Pricey Ingredients, Expansion Cost Chinese Tea Chain Nayuki Its Profitability

What’s new: Chinese tea chain Nayuki Holdings Ltd. returned to a loss in 2021 despite strong growth in revenue, as it embarked on a rapid store expansion and spent more on raw materials and staff.

Shenzhen-based Nayuki, which sells fresh-fruit teas, cold-brew beverages and baked goods, reported an adjusted net loss of 145.3 million yuan ($22.8 million) in 2021, compared with an adjusted net profit of 16.6 million yuan in 2020, according to its financial report released on Tuesday.