Mixue's net profit reached RMB 2.453 billion (USD 344.6 million) in the first three quarters of 2023.
Mixue's Financial Performance
Mixue, a prominent global beverage and ice cream chain, has demonstrated substantial financial growth, particularly in recent years. The company's net profit saw a significant increase, reflecting its expanding revenue and market presence.
For the first three quarters of 2023, Mixue reported a net profit of RMB 2.453 billion (equivalent to USD 344.6 million). This figure represents a notable 51.1% year-on-year increase, indicating robust profitability growth.
To provide context to its profit, it's important to look at Mixue's revenue performance:
- First three quarters of 2023: Revenue grew by 46% year-on-year, reaching RMB 15.393 billion (USD 2.16 billion).
- Full year 2022: Revenue increased by 31.2% to RMB 13.576 billion (USD 1.9 billion).
The strong growth in both revenue and net profit highlights Mixue's successful business model, which has enabled its rapid expansion to over 36,000 stores worldwide.
Key Financial Highlights
Here is a summary of Mixue's recent financial performance:
| Financial Metric | 2022 (Full Year) | First Three Quarters of 2023 |
|---|---|---|
| Revenue | RMB 13.576 billion (USD 1.9 billion) | RMB 15.393 billion (USD 2.16 billion) |
| Revenue Growth | +31.2% year-on-year | +46% year-on-year |
| Net Profit | Not publicly specified for full year 2022 | RMB 2.453 billion (USD 344.6 million) |
| Net Profit Growth | Not publicly specified for full year 2022 | +51.1% year-on-year |
For more detailed information on Mixue's operational and financial updates, you can refer to sources like KR-ASIA's coverage on Mixue Bingcheng.
