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.
当代青年的成长之路，常被层层期待裹挟。求学时要优秀、要拔尖，步入社会要自律、要体面。“不负众望”的标尺，始终悬在头顶。个体在社会化过程中逐渐将其内化为自我期待，一旦自身状态与期待不符，就容易产生愧疚感与自我否定。
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