🌟🌟🌟Asia's love affair with tea continues with the explosive growth of $MIXUE GROUP(02097)$ and $Chagee Holdings Limited(CHA)$ 's forthcoming IPO to list on Nasdaq.  After the overwhelming successful IPO of Mixue , I believe that Chagee's IPO will be just as successful  as Mixue. Chagee catapults to be the 2nd largest tea brand after Mixue.  Chagee's goal is to serve tea lovers in 100 countries , generate 300,000 employment opportunities worldwide and in the process it aims to deliver 15 billion cups of freshly brewed tea annually. From its humble beginnings in Yunnan China, Charge has established itself as one of the leading international tea beverage companies with over 6,000 st

I find Chagees rapid growth and strong financial performance impressive, especially its ability to turn profitable so quickly. With a net profit margin of 20.3%, it has outpaced competitors like Mixue and Luckin Coffee, which suggests that its high-end positioning and premium pricing strategy are working. The fact that Chagee focuses on a smaller range of high-quality products rather than frequently launching new flavors also aligns with its goal of being the “Starbucks of the East.” However, while its IPO timing seems favorable given the bullish sentiment around Chinese stocks, I'm cautious about whether it can sustain this profitability in the long run. One concern I have is the decline in same-store sales, which dropped sharply by 18.4% in Q4 2024. This is a red flag because it indicate