth quarter, Ba Wang Cha Ji added a net of 115 stores, of which 83 were overseas stores, bringing the total number of stores to 7453.