The company’s gross margin has consistently been below the industry average, dropping to 23% in 2024 and then recovering to 24.7% in the first three quarters of 2025—still far below the 28%–32% level of leading players. Raw material costs accounted for as much as 87.5%, and rapid expense growth further squeezed profit margins. Overall, the company’s scale advantage stands out, but its earnings are not sufficiently stable. Growth remains primarily driven by store count, and operating efficiency urgently needs improvement.
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（三）对报案人、控告人、举报人、证人打击报复的；
▲生成提示词：一张关于中国传统功夫茶道设计精美的垂直信息图。中国传统水墨画背景。顶部有巨大的、优雅的中文书法标题，明确写着「功夫茶」。向下有三个图文并茂的步骤：步骤 1 展示用沸水温杯，配有中文「温杯」；步骤 2 展示将茶叶放入盖碗，配有中文「投茶」；步骤 3 展示倒出茶汤，配有中文「出汤」。优雅、极简、温暖的大地色调，平衡的布局。
主持中央政治局集体学习时，指出“科技突破的程度，很大程度上决定未来产业发展的速度、广度、深度”；