CAOCAO INC (02643.HK) saw its stock price surge 5.23% in pre-market trading on Wednesday, following the release of impressive interim results for the first half of 2025. The ride-hailing giant reported substantial growth across key metrics, signaling strong momentum in its business operations.

The company's financial highlights include a 53.5% year-on-year increase in revenue, reaching RMB 9.456 billion. CAOCAO INC also demonstrated improved profitability, with its adjusted net loss narrowing by 34% compared to the same period last year. The total Gross Transaction Value (GTV) climbed 53.6% to RMB 11 billion, while order volume soared by 49.0% to 379.5 million rides.

Investors were particularly encouraged by CAOCAO INC's expansion strategy and market positioning. The company has extended its operations to 163 cities and significantly increased its fleet of customized vehicles to over 37,000 across 31 cities. Moreover, vehicle sales to capacity partners saw remarkable growth, jumping from 2,826 units in the first half of 2024 to 7,993 units in the same period of 2025. Adding to the positive sentiment, CAOCAO INC was rated as having the "best service reputation" among leading ride-sharing platforms in China, highlighting its strong brand value and customer satisfaction.