Luckin Coffee: Leverage blockchain technology to improve the transparency of the financial system

BlockBeats news, on August 15, Luckin Coffee recently released the second quarter of 2022 financial results, and revealed in the results conference call, Luckin will be the first to introduce blockchain technology into the industry financial data management, further improve the transparency of Luckin in business and financial system, continue to strengthen the credibility of financial data. This makes Luckin a pioneer in introducing blockchain into its operations and financial systems in the catering industry. According to the financial statement, the total net income of Luckin Coffee was 3.299 billion yuan in Q2, up 72.4 percent compared with the same period last year. In the second quarter, Luckin added a net 615 stores, bringing its total to 7,195. The average number of trading customers per month reached 20.7 million, up 68.6 percent year-on-year. While the scale advantage is further strengthened, the operating profit rate is also steadily increasing. The same-store sales growth rate of self-operated stores reaches 41.2%, and the profit rate of self-operated stores reaches 30.6%.