CAOCAO INC (02643) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of RMB 9.456 billion, representing a year-on-year increase of 53.5%. The adjusted net loss was RMB 330 million, down 34% compared to the same period last year. Loss attributable to owners of the company was RMB 495 million, down 35.45% year-on-year. Basic loss per share was RMB 1.09.

As of June 30, 2025, the company operates in 163 cities. For the six months ended June 30, 2025, total GTV reached RMB 11 billion, compared to RMB 7.1 billion for the six months ended June 30, 2024, an increase of 53.6%. Total order volume reached 379.5 million for the six months ended June 30, 2025, compared to 254.8 million for the same period last year, representing a 49.0% increase.

As of June 30, 2025, the company deployed a fleet of over 37,000 customized vehicles across 31 cities for use by affiliated drivers, and also collaborates with local capacity partners to sell customized vehicles to them. For the six months ended June 30, 2025, GTV contributed by customized vehicles was RMB 2.5 billion, compared to RMB 1.9 billion for the six months ended June 30, 2024, an increase of 34.7%. Additionally, vehicle sales grew significantly from 2,826 units in the first half of 2024 to 7,993 units in the first half of 2025.

In seven quarterly surveys conducted from the fourth quarter of 2023 to the second quarter of 2025, covering thousands of ride-sharing users nationwide, CAOCAO INC was rated as having the "best service reputation" among leading ride-sharing platforms in China, ranking first in user recognition, fully demonstrating the company's relentless pursuit of excellence. The surveys were commissioned by the company and conducted by third parties, with the third parties independently managing data collection and analysis.