Luckin Coffee Files 2024 Annual Report
Ticker: LKNCY · Form: 20-F · Filed: Mar 31, 2025 · CIK: 1767582
Sentiment: neutral
Topics: annual-report, financials, leases, preferred-stock
TL;DR
Luckin Coffee's 2024 20-F is in, check the financials for lease and preferred stock details.
AI Summary
Luckin Coffee Inc. filed its 20-F annual report for the fiscal year ending December 31, 2024. The filing details the company's financial performance and corporate structure. Key financial figures include operating lease liabilities and convertible preferred stock, with specific data points for December 31, 2024, and comparative periods.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of Luckin Coffee's financial health and operational status for the past fiscal year, crucial for investment decisions.
Risk Assessment
Risk Level: medium — Luckin Coffee has a history of financial irregularities, making its filings subject to higher scrutiny and potential risks.
Key Numbers
- 2,093,280,340 — Operating Lease Lease Not Yet Commenced (Represents future lease obligations for leases not yet started as of December 31, 2024.)
- 2,124,695,348 — Operating Lease Lease Not Yet Commenced (Represents future lease obligations for leases not yet started as of December 31, 2023.)
- 144,778,552 — Convertible Preferred Stock (Value of convertible preferred stock as of December 31, 2024.)
Key Players & Entities
- Luckin Coffee Inc. (company) — Filer of the 20-F report
- 2024-12-31 (date) — Fiscal year end date
- 2023-12-31 (date) — Comparative fiscal year end date
- 2022-04-04 (date) — Date related to Restructuring Support Agreement
FAQ
What was the total value of Luckin Coffee's operating lease liabilities not yet commenced as of December 31, 2024?
As of December 31, 2024, the value was $2,093,280,340.
How does the operating lease liability for leases not yet commenced compare between December 31, 2024, and December 31, 2023?
The liability increased from $2,124,695,348 on December 31, 2023, to $2,093,280,340 on December 31, 2024.
What was the reported value of convertible preferred stock on December 31, 2024?
The value of convertible preferred stock on December 31, 2024, was $144,778,552.
Does the filing mention any specific agreements related to restructuring?
Yes, the filing references a Restructuring Support Agreement dated April 4, 2022.
What is the company's primary business classification according to the SIC code?
The company's SIC code is 5810, which falls under RETAIL-EATING & DRINKING PLACES.
Filing Details
This Form 20-F (Form 20-F) was filed with the SEC on March 31, 2025 regarding Luckin Coffee Inc. (LKNCY).