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Cayman Islands
(州或其他管辖范围 成立公司或组织) |
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5812
(主要标准工业 分类代码号) |
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Not Applicable
(I.R.S. Employer 识别码) |
|
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Jesse Sheley
Joseph Raymond Casey Ram Narayan Min Lu Kirkland&Ellis International LLP 26th Floor, Gloucester Tower The Landmark 15 Queen’s Road Central Hong Kong Tel: +852-3761-3300 |
| |
Steve Lin
Kirkland&Ellis International LLP 29th Floor, China World Office 2 No.1 Jian Guo Men Wai Avenue Beijing 100004, P.R. China Tel: +86 10-5737-9300 |
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ABOUT THIS PROSPECTUS
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| | | | 1 | | |
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市场、行业等数据
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| | | | 2 | | |
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关于蒂姆·霍顿的声明
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| | | | 3 | | |
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商标、商号和服务标志
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| | | | 3 | | |
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有关汇率的重要信息
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| | | | 3 | | |
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SELECTED DEFINITIONS
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| | | | 4 | | |
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SUMMARY
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| | | | 6 | | |
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注册证券
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| | | | 24 | | |
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汇总合并财务信息
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| | | | 27 | | |
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RISK FACTORS
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| | | | 30 | | |
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有关前瞻性陈述的警示声明
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| | | | 71 | | |
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USE OF PROCEEDS
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| | | | 73 | | |
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DIVIDEND POLICY
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| | | | 74 | | |
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CAPITALIZATION
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| | | | 75 | | |
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BUSINESS
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| | | | 76 | | |
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管理层对财务状况和经营成果的讨论和分析
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| | | | 90 | | |
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MANAGEMENT
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| | | | 114 | | |
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某些关系和关联方交易
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| | | | 121 | | |
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股本说明
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| | | | 123 | | |
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主要股东
|
| | | | 136 | | |
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出售证券持有人
|
| | | | 138 | | |
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PLAN OF DISTRIBUTION
|
| | | | 141 | | |
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此次发售的费用
|
| | | | 145 | | |
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民事责任的可执行性
|
| | | | 146 | | |
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LEGAL MATTERS
|
| | | | 148 | | |
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EXPERTS
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| | | | 149 | | |
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您可以在哪里找到更多信息
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| | | | 150 | | |
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Reference Period
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Reference Period Payment
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Issuer Release Amount
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| |||
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第一个参考期(从2022年12月22日开始并包括2022年12月22日开始的连续25个VWAP交易日,这是紧随成交日期之后的第85个日历日)
|
| |
如果第一个参考期的参考价小于10.40美元:
|
| |
1,666,666乘以相当于10.40美元减去第一个参考期的参考价(如果适用,包括调整后参考价或退市/破产价格)的金额(例如,如果第一个参考期的参考价是3.8美元,即Thil普通股2022年11月16日的收盘价),则为10,999,995.60美元)
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| |
1,666,666乘以第一个参考期的参考价(例如,如果第一个参考期的参考价是3.80美元,即Thil普通股在2022年11月16日的收盘价)
|
|
| 如果第一个参考期的参考价(如果适用,包括调整后的参考价)大于或等于$10.40: | | | Zero | | | 1,666,666 multiplied by $10.40 (or $17,333,326.40) | |
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Reference Period
|
| |
Reference Period Payment
|
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Issuer Release Amount
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第二个参考期(从2023年2月20日开始的连续25个VWAP交易日,包括2023年2月20日,也就是紧随成交日期之后的第145个日历日)
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如果第二个参考期的参考价低于10.60美元:
|
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1,666,666美元乘以相当于10.60美元减去第二个参考期的参考价(如果适用,包括调整后参考价或退市/破产价格)的金额(例如,如果第二个参考期的参考价是3.8美元,即Thil普通股2022年11月16日的收盘价),则为11,333,328.80美元)
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| |
1,666,666乘以第二个参考期的参考价(例如,如果第二个参考期的参考价是3.80美元,即Thil普通股在2022年11月16日的收盘价)
|
|
| 如果第二个参考期的参考价(如果适用,包括调整后的参考价)大于或等于$10.60: | | | Zero | | | 1,666,666 multiplied by $10.60 (or $17,666,659.60) | | |||
|
第三个参考期(从2023年5月21日开始的连续25个VWAP交易日,包括2023年5月21日,也就是紧随收盘日期之后的第235个日历日)
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如果第三个参考期的参考价低于10.90美元:
|
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1,666,668乘以相当于10.9美元减去第三个参考期的参考价(如果适用,包括调整后参考价或退市/破产价格)的金额(例如,如果第三个参考期的参考价是3.8美元,即Thil普通股在2022年11月16日的收盘价),则为11,833,342.80美元)
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| |
1,666,668乘以第三个参考期的参考价(例如,如果第三个参考期的参考价是3.80美元,即Thil普通股在2022年11月16日的收盘价),则为6,333,338.40美元。
|
|
| 如果第三个参考期的参考价(如果适用,包括调整后的参考价)大于或等于$10.90: | | | Zero | | | 1,666,668 multiplied by $10.90 (or $18,166,681.20) | |
| | |
Year ended December 31,
|
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Six months
ended June 30, |
| ||||||||||||||||||||||||||||||||||||
| | |
2019
|
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2020
|
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2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||||||||
| | |
(除每股数据外以千为单位)
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| | |
RMB
|
| |
RMB
|
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RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||||||||||||||
Total revenues
|
| | | | 57,257 | | | | | | 212,085 | | | | | | 643,372 | | | | | | 96,053 | | | | | | 237,266 | | | | | | 403,864 | | | | | | 60,295 | | |
公司自有和运营门店成本和费用
|
| | | | 76,614 | | | | | | 243,731 | | | | | | 755,818 | | | | | | 112,841 | | | | | | 273,426 | | | | | | 509,749 | | | | | | 76,104 | | |
Costs of other revenues
|
| | | | 7,842 | | | | | | 5,208 | | | | | | 16,731 | | | | | | 2,498 | | | | | | 4,642 | | | | | | 16,994 | | | | | | 2,537 | | |
Marketing expenses
|
| | | | 8,020 | | | | | | 16,986 | | | | | | 50,317 | | | | | | 7,512 | | | | | | 15,213 | | | | | | 31,865 | | | | | | 4,757 | | |
一般和行政费用
|
| | | | 51,067 | | | | | | 79,366 | | | | | | 174,963 | | | | | | 26,121 | | | | | | 67,040 | | | | | | 113,518 | | | | | | 16,948 | | |
特许经营权和版税费用
|
| | | | 4,727 | | | | | | 8,592 | | | | | | 18,800 | | | | | | 2,807 | | | | | | 8,330 | | | | | | 14,280 | | | | | | 2,132 | | |
其他运营成本和费用
|
| | | | 439 | | | | | | 2,713 | | | | | | 2,135 | | | | | | 319 | | | | | | 66 | | | | | | 4,568 | | | | | | 682 | | |
财产和设备处置损失
|
| | | | — | | | | | | — | | | | | | 1,546 | | | | | | 231 | | | | | | 741 | | | | | | 7,360 | | | | | | 1,099 | | |
长寿减值损失
assets |
| | | | — | | | | | | — | | | | | | 1,002 | | | | | | 149 | | | | | | — | | | | | | 5,473 | | | | | | 817 | | |
Other income
|
| | | | (196) | | | | | | (3,339) | | | | | | (3,476) | | | | | | (519) | | | | | | (38) | | | | | | (596) | | | | | | (89) | | |
Total costs and expenses, net
|
| | | | 148,513 | | | | | | 353,257 | | | | | | 1,017,836 | | | | | | 151,959 | | | | | | 369,420 | | | | | | 703,211 | | | | | | 104,987 | | |
Operating loss
|
| | | | (91,256) | | | | | | (141,172) | | | | | | (374,464) | | | | | | (55,906) | | | | | | (132,154) | | | | | | (299,347) | | | | | | (44,691) | | |
Interest income
|
| | | | 2,272 | | | | | | 511 | | | | | | 316 | | | | | | 47 | | | | | | 266 | | | | | | 334 | | | | | | 50 | | |
Interest expenses
|
| | | | — | | | | | | — | | | | | | (1,902) | | | | | | (284) | | | | | | — | | | | | | (6,018) | | | | | | (898) | | |
外币交易损益
|
| | | | 1,156 | | | | | | (2,399) | | | | | | (1,302) | | | | | | (194) | | | | | | (941) | | | | | | (768) | | | | | | (115) | | |
可转换票据公允价值变动,不包括特定工具信用风险的影响
|
| | | | — | | | | | | — | | | | | | (5,577) | | | | | | (833) | | | | | | — | | | | | | (21,078) | | | | | | (3,147) | | |
Loss before income taxes
|
| | | | (87,828) | | | | | | (143,060) | | | | | | (382,929) | | | | | | (57,170) | | | | | | (132,829) | | | | | | (326,877) | | | | | | (48,801) | | |
Income tax expenses
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net loss
|
| | | | (87,828) | | | | | | (143,060) | | | | | | (382,929) | | | | | | (57,170) | | | | | | (132,829) | | | | | | (326,877) | | | | | | (48,801) | | |
| | |
Year ended December 31,
|
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Six months
ended June 30, |
| ||||||||||||||||||||||||||||||||||||
| | |
2019
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2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||||||||
| | |
(除每股数据外以千为单位)
|
| |||||||||||||||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||||||||||||||
减去:非控股权益应占净亏损
|
| | | | (174) | | | | | | (1,060) | | | | | | (1,208) | | | | | | (180) | | | | | | (447) | | | | | | (2,480) | | | | | | (370) | | |
Thil股东应占净亏损
|
| | | | (87,654) | | | | | | (142,000) | | | | | | (381,721) | | | | | | (56,989) | | | | | | (132,382) | | | | | | (324,397) | | | | | | (48,431) | | |
每股普通股基本及摊薄亏损
|
| | | | (877) | | | | | | (1,416) | | | | | | (3,340) | | | | | | (499) | | | | | | (1,183) | | | | | | (2,780) | | | | | | (415) | | |
|
| | |
As of December 31,
|
| |
As of June 30,
|
| ||||||||||||||||||||||||
| | |
2020
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
US$
|
| |||||||||||||||
Total current assets
|
| | | | 250,893 | | | | | | 585,973 | | | | | | 87,483 | | | | | | 503,397 | | | | | | 75,155 | | |
Total non-current assets
|
| | | | 329,467 | | | | | | 698,920 | | | | | | 104,346 | | | | | | 734,002 | | | | | | 109,584 | | |
Total assets
|
| | | | 580,360 | | | | | | 1,284,893 | | | | | | 191,829 | | | | | | 1,237,399 | | | | | | 184,739 | | |
Total current liabilities
|
| | | | 128,244 | | | | | | 567,290 | | | | | | 84,694 | | | | | | 803,621 | | | | | | 119,977 | | |
非流动负债合计
|
| | | | 19,064 | | | | | | 378,508 | | | | | | 56,510 | | | | | | 420,899 | | | | | | 62,839 | | |
Total liabilities
|
| | | | 147,308 | | | | | | 945,798 | | | | | | 141,204 | | | | | | 1,224,520 | | | | | | 182,816 | | |
Total shareholders’ equity
|
| | | | 433,052 | | | | | | 339,095 | | | | | | 50,625 | | | | | | 12,879 | | | | | | 1,923 | | |
总负债和股东权益
|
| | | | 580,360 | | | | | | 1,284,893 | | | | | | 191,829 | | | | | | 1,237,399 | | | | | | 184,739 | | |
| | |
Year ended December 31,
|
| |
Six months
ended June 30, |
| ||||||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||||||||||||||
经营活动中使用的净现金
|
| | | | (77,121) | | | | | | (145,773) | | | | | | (244,966) | | | | | | (36,573) | | | | | | (114,727) | | | | | | (154,942) | | | | | | (23,132) | | |
投资活动中使用的净现金
|
| | | | (56,095) | | | | | | (144,747) | | | | | | (335,277) | | | | | | (50,056) | | | | | | (121,236) | | | | | | (180,355) | | | | | | (26,926) | | |
融资提供的净现金
activities |
| | | | 212,802 | | | | | | 221,125 | | | | | | 797,997 | | | | | | 119,138 | | | | | | 287,470 | | | | | | 226,606 | | | | | | 33,831 | | |
外币汇率效应
changes on cash |
| | | | 4,730 | | | | | | (16,173) | | | | | | (1,791) | | | | | | (267) | | | | | | (1,379) | | | | | | 2,988 | | | | | | 446 | | |
Net increase/(decrease) in cash
|
| | | | 84,316 | | | | | | (85,568) | | | | | | 215,963 | | | | | | 32,242 | | | | | | 50,128 | | | | | | (105,703) | | | | | | (15,781) | | |
年初/期初现金
|
| | | | 176,126 | | | | | | 260,442 | | | | | | 174,874 | | | | | | 26,108 | | | | | | 174,874 | | | | | | 390,837 | | | | | | 58,350 | | |
Cash at end of year/period
|
| | | | 260,442 | | | | | | 174,874 | | | | | | 390,837 | | | | | | 58,350 | | | | | | 225,002 | | | | | | 285,134 | | | | | | 42,569 | | |
| | |
Year ended December 31,
|
| |
Six months
ended June 30, |
| ||||||||||||||||||||||||
| | |
2020
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
US$
|
| |||||||||||||||
- 公司拥有和经营门店的收入
|
| | | | 206,036 | | | | | | 617,226 | | | | | | 92,149 | | | | | | 375,579 | | | | | | 56,072 | | |
食品和包装成本 - 公司拥有和运营的商店
|
| | | | (74,402) | | | | | | (207,948) | | | | | | (31,046) | | | | | | (128,466) | | | | | | (19,180) | | |
租赁费 - 公司拥有并经营门店
|
| | | | (54,719) | | | | | | (148,152) | | | | | | (22,118) | | | | | | (98,014) | | | | | | (14,633) | | |
工资和员工福利 - 公司拥有和
operated stores |
| | | | (50,314) | | | | | | (199,330) | | | | | | (29,759) | | | | | | (136,166) | | | | | | (20,329) | | |
配送成本 - 公司拥有和运营的门店
|
| | | | (12,233) | | | | | | (38,605) | | | | | | (5,764) | | | | | | (28,109) | | | | | | (4,197) | | |
- 公司拥有和经营门店的其他运营费用
|
| | | | (52,063) | | | | | | (161,783) | | | | | | (24,154) | | | | | | (118,994) | | | | | | (17,765) | | |
特许经营权和特许权使用费 - 公司拥有和
operated stores |
| | | | (8,592) | | | | | | (18,800) | | | | | | (2,806) | | | | | | (14,280) | | | | | | (2,132) | | |
完全负担的毛利 - 公司拥有和经营门店
|
| | | | (46,287) | | | | | | (157,392) | | | | | | (23,498) | | | | | | (148,450) | | | | | | (22,164) | | |
折旧和摊销(1)
|
| | | | 27,838 | | | | | | 74,276 | | | | | | 11,089 | | | | | | 64,738 | | | | | | 9,666 | | |
开业前材料和人工成本(2)
|
| | | | 19,850 | | | | | | 81,109 | | | | | | 12,110 | | | | | | 14,312 | | | | | | 2,137 | | |
Pre-opening rental expenses(3)
|
| | | | 12,118 | | | | | | 29,474 | | | | | | 4,400 | | | | | | 8,072 | | | | | | 1,205 | | |
Adjusted Store EBITDA
|
| | | | 13,519 | | | | | | 27,467 | | | | | | 4,101 | | | | | | (61,328) | | | | | | (9,156) | | |
| | |
As of June 30, 2022
|
| |||||||||
(RMB, in thousands)
|
| |
Actual
|
| |
As Adjusted
|
| ||||||
| | |
(unaudited)
|
| |||||||||
现金和现金等价物
|
| | | | 285,134 | | | | | | 870,454 | | |
Total liabilities
|
| | | | 1,224,520 | | | | | | 1,224,520 | | |
Equity | | | | | | | | | | | | | |
Ordinary shares
|
| | | | 8 | | | | | | 774 | | |
新增实收资本
|
| | | | 947,280 | | | | | | 1,531,835 | | |
Accumulated losses
|
| | | | (961,925) | | | | | | (961,925) | | |
累计其他综合收益
|
| | | | 26,440 | | | | | | 26,440 | | |
Total Equity
|
| | | | 11,803 | | | | | | 597,123 | | |
Total Capitalization
|
| | | | 1,236,323 | | | | | | 1,821,643 | | |
| | |
As of December 31,
|
| |||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |||||||||||||||||||||||||||
| | |
Number
|
| |
% of Total
|
| |
Number
|
| |
% of Total
|
| |
Number
|
| |
% of Total
|
| ||||||||||||||||||
Operations
|
| | | | 371 | | | | | | 83.0% | | | | | | 707 | | | | | | 60.2% | | | | | | 2,971 | | | | | | 90.2% | | |
Sales and marketing
|
| | | | 8 | | | | | | 1.8% | | | | | | 31 | | | | | | 2.6% | | | | | | 40 | | | | | | 1.2% | | |
研究与创新
|
| | | | 8 | | | | | | 1.8% | | | | | | 10 | | | | | | 0.8% | | | | | | 15 | | | | | | 0.5% | | |
Store development
|
| | | | 15 | | | | | | 3.3% | | | | | | 46 | | | | | | 3.9% | | | | | | 92 | | | | | | 2.8% | | |
经营管理
|
| | | | 45 | | | | | | 10.1% | | | | | | 383 | | | | | | 32.5% | | | | | | 173 | | | | | | 5.3% | | |
Total | | | | | 447 | | | | | | 100% | | | | | | 1,177 | | | | | | 100% | | | | | | 3,291 | | | | | | 100% | | |
| | |
For the year ended December 31,
|
| |
For the six months ended June 30,
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
(in thousands, except for %)
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
RMB
|
| |
%
|
| |
RMB
|
| |
%
|
| |
RMB
|
| |
US$
|
| |
%
|
| |
RMB
|
| |
%
|
| |
RMB
|
| |
US$
|
| |
%
|
| ||||||||||||||||||||||||||||||||||||
Revenues: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Sales of food and
beverage products by company owned and operated stores |
| | | | 48,082 | | | | | | 84.0% | | | | | | 206,036 | | | | | | 97.1% | | | | | | 617,226 | | | | | | 92,149 | | | | | | 95.9% | | | | | | 229,870 | | | | | | 96.9% | | | | | | 375,579 | | | | | | 56,072 | | | | | | 93.0% | | |
Franchise fees
|
| | | | 426 | | | | | | 0.7% | | | | | | 795 | | | | | | 0.4% | | | | | | 1,923 | | | | | | 287 | | | | | | 0.3% | | | | | | 917 | | | | | | 0.4% | | | | | | 2,141 | | | | | | 320 | | | | | | 0.5% | | |
其他特许经营支持活动的收入
|
| | | | 8,749 | | | | | | 15.3% | | | | | | 5,254 | | | | | | 2.5% | | | | | | 9,470 | | | | | | 1,414 | | | | | | 1.5% | | | | | | 4,531 | | | | | | 1.9% | | | | | | 6,159 | | | | | | 919 | | | | | | 1.5% | | |
电子商务销售收入
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,325 | | | | | | 2,139 | | | | | | 2.2% | | | | | | 1,948 | | | | | | 0.8% | | | | | | 19,985 | | | | | | 2,984 | | | | | | 5.0% | | |
Provision of consumer
research service to THRI |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 428 | | | | | | 64 | | | | | | 0.1% | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total Revenues
|
| | | | 57,257 | | | | | | 100.0% | | | | | | 212,085 | | | | | | 100.0% | | | | | | 643,372 | | | | | | 96,053 | | | | | | 100.0% | | | | | | 237,266 | | | | | | 100.0% | | | | | | 403,864 | | | | | | 60,295 | | | | | | 100.0% | | |
| | |
For the year ended December 31,
|
| |
For the six months ended June 30,
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
(in thousands, except for %)
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | |
RMB
|
| |
%
|
| |
RMB
|
| |
%
|
| |
RMB
|
| |
US$
|
| |
%
|
| |
RMB
|
| |
%
|
| |
RMB
|
| |
US$
|
| |
%
|
| ||||||||||||||||||||||||||||||||||||
成本和费用,净额 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有和经营门店
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Food and packaging
|
| | | | 21,598 | | | | | | 14.5% | | | | | | 74,402 | | | | | | 21.1% | | | | | | 207,948 | | | | | | 31,046 | | | | | | 20.4% | | | | | | 76,575 | | | | | | 20.7% | | | | | | 128,466 | | | | | | 19,180 | | | | | | 18.3% | | |
Rental expenses
|
| | | | 18,767 | | | | | | 12.6% | | | | | | 54,719 | | | | | | 15.5% | | | | | | 148,152 | | | | | | 22,118 | | | | | | 14.6% | | | | | | 58,410 | | | | | | 15.8% | | | | | | 98,014 | | | | | | 14,633 | | | | | | 13.9% | | |
工资和员工福利
|
| | | | 20,696 | | | | | | 13.9% | | | | | | 50,314 | | | | | | 14.2% | | | | | | 199,330 | | | | | | 29,759 | | | | | | 19.6% | | | | | | 67,897 | | | | | | 18.4% | | | | | | 136,166 | | | | | | 20,329 | | | | | | 19.4% | | |
Delivery costs
|
| | | | 774 | | | | | | 0.5% | | | | | | 12,233 | | | | | | 3.5% | | | | | | 38,605 | | | | | | 5,764 | | | | | | 3.8% | | | | | | 13,455 | | | | | | 3.6% | | | | | | 28,109 | | | | | | 4,197 | | | | | | 4.0% | | |
其他运营费用
|
| | | | 14,779 | | | | | | 10.0% | | | | | | 52,063 | | | | | | 14.7% | | | | | | 161,783 | | | | | | 24,154 | | | | | | 15.9% | | | | | | 57,089 | | | | | | 15.5% | | | | | | 118,994 | | | | | | 17,765 | | | | | | 16.9% | | |
公司拥有并运营商店
costs and expenses |
| | | | 76,614 | | | | | | 51.5% | | | | | | 243,731 | | | | | | 69.0% | | | | | | 755,818 | | | | | | 112,841 | | | | | | 74.3% | | | | | | 273,426 | | | | | | 74.0% | | | | | | 509,749 | | | | | | 76,104 | | | | | | 72.5% | | |
Costs of other revenues
|
| | | | 7,842 | | | | | | 5.3% | | | | | | 5,208 | | | | | | 1.5% | | | | | | 16,731 | | | | | | 2,498 | | | | | | 1.6% | | | | | | 4,642 | | | | | | 1.3% | | | | | | 16,994 | | | | | | 2,537 | | | | | | 2.4% | | |
Marketing expenses
|
| | | | 8,020 | | | | | | 5.4% | | | | | | 16,986 | | | | | | 4.8% | | | | | | 50,317 | | | | | | 7,512 | | | | | | 4.9% | | | | | | 15,213 | | | | | | 4.1% | | | | | | 31,865 | | | | | | 4,757 | | | | | | 4.5% | | |
一般和行政费用
|
| | | | 51,067 | | | | | | 34.4% | | | | | | 79,366 | | | | | | 22.5% | | | | | | 174,963 | | | | | | 26,121 | | | | | | 17.2% | | | | | | 67,040 | | | | | | 18.1% | | | | | | 113,518 | | | | | | 16,948 | | | | | | 16.1% | | |
特许经营权和版税费用
|
| | | | 4,727 | | | | | | 3.2% | | | | | | 8,592 | | | | | | 2.4% | | | | | | 18,800 | | | | | | 2,807 | | | | | | 1.8% | | | | | | 8,330 | | | | | | 2.3% | | | | | | 14,280 | | | | | | 2,132 | | | | | | 2.0% | | |
Other operating costs and
expenses |
| | | | 439 | | | | | | 0.3% | | | | | | 2,713 | | | | | | 0.8% | | | | | | 2,135 | | | | | | 319 | | | | | | 0.2% | | | | | | 66 | | | | | | — | | | | | | 4,568 | | | | | | 682 | | | | | | 0.7% | | |
财产和设备处置损失
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,546 | | | | | | 231 | | | | | | 0.2% | | | | | | 741 | | | | | | 0.2% | | | | | | 7,360 | | | | | | 1,099 | | | | | | 1.1% | | |
长寿减值损失
assets |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,002 | | | | | | 149 | | | | | | 0.1% | | | | | | — | | | | | | — | | | | | | 5,473 | | | | | | 817 | | | | | | 0.8% | | |
Other income
|
| | | | (196) | | | | | | (0.1)% | | | | | | (3,339) | | | | | | (1.0)% | | | | | | (3,476) | | | | | | (519) | | | | | | (0.3)% | | | | | | (38) | | | | | | — | | | | | | (596) | | | | | | (89) | | | | | | (0.1)% | | |
总成本和费用,净额
|
| | | | 148,513 | | | | | | 100.0% | | | | | | 353,257 | | | | | | 100.0% | | | | | | 1,017,836 | | | | | | 151,959 | | | | | | 100.0% | | | | | | 369,420 | | | | | | 100.0% | | | | | | 703,211 | | | | | | 104,987 | | | | | | 100.0% | | |
| | |
For the six months ended June 30,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2022
|
| ||||||||||||||||||||||||
| | |
(in thousands, except for %)
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
%
|
| |
RMB
|
| |
US$
|
| |
%
|
| |||||||||||||||
Revenues: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有和经营门店
|
| | | | 229,870 | | | | | | 96.9% | | | | | | 375,579 | | | | | | 56,072 | | | | | | 93.0% | | |
Other revenues
|
| | | | 7,396 | | | | | | 3.1% | | | | | | 28,285 | | | | | | 4,223 | | | | | | 7.0% | | |
Total Revenues:
|
| | | | 237,266 | | | | | | 100.0% | | | | | | 403,864 | | | | | | 60,295 | | | | | | 100.0% | | |
成本和费用,净额 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有和经营门店 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Food and packaging
|
| | | | 76,575 | | | | | | 32.3% | | | | | | 128,466 | | | | | | 19,180 | | | | | | 31.8% | | |
| | |
For the six months ended June 30,
|
| |||||||||||||||||||||||||||
| | |
2021
|
| |
2022
|
| ||||||||||||||||||||||||
| | |
(in thousands, except for %)
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
%
|
| |
RMB
|
| |
US$
|
| |
%
|
| |||||||||||||||
Rental expenses
|
| | | | 58,410 | | | | | | 24.6% | | | | | | 98,014 | | | | | | 14,633 | | | | | | 24.3% | | |
工资和员工福利
|
| | | | 67,897 | | | | | | 28.6% | | | | | | 136,166 | | | | | | 20,329 | | | | | | 33.7% | | |
Delivery costs
|
| | | | 13,455 | | | | | | 5.7% | | | | | | 28,109 | | | | | | 4,197 | | | | | | 7.0% | | |
其他运营费用
|
| | | | 57,089 | | | | | | 24.1% | | | | | | 118,994 | | | | | | 17,765 | | | | | | 29.5% | | |
公司自有和运营门店成本和费用
|
| | | | 273,426 | | | | | | 115.3% | | | | | | 509,749 | | | | | | 76,104 | | | | | | 126.3% | | |
Costs of other revenues
|
| | | | 4,642 | | | | | | 2.0% | | | | | | 16,994 | | | | | | 2,537 | | | | | | 4.2% | | |
Marketing expenses
|
| | | | 15,213 | | | | | | 6.4% | | | | | | 31,865 | | | | | | 4,757 | | | | | | 7.9% | | |
一般和行政费用
|
| | | | 67,040 | | | | | | 28.3% | | | | | | 113,518 | | | | | | 16,948 | | | | | | 28.1% | | |
特许经营权和版税费用
|
| | | | 8,330 | | | | | | 3.5% | | | | | | 14,280 | | | | | | 2,132 | | | | | | 3.5% | | |
其他运营成本和费用
|
| | | | 66 | | | | | | — | | | | | | 4,568 | | | | | | 682 | | | | | | 1.1% | | |
财产和设备处置损失
|
| | | | 741 | | | | | | — | | | | | | 7,360 | | | | | | 1,099 | | | | | | 1.8% | | |
长寿资产减值损失
|
| | | | — | | | | | | — | | | | | | 5,473 | | | | | | 817 | | | | | | 1.4% | | |
Other income
|
| | | | (38) | | | | | | — | | | | | | (596) | | | | | | (89) | | | | | | (0.1)% | | |
总成本和费用,净额
|
| | | | 369,420 | | | | | | 155.5% | | | | | | 703,211 | | | | | | 104,987 | | | | | | 174.2% | | |
Operating Loss
|
| | | | (132,154) | | | | | | (55.7)% | | | | | | (299,347) | | | | | | (44,691) | | | | | | (74.1)% | | |
Interest income
|
| | | | 266 | | | | | | 0.1% | | | | | | 334 | | | | | | 50 | | | | | | 0.1% | | |
Interest expenses
|
| | | | — | | | | | | — | | | | | | (6,018) | | | | | | (898) | | | | | | (1.5)% | | |
外币交易损失
|
| | | | (941) | | | | | | (0.4)% | | | | | | (768) | | | | | | (115) | | | | | | (0.2)% | | |
可转换票据公允价值变动,不包括特定工具信用风险的影响
|
| | | | — | | | | | | — | | | | | | (21,078) | | | | | | (3,147) | | | | | | (5.2)% | | |
所得税前亏损
|
| | | | (132,829) | | | | | | (56.0)% | | | | | | (326,877) | | | | | | (48,801) | | | | | | (80.9)% | | |
Income Tax Expenses
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net Loss
|
| | | | (132,829) | | | | | | (56.0)% | | | | | | (326,877) | | | | | | (48,801) | | | | | | (80.9)% | | |
| | |
For the year ended December 31,
|
| |||||||||||||||||||||||||||
| | |
2020
|
| |
2021
|
| ||||||||||||||||||||||||
| | |
(in thousands, except for %)
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
%
|
| |
RMB
|
| |
US$
|
| |
%
|
| |||||||||||||||
Revenues: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有和经营门店
|
| | | | 206,036 | | | | | | 97.1% | | | | | | 617,226 | | | | | | 92,149 | | | | | | 95.9% | | |
Other revenues
|
| | | | 6,049 | | | | | | 2.9% | | | | | | 26,146 | | | | | | 3,904 | | | | | | 4.1% | | |
Total Revenues:
|
| | | | 212,085 | | | | | | 100.0% | | | | | | 643,372 | | | | | | 96,053 | | | | | | 100.0% | | |
| | |
For the year ended December 31,
|
| |||||||||||||||||||||||||||
| | |
2020
|
| |
2021
|
| ||||||||||||||||||||||||
| | |
(in thousands, except for %)
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
%
|
| |
RMB
|
| |
US$
|
| |
%
|
| |||||||||||||||
成本和费用,净额 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有和经营门店 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Food and packaging
|
| | | | 74,402 | | | | | | 35.1% | | | | | | 207,948 | | | | | | 31,046 | | | | | | 32.3% | | |
Rental expenses
|
| | | | 54,719 | | | | | | 25.8% | | | | | | 148,152 | | | | | | 22,118 | | | | | | 23.0% | | |
工资和员工福利
|
| | | | 50,314 | | | | | | 23.7% | | | | | | 199,330 | | | | | | 29,759 | | | | | | 31.0% | | |
Delivery costs
|
| | | | 12,233 | | | | | | 5.8% | | | | | | 38,605 | | | | | | 5,764 | | | | | | 6.0% | | |
其他运营费用
|
| | | | 52,063 | | | | | | 24.5% | | | | | | 161,783 | | | | | | 24,154 | | | | | | 25.1% | | |
公司自有和运营门店成本和费用
|
| | | | 243,731 | | | | | | 114.9% | | | | | | 755,818 | | | | | | 112,841 | | | | | | 117.5% | | |
Costs of other revenues
|
| | | | 5,208 | | | | | | 2.5% | | | | | | 16,731 | | | | | | 2,498 | | | | | | 2.6% | | |
Marketing expenses
|
| | | | 16,986 | | | | | | 8.0% | | | | | | 50,317 | | | | | | 7,512 | | | | | | 7.8% | | |
一般和行政费用
|
| | | | 79,366 | | | | | | 37.4% | | | | | | 174,963 | | | | | | 26,121 | | | | | | 27.2% | | |
特许经营权和版税费用
|
| | | | 8,592 | | | | | | 4.1% | | | | | | 18,800 | | | | | | 2,807 | | | | | | 2.9% | | |
其他运营成本和费用
|
| | | | 2,713 | | | | | | 1.3% | | | | | | 2,135 | | | | | | 319 | | | | | | 0.3% | | |
财产和设备处置损失
|
| | | | — | | | | | | — | | | | | | 1,546 | | | | | | 231 | | | | | | 0.2% | | |
长寿资产减值损失
|
| | | | — | | | | | | — | | | | | | 1,002 | | | | | | 149 | | | | | | 0.2% | | |
Other income
|
| | | | (3,339) | | | | | | (1.6)% | | | | | | (3,476) | | | | | | (519) | | | | | | (0.5)% | | |
总成本和费用,净额
|
| | | | 353,257 | | | | | | 166.6% | | | | | | 1,017,836 | | | | | | 151,959 | | | | | | 158.2% | | |
Operating Loss
|
| | | | (141,172) | | | | | | (66.6)% | | | | | | (374,464) | | | | | | (55,906) | | | | | | (58.2)% | | |
Interest income
|
| | | | 511 | | | | | | 0.2% | | | | | | 316 | | | | | | 47 | | | | | | — | | |
Interest expenses
|
| | | | — | | | | | | — | | | | | | (1,902) | | | | | | (284) | | | | | | (0.3)% | | |
外币交易损失
|
| | | | (2,399) | | | | | | (1.1)% | | | | | | (1,302) | | | | | | (194) | | | | | | (0.2)% | | |
可转换票据公允价值变动,不包括特定工具信用风险的影响
|
| | | | — | | | | | | — | | | | | | (5,577) | | | | | | (833) | | | | | | (0.9)% | | |
所得税前亏损
|
| | | | (143,060) | | | | | | (67.5)% | | | | | | (382,929) | | | | | | (57,170) | | | | | | (59.5)% | | |
Income Tax Expenses
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net Loss
|
| | | | (143,060) | | | | | | (67.5)% | | | | | | (382,929) | | | | | | (57,170) | | | | | | (59.5)% | | |
| | |
For the year ended December 31,
|
| |||||||||||||||||||||
| | |
2019
|
| |
2020
|
| ||||||||||||||||||
| | |
(in thousands, except for %)
|
| |||||||||||||||||||||
| | |
RMB
|
| |
%
|
| |
RMB
|
| |
%
|
| ||||||||||||
Revenues: | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有和经营门店
|
| | | | 48,082 | | | | | | 84.0% | | | | | | 206,036 | | | | | | 97.1% | | |
Other revenues
|
| | | | 9,175 | | | | | | 16.0% | | | | | | 6,049 | | | | | | 2.9% | | |
Total Revenues:
|
| | | | 57,257 | | | | | | 100.0% | | | | | | 212,085 | | | | | | 100.0% | | |
成本和费用,净额 | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有和经营门店 | | | | | | | | | | | | | | | | | | | | | | | | | |
Food and packaging
|
| | | | 21,598 | | | | | | 37.7% | | | | | | 74,402 | | | | | | 35.1% | | |
Rental expenses
|
| | | | 18,767 | | | | | | 32.8% | | | | | | 54,719 | | | | | | 25.8% | | |
工资和员工福利
|
| | | | 20,696 | | | | | | 36.1% | | | | | | 50,314 | | | | | | 23.7% | | |
| | |
For the year ended December 31,
|
| |||||||||||||||||||||
| | |
2019
|
| |
2020
|
| ||||||||||||||||||
| | |
(in thousands, except for %)
|
| |||||||||||||||||||||
| | |
RMB
|
| |
%
|
| |
RMB
|
| |
%
|
| ||||||||||||
Delivery costs
|
| | | | 774 | | | | | | 1.4% | | | | | | 12,233 | | | | | | 5.8% | | |
其他运营费用
|
| | | | 14,779 | | | | | | 25.8% | | | | | | 52,063 | | | | | | 24.5% | | |
公司自有和运营门店成本和费用
|
| | | | 76,614 | | | | | | 133.7% | | | | | | 243,731 | | | | | | 114.9% | | |
Costs of other revenues
|
| | | | 7,842 | | | | | | 13.7% | | | | | | 5,208 | | | | | | 2.5% | | |
Marketing expenses
|
| | | | 8,020 | | | | | | 14.0% | | | | | | 16,986 | | | | | | 8.0% | | |
一般和行政费用
|
| | | | 51,067 | | | | | | 89.2% | | | | | | 79,366 | | | | | | 37.4% | | |
特许经营权和版税费用
|
| | | | 4,727 | | | | | | 8.3% | | | | | | 8,592 | | | | | | 4.1% | | |
其他运营成本和费用
|
| | | | 439 | | | | | | 0.8% | | | | | | 2,713 | | | | | | 1.3% | | |
Other income
|
| | | | (196) | | | | | | (0.3)% | | | | | | (3,339) | | | | | | (1.6)% | | |
总成本和费用,净额
|
| | | | 148,513 | | | | | | 259.4% | | | | | | 353,257 | | | | | | 166.6% | | |
Operating Loss
|
| | | | (91,256) | | | | | | (159.4)% | | | | | | (141,172) | | | | | | (66.6)% | | |
Interest Income
|
| | | | 2,272 | | | | | | 4.0% | | | | | | 511 | | | | | | 0.2% | | |
外币交易损益
|
| | | | 1,156 | | | | | | 2.0% | | | | | | (2,399) | | | | | | (1.1)% | | |
所得税前亏损
|
| | | | (87,828) | | | | | | (153.4)% | | | | | | (143,060) | | | | | | (67.5)% | | |
Income Tax Expenses
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net Loss
|
| | | | (87,828) | | | | | | (153.4)% | | | | | | (143,060) | | | | | | (67.5)% | | |
|
| | |
Year ended December 31,
|
| |
Six months
ended June 30, |
| ||||||||||||||||||||||||
| | |
2020
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
US$
|
| |||||||||||||||
- 公司拥有和经营门店的收入
|
| | | | 206,036 | | | | | | 617,226 | | | | | | 92,149 | | | | | | 375,579 | | | | | | 56,072 | | |
食品和包装成本 - 公司拥有并运营
stores |
| | | | (74,402) | | | | | | (207,948) | | | | | | (31,046) | | | | | | (128,466) | | | | | | (19,180) | | |
租赁费 - 公司拥有并经营门店
|
| | | | (54,719) | | | | | | (148,152) | | | | | | (22,118) | | | | | | (98,014) | | | | | | (14,633) | | |
工资和员工福利 - 公司拥有和经营商店
|
| | | | (50,314) | | | | | | (199,330) | | | | | | (29,759) | | | | | | (136,166) | | | | | | (20,329) | | |
配送成本 - 公司拥有和运营的门店
|
| | | | (12,233) | | | | | | (38,605) | | | | | | (5,764) | | | | | | (28,109) | | | | | | (4,197) | | |
- 公司拥有和运营的其他运营费用
stores |
| | | | (52,063) | | | | | | (161,783) | | | | | | (24,154) | | | | | | (118,994) | | | | | | (17,765) | | |
特许经营权和特许权使用费 - 公司拥有和经营商店
|
| | | | (8,592) | | | | | | (18,800) | | | | | | (2,806) | | | | | | (14,280) | | | | | | (2,132) | | |
完全负担的毛利 - 公司拥有和经营门店
|
| | | | (46,287) | | | | | | (157,392) | | | | | | (23,498) | | | | | | (148,450) | | | | | | (22,164) | | |
折旧和摊销(1)
|
| | | | 27,838 | | | | | | 74,276 | | | | | | 11,089 | | | | | | 64,738 | | | | | | 9,666 | | |
开业前材料和人工成本(2)
|
| | | | 19,850 | | | | | | 81,109 | | | | | | 12,110 | | | | | | 14,312 | | | | | | 2,137 | | |
开业前租金(3)
|
| | | | 12,118 | | | | | | 29,474 | | | | | | 4,400 | | | | | | 8,072 | | | | | | 1,205 | | |
Adjusted Store EBITDA
|
| | | | 13,519 | | | | | | 27,467 | | | | | | 4,101 | | | | | | (61,328) | | | | | | (9,156) | | |
| | |
Year ended December 31,
|
| |
Six months
ended June 30, |
| ||||||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||||||||||||||
| | |
(in thousands)
|
| |||||||||||||||||||||||||||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |||||||||||||||||||||
经营活动中使用的净现金
|
| | | | (77,121) | | | | | | (145,773) | | | | | | (244,966) | | | | | | (36,573) | | | | | | (114,727) | | | | | | (154,942) | | | | | | (23,132) | | |
投资活动中使用的净现金
|
| | | | (56,095) | | | | | | (144,747) | | | | | | (335,277) | | | | | | (50,056) | | | | | | (121,236) | | | | | | (180,355) | | | | | | (26,926) | | |
融资活动提供的现金净额
|
| | | | 212,802 | | | | | | 221,125 | | | | | | 797,997 | | | | | | 119,138 | | | | | | 287,470 | | | | | | 226,606 | | | | | | 33,831 | | |
外币汇率变动对现金的影响
|
| | | | 4,730 | | | | | | (16,173) | | | | | | (1,791) | | | | | | (267) | | | | | | (1,379) | | | | | | 2,988 | | | | | | 446 | | |
现金净增/(减)
|
| | | | 84,316 | | | | | | (85,568) | | | | | | 215,963 | | | | | | 32,242 | | | | | | 50,128 | | | | | | (105,703) | | | | | | (15,781) | | |
年初现金/期间
|
| | | | 176,126 | | | | | | 260,442 | | | | | | 174,874 | | | | | | 26,108 | | | | | | 174,874 | | | | | | 390,837 | | | | | | 58,350 | | |
Cash at end of year/period
|
| | | | 260,442 | | | | | | 174,874 | | | | | | 390,837 | | | | | | 58,350 | | | | | | 225,002 | | | | | | 285,134 | | | | | | 42,569 | | |
| | |
Payment due by
|
| |||||||||||||||||||||||||||
| | |
Total
|
| |
Less than 1 year
|
| |
1 – 3 years
|
| |
3 – 5 years
|
| |
More than
5 years |
| |||||||||||||||
| | |
(RMB, in thousands)
|
| |||||||||||||||||||||||||||
Bank borrowings
|
| | | | 203,958 | | | | | | 192,055 | | | | | | 11,903 | | | | | | — | | | | | | — | | |
Convertible notes
|
| | | | 318,785 | | | | | | — | | | | | | — | | | | | | 318,785 | | | | | | — | | |
经营租赁承诺额
|
| | | | 1,052,958 | | | | | | 172,200 | | | | | | 350,758 | | | | | | 274,356 | | | | | | 255,644 | | |
Total | | | | | 1,575,701 | | | | | | 364,255 | | | | | | 362,661 | | | | | | 593,141 | | | | | | 255,644 | | |
| | |
2019
|
| |
2020
|
| |
2021
|
| |
Six months ended
June 30, 2022 |
|
Expected volatility
|
| |
20.68% – 20.89%
|
| |
24.51% – 26.99%
|
| |
24.74% – 25.00%
|
| |
25.00%
|
|
无风险利率(年利率)
|
| |
1.75% – 2.46%
|
| |
1.01% – 1.12%
|
| |
2.47% – 2.53%
|
| |
2.50% – 2.80%
|
|
Exercise multiple
|
| |
2.80
|
| |
2.50 – 2.80
|
| |
2.50 – 2.80
|
| |
2.50 – 2.80
|
|
预期股息收益率
|
| |
0.00%
|
| |
0.00%
|
| |
0.00%
|
| |
0.00%
|
|
Expected term (in years)
|
| |
7
|
| |
6
|
| |
10
|
| |
10
|
|
标的单位公允价值(4,500单位=1股普通股)
|
| |
$0.27
|
| |
$0.37 – $0.53
|
| |
$0.88 – $1.49
|
| |
$1.86
|
|
Name
|
| |
Age
|
| |
Position
|
|
Peter Yu | | |
60
|
| | 董事长兼董事 | |
Yongchen Lu | | |
45
|
| | 首席执行官兼董事 | |
Dong Li | | |
46
|
| | 首席财务官 | |
Bin He | | |
39
|
| | 首席消费者官 | |
Gregory Armstrong | | |
45
|
| | Director | |
Paul Hong | | |
52
|
| | Director | |
Andrew Wehrley | | |
44
|
| | Director | |
Meizi Zhu | | |
37
|
| | Director | |
Eric Haibing Wu | | |
50
|
| | Director | |
拉斐尔·奥多里齐·德·奥利维拉 | | |
37
|
| | Director | |
Derek Cheung | | |
44
|
| | Director | |
Name
|
| |
Unit Granted
|
| |
Ordinary Shares
Underlying Options |
| |
Exercise Price
(US$/Unit) |
| |
Date of
Grant |
| |
Date of
Expiration |
| |||||||||||||||
Yongchen Lu
|
| | | | 5,000,000 | | | | | | 1,448,615 | | | | | | — | | | | | | 2018/05/01 | | | | | | 2028/05/01 | | |
| | | | | 5,000,000 | | | | | | 1,448,615 | | | | | | 0.2 | | | | | | 2018/05/01 | | | | | | 2028/05/01 | | |
| | | | | * | | | | | | * | | | | | | 0.6 | | | | | | 2021/04/01 | | | | | | 2031/04/01 | | |
Bin He
|
| | | | * | | | | | | * | | | | | | 0.2 | | | | | | 2018/05/01 | | | | | | 2028/05/01 | | |
| | | | | * | | | | | | * | | | | | | 0.6 | | | | | | 2021/02/01 | | | | | | 2031/02/01 | | |
| | | | | * | | | | | | * | | | | | | 1.2 | | | | | | 2022/03/01 | | | | | | 2032/03/01 | | |
Dong Li
|
| | | | * | | | | | | * | | | | | | 0.6 | | | | | | 2021/09/06 | | | | | | 2031/09/06 | | |
| | | | | * | | | | | | * | | | | | | 1.2 | | | | | | 2022/03/01 | | | | | | 2032/03/01 | | |
所有董事和高管作为一个群体
|
| | | | 18,088,658 | | | | | | 5,240,701 | | | | | | | | | | | | | | | | | | | | |
| | |
普通股公允市值
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||
赎回日期(截止日期为
Warrants) |
| |
≤$10.00
|
| |
11.00
|
| |
12.00
|
| |
13.00
|
| |
14.00
|
| |
15.00
|
| |
16.00
|
| |
17.00
|
| |
≥18.00
|
| |||||||||||||||||||||||||||
60 months
|
| | | | 0.261 | | | | | | 0.281 | | | | | | 0.297 | | | | | | 0.311 | | | | | | 0.324 | | | | | | 0.337 | | | | | | 0.348 | | | | | | 0.358 | | | | | | 0.361 | | |
57 months
|
| | | | 0.257 | | | | | | 0.277 | | | | | | 0.294 | | | | | | 0.310 | | | | | | 0.324 | | | | | | 0.337 | | | | | | 0.348 | | | | | | 0.358 | | | | | | 0.361 | | |
54 months
|
| | | | 0.252 | | | | | | 0.272 | | | | | | 0.291 | | | | | | 0.307 | | | | | | 0.322 | | | | | | 0.335 | | | | | | 0.347 | | | | | | 0.357 | | | | | | 0.361 | | |
51 months
|
| | | | 0.246 | | | | | | 0.268 | | | | | | 0.287 | | | | | | 0.304 | | | | | | 0.320 | | | | | | 0.333 | | | | | | 0.346 | | | | | | 0.357 | | | | | | 0.361 | | |
48 months
|
| | | | 0.241 | | | | | | 0.263 | | | | | | 0.283 | | | | | | 0.301 | | | | | | 0.317 | | | | | | 0.332 | | | | | | 0.344 | | | | | | 0.356 | | | | | | 0.361 | | |
45 months
|
| | | | 0.235 | | | | | | 0.258 | | | | | | 0.279 | | | | | | 0.298 | | | | | | 0.315 | | | | | | 0.330 | | | | | | 0.343 | | | | | | 0.356 | | | | | | 0.361 | | |
42 months
|
| | | | 0.228 | | | | | | 0.252 | | | | | | 0.274 | | | | | | 0.294 | | | | | | 0.312 | | | | | | 0.328 | | | | | | 0.342 | | | | | | 0.355 | | | | | | 0.361 | | |
39 months
|
| | | | 0.221 | | | | | | 0.246 | | | | | | 0.269 | | | | | | 0.290 | | | | | | 0.309 | | | | | | 0.325 | | | | | | 0.340 | | | | | | 0.354 | | | | | | 0.361 | | |
36 months
|
| | | | 0.213 | | | | | | 0.239 | | | | | | 0.263 | | | | | | 0.285 | | | | | | 0.305 | | | | | | 0.323 | | | | | | 0.339 | | | | | | 0.353 | | | | | | 0.361 | | |
33 months
|
| | | | 0.205 | | | | | | 0.232 | | | | | | 0.257 | | | | | | 0.280 | | | | | | 0.301 | | | | | | 0.320 | | | | | | 0.337 | | | | | | 0.352 | | | | | | 0.361 | | |
30 months
|
| | | | 0.196 | | | | | | 0.224 | | | | | | 0.250 | | | | | | 0.274 | | | | | | 0.297 | | | | | | 0.316 | | | | | | 0.335 | | | | | | 0.351 | | | | | | 0.361 | | |
27 months
|
| | | | 0.185 | | | | | | 0.214 | | | | | | 0.242 | | | | | | 0.268 | | | | | | 0.291 | | | | | | 0.313 | | | | | | 0.332 | | | | | | 0.350 | | | | | | 0.361 | | |
24 months
|
| | | | 0.173 | | | | | | 0.204 | | | | | | 0.233 | | | | | | 0.260 | | | | | | 0.285 | | | | | | 0.308 | | | | | | 0.329 | | | | | | 0.348 | | | | | | 0.361 | | |
21 months
|
| | | | 0.161 | | | | | | 0.193 | | | | | | 0.223 | | | | | | 0.252 | | | | | | 0.279 | | | | | | 0.304 | | | | | | 0.326 | | | | | | 0.347 | | | | | | 0.361 | | |
18 months
|
| | | | 0.146 | | | | | | 0.179 | | | | | | 0.211 | | | | | | 0.242 | | | | | | 0.271 | | | | | | 0.298 | | | | | | 0.322 | | | | | | 0.345 | | | | | | 0.361 | | |
15 months
|
| | | | 0.130 | | | | | | 0.164 | | | | | | 0.197 | | | | | | 0.230 | | | | | | 0.262 | | | | | | 0.291 | | | | | | 0.317 | | | | | | 0.342 | | | | | | 0.361 | | |
12 months
|
| | | | 0.111 | | | | | | 0.146 | | | | | | 0.181 | | | | | | 0.216 | | | | | | 0.250 | | | | | | 0.282 | | | | | | 0.312 | | | | | | 0.339 | | | | | | 0.361 | | |
9 months
|
| | | | 0.090 | | | | | | 0.125 | | | | | | 0.162 | | | | | | 0.199 | | | | | | 0.237 | | | | | | 0.272 | | | | | | 0.305 | | | | | | 0.336 | | | | | | 0.361 | | |
6 months
|
| | | | 0.065 | | | | | | 0.099 | | | | | | 0.137 | | | | | | 0.178 | | | | | | 0.219 | | | | | | 0.259 | | | | | | 0.296 | | | | | | 0.331 | | | | | | 0.361 | | |
3 months
|
| | | | 0.034 | | | | | | 0.065 | | | | | | 0.104 | | | | | | 0.150 | | | | | | 0.197 | | | | | | 0.243 | | | | | | 0.286 | | | | | | 0.326 | | | | | | 0.361 | | |
0 months
|
| | | | — | | | | | | — | | | | | | 0.042 | | | | | | 0.115 | | | | | | 0.179 | | | | | | 0.233 | | | | | | 0.281 | | | | | | 0.323 | | | | | | 0.361 | | |
Name of Beneficial Owner
|
| |
Number
|
| |
Percentage
|
| ||||||
5%或更大股东: | | | | | | | | | | | | | |
Pangaea Two Acquisition Holdings XXIIA Limited
|
| | | | 71,677,504(1) | | | | | | 48.0% | | |
腾讯控股移动有限公司
|
| | | | 20,183,010(2) | | | | | | 13.5% | | |
SCC Growth VI Holdco D, Ltd.
|
| | | | 14,503,032(3) | | | | | | 9.7% | | |
银冠管理有限责任公司
|
| | | | 8,762,500(4) | | | | | | 5.7% | | |
THC Hope IB Limited
|
| | | | 8,242,983(5) | | | | | | 5.5% | | |
董事和高管†: | | | | | | | | | | | | | |
Peter Yu
|
| | | | 79,468,522(6) | | | | | | 53.1% | | |
Yongchen Lu
|
| | | | *(7) | | | | | | * | | |
Dong Li
|
| | | | — | | | | | | — | | |
Bin He
|
| | | | *(8) | | | | | | * | | |
Gregory Armstrong
|
| | | | — | | | | | | — | | |
Paul Hong
|
| | | | — | | | | | | — | | |
Andrew Wehrley
|
| | | | — | | | | | | — | | |
Meizi Zhu
|
| | | | — | | | | | | — | | |
Eric Haibing Wu
|
| | | | — | | | | | | — | | |
拉斐尔·奥多里齐·德·奥利维拉
|
| | | | — | | | | | | — | | |
Derek Cheung
|
| | | | — | | | | | | — | | |
全体高管和董事(11人)
|
| | | | 81,428,958 | | | | | | 54.4% | | |
| | |
Ordinary Shares
|
| |
Warrants
购买普通股 |
| ||||||||||||||||||||||||||||||
Name
|
| |
Number
Beneficially Owned Prior to Offering |
| |
Number
Registered for Sale Hereby |
| |
Number
Beneficially Owned After Offering |
| |
Number
Beneficially Owned Prior to Offering |
| |
Number
Registered For Sale Hereby |
| |
Number
Beneficially Owner After Offering |
| ||||||||||||||||||
Pangaea Two Acquisition Holdings XXIA Limited(1)
|
| | | | 71,677,504 | | | | | | 21,363,251 | | | | | | 50,314,253 | | | | | | — | | | | | | — | | | | | | — | | |
腾讯控股移动有限公司(2)
|
| | | | 19,783,010 | | | | | | 6,774,903 | | | | | | 13,008,107 | | | | | | 400,000 | | | | | | 400,000 | | | | | | — | | |
SCC Growth VI Holdco D, Ltd.(3)
|
| | | | 14,503,032 | | | | | | 4,560,910 | | | | | | 9,942,122 | | | | | | — | | | | | | — | | | | | | — | | |
东贝尔国际XXVI有限公司(4)
|
| | | | 7,251,517 | | | | | | 2,280,455 | | | | | | 4,971,062 | | | | | | — | | | | | | — | | | | | | — | | |
盘古二次收购控股XXIII有限公司(5)
|
| | | | 6,191,018 | | | | | | 1,857,305 | | | | | | 4,333,713 | | | | | | | | | | | | | | | | | | | | |
银冠管理有限责任公司(6)
|
| | | | 4,312,500 | | | | | | 4,312,500 | | | | | | — | | | | | | 4,450,000 | | | | | | 4,450,000 | | | | | | — | | |
少林资本合伙人大师基金有限公司(7)
|
| | | | 2,108,200 | | | | | | 2,108,200 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
TH China Partners Limited(8)
|
| | | | 1,200,000 | | | | | | 1,200,000 | | | | | | — | | | | | | 400,000 | | | | | | 400,000 | | | | | | — | | |
蒂姆·霍顿餐饮国际有限公司(9)
|
| | | | 5,651,956 | | | | | | 1,200,000 | | | | | | 4,451,956 | | | | | | 400,000 | | | | | | 400,000 | | | | | | — | | |
MAP214隔离投资组合,LMA SPC的隔离投资组合(10)
|
| | | | 1,135,900 | | | | | | 1,135,900 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
DS Liquid DIV RVA SCM LLC(11)
|
| | | | 1,092,000 | | | | | | 1,092,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
少林资本合伙人SP,PC MAP SPC的独立投资组合(12)
|
| | | | 663,900 | | | | | | 663,900 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
银冠投资有限公司(13)
|
| | | | 500,000 | | | | | | 500,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Sona Credit Master Fund
Limited(14) |
| | | | 3,130,735 | | | | | | 3,130,735 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
日出合伙人有限合伙企业(15)
|
| | | | 4,321,306 | | | | | | 4,321,306 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Expense
|
| |
Amount
|
| |||
SEC registration fee
|
| | | $ | 21,479.97 | | |
Printing expenses
|
| | | $ | 50,000 | | |
Legal fees and expenses
|
| | | $ | 250,000 | | |
会计费和费用
|
| | | $ | 150,000 | | |
Miscellaneous
|
| | | $ | 25,000 | | |
Total
|
| | | $ | 496,479.97 | | |
| | |
Page
|
| |||
独立注册会计师事务所报告
|
| | | | F-2 | | |
截至2021年12月31日和2020年12月31日的合并资产负债表
|
| | | | F-3 | | |
截至2021年12月31日、2020年12月31日和2019年12月31日的年度综合经营报表
|
| | | | F-4 | | |
截至2021年12月31日、2020年12月31日和2019年12月31日的综合全面亏损报表
|
| | | | F-5 | | |
截至2021年12月31日的年度股东权益变动合并报表
2020 and 2019 |
| | | | F-6 | | |
截至2021年12月31日、2020年12月31日和2019年12月31日的合并现金流量表
|
| | | | F-7 | | |
合并财务报表附注
|
| | | | F-9 | | |
截至2022年6月30日和2021年12月31日的未经审计简明合并资产负债表
|
| | | | F-41 | | |
截至2022年6月30日和2021年6月30日的三个月和六个月未经审计的简明综合经营报表
|
| | | | F-42 | | |
截至2022年6月30日和2021年6月30日的三个月和六个月未经审计的简明综合全面亏损报表
|
| | | | F-44 | | |
截至2022年6月30日和2021年6月30日的六个月未经审计的现金流量简明合并报表
|
| | | | F-45 | | |
未经审计的简明合并财务报表附注
|
| | | | F-46 | | |
| | | | | | | | |
As of December 31
|
| |||||||||
| | |
Note
|
| |
2021
|
| |
2020
|
| |||||||||
| | | | | | | | |
RMB
|
| |
RMB
|
| ||||||
ASSETS | | | | | | | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | | | | | | | |
Cash
|
| | | | | | | | | | 390,837,386 | | | | | | 174,873,739 | | |
Accounts receivable
|
| | | | 3 | | | | | | 9,817,292 | | | | | | 7,978,152 | | |
Inventories
|
| | | | 4 | | | | | | 42,479,403 | | | | | | 11,304,698 | | |
预付费用和其他流动资产
|
| | | | 5 | | | | | | 142,838,295 | | | | | | 56,736,515 | | |
Total current assets
|
| | | | | | | | | | 585,972,376 | | | | | | 250,893,104 | | |
Non-current assets | | | | | | | | | | | | | | | | | | | |
财产和设备,净额
|
| | | | 6 | | | | | | 554,015,231 | | | | | | 235,752,655 | | |
Intangible assets, net
|
| | | | 7 | | | | | | 77,593,680 | | | | | | 61,903,026 | | |
Other non-current assets
|
| | | | 8 | | | | | | 67,311,223 | | | | | | 31,811,916 | | |
Total non-current assets
|
| | | | | | | | | | 698,920,134 | | | | | | 329,467,597 | | |
Total assets
|
| | | | | | | | | | 1,284,892,510 | | | | | | 580,360,701 | | |
负债和股东权益 | | | | | | | | | | | | | | | | | | | |
流动负债 | | | | | | | | | | | | | | | | | | | |
短期银行借款
|
| | | | 9 | | | | | | 192,055,323 | | | | | | — | | |
Accounts payable
|
| | | | | | | | | | 60,952,491 | | | | | | 15,396,770 | | |
Contract liabilities
|
| | | | 10 | | | | | | 14,129,311 | | | | | | 2,860,704 | | |
应付关联方金额
|
| | | | 22 | | | | | | 14,073,915 | | | | | | 7,678,486 | | |
其他流动负债
|
| | | | 13 | | | | | | 286,078,575 | | | | | | 102,308,418 | | |
流动负债总额
|
| | | | | | | | | | 567,289,615 | | | | | | 128,244,378 | | |
非流动负债 | | | | | | | | | | | | | | | | | | | |
长期银行借款
|
| | | | 9 | | | | | | 11,903,452 | | | | | | — | | |
按公允价值计算的可转换票据
|
| | | | 14 | | | | | | 318,466,215 | | | | | | — | | |
合同负债 - 非流动
|
| | | | 10 | | | | | | 970,486 | | | | | | 534,067 | | |
其他非流动负债
|
| | | | | | | | | | 46,858,492 | | | | | | 18,173,219 | | |
Other liabilities
|
| | | | | | | | | | 309,214 | | | | | | 356,787 | | |
非流动负债合计
|
| | | | | | | | | | 378,507,859 | | | | | | 19,064,073 | | |
Total liabilities
|
| | | | | | | | | | 945,797,474 | | | | | | 147,308,451 | | |
Shareholders’ equity | | | | | | | | | | | | | | | | | | | |
普通股(面值0.01美元,授权500万股,
截至 ,已发行和已发行股票分别为116,691股和101,500股 December 31, 2021 and 2020, respectively) |
| | | | | | | | | | 7,497 | | | | | | 6,513 | | |
新增实收资本
|
| | | | | | | | | | 937,315,273 | | | | | | 644,906,635 | | |
Accumulated losses
|
| | | | | | | | | | (637,528,160) | | | | | | (255,807,141) | | |
累计其他综合收益
|
| | | | | | | | | | 35,743,691 | | | | | | 39,181,361 | | |
公司股东应占权益总额
|
| | | | | | | | | | 335,538,301 | | | | | | 428,287,368 | | |
非控股权益
|
| | | | | | | | | | 3,556,735 | | | | | | 4,764,882 | | |
股东权益合计
|
| | | | | | | | | | 339,095,036 | | | | | | 433,052,250 | | |
承付款和或有事项
|
| | | | 11 | | | | | | | | | | | | | | |
总负债和股东权益
|
| | | | | | | | | | 1,284,892,510 | | | | | | 580,360,701 | | |
| | | | | | | | |
Year ended December 31
|
| |||||||||||||||
| | |
Note
|
| |
2021
|
| |
2020
|
| |
2019
|
| ||||||||||||
| | | | | | | | |
RMB
|
| |
RMB
|
| |
RMB
|
| |||||||||
Revenues | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有和经营门店
|
| | | | | | | | | | 617,226,090 | | | | | | 206,036,187 | | | | | | 48,081,820 | | |
其他收入(包括截至2021年12月31日、2020年12月31日和2019年12月31日止年度与关联方交易的其他收入人民币428,148元,分别为零和零)
|
| | | | | | | | | | 26,145,859 | | | | | | 6,048,384 | | | | | | 9,175,283 | | |
Total revenues
|
| | | | 15 | | | | | | 643,371,949 | | | | | | 212,084,571 | | | | | | 57,257,103 | | |
Costs and expenses, net | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有和经营门店 | | | | | | | | | | | | | | | | | | | | | | | | | |
食品和包装(包括公司自有成本)
并通过与关联方的交易经营门店 of RMB19,521,561, RMB8,864,342 and RMB6,815,762 for the years ended December 31, 2021, 2020 and 2019, respectively) |
| | | | | | | | | | 207,947,581 | | | | | | 74,401,872 | | | | | | 21,598,486 | | |
Rental expenses
|
| | | | | | | | | | 148,152,234 | | | | | | 54,719,146 | | | | | | 18,766,599 | | |
工资和员工福利
|
| | | | | | | | | | 199,329,992 | | | | | | 50,314,270 | | | | | | 20,695,652 | | |
Delivery costs
|
| | | | | | | | | | 38,604,864 | | | | | | 12,232,737 | | | | | | 774,239 | | |
其他运营费用
|
| | | | | | | | | | 161,783,398 | | | | | | 52,063,335 | | | | | | 14,778,589 | | |
公司自有和运营的商店成本和
expenses |
| | | | | | | | | | 755,818,069 | | | | | | 243,731,360 | | | | | | 76,613,565 | | |
Costs of other revenues
|
| | | | | | | | | | 16,731,187 | | | | | | 5,207,632 | | | | | | 7,842,171 | | |
Marketing expenses
|
| | | | | | | | | | 50,316,856 | | | | | | 16,986,023 | | | | | | 8,020,373 | | |
一般和行政费用(包括一般和
与相关客户的交易产生的管理费用 party of nil, RMB160,532 and RMB443,260 for the years ended December 31, 2021, 2020 and 2019, respectively) |
| | | | | | | | | | 174,962,876 | | | | | | 79,366,314 | | | | | | 51,066,593 | | |
特许经营权和特许权使用费(包括特许经营权和
与关联方进行交易所产生的版税费用 RMB15,576,324, RMB5,147,252 and RMB1,209,660 for the years ended December 31, 2021, 2020 and 2019, respectively) |
| | | | | | | | | | 18,800,024 | | | | | | 8,591,902 | | | | | | 4,726,773 | | |
其他运营成本和费用
|
| | | | | | | | | | 2,134,905 | | | | | | 2,712,522 | | | | | | 439,452 | | |
财产和设备处置损失
|
| | | | | | | | | | 1,546,122 | | | | | | — | | | | | | — | | |
长寿资产减值损失
|
| | | | | | | | | | 1,001,880 | | | | | | — | | | | | | — | | |
Other income
|
| | | | 16 | | | | | | 3,475,871 | | | | | | 3,338,788 | | | | | | 195,717 | | |
总成本和费用,净额
|
| | | | | | | | | | 1,017,836,048 | | | | | | 353,256,965 | | | | | | 148,513,210 | | |
Operating loss
|
| | | | | | | | | | (374,464,099) | | | | | | (141,172,394) | | | | | | (91,256,107) | | |
Interest income
|
| | | | | | | | | | 315,550 | | | | | | 511,389 | | | | | | 2,271,637 | | |
Interest expenses
|
| | | | | | | | | | (1,901,653) | | | | | | — | | | | | | — | | |
外币交易(亏损)/收益
|
| | | | | | | | | | (1,301,963) | | | | | | (2,399,162) | | | | | | 1,155,826 | | |
可转换票据公允价值变动,不包括
特定于工具的信用风险 |
| | | | 21 | | | | | | (5,577,001) | | | | | | — | | | | | | — | | |
Loss before income taxes
|
| | | | | | | | | | (382,929,166) | | | | | | (143,060,167) | | | | | | (87,828,644) | | |
Income tax expenses
|
| | | | 18 | | | | | | — | | | | | | — | | | | | | — | | |
Net loss
|
| | | | | | | | | | (382,929,166) | | | | | | (143,060,167) | | | | | | (87,828,644) | | |
减去:非控股权益应占净亏损
|
| | | | | | | | | | (1,208,147) | | | | | | (1,060,660) | | | | | | (174,458) | | |
公司股东应占净亏损
|
| | | | | | | | | | (381,721,019) | | | | | | (141,999,507) | | | | | | (87,654,186) | | |
每股普通股基本及摊薄亏损
|
| | | | 20 | | | | | | (3,340) | | | | | | (1,416) | | | | | | (877) | | |
| | | | | |
Year ended December 31,
|
| |||||||||||||||
| | | | | |
2021
|
| |
2020
|
| |
2019
|
| |||||||||
| | | | | |
RMB
|
| |
RMB
|
| |
RMB
|
| |||||||||
Net loss
|
| | | | | | | (382,929,166) | | | | | | (143,060,167) | | | | | | (87,828,644) | | |
其他综合(亏损)/收入 | | | | | | | | | | | | | | | | | | | | | | |
可转换票据因票据产生的公允价值变动-
特定信用风险,扣除零所得税后的净额 |
| | | | | | | (548,029) | | | | | | — | | | | | | — | | |
扣除零所得税后的外币折算调整
|
| | | | | | | (2,889,641) | | | | | | 2,788,426 | | | | | | 19,068,426 | | |
全面亏损
|
| | | | | | | (386,366,836) | | | | | | (140,271,741) | | | | | | (68,760,218) | | |
减去:可归因于非控股权益的综合损失
|
| | | | | | | (1,208,147) | | | | | | (1,060,660) | | | | | | (174,458) | | |
公司股东应占综合亏损
|
| | | | | | | (385,158,689) | | | | | | (139,211,081) | | | | | | (68,585,760) | | |
| | | | | | | | |
Ordinary shares
|
| |
Additional
paid-in capital |
| |
Subscription
receivables |
| |
Accumulated
losses |
| |
Accumulated
other comprehensive income |
| |
Total equity
attributable to shareholders of the Company |
| |
Non-controlling
interests |
| |
Total
shareholders’ equity |
| ||||||||||||||||||||||||||||||
| | |
Note
|
| |
Number of
shares |
| |
Amount
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |||||||||||||||||||||||||||
Balance at
January 1, 2019 |
| | | | | | | | | | 100,000 | | | | | | 6,412 | | | | | | 636,537,437 | | | | | | (384,726,000) | | | | | | (26,153,448) | | | | | | 17,324,509 | | | | | | 242,988,910 | | | | | | — | | | | | | 242,988,910 | | |
Net loss
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (87,654,186) | | | | | | — | | | | | | (87,654,186) | | | | | | (174,458) | | | | | | (87,828,644) | | |
外币折算调整
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 19,068,426 | | | | | | 19,068,426 | | | | | | — | | | | | | 19,068,426 | | |
子公司非控股股东出资
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,000,000 | | | | | | 6,000,000 | | |
认购应收账款结算
|
| | | | 19 | | | | | | — | | | | | | — | | | | | | — | | | | | | 192,363,000 | | | | | | — | | | | | | — | | | | | | 192,363,000 | | | | | | — | | | | | | 192,363,000 | | |
Balance at
December 31, 2019 |
| | | | | | | | | | 100,000 | | | | | | 6,412 | | | | | | 636,537,437 | | | | | | (192,363,000) | | | | | | (113,807,634) | | | | | | 36,392,935 | | | | | | 366,766,150 | | | | | | 5,825,542 | | | | | | 372,591,692 | | |
Net loss
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (141,999,507) | | | | | | — | | | | | | (141,999,507) | | | | | | (1,060,660) | | | | | | (143,060,167) | | |
外币折算调整
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,788,426 | | | | | | 2,788,426 | | | | | | — | | | | | | 2,788,426 | | |
Issuance of
shares |
| | | | 19 | | | | | | 1,500 | | | | | | 101 | | | | | | 10,089,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,089,101 | | | | | | — | | | | | | 10,089,101 | | |
认购应收账款结算
|
| | | | 19 | | | | | | — | | | | | | — | | | | | | (1,719,802) | | | | | | 192,363,000 | | | | | | — | | | | | | — | | | | | | 190,643,198 | | | | | | — | | | | | | 190,643,198 | | |
Balance at
December 31, 2020 |
| | | | | | | | | | 101,500 | | | | | | 6,513 | | | | | | 644,906,635 | | | | | | — | | | | | | (255,807,141) | | | | | | 39,181,361 | | | | | | 428,287,368 | | | | | | 4,764,882 | | | | | | 433,052,250 | | |
Net loss
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (381,721,019) | | | | | | — | | | | | | (381,721,019) | | | | | | (1,208,147) | | | | | | (382,929,166) | | |
可转换票据因特定工具信用风险而发生的公允价值变动
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (548,029) | | | | | | (548,029) | | | | | | — | | | | | | (548,029) | | |
外币折算调整
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,889,641) | | | | | | (2,889,641) | | | | | | — | | | | | | (2,889,641) | | |
Issuance of
shares |
| | | | 19 | | | | | | 15,191 | | | | | | 984 | | | | | | 292,408,638 | | | | | | — | | | | | | — | | | | | | — | | | | | | 292,409,622 | | | | | | — | | | | | | 292,409,622 | | |
Balance at
December 31, 2021 |
| | | | | | | | | | 116,691 | | | | | | 7,497 | | | | | | 937,315,273 | | | | | | — | | | | | | (637,528,160) | | | | | | 35,743,691 | | | | | | 335,538,301 | | | | | | 3,556,735 | | | | | | 339,095,036 | | |
| | |
Year ended December 31,
|
| |||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |||||||||
经营活动现金流: | | | | | | | | | | | | | | | | | | | |
Net loss
|
| | | | (382,929,166) | | | | | | (143,060,167) | | | | | | (87,828,644) | | |
将净亏损与经营活动中使用的现金净额进行调整:
|
| | | | | | | | | | | | | | | | | | |
折旧及摊销
|
| | | | 74,276,142 | | | | | | 27,838,383 | | | | | | 8,700,124 | | |
财产和设备处置损失
|
| | | | 1,546,122 | | | | | | — | | | | | | — | | |
长寿资产减值损失
|
| | | | 1,001,880 | | | | | | — | | | | | | — | | |
未实现的外币交易(亏损)/收益
|
| | | | 827,068 | | | | | | 2,399,162 | | | | | | (1,155,826) | | |
可转换票据公允价值变动,不包括影响
工具特定信用风险的 |
| | | | 5,577,001 | | | | | | — | | | | | | — | | |
经营性资产和负债变动: | | | | | | | | | | | | | | | | | | | |
Accounts receivable
|
| | | | (1,839,140) | | | | | | (4,804,658) | | | | | | (3,173,494) | | |
Inventories
|
| | | | (31,174,705) | | | | | | (5,570,406) | | | | | | (5,734,292) | | |
预付费用和其他流动资产
|
| | | | (36,203,430) | | | | | | (36,698,790) | | | | | | (17,331,777) | | |
Other non-current assets
|
| | | | (35,499,307) | | | | | | (22,108,155) | | | | | | (8,130,865) | | |
Accounts payable
|
| | | | 45,555,721 | | | | | | 7,709,469 | | | | | | 7,687,301 | | |
应付关联方金额
|
| | | | 4,083,764 | | | | | | 2,883,159 | | | | | | 1,170,773 | | |
Contract liabilities
|
| | | | 11,705,026 | | | | | | (657,361) | | | | | | 4,052,132 | | |
其他流动负债
|
| | | | 69,469,317 | | | | | | 13,565,385 | | | | | | 19,243,508 | | |
其他非流动负债
|
| | | | 28,685,273 | | | | | | 12,877,600 | | | | | | 4,877,165 | | |
Other liabilities
|
| | | | (47,573) | | | | | | (146,454) | | | | | | 503,241 | | |
经营活动中使用的净现金
|
| | | | (244,966,007) | | | | | | (145,772,833) | | | | | | (77,120,654) | | |
投资活动现金流: | | | | | | | | | | | | | | | | | | | |
购置财产、设备和无形资产
assets |
| | | | (335,318,355) | | | | | | (144,747,183) | | | | | | (56,094,906) | | |
处置财产和设备的收益
|
| | | | 41,000 | | | | | | — | | | | | | — | | |
投资活动中使用的净现金
|
| | | | (335,277,355) | | | | | | (144,747,183) | | | | | | (56,094,906) | | |
| | |
Year ended December 31,
|
| |||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |||||||||
融资活动的现金流: | | | | | | | | | | | | | | | | | | | |
可转换票据收益
|
| | | | 312,092,172 | | | | | | — | | | | | | | | |
短期银行借款收益
|
| | | | 194,259,323 | | | | | | — | | | | | | | | |
偿还银行短期借款
|
| | | | (5,300,000) | | | | | | — | | | | | | | | |
长期银行借款收益
|
| | | | 14,999,452 | | | | | | — | | | | | | | | |
子公司非控股股东的出资
|
| | | | — | | | | | | — | | | | | | 6,000,000 | | |
发行普通股所得收益
|
| | | | 291,393,000 | | | | | | 222,844,800 | | | | | | 206,802,000 | | |
普通股发行费用支付
|
| | | | (136,000) | | | | | | (1,719,802) | | | | | | — | | |
支付产品费用
|
| | | | (9,310,208) | | | | | | — | | | | | | — | | |
融资活动提供的现金净额
|
| | | | 797,997,739 | | | | | | 221,124,998 | | | | | | 212,802,000 | | |
外币汇率变动对现金的影响
|
| | | | (1,790,730) | | | | | | (16,173,085) | | | | | | 4,729,108 | | |
现金净增/(减)
|
| | | | 215,963,647 | | | | | | (85,568,103) | | | | | | 84,315,548 | | |
Cash at beginning of year
|
| | | | 174,873,739 | | | | | | 260,441,842 | | | | | | 176,126,294 | | |
Cash at end of year
|
| | | | 390,837,386 | | | | | | 174,873,739 | | | | | | 260,441,842 | | |
现金流量信息补充披露: | | | | | | | | | | | | | | | | | | | |
Interest expenses paid
|
| | | | 1,481,293 | | | | | | — | | | | | | — | | |
补充披露非现金投融资活动:
|
| | | | | | | | | | | | | | | | | | |
购置财产和设备的应付款项
|
| | | | 172,981,034 | | | | | | 67,893,359 | | | | | | 31,104,761 | | |
Accrued offering costs
|
| | | | 9,164,827 | | | | | | — | | | | | | — | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
Cash on hand
|
| | | | 132,127 | | | | | | — | | |
现金余额包括存款: | | | | | | | | | | | | | |
中国内地的金融机构 | | | | | | | | | | | | | |
– Denominated in RMB
|
| | | | 30,060,065 | | | | | | 46,198,989 | | |
– Denominated in USD
|
| | | | 45,514,330 | | | | | | 65,612,421 | | |
中国大陆金融机构持有的现金余额合计
|
| | | | 75,574,395 | | | | | | 111,811,410 | | |
香港特别行政区金融机构(“香港特别行政区”)
|
| | | | | | | | | | | | |
– Denominated in USD
|
| | | | 1,827,905 | | | | | | 54,797,625 | | |
– Denominated in HKD
|
| | | | — | | | | | | 119 | | |
香港特别行政区金融机构持有的现金余额总额
|
| | | | 1,827,905 | | | | | | 54,797,744 | | |
开曼群岛的金融机构 | | | | | | | | | | | | | |
– Denominated in USD
|
| | | | 313,302,959 | | | | | | 8,264,585 | | |
开曼金融机构持有的现金余额总额
|
| | | | 313,302,959 | | | | | | 8,264,585 | | |
金融机构现金余额合计
|
| | | | 390,705,259 | | | | | | 174,873,739 | | |
Total cash balances
|
| | | | 390,837,386 | | | | | | 174,873,739 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
Accounts receivable
|
| | | | 9,817,292 | | | | | | 7,978,152 | | |
减去:坏账准备
|
| | | | — | | | | | | — | | |
Accounts receivable, net
|
| | | | 9,817,292 | | | | | | 7,978,152 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
Food and beverage
|
| | | | 31,858,814 | | | | | | 10,275,190 | | |
电子商务销售商品
|
| | | | 6,927,512 | | | | | | — | | |
Others
|
| | | | 3,693,077 | | | | | | 1,029,508 | | |
| | | | | 42,479,403 | | | | | | 11,304,698 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
Creditable input VAT
|
| | | | 50,212,274 | | | | | | 22,795,390 | | |
Short-term deposits
|
| | | | 4,161,725 | | | | | | 5,480,871 | | |
支付处理商和汇总商的应收账款
|
| | | | 17,701,386 | | | | | | 8,896,459 | | |
预付租金费用
|
| | | | 26,855,976 | | | | | | 11,959,627 | | |
预付保险费
|
| | | | 859,319 | | | | | | 340,479 | | |
预付营销费用
|
| | | | 14,666,752 | | | | | | 2,961,467 | | |
延期发售成本
|
| | | | 18,475,035 | | | | | | — | | |
Others
|
| | | | 9,905,828 | | | | | | 4,302,222 | | |
| | | | | 142,838,295 | | | | | | 56,736,515 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
家具和办公设备
|
| | | | 44,636,186 | | | | | | 19,733,409 | | |
Kitchen equipment
|
| | | | 151,405,306 | | | | | | 60,110,595 | | |
Software
|
| | | | 30,171,796 | | | | | | 16,581,285 | | |
租赁改进
|
| | | | 408,353,529 | | | | | | 163,623,522 | | |
施工中
|
| | | | 15,747,154 | | | | | | 4,742,035 | | |
财产和设备,总值
|
| | | | 650,313,971 | | | | | | 264,790,846 | | |
减去:累计折旧
|
| | | | (96,298,740) | | | | | | (29,038,191) | | |
财产和设备,净额
|
| | | | 554,015,231 | | | | | | 235,752,655 | | |
| | |
Weighted-Average
Amortization Period (years) |
| |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
Thri授权的特许经营权 -
|
| |
20
|
| | | | 63,757,000 | | | | | | 65,249,000 | | |
特许经营权 - 预付特许经营费
|
| |
2 – 12
|
| | | | 28,156,287 | | | | | | 4,097,227 | | |
减去:累计摊销
|
| | | | | | | (14,319,607) | | | | | | (7,443,201) | | |
Intangible assets, net
|
| | | | | | | 77,593,680 | | | | | | 61,903,026 | | |
| Year ending December 31 | | | | | | | |
|
2022
|
| | | | 7,687,799 | | |
|
2023
|
| | | | 7,678,257 | | |
|
2024
|
| | | | 7,580,373 | | |
|
2025
|
| | | | 7,318,148 | | |
|
2026
|
| | | | 6,187,348 | | |
|
Thereafter
|
| | | | 41,141,755 | | |
| | | | | | 77,593,680 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
长期租赁押金
|
| | | | 67,311,223 | | | | | | 31,811,916 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
信贷安排协议项下的短期借款
|
| | | | 188,959,323 | | | | | | — | | |
一年内到期的信贷安排协议项下的长期借款
|
| | | | 3,096,000 | | | | | | — | | |
| | | | | 192,055,323 | | | | | | — | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
信贷安排协议下的借款
|
| | | | 11,903,452 | | | | | | — | | |
| | |
RMB
|
| |||
2022
|
| | | | — | | |
2023
|
| | | | 6,192,000 | | |
2024
|
| | | | 5,711,452 | | |
Thereafter
|
| | | | — | | |
| | | | | 11,903,452 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
与客户忠诚度计划相关的递延收入
|
| | | | 8,312,436 | | | | | | 2,507,749 | | |
与优惠券和礼品卡相关的客户预付款
|
| | | | 5,208,549 | | | | | | 241,699 | | |
与前期特许经营费相关的递延收入
|
| | | | 230,968 | | | | | | 111,256 | | |
与营销服务相关的递延收入
|
| | | | 377,358 | | | | | | — | | |
| | | | | 14,129,311 | | | | | | 2,860,704 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
与前期特许经营费相关的递延收入
|
| | | | 970,486 | | | | | | 534,067 | | |
| | |
Operating lease
commitments |
| |||
2022
|
| | | | 172,200,445 | | |
2023
|
| | | | 175,780,318 | | |
2024
|
| | | | 174,976,803 | | |
2025
|
| | | | 158,662,679 | | |
2026
|
| | | | 115,693,173 | | |
Thereafter
|
| | | | 255,644,148 | | |
| | | | | 1,052,957,566 | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| |
Year ended
December 31, 2019 |
| |||||||||
Minimum
|
| | | | 147,056,229 | | | | | | 57,592,623 | | | | | | 19,054,000 | | |
Contingent
|
| | | | 8,465,509 | | | | | | 1,611,354 | | | | | | 313,048 | | |
新冠肺炎相关租金减免
|
| | | | (192,767) | | | | | | (3,392,458) | | | | | | — | | |
| | | | | 155,328,971 | | | | | | 55,811,519 | | | | | | 19,367,048 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
应计工资和员工相关成本
|
| | | | 47,194,542 | | | | | | 20,837,807 | | |
购置财产和设备的应付款项
|
| | | | 172,981,034 | | | | | | 67,893,359 | | |
VAT payable
|
| | | | — | | | | | | 689,479 | | |
Guarantee deposits
|
| | | | 6,620,000 | | | | | | 2,100,000 | | |
应计营销费用
|
| | | | 10,639,627 | | | | | | 1,550,777 | | |
Sundry taxes payable
|
| | | | 2,329,431 | | | | | | 1,293,752 | | |
应计专业服务费
|
| | | | 8,205,320 | | | | | | 2,158,565 | | |
Accrued offering costs
|
| | | | 9,164,827 | | | | | | — | | |
Other accrual expenses
|
| | | | 28,943,794 | | | | | | 5,784,679 | | |
| | | | | 286,078,575 | | | | | | 102,308,418 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
按公允价值计算的可转换票据
|
| | | | 318,466,215 | | | | | | — | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| |
Year ended
December 31, 2019 |
| |||||||||
公司自营门店餐饮产品销售情况
|
| | | | 617,226,090 | | | | | | 206,036,187 | | | | | | 48,081,820 | | |
Franchise fees
|
| | | | 1,923,149 | | | | | | 794,608 | | | | | | 426,424 | | |
其他特许经营支持活动的收入
|
| | | | 9,469,639 | | | | | | 5,253,776 | | | | | | 8,748,859 | | |
电子商务销售收入
|
| | | | 14,324,923 | | | | | | — | | | | | | — | | |
向Thri提供消费者研究服务
|
| | | | 428,148 | | | | | | — | | | | | | — | | |
Total revenues
|
| | | | 643,371,949 | | | | | | 212,084,571 | | | | | | 57,257,103 | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| |
Year ended
December 31, 2019 |
| |||||||||
Government grants
|
| | | | 3,319,871 | | | | | | 3,329,009 | | | | | | 55,949 | | |
VAT exemption
|
| | | | — | | | | | | — | | | | | | 102,399 | | |
Others
|
| | | | 156,000 | | | | | | 9,779 | | | | | | 37,369 | | |
Total other income
|
| | | | 3,475,871 | | | | | | 3,338,788 | | | | | | 195,717 | | |
| | |
Number
of units |
| |
Weighted
average exercise price |
| |
Weighted
average grant date fair value |
| |
Weighted
average remaining contractual years |
| |
Aggregate
intrinsic value |
| |||||||||||||||
| | | | | | | | |
US$
|
| |
US$
|
| | | | | | | |
US$
|
| |||||||||
Outstanding as of January 1, 2021
|
| | | | 20,317,000 | | | | | | 0.21 | | | | | | 0.12 | | | | | | 8.41 | | | | | | 6,488,010 | | |
Granted
|
| | | | 8,149,643 | | | | | | 0.60 | | | | | | 0.63 | | | | | | | | | | | | | | |
Forfeited
|
| | | | (434,901) | | | | | | 0.27 | | | | | | 0.16 | | | | | | | | | | | | | | |
Outstanding as of December 31, 2021
|
| | | | 28,031,742 | | | | | | 0.32 | | | | | | 0.27 | | | | | | 8.01 | | | | | | 39,155,628 | | |
预计将于2021年12月31日归属
|
| | | | 28,031,742 | | | | | | 0.32 | | | | | | 0.27 | | | | | | 8.01 | | | | | | 39,155,628 | | |
| | |
2021
|
| |
2020
|
| |
2019
|
|
Expected volatility
|
| |
24.74% – 25.00%
|
| |
24.51% – 26.99%
|
| |
20.68% – 20.89%
|
|
无风险利率(年利率)
|
| |
2.47% – 2.53%
|
| |
1.01% – 1.12%
|
| |
1.75% – 2.46%
|
|
Exercise multiple
|
| |
2.50 – 2.80
|
| |
2.50 – 2.80
|
| |
2.80
|
|
预期股息收益率
|
| |
0.00%
|
| |
0.00%
|
| |
0.00%
|
|
Expected term (in years)
|
| |
10
|
| |
6
|
| |
7
|
|
标的单位公允价值(4,500单位=1股普通股)
|
| |
US$0.88 – US$1.49
|
| |
US$0.37 – US$0.53
|
| |
US$0.27
|
|
| | |
Number of units
|
| |
Weighted
Average Grant Date Fair Value |
| ||||||
| | | | | | | | |
US$
|
| |||
Unvested as of January 1, 2021
|
| | | | 6,000,000 | | | | | | 0.28 | | |
Granted
|
| | | | — | | | | | | | | |
Unvested as of December 31, 2021
|
| | | | 6,000,000 | | | | | | 0.28 | | |
| | |
Number
of shares |
| |
Weighted
average exercise price |
| |
Weighted
average remaining contractual years |
| |
Aggregate
intrinsic value |
| ||||||||||||
| | | | | | | | |
US$
|
| | | | | | | |
US$
|
| ||||||
Outstanding as of January 1, 2020
|
| | | | 1,500 | | | | | | 1,000 | | | | | | 0.92 | | | | | | 862,534 | | |
Exercised
|
| | | | (1,500) | | | | | | 1,000 | | | | | | | | | | | | | | |
Outstanding as of December 31, 2021 and 2020
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| |
Year ended
December 31, 2019 |
| |||||||||
Mainland PRC
|
| | | | (371,992,927) | | | | | | (132,554,844) | | | | | | (82,951,557) | | |
香港特别行政区和海外实体
|
| | | | (10,936,239) | | | | | | (10,505,323) | | | | | | (4,877,087) | | |
Total
|
| | | | (382,929,166) | | | | | | (143,060,167) | | | | | | (87,828,644) | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| |
Year ended
December 31, 2019 |
| |||||||||
PRC statutory tax rate
|
| | | | (25.0%) | | | | | | (25.0%) | | | | | | (25.0%) | | |
非中国实体税率差异的影响
|
| | | | 0.7% | | | | | | 1.8% | | | | | | 1.4% | | |
不可抵扣费用的影响
|
| | | | 0.3% | | | | | | 0.8% | | | | | | 1.2% | | |
估值免税额变动
|
| | | | 24.0% | | | | | | 22.4% | | | | | | 22.4% | | |
Actual income tax rate
|
| | | | — | | | | | | — | | | | | | — | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
营业亏损结转
|
| | | | 133,725,956 | | | | | | 36,613,887 | | |
当前合同负债
|
| | | | 2,230,190 | | | | | | 654,751 | | |
非流动合同负债
|
| | | | 242,622 | | | | | | 133,517 | | |
其他流动负债
|
| | | | 12,644,968 | | | | | | 19,694,841 | | |
Property and equipment
|
| | | | 250,470 | | | | | | — | | |
递延税金总额
|
| | | | 149,094,206 | | | | | | 57,096,996 | | |
减去:估值免税额
|
| | | | (149,094,206) | | | | | | (57,096,996) | | |
Net deferred tax assets
|
| | | | — | | | | | | — | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
年初余额
|
| | | | 57,096,996 | | | | | | 25,056,824 | | |
Increases in the year
|
| | | | 91,997,210 | | | | | | 32,040,172 | | |
年终余额
|
| | | | 149,094,206 | | | | | | 57,096,996 | | |
| | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| |
Year ended
December 31, 2019 |
| |||||||||
Numerator: | | | | | | | | | | | | | | | | | | | |
公司股东应占净亏损
|
| | | | (381,721,019) | | | | | | (141,999,507) | | | | | | (87,654,186) | | |
Denominator: | | | | | | | | | | | | | | | | | | | |
普通股加权平均数
|
| | | | 114,279 | | | | | | 100,275 | | | | | | 100,000 | | |
普通股基本及摊薄净亏损(人民币)
|
| | | | (3,340) | | | | | | (1,416) | | | | | | (877) | | |
| | |
As of December 31, 2021
|
| |
Total
Fair Value |
| ||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| ||||||||||||
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Convertible notes
|
| | | | — | | | | | | — | | | | | | 318,466,215 | | | | | | 318,466,215 | | |
| | |
Total Fair Value
|
| |||
| | |
RMB
|
| |||
Balance as of January 1, 2021
|
| | | | — | | |
Additions
|
| | | | 312,092,172 | | |
可转换票据公允价值变动,不包括特定工具信用风险的影响
|
| | | | 5,577,001 | | |
可转换票据公允价值因特定工具信用风险而发生变化
|
| | | | 548,029 | | |
外币折算调整
|
| | | | 249,013 | | |
Balance as of December 31, 2021
|
| | | | 318,466,215 | | |
| | |
2021
|
| |||
Expected volatility
|
| | | | 25.00% | | |
无风险利率(年利率)
|
| | | | 1.10% | | |
预期股息收益率
|
| | | | 0.00% | | |
Bond yield
|
| | | | 11.00% | | |
Coupon rate
|
| | | | 9.00% | | |
标的普通股公允价值
|
| | | 美元 | 6,079.83 | | |
| 笛卡尔资本集团有限责任公司 | | |
最终控制方
|
|
| Pangaea Two, LP | | |
中间控股公司
|
|
| 盘古二次收购控股XXIIA有限公司 | | |
中间控股公司
|
|
| 盘古二次收购控股XXIIB有限公司 | | |
Parent company
|
|
| 蒂姆·霍顿餐饮国际有限公司 | | |
公司股东
|
|
| TDL Group Corp | | |
投资者最终控股公司的子公司
|
|
| | | | | |
Year ended
December 31, 2021 |
| |
Year ended
December 31, 2020 |
| |
Year ended
December 31, 2019 |
| |||||||||
Pangaea Two,LP代表公司偿还付款
|
| |
(i)
|
| | | | — | | | | | | — | | | | | | 517,080 | | |
THRI的持续特许经营费
|
| |
(ii)
|
| | | | 15,576,324 | | | | | | 5,147,252 | | | | | | 1,209,660 | | |
THRI的预付特许经营费
|
| |
(iii)
|
| | | | 24,265,373 | | | | | | 4,097,227 | | | | | | 1,603,020 | | |
从TDL集团购买咖啡豆
|
| | | | | | | 28,168,228 | | | | | | 8,864,342 | | | | | | 6,815,762 | | |
向Thri提供消费者研究服务
|
| | | | | | | 428,148 | | | | | | — | | | | | | — | | |
Thri提供的咨询服务
|
| | | | | | | — | | | | | | 160,532 | | | | | | 443,260 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
TDL Group Corp
|
| | | | 7,210,593 | | | | | | 4,053,932 | | |
蒂姆·霍顿餐饮国际有限公司
|
| | | | 6,863,322 | | | | | | 3,624,554 | | |
应付关联方金额
|
| | | | 14,073,915 | | | | | | 7,678,486 | | |
| | |
As of December 31
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
| | |
RMB
|
| |
RMB
|
| ||||||
ASSETS | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | |
Cash
|
| | | | 313,302,959 | | | | | | 8,264,585 | | |
预付费用和其他流动资产
|
| | | | 18,475,035 | | | | | | 1,372,519 | | |
子公司的应付金额
|
| | | | 844,195,206 | | | | | | 568,501,401 | | |
Total current assets
|
| | | | 1,175,973,200 | | | | | | 578,138,505 | | |
Non-current assets | | | | | | | | | | | | | |
Intangible assets, net
|
| | | | 52,333,871 | | | | | | 56,821,004 | | |
Total non-current assets
|
| | | | 52,333,871 | | | | | | 56,821,004 | | |
Total assets
|
| | | | 1,228,307,071 | | | | | | 634,959,509 | | |
负债和股东权益 | | | | | | | | | | | | | |
流动负债 | | | | | | | | | | | | | |
应付子公司的金额
|
| | | | 564,973,350 | | | | | | 206,408,572 | | |
其他流动负债
|
| | | | 9,329,205 | | | | | | 263,569 | | |
流动负债总额
|
| | | | 574,302,555 | | | | | | 206,672,141 | | |
非流动负债 | | | | | | | | | | | | | |
按公允价值计算的可转换票据
|
| | | | 318,466,215 | | | | | | — | | |
非流动负债合计
|
| | | | 318,466,215 | | | | | | — | | |
Total liabilities
|
| | | | 892,768,770 | | | | | | 206,672,141 | | |
Shareholders’ equity | | | | | | | | | | | | | |
普通股(截至2021年12月31日和2020年12月31日,普通股面值分别为0.01美元,授权股份为500万股,已发行和已发行股票分别为116,691股和101,500股)
|
| | | | 7,497 | | | | | | 6,513 | | |
新增实收资本
|
| | | | 937,315,273 | | | | | | 644,906,635 | | |
认购应收账款
|
| | | | — | | | | | | — | | |
Accumulated losses
|
| | | | (637,528,160) | | | | | | (255,807,141) | | |
累计其他综合收益
|
| | | | 35,743,691 | | | | | | 39,181,361 | | |
股东权益合计
|
| | | | 335,538,301 | | | | | | 428,287,368 | | |
总负债和股东权益
|
| | | | 1,228,307,071 | | | | | | 634,959,509 | | |
| | |
Year ended December 31
|
| |||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |||||||||
一般和行政费用
|
| | | | 1,976,807 | | | | | | 6,862,862 | | | | | | 2,444,602 | | |
特许经营权和版税费用
|
| | | | 3,223,700 | | | | | | 3,447,050 | | | | | | 3,447,200 | | |
Total costs and expenses
|
| | | | 5,200,507 | | | | | | 10,309,912 | | | | | | 5,891,802 | | |
Operating loss
|
| | | | (5,200,507) | | | | | | (10,309,912) | | | | | | (5,891,802) | | |
子公司亏损权益
|
| | | | (370,940,089) | | | | | | (131,640,926) | | | | | | (82,945,076) | | |
Interest income
|
| | | | — | | | | | | 804 | | | | | | 1,182,692 | | |
外币交易损失
|
| | | | (3,422) | | | | | | (49,473) | | | | | | — | | |
可转换票据公允价值变动,不包括
特定于工具的信用风险 |
| | | | (5,577,001) | | | | | | — | | | | | | — | | |
Loss before income taxes
|
| | | | (381,721,019) | | | | | | (141,999,507) | | | | | | (87,654,186) | | |
Income tax expenses
|
| | | | — | | | | | | — | | | | | | — | | |
Net loss
|
| | | | (381,721,019) | | | | | | (141,999,507) | | | | | | (87,654,186) | | |
| | |
Year ended December 31
|
| |||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |||||||||
Net loss
|
| | | | (381,721,019) | | | | | | (141,999,507) | | | | | | (87,654,186) | | |
其他综合(亏损)/收入 | | | | | | | | | | | | | | | | | | | |
票据中可转换票据的公允价值变动-
specific credit risk |
| | | | (548,029) | | | | | | — | | | | | | — | | |
扣除零所得税后的外币折算调整
|
| | | | (2,889,641) | | | | | | 2,788,426 | | | | | | 19,068,426 | | |
全面亏损
|
| | | | (385,158,689) | | | | | | (139,211,081) | | | | | | (68,585,760) | | |
| | |
Year ended December 31
|
| |||||||||||||||
| | |
2021
|
| |
2020
|
| |
2019
|
| |||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |||||||||
经营活动中使用的净现金
|
| | | | (703,479) | | | | | | (8,690,319) | | | | | | (2,605,934) | | |
投资活动中使用的净现金
|
| | | | (294,708,897) | | | | | | (322,209,625) | | | | | | (242,266,500) | | |
融资活动提供的现金净额
|
| | | | 597,662,648 | | | | | | 221,124,998 | | | | | | 206,802,000 | | |
外币汇率变动对现金的影响
|
| | | | 2,788,102 | | | | | | (10,113,157) | | | | | | 3,209,758 | | |
现金净增/(减)
|
| | | | 305,038,374 | | | | | | (119,888,103) | | | | | | (34,860,676) | | |
Cash at beginning of year
|
| | | | 8,264,585 | | | | | | 128,152,688 | | | | | | 163,013,364 | | |
Cash at end of year
|
| | | | 313,302,959 | | | | | | 8,264,585 | | | | | | 128,152,688 | | |
补充披露非现金投融资活动:
|
| | | | | | | | | | | | | | | | | | |
TH国际有限公司子公司支付的应计发行成本
|
| | | | 3,623,684 | | | | | | — | | | | | | — | | |
| | |
Note
|
| |
As of June 30,
2022 |
| |
As of December 31,
2021 |
| |||||||||
| | | | | | | | |
RMB
|
| |
RMB
|
| ||||||
ASSETS | | | | | | | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | | | | | | | |
Cash
|
| | | | | | | | | | 285,134,069 | | | | | | 390,837,386 | | |
Accounts receivable
|
| | | | 2 | | | | | | 7,792,999 | | | | | | 9,817,292 | | |
Inventories
|
| | | | 3 | | | | | | 55,172,549 | | | | | | 42,479,403 | | |
预付费用和其他流动资产
|
| | | | 4 | | | | | | 155,296,724 | | | | | | 142,838,295 | | |
Total current assets
|
| | | | | | | | | | 503,396,341 | | | | | | 585,972,376 | | |
Non-current assets | | | | | | | | | | | | | | | | | | | |
财产和设备,净额
|
| | | | 5 | | | | | | 583,340,518 | | | | | | 554,015,231 | | |
Intangible assets, net
|
| | | | 6 | | | | | | 80,883,046 | | | | | | 77,593,680 | | |
Other non-current assets
|
| | | | 7 | | | | | | 69,778,697 | | | | | | 67,311,223 | | |
Total non-current assets
|
| | | | | | | | | | 734,002,261 | | | | | | 698,920,134 | | |
Total assets
|
| | | | | | | | | | 1,237,398,602 | | | | | | 1,284,892,510 | | |
负债和股东权益 | | | | | | | | | | | | | | | | | | | |
流动负债 | | | | | | | | | | | | | | | | | | | |
短期银行借款
|
| | | | 8 | | | | | | 426,578,071 | | | | | | 192,055,323 | | |
Accounts payable
|
| | | | | | | | | | 52,410,514 | | | | | | 60,952,491 | | |
Contract liabilities
|
| | | | 9 | | | | | | 17,950,836 | | | | | | 14,129,311 | | |
应付关联方金额
|
| | | | 18 | | | | | | 25,611,930 | | | | | | 14,073,915 | | |
其他流动负债
|
| | | | 12 | | | | | | 281,069,056 | | | | | | 286,078,575 | | |
流动负债总额
|
| | | | | | | | | | 803,620,407 | | | | | | 567,289,615 | | |
非流动负债 | | | | | | | | | | | | | | | | | | | |
长期银行借款
|
| | | | 8 | | | | | | 9,743,452 | | | | | | 11,903,452 | | |
按公允价值计算的可转换票据
|
| | | | 13 | | | | | | 355,704,200 | | | | | | 318,466,215 | | |
合同负债 - 非流动
|
| | | | 9 | | | | | | 1,247,450 | | | | | | 970,486 | | |
其他非流动负债
|
| | | | | | | | | | 53,918,757 | | | | | | 46,858,492 | | |
Other liabilities
|
| | | | | | | | | | 285,429 | | | | | | 309,214 | | |
非流动负债合计
|
| | | | | | | | | | 420,899,288 | | | | | | 378,507,859 | | |
Total liabilities
|
| | | | | | | | | | 1,224,519,695 | | | | | | 945,797,474 | | |
Shareholders’ equity | | | | | | | | | | | | | | | | | | | |
Ordinary shares (US$0.01 par value, 5,000,000 shares authorized, 116,855
截至2022年6月30日已发行和流通的股票和116,691股 December 31, 2021, respectively) |
| | | | | | | | | | 7,508 | | | | | | 7,497 | | |
新增实收资本
|
| | | | | | | | | | 947,279,747 | | | | | | 937,315,273 | | |
Accumulated losses
|
| | | | | | | | | | (961,925,166) | | | | | | (637,528,160) | | |
累计其他综合收益
|
| | | | | | | | | | 26,440,358 | | | | | | 35,743,691 | | |
公司股东应占权益总额
|
| | | | | | | | | | 11,802,447 | | | | | | 335,538,301 | | |
非控股权益
|
| | | | | | | | | | 1,076,460 | | | | | | 3,556,735 | | |
股东权益合计
|
| | | | | | | | | | 12,878,907 | | | | | | 339,095,036 | | |
承付款和或有事项
|
| | | | 10 | | | | | | | | | | | | | | |
总负债和股东权益
|
| | | | | | | | | | 1,237,398,602 | | | | | | 1,284,892,510 | | |
| | | | | | | | |
Three months ended June 30,
|
| |
Six months ended June 30,
|
| ||||||||||||||||||
| | |
Note
|
| |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| |||||||||||||||
| | | | | | | | |
RMB
|
| |
RMB
|
| | | | | | | | | | | | | ||||||
Revenues
|
| | | | 14 | | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有并运营
stores |
| | | | | | | | | | 164,533,517 | | | | | | 130,521,641 | | | | | | 375,578,999 | | | | | | 229,869,554 | | |
Other revenues
|
| | | | | | | | | | 14,673,375 | | | | | | 5,295,058 | | | | | | 28,284,857 | | | | | | 7,396,527 | | |
Total revenues
|
| | | | | | | | | | 179,206,892 | | | | | | 135,816,699 | | | | | | 403,863,856 | | | | | | 237,266,081 | | |
Costs and expenses, net | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
公司拥有和经营门店 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
食品和包装(包括成本
公司拥有并运营来自 的商店 关联方交易金额为人民币 4,653,176 and RMB4,427,951 for the three months ended June 30, 2022 and 2021, respectively, and RMB10,534,168 and RMB7,360,272 for the six months ended June 30, 2022 and 2021, respectively) |
| | | | | | | | | | 58,894,729 | | | | | | 44,135,662 | | | | | | 128,465,658 | | | | | | 76,575,145 | | |
Rental expenses
|
| | | | | | | | | | 48,736,898 | | | | | | 31,265,543 | | | | | | 98,014,162 | | | | | | 58,410,380 | | |
工资和员工福利
|
| | | | | | | | | | 64,367,012 | | | | | | 36,185,496 | | | | | | 136,165,843 | | | | | | 67,897,118 | | |
Delivery costs
|
| | | | | | | | | | 13,274,671 | | | | | | 7,821,379 | | | | | | 28,108,849 | | | | | | 13,454,920 | | |
其他运营费用(含服务费)
来自与关联方的交易 RMB1,801,623 and nil for the three months ended June 30, 2022 and 2021, respectively, and RMB1,901,623 and nil for the six months ended June 30, 2022 and 2021, respectively) |
| | | | | | | | | | 54,320,905 | | | | | | 35,582,291 | | | | | | 118,994,258 | | | | | | 57,088,911 | | |
公司自有和运营门店成本和费用
|
| | | | | | | | | | 239,594,215 | | | | | | 154,990,371 | | | | | | 509,748,770 | | | | | | 273,426,474 | | |
Costs of other revenues
|
| | | | | | | | | | 8,212,604 | | | | | | 2,878,041 | | | | | | 16,994,459 | | | | | | 4,641,475 | | |
Marketing expenses
|
| | | | | | | | | | 19,163,087 | | | | | | 7,057,070 | | | | | | 31,864,468 | | | | | | 15,213,101 | | |
一般和行政费用
|
| | | | | | | | | | 63,011,835 | | | | | | 38,338,036 | | | | | | 113,517,875 | | | | | | 67,040,378 | | |
特许经营权和特许权使用费(包括截至2022年和2021年6月30日的三个月的特许经营权和特许权使用费分别为人民币5,617,286元和人民币3,407,914元,截至2022年和2021年6月30日的六个月的特许经营权和特许权使用费分别为人民币12,653,983元和人民币5991,039元)
|
| | | | | | | | | | 6,450,199 | | | | | | 4,932,896 | | | | | | 14,280,433 | | | | | | 8,329,084 | | |
其他运营成本和费用
|
| | | | | | | | | | 2,055,179 | | | | | | 65,915 | | | | | | 4,567,830 | | | | | | 65,915 | | |
财产处置损失和
equipment |
| | | | | | | | | | 1,956,631 | | | | | | 741,140 | | | | | | 7,359,776 | | | | | | 741,140 | | |
长寿资产减值损失
|
| | | | | | | | | | 3,580,123 | | | | | | — | | | | | | 5,472,545 | | | | | | — | | |
Other income
|
| | | | | | | | | | 381,947 | | | | | | 24,135 | | | | | | 595,524 | | | | | | 37,918 | | |
总成本和费用,净额
|
| | | | | | | | | | 343,641,926 | | | | | | 208,979,334 | | | | | | 703,210,632 | | | | | | 369,419,649 | | |
Operating loss
|
| | | | | | | | | | (164,435,034) | | | | | | (73,162,635) | | | | | | (299,346,776) | | | | | | (132,153,568) | | |
| | | | | | | | |
Three months ended June 30,
|
| |
Six months ended June 30,
|
| ||||||||||||||||||
| | |
Note
|
| |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| |||||||||||||||
| | | | | | | | |
RMB
|
| |
RMB
|
| | | | | | | | | | | | | ||||||
Interest income
|
| | | | | | | | | | 147,879 | | | | | | 180,936 | | | | | | 334,343 | | | | | | 265,514 | | |
Interest expenses
|
| | | | | | | | | | (3,397,885) | | | | | | — | | | | | | (6,017,747) | | | | | | — | | |
外币交易
gain/(loss) |
| | | | | | | | | | 464,702 | | | | | | (3,464,513) | | | | | | (768,309) | | | | | | (940,802) | | |
可转换票据公允价值变动,不包括特定工具信用风险的影响
|
| | | | 20 | | | | | | (8,394,889) | | | | | | — | | | | | | (21,078,792) | | | | | | — | | |
Loss before income taxes
|
| | | | | | | | | | (175,615,227) | | | | | | (76,446,212) | | | | | | (326,877,281) | | | | | | (132,828,856) | | |
Income tax expenses
|
| | | | 16 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net loss
|
| | | | | | | | | | (175,615,227) | | | | | | (76,446,212) | | | | | | (326,877,281) | | | | | | (132,828,856) | | |
减去:净(亏损)/非控股权益收入
|
| | | | | | | | | | (1,834,547) | | | | | | 555,097 | | | | | | (2,480,275) | | | | | | (446,675) | | |
股东应占净亏损
the Company |
| | | | | | | | | | (173,780,680) | | | | | | (77,001,309) | | | | | | (324,397,006) | | | | | | (132,382,181) | | |
每股普通股基本及摊薄亏损
|
| | | | 17 | | | | | | (1,489) | | | | | | (688) | | | | | | (2,780) | | | | | | (1,183) | | |
| | | | | |
Three months ended June 30,
|
| |
Six months ended June 30,
|
| ||||||||||||||||||
| | |
Note
|
| |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
| | | | | |
RMB
|
| |
RMB
|
| | | | | | | | | | | | | ||||||
Net loss
|
| | | | | | | (175,615,227) | | | | | | (76,446,212) | | | | | | (326,877,281) | | | | | | (132,828,856) | | |
其他综合收益 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
可转换票据的公允价值变动
由于特定于工具的信用风险, net of nil income taxes |
| | | | | | | 1,566,214 | | | | | | — | | | | | | 1,236,102 | | | | | | — | | |
外币折算调整,扣除零收入
taxes |
| | | | | | | (11,024,589) | | | | | | (2,719,401) | | | | | | (10,539,435) | | | | | | (1,085,003) | | |
全面亏损
|
| | | | | | | (185,073,602) | | | | | | (79,165,613) | | | | | | (336,180,614) | | | | | | (133,913,859) | | |
减去:综合(亏损)/可归因于非控股权益的收入
|
| | | | | | | (1,834,547) | | | | | | 555,097 | | | | | | (2,480,275) | | | | | | (446,675) | | |
公司股东应占综合亏损
|
| | | | | | | (183,239,055) | | | | | | (79,720,710) | | | | | | (333,700,339) | | | | | | (133,467,184) | | |
| | |
Six months ended June 30,
|
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
| | |
RMB
|
| |
RMB
|
| ||||||
经营活动现金流: | | | | | | | | | | | | | |
经营活动中使用的净现金
|
| | | | (154,942,269) | | | | | | (114,727,468) | | |
投资活动现金流: | | | | | | | | | | | | | |
购置物业设备和无形资产
|
| | | | (180,354,474) | | | | | | (121,277,187) | | |
处置财产和设备的收益
|
| | | | — | | | | | | 41,000 | | |
投资活动中使用的净现金
|
| | | | (180,354,474) | | | | | | (121,236,187) | | |
融资活动的现金流: | | | | | | | | | | | | | |
银行借款收益
|
| | | | 403,890,265 | | | | | | — | | |
偿还银行借款
|
| | | | (171,527,517) | | | | | | — | | |
支付产品费用
|
| | | | (5,756,845) | | | | | | (3,923,040) | | |
发行普通股所得收益
|
| | | | — | | | | | | 291,393,000 | | |
融资活动提供的现金净额
|
| | | | 226,605,903 | | | | | | 287,469,960 | | |
外币汇率变动对现金的影响
|
| | | | 2,987,523 | | | | | | (1,377,805) | | |
净(减少)/现金增加
|
| | | | (105,703,317) | | | | | | 50,128,500 | | |
期初现金
|
| | | | 390,837,386 | | | | | | 174,873,739 | | |
Cash at end of the period
|
| | | | 285,134,069 | | | | | | 225,002,239 | | |
补充披露非现金投融资活动: | | | | | | | | | | | | | |
购置财产和设备的应付款项
|
| | | | 94,408,551 | | | | | | 66,434,687 | | |
Accrued offering costs
|
| | | | 34,715,220 | | | | | | — | | |
发行普通股以结清应付红利
|
| | | | 1,057,374 | | | | | | — | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
Cash on hand
|
| | | | 96,371 | | | | | | 132,127 | | |
中国内地的金融机构 | | | | | | | | | | | | | |
– Denominated in RMB
|
| | | | 207,761,778 | | | | | | 30,060,065 | | |
– Denominated in USD
|
| | | | 932,015 | | | | | | 45,514,330 | | |
中国大陆金融机构持有的现金余额合计
|
| | | | 208,693,793 | | | | | | 75,574,395 | | |
香港特别行政区的金融机构
Region (“HK S.A.R.”) |
| | | | | | | | | | | | |
– Denominated in RMB
|
| | | | 31,906,333 | | | | |
|
—
|
| |
– Denominated in USD
|
| | | | 41,498,839 | | | | | | 1,827,905 | | |
香港特别行政区金融机构持有的现金余额合计
|
| | | | 73,405,172 | | | | | | 1,827,905 | | |
开曼群岛的金融机构 | | | | | | | | | | | | | |
– Denominated in USD
|
| | | | 2,938,733 | | | | | | 313,302,959 | | |
开曼金融机构持有的现金余额合计
|
| | | | 2,938,733 | | | | | | 313,302,959 | | |
金融机构现金余额合计
|
| | | | 285,037,698 | | | | | | 390,705,259 | | |
Total cash balances
|
| | | | 285,134,069 | | | | | | 390,837,386 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
Accounts receivable
|
| | | | 7,792,999 | | | | | | 9,817,292 | | |
减去:坏账准备
|
| | | | — | | | | | | — | | |
Accounts receivable, net
|
| | | | 7,792,999 | | | | | | 9,817,292 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
Food and beverage
|
| | | | 43,754,548 | | | | | | 31,858,814 | | |
电子商务销售商品
|
| | | | 7,344,391 | | | | | | 6,927,512 | | |
Others
|
| | | | 4,073,610 | | | | | | 3,693,077 | | |
| | | | | 55,172,549 | | | | | | 42,479,403 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
Creditable input VAT
|
| | | | 50,230,428 | | | | | | 50,212,274 | | |
Short-term deposits
|
| | | | 4,970,313 | | | | | | 4,161,725 | | |
支付处理商和汇总商的应收账款
|
| | | | 9,133,991 | | | | | | 17,701,386 | | |
预付租金费用
|
| | | | 19,722,846 | | | | | | 26,855,976 | | |
预付保险费
|
| | | | — | | | | | | 859,319 | | |
预付营销费用
|
| | | | 12,448,492 | | | | | | 14,666,752 | | |
延期发售成本
|
| | | | 50,026,066 | | | | | | 18,475,035 | | |
Others
|
| | | | 8,764,588 | | | | | | 9,905,828 | | |
| | | | | 155,296,724 | | | | | | 142,838,295 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
家具和办公设备
|
| | | | 49,104,093 | | | | | | 44,636,186 | | |
Kitchen equipment
|
| | | | 162,663,906 | | | | | | 151,405,306 | | |
Software
|
| | | | 35,909,835 | | | | | | 30,171,796 | | |
租赁改进
|
| | | | 463,766,989 | | | | | | 408,353,529 | | |
施工中
|
| | | | 24,601,908 | | | | | | 15,747,154 | | |
财产和设备,总值
|
| | | | 736,046,731 | | | | | | 650,313,971 | | |
减去:累计折旧
|
| | | | (152,706,213) | | | | | | (96,298,740) | | |
财产和设备,净额
|
| | | | 583,340,518 | | | | | | 554,015,231 | | |
| | |
Weighted-
Average Amortization Period (years) |
| |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
Thri授权的特许经营权 -
|
| |
20
|
| | | | 67,114,000 | | | | | | 63,757,000 | | |
特许经营权 - 预付特许经营费
|
| |
2 – 14
|
| | | | 32,709,502 | | | | | | 28,156,287 | | |
减去:累计摊销
|
| | | | | | | (18,940,456) | | | | | | (14,319,607) | | |
Intangible assets, net
|
| | | | | | | 80,883,046 | | | | | | 77,593,680 | | |
|
Six months ending December 31,2022
|
| | | | 5,949,065 | | |
|
Year ending December 31, 2023
|
| | | | 8,521,450 | | |
|
2024
|
| | | | 8,419,550 | | |
|
2025
|
| | | | 8,154,799 | | |
|
2026
|
| | | | 7,030,513 | | |
|
Thereafter
|
| | | | 42,807,669 | | |
| | | | | | 80,883,046 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
长期租赁押金
|
| | | | 69,778,697 | | | | | | 67,311,223 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
信贷安排协议项下的短期借款
|
| | | | 421,700,071 | | | | | | 188,959,323 | | |
一年内到期的信贷安排协议项下的长期借款
|
| | | | 4,878,000 | | | | | | 3,096,000 | | |
| | | | | 426,578,071 | | | | | | 192,055,323 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
信贷安排协议下的借款
|
| | | | 9,743,452 | | | | | | 11,903,452 | | |
| | |
RMB
|
| |||
Six months ending December 31,2022
|
| | | | — | | |
Year ending December 31, 2023
|
| | | | 3,330,000 | | |
2024
|
| | | | 6,179,452 | | |
Thereafter
|
| | | | 234,000 | | |
| | | | | 9,743,452 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
与客户忠诚度计划相关的递延收入
|
| | | | 9,667,359 | | | | | | 8,312,436 | | |
与优惠券和礼品卡相关的客户预付款
|
| | | | 7,976,891 | | | | | | 5,208,549 | | |
与前期特许经营费相关的递延收入
|
| | | | 306,586 | | | | | | 230,968 | | |
与营销服务相关的递延收入
|
| | | | — | | | | | | 377,358 | | |
| | | | | 17,950,836 | | | | | | 14,129,311 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
与前期特许经营费相关的递延收入
|
| | | | 1,247,450 | | | | | | 970,486 | | |
| | |
Operating lease
commitments |
| |||
Six months ending December 31, 2022
|
| | | | 94,994,653 | | |
Year ending December 31, 2023
|
| | | | 191,028,993 | | |
2024
|
| | | | 192,407,833 | | |
2025
|
| | | | 175,930,862 | | |
2026
|
| | | | 134,116,629 | | |
Thereafter
|
| | | | 310,807,678 | | |
| | | | | 1,099,286,648 | | |
| | |
Three months ended June 30,
|
| |
Six months ended June 30,
|
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
Minimum
|
| | | | 49,348,521 | | | | | | 30,932,184 | | | | | | 99,878,310 | | | | | | 58,429,238 | | |
Contingent
|
| | | | 2,460,075 | | | | | | 1,604,110 | | | | | | 5,987,800 | | | | | | 2,713,909 | | |
新冠肺炎相关租金减免
|
| | | | (2,215,414) | | | | | | — | | | | | | (2,215,414) | | | | | | — | | |
| | | | | 49,593,182 | | | | | | 32,536,294 | | | | | | 103,650,696 | | | | | | 61,143,147 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
应计工资和员工相关成本
|
| | | | 53,712,816 | | | | | | 47,194,542 | | |
购置财产和设备的应付款项
|
| | | | 94,408,551 | | | | | | 172,981,034 | | |
Guarantee deposits
|
| | | | 7,540,181 | | | | | | 6,620,000 | | |
应计营销费用
|
| | | | 10,539,000 | | | | | | 10,639,627 | | |
Sundry taxes payable
|
| | | | 3,069,120 | | | | | | 2,329,431 | | |
应计专业服务费
|
| | | | 5,855,761 | | | | | | 8,205,320 | | |
Accrued offering costs
|
| | | | 34,715,220 | | | | | | 9,164,827 | | |
应计租金费用
|
| | | | 23,361,805 | | | | | | 3,210,387 | | |
Other accrual expenses
|
| | | | 47,866,602 | | | | | | 25,733,407 | | |
| | | | | 281,069,056 | | | | | | 286,078,575 | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
按公允价值计算的可转换票据
|
| | | | 355,704,200 | | | | | | 318,466,215 | | |
| | |
Three months ended June 30,
|
| |
Six months ended June 30,
|
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
公司自营门店餐饮产品销售情况
|
| | | | 164,533,517 | | | | | | 130,521,641 | | | | | | 375,578,999 | | | | | | 229,869,554 | | |
Franchise fees
|
| | | | 1,186,258 | | | | | | 597,309 | | | | | | 2,140,668 | | | | | | 917,767 | | |
来自其他特许经营支持的收入
activities |
| | | | 3,015,430 | | | | | | 2,833,721 | | | | | | 6,158,984 | | | | | | 4,530,928 | | |
电子商务销售收入
|
| | | | 10,471,687 | | | | | | 1,864,028 | | | | | | 19,985,205 | | | | | | 1,947,832 | | |
Total revenues
|
| | | | 179,206,892 | | | | | | 135,816,699 | | | | | | 403,863,856 | | | | | | 237,266,081 | | |
| | |
Number of
units |
| |
Weighted
average exercise price |
| |
Weighted
average grant date fair value |
| |
Weighted
average remaining contractual years |
| |
Aggregate
intrinsic value |
| |||||||||||||||
| | | | | | | | |
US$
|
| |
US$
|
| | | | | | | |
US$
|
| |||||||||
Outstanding as of January 1, 2022
|
| | | | 28,031,742 | | | | | | 0.32 | | | | | | 0.27 | | | | | | 8.01 | | | | | | 39,155,628 | | |
Granted
|
| | | | 2,104,256 | | | | | | 1.09 | | | | | | | | | | | | | | | | | | | | |
Forfeited
|
| | | | (331,973) | | | | | | 0.60 | | | | | | | | | | | | | | | | | | | | |
Outstanding as of June 30, 2022
|
| | | | 29,804,025 | | | | | | 0.37 | | | | | | 0.31 | | | | | | 7.26 | | | | | | 44,278,063 | | |
Expected to be vested as of June 30, 2022
|
| | | | 29,804,025 | | | | | | 0.37 | | | | | | 0.31 | | | | | | 7.26 | | | | | | 44,278,063 | | |
| | |
Six months ended
June 30, 2022 |
|
Expected volatility
|
| |
25.00%
|
|
无风险利率(年利率)
|
| |
2.50% – 2.80%
|
|
Exercise multiple
|
| |
2.50 – 2.80
|
|
预期股息收益率
|
| |
0.00%
|
|
Expected term (in years)
|
| |
10
|
|
标的单位公允价值(4,500单位=1股普通股)
|
| |
US$1.86
|
|
| | |
Three months ended June 30,
|
| |
Six months ended June 30,
|
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
Numerator: | | | | | | | | | | | | | | | | | | | | | | | | | |
公司股东应占净亏损
|
| | | | (173,780,680) | | | | | | (77,001,309) | | | | | | (324,397,006) | | | | | | (132,382,181) | | |
Denominator: | | | | | | | | | | | | | | | | | | | | | | | | | |
普通股加权平均数
|
| | | | 116,703 | | | | | | 111,868 | | | | | | 116,697 | | | | | | 111,868 | | |
普通股基本及摊薄净亏损(人民币)
|
| | | | (1,489) | | | | | | (688) | | | | | | (2,780) | | | | | | (1,183) | | |
| 笛卡尔资本集团有限责任公司 | | |
最终控制方
|
|
| Pangaea Two, LP | | |
中间控股公司
|
|
| 盘古二次收购控股XXIIA有限公司 | | |
中间控股公司
|
|
| 盘古二次收购控股XXIIB有限公司 | | |
Parent company
|
|
| 蒂姆·霍顿餐饮国际有限公司 | | |
公司股东
|
|
| TDL Group Corp | | |
投资者最终控股公司的子公司
|
|
| 盘古数据科技(上海)有限公司 | | |
投资者最终控股公司的子公司
|
|
| | |
Three months ended June 30,
|
| |
Six months ended June 30,
|
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
蒂姆·霍顿餐饮国际有限公司继续特许经营费(I)
|
| | | | 5,617,286 | | | | | | 3,407,914 | | | | | | 12,653,983 | | | | | | 5,991,039 | | |
蒂姆·霍顿餐饮国际有限公司的预付特许经营费(II)
|
| | | | 1,880,059 | | | | | | 5,788,067 | | | | | | 4,553,215 | | | | | | 7,835,031 | | |
从TDL集团购买咖啡豆
|
| | | | 2,303,403 | | | | | | 9,985,278 | | | | | | 18,015,982 | | | | | | 13,192,935 | | |
盘古数据技术公司提供的服务
(Shanghai) Co., Ltd |
| | | | 3,282,378 | | | | | | — | | | | | | 3,382,378 | | | | | | — | | |
| | |
June 30, 2022
|
| |
December 31, 2021
|
| ||||||
TDL Group Corp
|
| | | | 12,631,248 | | | | | | 7,210,593 | | |
蒂姆·霍顿餐饮国际有限公司
|
| | | | 11,249,927 | | | | | | 6,863,322 | | |
盘古数据科技(上海)有限公司
|
| | | | 1,730,755 | | | | | | — | | |
应付关联方金额
|
| | | | 25,611,930 | | | | | | 14,073,915 | | |
| | |
Ordinary shares
|
| |
Additional
paid-in capital |
| |
Subscription
receivables |
| |
Accumulated
losses |
| |
Accumulated
other comprehensive income |
| |
Total equity
attributable to shareholders of the Company |
| |
Non-
controlling interests |
| |
Total
shareholders’ equity |
| ||||||||||||||||||||||||||||||
| | |
Number of
shares |
| |
Amount
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| ||||||||||||||||||||||||
Balance at March 31, 2021
|
| | | | 116,513 | | | | | | 7,485 | | | | | | 936,298,663 | | | | | | — | | | | | | (311,188,013) | | | | | | 40,815,759 | | | | | | 665,933,894 | | | | | | 3,763,110 | | | | | | 669,697,004 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (77,001,309) | | | | | | — | | | | | | (77,001,309) | | | | | | 555,097 | | | | | | (76,446,212) | | |
Other comprehensive
income |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,719,401) | | | | | | (2,719,401) | | | | | | — | | | | | | (2,719,401) | | |
Balance at June 30,
2021 |
| | | | 116,513 | | | | | | 7,485 | | | | | | 936,298,663 | | | | | | — | | | | | | (388,189,322) | | | | | | 38,096,358 | | | | | | 586,213,184 | | | | | | 4,318,207 | | | | | | 590,531,391 | | |
Balance at March 31, 2022
|
| | | | 116,691 | | | | | | 7,497 | | | | | | 937,315,273 | | | | | | — | | | | | | (788,144,486) | | | | | | 35,898,733 | | | | | | 185,077,017 | | | | | | 2,911,007 | | | | | | 187,988,024 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (173,780,680) | | | | | | — | | | | | | (173,780,680) | | | | | | (1,834,547) | | | | | | (175,615,227) | | |
可转换票据因特定工具信用风险而发生的公允价值变动
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,566,214 | | | | | | 1,566,214 | | | | | | — | | | | | | 1,566,214 | | |
Other comprehensive
income |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (11,024,589) | | | | | | (11,024,589) | | | | | | — | | | | | | (11,024,589) | | |
Issuance of shares(i)
|
| | | | 164 | | | | | | 11 | | | | | | 9,964,474 | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,964,485 | | | | | | — | | | | | | 9,964,485 | | |
Balance at June 30,
2022 |
| | | | 116,855 | | | | | | 7,508 | | | | | | 947,279,747 | | | | | | — | | | | | | (961,925,166) | | | | | | 26,440,358 | | | | | | 11,802,447 | | | | | | 1,076,460 | | | | | | 12,878,907 | | |
| | |
Ordinary shares
|
| |
Additional
paid-in capital |
| |
Subscription
receivables |
| |
Accumulated
losses |
| |
Accumulated
other comprehensive income |
| |
Total equity
attributable to shareholders of the Company |
| |
Non-
controlling interests |
| |
Total
shareholders’ equity |
| ||||||||||||||||||||||||||||||
| | |
Number of
shares |
| |
Amount
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| ||||||||||||||||||||||||
Balance at January 1, 2021
|
| | | | 101,500 | | | | | | 6,513 | | | | | | 644,906,635 | | | | | | — | | | | | | (255,807,141) | | | | | | 39,181,361 | | | | | | 428,287,368 | | | | | | 4,764,882 | | | | | | 433,052,250 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (132,382,181) | | | | | | — | | | | | | (132,382,181) | | | | | | (446,675) | | | | | | (132,828,856) | | |
Other comprehensive
income |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (1,085,003) | | | | | | (1,085,003) | | | | | | — | | | | | | (1,085,003) | | |
认购应收结算(二)
|
| | | | 15,013 | | | | | | 972 | | | | | | 291,392,028 | | | | | | — | | | | | | — | | | | | | — | | | | | | 291,393,000 | | | | | | — | | | | | | 291,393,000 | | |
Balance at June 30,
2021 |
| | | | 116,513 | | | | | | 7,485 | | | | | | 936,298,663 | | | | | | — | | | | | | (388,189,322) | | | | | | 38,096,358 | | | | | | 586,213,184 | | | | | | 4,318,207 | | | | | | 590,531,391 | | |
Balance at January 1, 2022
|
| | | | 116,691 | | | | | | 7,497 | | | | | | 937,315,273 | | | | | | — | | | | | | (637,528,160) | | | | | | 35,743,691 | | | | | | 335,538,301 | | | | | | 3,556,735 | | | | | | 339,095,036 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (324,397,006) | | | | | | — | | | | | | (324,397,006) | | | | | | (2,480,275) | | | | | | (326,877,281) | | |
可转换票据因特定工具信用风险而发生的公允价值变动
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,236,102 | | | | | | 1,236,102 | | | | | | — | | | | | | 1,236,102 | | |
Other comprehensive
income |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (10,539,435) | | | | | | (10,539,435) | | | | | | — | | | | | | (10,539,435) | | |
Issuance of shares(i)
|
| | | | 164 | | | | | | 11 | | | | | | 9,964,474 | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,964,485 | | | | | | — | | | | | | 9,964,485 | | |
Balance at June 30, 2022
|
| | | | 116,855 | | | | | | 7,508 | | | | | | 947,279,747 | | | | | | — | | | | | | (961,925,166) | | | | | | 26,440,358 | | | | | | 11,802,447 | | | | | | 1,076,460 | | | | | | 12,878,907 | | |
| | |
As of June 30, 2022
|
| |
Total Fair
Value |
| ||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |||||||||||||||
| | |
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| ||||||||||||
Liabilities | | | | | | | | | | | | | | | | | | | | | | | | | |
Convertible notes
|
| | | | — | | | | | | — | | | | | | 355,704,200 | | | | | | 355,704,200 | | |
| | |
Total Fair
Value |
| |||
| | |
RMB
|
| |||
Balance as of January 1, 2022
|
| | | | 318,466,215 | | |
Additions
|
| | | | — | | |
可转换票据公允价值变动,不包括特定工具的影响
credit risk |
| | | | 21,078,792 | | |
可转换票据公允价值因特定工具信用风险而发生变化
|
| | | | (1,236,102) | | |
外币折算调整
|
| | | | 17,395,295 | | |
Balance as of June 30, 2022
|
| | | | 355,704,200 | | |
| | |
June 30, 2022
|
| |||
Expected volatility
|
| | | | 25.00% | | |
无风险利率(年利率)
|
| | | | 3.05% | | |
预期股息收益率
|
| | | | 0.00% | | |
Bond yield
|
| | | | 12.40% | | |
Coupon rate
|
| | | | 9.00% | | |
标的普通股公允价值
|
| | | 美元 | 9,053.1 | | |
Securities/Purchaser
|
| |
Date of Issuance
|
| |
Number of
Securities |
| |
Consideration
|
|
Ordinary Shares | | | | | | | | | | |
明日利华控股有限公司 | | |
October 26, 2020
|
| |
1,000
|
| |
$1,000,000
|
|
临冬城勋爵有限公司 | | |
October 26, 2020
|
| |
500
|
| |
$500,000
|
|
Pangaea Two Acquisition Holdings XXIIB Limited | | |
February 26, 2021
|
| |
15,013
|
| |
$45,000,000
|
|
明日利华控股有限公司
|
| |
August 12, 2021
|
| |
178
|
| |
Nil
|
|
|
June 24, 2022
|
| |
164
|
| |
Nil
|
| ||
THC Hope IB Limited | | |
September 27, 2022
|
| |
7,745
|
| |
Nil
|
|
银冠管理有限责任公司 | | |
September 28, 2022
|
| |
4,312,500
|
| |
Nil
|
|
少林资本合伙人大师基金有限公司 | | |
September 28, 2022
|
| |
2,108,200
|
| |
US$21,082,000
|
|
TH中国合伙人有限公司 | | |
September 28, 2022
|
| |
1,200,000
|
| |
US$10,000,000
|
|
蒂姆·霍顿餐饮国际有限公司 | | |
September 28, 2022
|
| |
1,200,000
|
| |
US$10,000,000
|
|
腾讯控股移动有限公司 | | |
September 28, 2022
|
| |
1,200,000
|
| |
US$10,000,000
|
|
Securities/Purchaser
|
| |
Date of Issuance
|
| |
Number of
Securities |
| |
Consideration
|
|
MAP 214隔离投资组合,LMA SPC的隔离投资组合 | | |
September 28, 2022
|
| |
1,135,900
|
| |
US$11,359,000
|
|
DS Liquid DIV RVA SCM LLC | | |
September 28, 2022
|
| |
1,092,000
|
| |
US$10,920,000
|
|
少林资本合作伙伴SP,PC MAP SPC的独立投资组合 | | |
September 28, 2022
|
| |
663,900
|
| |
US$6,639,000
|
|
索纳信用总基金有限公司 | | |
September 28, 2022
|
| |
500,000
|
| |
US$5,000,000
|
|
银冠投资有限公司 | | |
September 28, 2022
|
| |
500,000
|
| |
US$5,000,000
|
|
SCC Growth VI Holdco D, Ltd. | | |
September 28, 2022
|
| |
300,000
|
| |
US$3,000,000
|
|
东贝尔国际XXVI有限公司 | | |
September 28, 2022
|
| |
150,000
|
| |
US$1,500,000
|
|
cf主体投资有限责任公司 | | |
November 9, 2022
|
| |
826,446
|
| |
Nil
|
|
Warrants | | | | | | | | | | |
银冠管理有限责任公司 | | |
September 28, 2022
|
| |
4,450,000
|
| |
Nil
|
|
TH中国合伙人有限公司 | | |
September 28, 2022
|
| |
400,000
|
| |
Nil
|
|
蒂姆·霍顿餐饮国际有限公司 | | |
September 28, 2022
|
| |
400,000
|
| |
Nil
|
|
腾讯控股移动有限公司 | | |
September 28, 2022
|
| |
400,000
|
| |
Nil
|
|
| | | | | | | | |
引用注册成立
|
| |||||||||
Exhibit No.
|
| |
Description
|
| |
Filed
Herewith |
| |
Form
|
| |
File No.
|
| |
Exhibit
No. |
| |
Filing Date
|
|
2.1 | | |
TH国际有限公司、迈阿密天鹅有限公司和Silver Crest收购公司之间的合并协议和计划,日期为2021年8月13日。
|
| | | | |
F-4
|
| | 333-259743 | | |
2.1
|
| |
September 23, 2021
|
|
2.2 | | |
《协议和合并计划第1号修正案》,日期为2022年1月30日。
|
| | | | |
F-4/A
|
| | 333-259743 | | |
2.2
|
| | March 28, 2022 | |
2.3 | | |
协议和合并计划第2号修正案,日期为2022年3月9日。
|
| | | | |
F-4/A
|
| | 333-259743 | | |
2.3
|
| | March 28, 2022 | |
2.4 | | |
《协议和合并计划第3号修正案》,日期为2022年6月27日。
|
| | | | |
F-4/A
|
| | 333-259743 | | |
2.4
|
| | July 5, 2022 | |
2.5* | | |
《协议和合并计划第4号修正案》,日期为2022年8月30日。
|
| | | | | | | | | | | | | | | |
3.1* | | |
TH国际有限公司第二次修订和重新修订的组织备忘录和章程。
|
| | | | | | | | | | | | | | | |
4.1 | | |
TH国际有限公司普通股证书样本。
|
| | | | |
F-4
|
| | 333-259743 | | |
4.5
|
| |
September 23, 2021
|
|
4.2 | | |
TH国际有限公司授权书样本。
|
| | | | |
F-4
|
| | 333-259743 | | |
4.6
|
| |
September 23, 2021
|
|
4.3* | | | 银冠收购公司、TH国际有限公司和大陆股票转让信托公司之间的转让、假设和修订及重新签署的认股权证协议。 | | | | | | | | | | | | | | | | |
4.4* | | | TH国际有限公司、银冠管理有限责任公司和TH国际有限公司某些股东之间的注册权协议。 | | | | | | | | | | | | | | | | |
| | | | | | | | |
引用注册成立
|
| |||||||||
Exhibit No.
|
| |
Description
|
| |
Filed
Herewith |
| |
Form
|
| |
File No.
|
| |
Exhibit
No. |
| |
Filing Date
|
|
4.5 | | |
TH国际有限公司和威尔明顿储蓄基金协会之间的契约,作为受托人。
|
| | | | |
F-4/A
|
| |
333-259743
|
| |
4.9
|
| | January 28, 2022 | |
5.1* | | |
Kirkland&Ellis LLP对TH国际有限公司认股权证有效性的意见。
|
| | | | | | | | | | | | | | | |
5.2 | | | Maples和Calder(Cayman)LLP对TH国际有限公司将发行的普通股的有效性的意见。 | | |
X
|
| | | | | | | | | | | | |
10.1 | | | TH国际有限公司、银冠收购公司和TH国际有限公司股东签订的锁定和支持协议,日期为2021年8月13日。 | | | | | |
F-4
|
| |
333-259743
|
| |
10.2
|
| |
September 23, 2021
|
|
10.2 | | |
保荐人锁定协议,日期为2021年8月13日,由TH国际有限公司和Silver Crest Management LLC签署。
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F-4
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333-259743
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10.3
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September 23, 2021
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|
10.3 | | | 投票和支持协议,日期为2021年8月13日,由TH国际有限公司、Silver Crest Acquisition Corporation和Silver Crest Management LLC签订。 | | | | | |
F-4
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333-259743
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10.4
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September 23, 2021
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|
10.4 | | |
投票和支持协议第1号修正案,日期为2022年3月9日。
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F-4/A
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333-259743
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10.5
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| | March 28, 2022 | |
10.5+* | | |
修改并重新启用TH国际有限公司的股权激励计划。
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| | | | | | | | | | | | | | | |
10.6 | | |
董事与军官赔付协议格式。
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F-4/A
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333-259743
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10.7
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| | March 28, 2022 | |
10.7 | | | 由蒂姆·霍顿餐饮国际有限公司、TH香港国际有限公司和TH国际有限公司修订并重新签署的于2021年8月13日生效的总体开发协议。 | | | | | |
F-4
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333-259743
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10.7
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September 23, 2021
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引用注册成立
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Exhibit No.
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Description
|
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Filed
Herewith |
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Form
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File No.
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Exhibit
No. |
| |
Filing Date
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|
10.8* | | | 蒂姆·霍顿餐饮国际有限公司、TH香港国际有限公司和TH国际有限公司修订和重新签署的总体开发协议的第1号修正案,日期为2022年9月28日。 | | | | | | | | | | | | | | | | |
10.9 | | | 由蒂姆·霍顿餐饮国际有限公司、TH香港国际有限公司、蒂姆·霍顿(上海)餐饮管理有限公司、蒂姆·霍顿(中国)控股有限公司、蒂姆·霍顿(北京)餐饮服务有限公司和蒂姆咖啡(深圳)有限公司修订和重新签署的公司特许经营协议,日期为2021年8月13日。 | | | | | |
F-4
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333-259743
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10.8
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September 23, 2021
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|
10.10 | | | 蒂姆·霍顿餐饮国际有限公司和TH香港国际有限公司修订和重新签署的公司特许经营协议,日期为2021年8月13日。 | | | | | |
F-4
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333-259743
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10.9
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September 23, 2021
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10.11 | | | 盘古数据科技(上海)有限公司与蒂姆·霍顿(中国)控股有限公司的业务合作协议,日期为2021年12月2日。 | | | | | |
F-4/A
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333-259743
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10.10
|
| | January 28, 2022 | |
10.12 | | | TH国际有限公司、Sona Credit Master Fund Limited和Pangaea Two Acquisition Holdings XXIIA Limited之间的可转换票据购买协议,日期为2021年12月9日。 | | |
X
|
| | | | | | | | | | | | |
| | | | | | | | |
引用注册成立
|
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Exhibit No.
|
| |
Description
|
| |
Filed
Herewith |
| |
Form
|
| |
File No.
|
| |
Exhibit
No. |
| |
Filing Date
|
|
10.13 | | | TH国际有限公司、日出合伙人有限合伙企业和Pangaea Two Acquisition Holdings XXIIA Limited之间的可转换票据购买协议,日期为2021年12月9日。 | | |
X
|
| | | | | | | | | | | | |
10.14 | | |
订阅协议格式。
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| | | | |
F-4/A
|
| |
333-259743
|
| |
10.13
|
| | March 28, 2022 | |
10.15 | | |
普通股购买协议,日期为2022年3月11日。
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| | | | |
F-4/A
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| |
333-259743
|
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10.14
|
| | March 28, 2022 | |
10.16 | | |
普通股购买协议第1号修正案,日期为2022年11月9日。
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| |
X
|
| | | | | | | | | | | | |
10.17 | | |
注册权协议,日期为2022年3月11日。
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| | | | |
F-4/A
|
| |
333-259743
|
| |
10.15
|
| | March 28, 2022 | |
10.18 | | |
股权支持协议,日期为2022年3月8日。
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F-4/A
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| |
333-259743
|
| |
10.16
|
| | March 28, 2022 | |
10.19 | | |
2022年7月28日股权支持协议第1号修正案
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| |
X
|
| | | | | | | | | | | | |
10.20 | | |
承诺和安全协议,日期为2022年5月25日。
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| | | | |
F-4/A
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333-259743
|
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10.17
|
| | June 8, 2022 | |
10.21* | | |
Control Agreement, dated June 13, 2022.
|
| | | | | | | | | | | | | | | |
10.22 | | | TH International Limited、Pangaea Two Acquisition Holdings XXIIB Limited、Pangaea Two Acquisition Holdings XXIIA Limited和Sona Credit Master Fund Limited之间的期权协议,日期为2022年9月28日。 | | |
X
|
| | | | | | | | | | | | |
21.1* | | |
TH国际有限公司子公司名单。
|
| | | | | | | | | | | | | | | |
23.1 | | | TH国际有限公司的独立注册会计师事务所毕马威华振会计师事务所同意。 | | |
X
|
| | | | | | | | | | | | |
23.2* | | |
Kirkland&Ellis LLP同意(见附件5.1)。
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| | | | | | | | | | | | | | | |
23.3 | | |
Maples和Calder(Cayman)LLP同意(见附件5.2)。
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| |
X
|
| | | | | | | | | | | | |
| | | | | | | | |
引用注册成立
|
| |||||||||
Exhibit No.
|
| |
Description
|
| |
Filed
Herewith |
| |
Form
|
| |
File No.
|
| |
Exhibit
No. |
| |
Filing Date
|
|
23.4* | | |
韩坤律师事务所同意。
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| | | | | | | | | | | | | | | |
24.1 | | | 授权书(包括在本注册声明初始提交时的签字页上)。 | | | | | | | | | | | | | | | | |
107* | | |
Filing table.
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| | | | | | | | | | | | | | | |
|
Signature
|
| |
Title
|
| |
Date
|
|
|
*
Peter Yu
|
| | 董事长兼董事 | | |
November 17, 2022
|
|
|
*
Yongchen Lu
|
| |
首席执行官兼董事
(首席执行官) |
| |
November 17, 2022
|
|
|
*
Dong Li
|
| |
首席财务官
(首席财务会计官) |
| |
November 17, 2022
|
|
|
*
Bin He
|
| | 首席消费者官 | | |
November 17, 2022
|
|
|
/s/ Gregory Armstrong
Gregory Armstrong
|
| | Director | | |
November 17, 2022
|
|
|
*
Paul Hong
|
| | Director | | |
November 17, 2022
|
|
|
*
Andrew Wehrley
|
| | Director | | |
November 17, 2022
|
|
|
*
Meizi Zhu
|
| | Director | | |
November 17, 2022
|
|
|
Signature
|
| |
Title
|
| |
Date
|
|
|
*
Eric Haibing Wu
|
| | Director | | |
November 17, 2022
|
|
|
*
拉斐尔·奥多里齐·德·奥利维拉
|
| | Director | | |
November 17, 2022
|
|
|
*
Derek Cheung
|
| | Director | | |
November 17, 2022
|
|
|
*By
/s/ Gregory Armstrong
Gregory Armstrong
Attorney-in-Fact |
| | |