Cheche Group (NASDAQ:CCG) reported its unaudited financial results for the second half and full year ended December 31, 2025, on Thursday, April 2, 2026.
The results underscore a successful structural transition for China’s leading auto insurance technology platform, as the company prioritized high-margin New Energy Vehicle (NEV) partnerships over lower-yield traditional segments.
For the full year 2025, Cheche Group generated net revenues of RMB3,009.8 million.
While the total revenue reflected a shift in business mix toward NEV premiums—which typically carry lower service fee rates but higher retention and margin potential—the company’s gross profit rose 1% to RMB160.4 million.
This margin expansion was largely driven by the rapid scaling of the company’s embedded insurance model.
The company achieved a significant milestone in the electric vehicle space, with embedded NEV policies reaching 2 million for the year, representing RMB6.3 billion in written premiums.
The NEV premium mix rose to 23.4% of the total full-year volume, up from 13.6% in 2024.
This growth was supported by 16 active partnerships with major NEV manufacturers, allowing Cheche to integrate its insurance solutions directly into automaker applications.
On the bottom line, Cheche Group demonstrated significantly improved operational efficiency.
The company reported an operating loss of RMB20.9 million for 2025, a 68.6% improvement compared to the prior year.
On an adjusted basis, the company achieved profitability, posting adjusted operating income of RMB5.6 million and adjusted net income of RMB11.6 million, successfully meeting its guidance for shifting into positive territory.