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茶在中國已傳承千年，人們對茶的喜愛(ài)也從未停止。近年來(lái)，一些商家將水果、鮮奶、芝士和茶混合在一起，創(chuàng )造了一種新的喝茶方式，這種方式也被越來(lái)越多的消費者所接受。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 口味定制新式茶飲受消費者熱捧</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 來(lái)自深圳的鄧小姐是一名 90 后，新式茶飲已經(jīng)成為了她生活的一部分。她告訴記者，與傳統的茶飲不同，新式茶飲可以根據顧客口味進(jìn)行定制，調節甜度、含冰量以及溫度等，因此受到很多消費者的歡迎。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 《2020 年新式茶飲白皮書(shū)》用戶(hù)調研數據顯示，90 后與 00 后消費者成為新式茶飲主流消費人群，占整體消費者數量近七成；90 后與 00 后每月在茶飲上的支出在 400 元以上的占比達到 27%，200-400 元的占比 31%。從年齡層來(lái)看，00 后偏愛(ài)在用餐的同時(shí)飲用茶飲；而茶飲則是 90 后約會(huì )和聚會(huì )的標配；80 前和 80 后則偏愛(ài)在辦公室下午茶以及和家人在店內享受茶飲。疫情之后，新式茶飲和火鍋成為恢復最快的兩個(gè)餐飲品類(lèi)。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 喜茶高級副總裁張海龍：除了去年 2 月份比較困難以外，3 月份我們的經(jīng)營(yíng)狀況就得到了反彈，新茶飲成為最受消費者歡迎的一個(gè)品類(lèi)。它的消費人群的受眾面非常廣，還有更多的市場(chǎng)可以去拓展。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 根據開(kāi)源證券研究所的數據，近年來(lái)我國新式茶飲門(mén)店數量和新式茶飲消費者數量大幅上升。其中高端新式茶飲店增速較快，市場(chǎng)規模自 2015 年的 8 億元增至 2020 年的 129 億元，復合年增長(cháng)率達 75.8％。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 新式茶飲成資本市場(chǎng)寵兒</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 有這么多受眾的新式茶飲，自然也成為了資本市場(chǎng)關(guān)注的焦點(diǎn)。2 月 11 日，奈雪的茶在除夕提交了港股 IPO，也成為了首個(gè)提交 IPO 的新式茶飲企業(yè)。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 隨著(zhù)招股書(shū)的披露，新式茶飲龍頭企業(yè)奈雪的茶的業(yè)績(jì)情況也公布于眾。與想象中的高額盈利截然不同，過(guò)去三年，奈雪的茶連續虧損，單店銷(xiāo)售額和訂單量也處于下滑態(tài)勢，營(yíng)收增長(cháng)速度放緩，還存在十多億元的流動(dòng)負債凈額。2020 年前 9 個(gè)月經(jīng)調整利潤為 448.4 萬(wàn)元，較上年同期下降 73%。這與已經(jīng)完成五輪融資，估值接近 20 億美元的體量來(lái)比，實(shí)在讓人大跌眼鏡。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 根據招股說(shuō)明書(shū)，奈雪的茶產(chǎn)品平均售價(jià)為 27 元，其中材料成本為 10.37 元，占到 38.4%，人工成本為 7.72 元，占到 28.6%，租金等成本為 4.13 元，占到 15.3%。這樣算下來(lái)，一杯茶的利潤只剩下 4.78 元，利潤十分微薄。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 而這樣的一個(gè)成本在新式茶飲行業(yè)中，其實(shí)是一個(gè)共性存在的情況。此外，新式茶飲行業(yè)激烈競爭，各家企業(yè)都在努力搶占市場(chǎng)，希望借助資本市場(chǎng)在短時(shí)間內鋪店，這也是奈雪的茶此次選擇上市的一個(gè)重要原因。而另一家頭部企業(yè)喜茶則表示，年內沒(méi)有登陸資本市場(chǎng)的打算。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 盡管對資本市場(chǎng)的選擇不盡相同，但是要走國際化路線(xiàn)，卻是這個(gè)行業(yè)當前的一個(gè)共同的努力方向。2018 年，喜茶就在新加坡開(kāi)出了首家海外門(mén)店，2020 年，奈雪也出海日本。未來(lái)，新式茶飲的競爭將日趨全球化。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> <br /> 新式茶飲行業(yè)未來(lái)將保持高速發(fā)展</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 新式茶飲是一個(gè)過(guò)去 10 多年剛剛興起的行業(yè)，但是卻已經(jīng)開(kāi)始期待國際巨頭的誕生。很多從業(yè)者選擇了這個(gè)行業(yè)，也已經(jīng)和行業(yè)一樣，獲得了不小的成長(cháng)。未來(lái)，隨著(zhù)政策、行業(yè)的不斷規范，相信中國的新式茶飲還將繼續蓬勃發(fā)展。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 今年是鐘曉云加入新式茶飲行業(yè)的第 7 年，7 年前，她從江門(mén)的一家小門(mén)店服務(wù)員做起，現在已經(jīng)成為了管著(zhù)幾十家門(mén)店的管理人員。曉云在職業(yè)上能得到如此大的進(jìn)步，與行業(yè)的高速增長(cháng)密不可分。</span><br style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal;" /> <span style="color: rgb(102, 102, 102); font-family: 宋體; white-space: normal; font-size: 12px;"> 根據開(kāi)源證券研究所的數據，高端新式茶飲店增速較快，市場(chǎng)規模自 2015 年的 8 億元增至 2020 年的 129 億元，占比自 3.5％增至 19.4％，2015 年至 2020 年復合年增長(cháng)率達 75.8％。這樣的高速發(fā)展，也給行業(yè)帶來(lái)了很高的話(huà)語(yǔ)權。在采訪(fǎng)中，記者了解到，以租金為例，像奈雪、喜茶這樣的行業(yè)龍頭，已經(jīng)可以拿到和國際餐飲巨頭同樣競爭力的租金了。</span><br 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