Q4 2025 Cheche Group Inc Earnings Call Transcript
Key Points
- Cheche Group Inc (CCG) achieved adjusted net profitability for the first time on a full-year basis in 2025.
- The company reduced operating losses significantly and achieved a positive net income in the second half of 2025.
- Gross profit increased despite a decrease in net revenues, indicating improved business structure and cost management.
- Cheche Group Inc (CCG) expanded its partnerships with 16 AEV manufacturers, enhancing its market presence.
- The company is actively deploying AI-powered tools to improve pricing, risk management, and fraud detection, which are expected to drive future growth.
- Net revenues for the second half of 2025 decreased by 9.4% year-over-year due to a higher proportion of EV premiums, which carry lower service fee rates.
- Total net revenues for the full year 2025 decreased by 13.3% year-over-year, driven by the same EV mix dynamics.
- The shift towards NEV premiums initially creates a revenue headwind due to lower service fees compared to traditional auto insurance.
- Despite achieving profitability, the company still reported a net loss for the full year 2025, although it was an improvement from the prior year.
- The company faces ongoing challenges in managing the structural transition in its revenue mix, which impacts overall revenue growth.
Good day and welcome to the Cheche Group second-half and full-year 2025 earnings conference call. (Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Cracker Colson, Investor Relations. Please go ahead.
Thank you, Betsy. Hello, everyone. Thank you for joining us to review Cheche's second-half and full-year 2025 results. This morning, Cheche posted both the earnings release and a related updated investor presentation to our website, which you can find at ir.chechegroup.com. I'm very pleased to say that with us on the call today, we have Lei Zhang, Cheche's Founder and CEO; and also Sandra Ji, Cheche's CFO. After the prepared remarks are concluded, we're going to open up the call for your questions, and they'll be happy to address them.
But before we begin, I'd like to remind you that some statements in this teleconference will be forward-looking within the meaning of the federal securities laws. Although we believe these
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