Full Year 2025 TUHU Car Inc Earnings Call Transcript
Key Points
- Tuhu Car Inc (HKSE:09690) achieved a significant milestone by surpassing 8,000 auto service stores globally, ranking first in terms of the number of automotive service stores managed.
- The company reported a year-on-year revenue increase of 11.5%, reaching RMB16.46 billion, continuing its double-digit growth momentum.
- Tuhu Car Inc expanded its store network significantly, with a net increase of 1,134 stores in 2025, enhancing its presence in second-tier and below cities.
- The company's omni-channel annual transacting users increased by 17.7% year-on-year, reaching 28.4 million, demonstrating strong user engagement.
- Tuhu Car Inc maintained a high profitability rate, with 90% of its auto service stores open for more than six months achieving profitability.
- The overall gross profit margin for Tuhu Car Inc decreased by approximately 1.3% points compared to the previous year, due to price reductions in major categories.
- The company faced downward pressure on average transaction value, particularly in the tire and maintenance segments, affecting profitability.
- Despite revenue growth, the non-IFRS net profit margin remained essentially flat due to high base effects and intensified ATV pressure in the second half of the year.
- R&D expenses increased slightly by 10 basis points due to investments in AI technology and infrastructure, impacting overall expense management.
- The company experienced a decline in the number of vehicles served per independent store, highlighting challenges faced by traditional industry participants.
Ladies and gentlemen, welcome to the 2025 annual result conference for investors and analysts of Tuhu. This conference will consist of two sessions, management remarks and a Q&A session. (Operator Instructions)
I will now hand over to Mr. Chen Zhe, company secretary and director of Investor relations at Thu. Ms. Chen, the floor is yours.
Thank you, dear investors, analysts, and friends from the capital markets. Good evening. Thank you for joining 2025 annual results conference for investors and analysts to Of Tuhu, I'm Chen Zhe, the company secretary and head of investor relations. The conference is being conducted via remote conference call. Let me introduce the management team joining us today.
Mr. Chen Min, Chairman of the board and Chief Executive Officer of Thu, and Mr. Zhang Zhisong, Chief Financial Officer of Thu. Before we officially start, please carefully read the disclaimer on the.
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