Stocks Consumer discretionary THCH
NASDAQ · Consumer discretionaryTH International Ltd (THCH)
TH International Ltd reported revenue of CN¥1.3B in fiscal 2025, down 5.4% from a year earlier. It posted a net loss of CN¥434.5M. In fiscal 2025 capital spending exceeded operating cash flow by CN¥78.3M. At December 31, 2025 it held CN¥121.8M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 30, 2026.
Key facts about TH International Ltd
- Net worth
- TH International Ltd has a market value (market cap) of $40.4M at the latest share price, and shareholders' equity of -CN¥1.2B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was CN¥1.3B (-5.4% year on year), with a net loss of CN¥434.5M.
- Cash flow
- In fiscal 2025 operations used CN¥12.7M of cash.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 30, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What TH International Ltd does
TH International Ltd is registered with the SEC under industry code SIC 5812 (Retail-Eating Places). Its shares trade on NASDAQ under the ticker THCH.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | CN¥1.3B | -CN¥434.5M | -CN¥13.36 | -CN¥78.3M |
| 2024 | CN¥1.4B | -CN¥412.1M | -CN¥12.70 | -CN¥142.5M |
| 2023 | CN¥1.6B | -CN¥876.3M | -CN¥28.41 | -CN¥487.8M |
| 2022 | CN¥1B | -CN¥742.6M | -CN¥28.99 | -CN¥621.9M |
| 2022 | CN¥643.4M | -CN¥381.7M | -CN¥15.69 | -CN¥580.3M |
| 2020 | CN¥212.1M | -CN¥142M | -CN¥6.65 | -CN¥290.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where THCH ranks in Consumer discretionary
Latest SEC filings
What TH International Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 10, 2026
- August 18, 2026
- July 7, 2026
- June 10, 2026
- June 9, 2026
- April 30, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue fell 5.4% to 1.3B CNY versus the prior year; diluted EPS -13.36 CNY versus -12.70 CNY.
- April 15, 2026
- March 27, 2026Form F-3 filing F-3
- December 9, 2025
- December 3, 2025
Insider trades
What the people running TH International Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns THCH
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Cartesian Capital Group, LLC13D, may seek influence with 9 related filers | 63.5% | July 2, 2024 |
Largest institutional holders
Insiders
Questions about THCH
What does TH International Ltd do?
TH International Ltd is a company in the Consumer discretionary sector, listed on NASDAQ as THCH. Its shares trade on NASDAQ under the ticker THCH.
What is TH International Ltd's net worth?
TH International Ltd has a market value (market cap) of $40.4M at the latest share price, and shareholders' equity of -CN¥1.2B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is TH International Ltd profitable?
No. In fiscal 2025 it reported a net loss of CN¥434.5M on revenue of CN¥1.3B.
How much revenue does TH International Ltd make?
In fiscal 2025 TH International Ltd reported revenue of CN¥1.3B. That is 5.4% less than a year earlier.
When did TH International Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 30, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 10, 2026.
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Where the numbers come from
Financial figures are the values TH International Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.