Coffee. XXXX performance. Good An be I morning, you, I'm evening, our for Jinyi. sharing today, at you year and will the And joining fourth today. information Thank financial afternoon the everyone. Thank and Jing, Luckin full CFO regarding us quarter
dedicated for their continued to heartfelt partners esteemed investors team, I start, we my extend and customers, would Before like loyal support. to thanks our
some highlight would fourth in detail. take I our Now, result year quarter financial time to XXXX and full
pleased Let's same of total start continued revenues to impact that reached quarter fourth with XXXX, from billion, from XXXX results remarkable net quarter nearly we XX.X% see growth. seasonality, of reflecting the our exhibit financial XXXX. are our our RMB a to the strong X.X quarter year-on-year fourth highlights. Despite the In business increase
the by XX.X% self-operated billion, quarter of This including XXXX. in representing quarter operation rapid factors, productive an of growth from driven monthly from the an reached surge customers. in sales, in increase and Revenue in RMB fourth same expansion transacting in stores X.X various X.X was billion a increase RMB of stores
for Same-store the self-operated in of XX.X%. fourth sales growth stores reached quarter XXXX
quarter billion, the from to RMB XXXX. same quarter a substantial amounted store of partnership in Additionally, fourth increase XXX.X% the revenues X.X in from XXXX
Operating income our in X%. fourth income million Well, line quarter XXXX the XXX.X margin our in expectations. achievements operating quarter fourth was with with of RMB financial of in the are
our and on long-term expanding remain focused primary enhanced our priority market in This strategic to positions growing dedication customers. base, sustainable experience more serve our a aligned to with is success. approach for the Our customer share an to ensuring providing market solidifying strategic
representing year from nearly by the an XXXX. year remarkable fiscal on has and XXXX, reflect soaring growth journey commitment XX defined revenues with impressive we XX.X% increase RMB to total our fiscal As unfavoring net been billion,
Our market cornerstone ever-growing shares serving our our been success. of focus base on customer the expanding has and
XX.X year impressive year in billion, stores self-operated a Same-store an fiscal increase an XXXX the Revenues which sales fiscal XXXX. from XX.X% year growth year-over-year fiscal RMB fiscal substantial represents XXXX XXX.X% in store stores XX%. in partnership were X.X were self-operated achieved RMB XXXX billion, year from from for Revenues representing increase.
XXXX fiscal of RMB reached we industry. our income dynamic positioned for are providing for continued to XX.X%. the exceptional landscape coffee commitment X billion, year margin By service with the our in reach, an operating success upholding income Operating expanding the of and
rate prioritized expanding our store store We in of the Concluding net XX,XXX resulting XX.X%. openings X,XXX of a stores. in new fourth with and growth quarter unit market quarter-over-quarter share,
reflection that market of quarter, geographic across our a the business new commitment China partners presence diversify XXX overseas fourth to market. is strong cities capture of and expansion more new We in X and opportunities. end into we the and operated believe cities than our As in our our our of
stores, the year-over-year For XXXX, new pursuit in the growth year achieving X,XXX of full a XX.X%. opened excellence, of remarkable store rate of unit we
Our to commitment and us and providing market reaching growth. leadership the year to our coffee making experience exceptional propelled dedication forward, has in a to XXXX service testament sustainable fiscal
of monthly XXXX, increase XXXX. in the In the products. This fourth our of substantial the million, increasing average transacting notable quarter customers popularity fourth interest and our quarter XX.X a XXX.X% highlights of from reached brand the increase
XXXX. fiscal Average of million, XX.X million monthly increase were year in XXX.X% from customers representing year an fiscal XXXX XX.X transacting in
the success remarkable the continue we engaging monthly our wider customer-centric of the enhancing of approach customer As this increase to a effectiveness in focus our in reflects experience, and customers audience. reaching and transacting strategy on
momentum further impressive satisfaction, are of loyalty to Looking positioned ahead, we leverage brand in to the foster initiatives elevate our innovative coming customer that quarters. trajectory continued growth implementing this
XXXX season, benefits campaign scale. by On level, profitability overall year. some like the we would in by of was average job offset in the XX,XXX in traffic of to winter details margin same group was quarter our celebration of I of our fourth Next, our the of was weak decrease X% in in margin the price economies selling driven profiles. our period last on compared store some decrease operating event continued the while profile reported time The the the extent to spend X.X% the the as mainly to a as
However, reported XXXX last for pleased the we margin full to year compared of see are our year. XX.X% X.X% to operating in reached
we customers, full last active of new and a our in scale margin benefits. the to largely products the of were margin X.X% Meanwhile, driven improvements by compared quarter year to believe reported X.X% profit new year. same efficiency approach We and this in net attracting operating period introduce
of we Thanks income fourth the RMB reported a valuation assets the the allowance to In benefit quarter. tax of company's the in business XX the performance. deferred quarter, tax from largely resulting reduced uncertainty million, an the of against release fourth
After operating profits. cumulative losses into a to entities certain have turned number company's of cumulative the
store a For view, increased to self-operated level From net margin margin from the full fiscal XX.X% profit in profit level last year of with X.X% of and XXXX, XXXX, stores and our year our store XX.X% XX.X% QX year. respectively. operating
as business Meanwhile, a our operating increased expansion. overall of expenses result
continue We to during and to scale pleased be economies see our this expenses quarter. ratio to resilient and more due are our operations technology-driven of efficient
in revenue due Our of percentage administrative fourth quarter expenses X% decreased this the to of a to from scale last general benefits. in and year year as XX.X% fourth of quarter the
year, year-over-year expenses On XX.X% we for to easier of more suppliers, increase by G&A channels, surcharges a coverage to options various an expenses restricted and expenses and last in new absolute expansion. value a through cost, office we to continue expenditures payroll large result bolster awareness more duties share-based of we as customers. Well, positioning basis, units current the stamp management compensation attracting share were and the R&D by our in the current for strategically sales and marketing on branding as spend on decrease a offset spent product customers G&A employee.
Compared to education retaining our tax and increased and expenses invest increase and business X.Xx brand as
fabricated X.X million Meanwhile, delivery quarter, fees a on negative expenses in more USD line restructuring. loss and delivery is spent transactions RMB which with we third-party related of negative to million reported orders. about this We related previously XX.X in to the and commission a increased platforms, recorded
but RMB transactions the had in successfully XXXX. quarter including, million, with incurred settlement defending As the its X.X to provisional certain and the fees the in XXXX of March not in approximately expenses company final million, off costs, XX.X alternative company restructuring. fabricated about limited completed relating rolled underwriters and investigating The liquidation USD to following and fourth the defense
our about talk cash Last but and least, statement. not flow let's balance sheet
our of During a mainly operating RMB cash meet the XXXX. the redeemed in to XXXX cash of outflow to a the is materials following due notes ] settlements. restructuring of raw This footprint as of fourth RMB same offshore million quarter paid purchase net class and XXX.X rapid growth fully expansion quarter, increased we we the the net compared XX.X federal to [ in and had million inflow operating business the
ended no cash, have of investment. term on RMB interest-bearing about equivalents, restricted including now hand, We cash debt in billion X.X bank XXXX deposits cash and cash short-term and we and with and
will continue potential. our review that business We additional basis ongoing liquidity on meet requirements ensure providing we all can growth to our an needs and to
that have our We market with critical to advantage. create capital return a and our flexibility position. confidence solid and investments expanding allocation sheet competitive exceptional while approach strategic fund presence Together create our maintaining can cash balance shareholder a
our the a confident dynamics entire our drove and coffee XXXX and as like XXXX, remain plans, it concluding team provide execution, strategy our by we the would with Well, combined to China strategy to pricing growth opportunities look expect our now strong continue potential. current competitive volatile additional thank and will market promotional business in over expansion us product I as we market market I their the Q&A. in which innovative for and Jinyi followed to We the remarks the results. strategic offerings Finally, to as and well for turn work advantage competition with market. in hard a and calendars
