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🇺🇸 SECLuckin Coffee Inc.Qwen · 实盘不做把握 8/10不做原因:无法执行
北京时间·🕒 发布 18:00:57·⟳ 抓取 18:07:26 +6m29s·⚡ 决策 09-01 18:10:59 +3m33s·56.2 天前

瑞幸咖啡宣布将回购计划额度从3亿美元上调至5亿美元

瑞幸咖啡2020年从纳斯达克退市后仅在OTC粉红单交易(LKNCY),无港股、无主板上市、无杠杆/反向产品。系统无法获取实时报价,OTC流动性极低且无法设定可靠的入场/止损价位。此外,该回购计划4月已公布且已执行95.7%,加码属预期内的延续动作而非新催化。综合不可执行性和增量信息有限,判定不做。

📄 原文Luckin Coffee Inc.↗ 原文
----- tm2624347d1_6k.htm ----- 6-K 1 tm2624347d1_6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washi…
不做 瑞幸咖啡(LKNCY.US)
唯一可交易标的LKNCY仅在OTC粉红单挂牌,系统无法获取实时报价,流动性极低无法可靠执行入场/止损;且回购加码是已执行95.7%的既有计划的延续,增量催化有限。结构性不可执行。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

结论摘要

瑞幸咖啡于2026年9月1日通过6-K公告将回购额度从3亿美元上调至5亿美元。原计划4月启动后已耗资2.872亿美元(完成度95.7%),加码属积极回购节奏的自然延续。方向正面(管理层信心+每股价值支撑),但唯一可交易标的LKNCY仅在OTC粉红单挂牌,系统无报价、无流动性保障、无止损可执行性,且无任何替代上市或衍生工具。历史上我们从未在该标的上开仓(0次ENTER)。结论:事件方向正面但结构性不可执行。

🔎 新鲜度:最早出现 2026-09-01 · 扩散 low · price-in 风险 low ↗

反向证据

  • 做多前查反向 · 来源 kb_search · 日期 2026-08-06 · 影响 none
    内部研报确认LKNCY仅在OTC交易(LKNCY.OO),无港股或其他主板上市;2026年5月研报提及首次回购时股价约$33.75
    检索:瑞幸咖啡 回购 LKNCY 上市 港股

先例如何影响了这次决策

对本次决策的影响:因标的结构性不可执行(OTC粉红单、无报价),先例研究不改变结论,未进行先例搜索

工具执行结果 · 成功 4 · 降级 2 · 失败 0 · 取消 0
  1. search_processed_events 成功 stock_tools HTTP · 9,894 ms
    {"result": "search_processed_events:agent query=`lkncy buyback program increase | luckin coffee share repurchase upsize | 瑞幸咖啡回购加码 5亿美元`;结构化索引覆盖完整 72 小时;旧记录兼容扫描近 72.0/72 小时、1918 条本臂决策(完整),返回 0 条候选。未命中只表示这些 agent query 表达式没有召回候选,不能据此证明消息首发或不是重复;按当前事件继续正常研判。"}
  2. fetch_decision_experience 成功 stock_tools HTTP · 2,705 ms
    {
  3. stock_quote 降级 stock_tools HTTP · 2,391 ms
    取价失败: Futu returned no quote
  4. direct_instrument_candidates 成功 stock_tools HTTP · 1,746 ms
    {
  5. search_case_library 成功 stock_tools HTTP · 2,184 ms
    {"result": "search_case_library「LKNCY.US」—— 与这些标的相关的自家决策案例(本页 12 条,该标的全历史相关记录共 14 条;ENTER 只按该标的自己的腿统计):\n◆ LKNCY.US:相关历史决策 14 条 · 其中该标的 ENTER 0 条(0.0%) · 我们从没在这只票上 ENTER 过\n【对所查标的真 ENTER 过的:0 条 —— 相关案例里没有该标的自己的 ENTER 腿】\n【最近 12 条其它决策(多为「不做」,用来看这票最近在被什么消息刷屏)】\n• 2026-08-04 UTC 不做 — 外卖补贴退坡放大业绩压力 瑞幸二季度
  6. kb_search 降级 stock_tools HTTP · 11,672 ms
    {

原文全文

展开原文 · 7,459 字
----- tm2624347d1_6k.htm -----
6-K
1
tm2624347d1_6k.htm
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number 001-38896
Luckin Coffee Inc.
(Exact Name of Registrant as Specified in Its Charter)
28th Floor, Building T3, Haixi Jingu Plaza
1-3 Taibei Road
Siming District, Xiamen City, Fujian
People’s Republic of China, 361008
+86-592-3386666
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Luckin Coffee Inc.
Date:
September 1, 2026
By:
/s/ Jing An
Name:
Jing An
Title:
Chief Financial Officer
2
EXHIBIT INDEX
Exhibit No.
Description
99.1
Press Release Titled “Luckin Coffee Announces Upsizing of Share Repurchase Program.”
3

----- tm2624347d1_ex99-1.htm -----
EX-99.1
2
tm2624347d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Luckin Coffee Announces Upsizing of Share
Repurchase Program
BEIJING,
September 1, 2026 (GLOBE
NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced that
its board of directors has approved the upsizing of the Company’s share repurchase program (the “Share Repurchase Program”).
As previously disclosed, in April 2026, the Company launched the Share Repurchase Program, pursuant to which the Company was authorized
to repurchase up to US$300 million of its Class A ordinary shares in the form of American depositary shares (“ADSs”) over
a 12-month period from April 30, 2026 (the “Term of the Share Repurchase Period”). As of August 31, 2026, the Company had
repurchased a total of 71.6 million Class A ordinary shares (equivalent to 8.9 million ADSs) for a total consideration of US$287.2 million
under the Share Repurchase Program.
The Company’s board
of directors has approved an adjustment to the Share Repurchase Program, pursuant to which the aggregate value of shares that the Company
is authorized to repurchase under the Share Repurchase Program is increased by US$200 million, from US$300 million to US$500 million.
The additional US$200 million repurchase authorization will be effective through the Term of the Share Repurchase Period.
The Company’s share
repurchases, if any, under the Share Repurchase Program may be made from time to time on the open market at prevailing market prices,
in open-market transactions, privately negotiated transactions or block trades, and/or through other legally permissible means, depending
on market conditions and in accordance with the applicable rules and regulations. The timing and conditions of the share repurchases
will be subject to various factors including the requirements under Rule 10b-18 and Rule 10b5-1 of the Exchange Act. The Company’s
board of directors will review the Share Repurchase Program periodically and may authorize adjustments to its terms and size or suspend
or discontinue the program.
The Share Repurchase Program
is dependent upon market and economic conditions, and other factors including price, legal and regulatory requirements and capital availability.
The Share Repurchase Program does not obligate Luckin Coffee to acquire any particular number of American depositary shares,
and the Share Repurchase Program may be modified or suspended at any time at the management's discretion.
SAFE HARBOR STATEMENTS
This
press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates,” “potential,”
“continue,” “ongoing,” “targets,” “guidance” and similar statements. Luckin Coffee may
also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the
“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Luckin
Coffee’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties.
A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but
not limited to the following: the expense, timing and outcome of existing or future legal and governmental proceedings or investigations
in connection with Luckin Coffee; the outcome and effect of the restructuring of Luckin Coffee’s financial obligations; Luckin
Coffee’s growth strategies; its future business development, results of operations and financial condition; the effect of the non-reliance
identified in, and the resultant restatement of, certain of Luckin Coffee’s previously issued financial results; the effectiveness
of its internal control; its ability to retain and attract its customers; its ability to maintain and enhance the recognition and reputation
of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships
with its suppliers and business partners; trends and competition in the coffee industry or the food and beverage sector in general; changes
in its revenues and certain cost or expense items; the expected growth of China’s coffee industry or China’s food and beverage
sector in general; governmental policies and regulations relating to Luckin Coffee’s industry; and general economic and business
conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding
these and other risks, uncertainties or factors is included in Luckin Coffee’s filings with the SEC. All information provided
in this press release and in the attachments is as of the date of this press release, and Luckin Coffee undertakes no obligation
to update any forward-looking statement, except as required under applicable law.
About Luckin Coffee Inc.
Luckin Coffee (OTC: LKNCY)
has pioneered a technology-driven retail network to provide coffee and other products of high quality, high convenience and high affordability
to customers. Empowered by proprietary technologies, Luckin Coffee pursues its vision to build a world-class coffee brand and become
a part of everyone’s daily life. Luckin Coffee was founded in 2017 and is based in China. For more information, please visit
investor.lkcoffee.com
.
Investor and Media Contacts
Investor
Relations:
Luckin Coffee IR
Email:
ir@lkcoffee.com
Bill Zima
ICR
Phone: 646 880 9039
Media
Relations:
Luckin Coffee PR
Email:
pr@lkcoffee.com

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