Allen Klee

Fan Gao

Mark Long

Steven Silver

- Cheche Group reported **H1 2025 net revenues** of **RMB1348.7 million** (**US188.3 million**), a **17.7% decrease** year-over-year, primarily due to lower service fee rates for NEV premiums, which now represent **22.5%** of total written premiums.  **[1965473_tx_355287_3]** 
- Despite lower net revenues, **gross profit increased 1.7%** to **RMB65.8 million** (**$9.2 million**), and **adjusted net loss improved 56.9%** to **RMB10.5 million** (**$1.5 million**), reflecting improved business structure and operational efficiency.  **[1965473_tx_355287_3]** 
- The company's NEV insurance business showed strong growth in H1 2025, with policies transacted exceeding **810,000** (up **135%**) and written premiums reaching **RMB2.6 billion** (up **150%**).  **[1965473_tx_355287_1]** **[1965473_tx_355287_3]**  Cheche Group aims to increase its NEV market share in China from the current **10%** to **30-40%** over the next **three to five years**.  **[1965473_tx_355287_4]** 
- Cheche Group is on track to achieve **full year adjusted operating profitability in 2025** and expects its new AI-driven solutions and services to contribute **RMB300 million to RMB500 million** in revenue over the next **three to five years**.  **[1965473_tx_355287_1]** **[1965473_tx_355287_6]**  The company also plans global expansion, with overseas business becoming a key growth engine starting in **2026**.  **[1965473_tx_355287_2]** **[1965473_tx_355287_4]**

Cheche Group (CCG)