It is reported today that Ruixing coffee is considering listing in Hong Kong. Ruixing coffee did not comment. In April this year, Ruixing coffee announced its audited financial report for 2021 submitted to the securities and Exchange Commission of the United States. According to the data, the total net income of Ruixing coffee in fiscal year 2021 was RMB 7.965.3 billion (US $1249.9 million), an increase of 97.5% over RMB 4.033.4 billion in fiscal year 2020; The operating loss under non GAAP was RMB 236.3 million (US $37.1 million), compared with RMB 2493.8 million in fy2020.
On the whole, Ruixing's financial situation is improving.
In the same month, Ruixing coffee also announced that the company had successfully completed the debt restructuring. With the support of creditors, the company officially ended the bankruptcy protection procedure as a debtor. Guo Jinyi, chairman and CEO of Ruixing coffee, said at that time that Ruixing coffee had solved the problems left over by history and returned to the normal state of the company.