Cheche Group (CCG) investor relations material

Executive summary

• Achieved first full-year adjusted profitability in 2025 with adjusted net income of RMB 11.6 million ($1.7 million), reversing a prior year loss of RMB 24.8 million.

• NEV insurance and embedded policies surged, with 2.0 million NEV-embedded policies and 16 NEV partnerships by year-end, driving premium and policy growth.

• Operational discipline and cost management reduced expenses, supporting profitability and efficiency.

• Expanded international presence and deepened partnerships with major automakers, including Volkswagen, Huawei, BYD, and NIO.

• Advanced AI-powered insurance ecosystem and recognized for AI-driven anti-fraud technology.

Financial highlights

• Total written premium for 2025 rose 11% to RMB 27 billion ($3.9 billion); H2 2025 up 16.9% YoY to RMB 15.5 billion.

• Net revenues for 2025 were RMB 3.01 billion ($430.4 million), down 13.3% YoY due to NEV premium mix shift.

• Gross profit for 2025 increased 1% to RMB 160.4 million ($22.9 million); gross margin improved to 5.3%.

• Operating loss narrowed 68.6% to RMB 20.9 million ($3.0 million); adjusted operating income was RMB 5.6 million.

• Net loss for 2025 improved 71% to RMB 17.8 million; adjusted net income per share was RMB 0.14.

Outlook and guidance

• 2026 net revenues expected between RMB 3.0–3.2 billion; total written premiums RMB 28.0–30.0 billion; NEV written premiums RMB 10.5–12.0 billion.

• Adjusted net income projected to multiply several folds over 2025.

• NEV premiums expected to increase 66.7%–90.5% YoY in 2026, driven by AI and data-driven offerings.