Luckin Coffee announced its first quarter performance as of the end of March on April 30th. The net revenue in the first quarter was 6.28 billion yuan, a year-on-year increase of 41.5%; The net loss in the first quarter was 83.2 million yuan, with a year-on-year income of 564.8 million yuan. In the first quarter, there were a net opening of 2342 new stores, a month on month increase of 14.4%, with a total of 18590 stores, including 12199 self operated stores.