Core Insights - The company reported a revenue of RMB 9.456 billion for the six months ending June 30, 2025, representing a year-on-year increase of 53.5% [1] - Adjusted net loss decreased to RMB 330 million, a reduction of 34% compared to the previous year [1] - The total Gross Transaction Value (GTV) reached RMB 11 billion, up 53.6% from RMB 7.1 billion in the same period last year [1] Financial Performance - Revenue for the six months ending June 30, 2025, was RMB 9.456 billion, a 53.5% increase year-on-year [1] - Adjusted net loss was RMB 330 million, down 34% from the previous year [1] - Loss attributable to shareholders was RMB 495 million, a decrease of 35.45% year-on-year [1] - Basic loss per share was RMB 1.09 [1] Operational Metrics - The company operated in 163 cities as of June 30, 2025 [1] - Total order volume reached 379.5 million, an increase of 49.0% from 254.8 million in the same period last year [1] - The fleet consisted of over 37,000 customized vehicles deployed in 31 cities [1] Vehicle Sales and User Recognition - Vehicle sales surged from 2,826 units in the first half of 2024 to 7,993 units in the first half of 2025 [2] - The company was rated as having the "best service reputation" among leading shared mobility platforms in China, reflecting high user recognition [2]

格隆汇8月26日丨曹操出行(02643.HK)发布公告，截至2025年6月30日止六个月，公司收入增加53.5%至 人民币95亿元。持续增长带来的规模效应与营运效率提升，显著推动毛利增长并使毛利率稳步改善，公 司的毛利率由截至2024年6月30日止六个月的7.0%提升至截至2025年6月30日止六个月的8.4%。 此外，公司已将并预期将更加战略性地专注于车辆销售。公司的车辆销量由截至2024年6月30日止六个 月的2,826辆大幅增加至截至2025年6月30日止六个月的7,993辆。截至2025年6月30日止六个月，公司的 车辆销售收入为人民币7.436亿元，较截至2024年6月30日止六个月的人民币3.133亿元增长137.3%。公 司相信，出行运营车辆拥有庞大的市场，凭藉公司在设计及运营定制车方面的独特优势，公司具备在这 一市场中竞争的优势。 凭藉公司的竞争优势、地理扩张的成功、Robotaxi的强劲发展势头以及与吉利集团的战略关系，公司将 继续优化增长策略，致力实现快速增长与盈利能力的健康结合。 公司将继续投资于旗下自动驾驶平台曹操智行，以增强公司Robotaxi运营能力，并寻求机会逐步将 robota ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 CaoCao Inc. 曹操出行有限公司 （於開曼群島註冊成立的有限公司） （股份代號：02643） 關連交易 向關連附屬公司 提供財務資助 及技術開發（委託）協議 向關連附屬公司提供財務資助 於2025年8月26日，杭州優行及蘇州吉利優行各自與曹智汽車就擔保訂立擔保 協議，據此，杭州優行及蘇州吉利優行將提供不超過人民幣90百萬元的連帶責 任擔保，以供曹智汽車向銀行申請為期一年的貸款，該期限與曹智汽車與銀行 訂立的貸款融資協議的期限相同。擔保的最高擔保額乃參考貸款融資協議的信 貸額度而釐定。截至本公告日期，曹智汽車尚未向銀行申請貸款。本公司將就 擔保按年化利率不超過0.5%收取擔保費，估算金額不超過人民幣0.45百萬元。 曹智汽車為本公司的附屬公司。截至本公告日期，曹智汽車由本公司全資附 屬公司蘇州優行持有55%權益，由李先生控制的重慶睿藍汽車科技持有45%權 益。於本公告日期，李先生間接持有本公司約77 ...

財務摘要 未經審計 截至以下年度止六個月 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 CaoCao Inc. 曹操出行有限公司 （於開曼群島註冊成立的有限公司） （股份代號：02643） 截至2025年6月30日止六個月之中期業績公告 曹操出行有限公司董事會欣然公佈本集團截至2025年6月30日止六個月之未經審 計合併中期業績，連同截至2024年6月30日止六個月之比較數字，已經董事會審 核委員會審閱。 | | 截至6月30日止六個月 | | 同比變動 | | --- | --- | --- | --- | | | 2025年 | 2024年 | % | | GTV（人民幣百萬元） | 10,954 | 7,132 | 53.6 | | 訂單量（千計） | 379,505 | 254,766 | 49.0 | | AOV（人民幣元） | 28.9 | 28.0 | 3.2 | | 日訂單量（千計） | 2,108 | 1,400 | 50.6 | ...

消息面上，8月22日盘后，恒生指数公司公布了其定期的半年度指数调整结果，其中，曹操出行获纳入 恒生综合指数，变动将于9月5日收市后实施并于9月8起生效。此前摩根大通、华泰证券等多家机构已预 测曹操出行有望于9月8日纳入港股通交易范围。浙商证券研报指出，公司依托吉利生态，已稳居网约车 行业第二，并且"定制车+智能驾驶+出行平台" Robotaxi 三位一体生态闭环雏形已成，有望在即将到来 的Robotaxi商业化浪潮中抢占先机，打开中长期估值空间。 智通财经APP获悉，曹操出行(02643)涨超5%，高见82.5港元再创新高。截至发稿，涨5.05%，报81.2港 元，成交额4736.46万港元。 ...

Core Viewpoint - Caocao Travel (02643) has seen its stock price rise over 5%, reaching a new high of 82.5 HKD, following its inclusion in the Hang Seng Composite Index, effective September 8 [1] Group 1: Stock Performance - As of the report, Caocao Travel's stock increased by 5.05%, trading at 81.2 HKD with a transaction volume of 47.36 million HKD [1] Group 2: Index Inclusion - On August 22, the Hang Seng Index Company announced its semi-annual index adjustment results, which included Caocao Travel in the Hang Seng Composite Index [1] - The adjustment will be implemented after market close on September 5 and will take effect on September 8 [1] Group 3: Market Predictions - Several institutions, including JPMorgan and Huatai Securities, have predicted that Caocao Travel is likely to be included in the Hong Kong Stock Connect trading range starting September 8 [1] Group 4: Company Positioning - According to a report by Zheshang Securities, Caocao Travel has established itself as the second-largest player in the ride-hailing industry, leveraging the Geely ecosystem [1] - The company is developing a three-in-one ecosystem comprising customized vehicles, intelligent driving, and a ride-hailing platform, positioning itself to capitalize on the upcoming Robotaxi commercialization wave, which could enhance its long-term valuation [1]

Core Viewpoint - Multiple ride-hailing companies have announced reductions in commission rates, aiming to enhance driver benefits and stabilize their income [1][3][9]. Group 1: Didi Chuxing - Didi Chuxing will lower the maximum commission rate from 29% to 27% by the end of this year, with any amount exceeding 27% being refunded to drivers [2][3]. - Currently, orders with commissions above 27% are minimal, but the adjustment is intended to benefit all drivers on the platform [3]. - Didi aims for an average commission rate of 14% across all orders by 2024, providing transparency in earnings through the driver app [7]. Group 2: T3 Chuxing - T3 Chuxing has set a maximum commission rate of 27%, with the proportion of orders at 26%-27% expected to decrease from 21% to 17% by year-end [9]. - For drivers completing at least 50 orders per month, the commission cap will be 25%, with any excess refunded [9]. Group 3: Cao Cao Chuxing - Cao Cao Chuxing has reduced the commission cap for app and mini-program orders from 22.7% to 22.5%, reflecting a commitment to share development benefits with drivers [9][10]. Group 4: Gaode Dache - Gaode Dache is collaborating with over 80 ride-hailing platforms to ensure commission rates do not exceed 27%, ensuring drivers receive at least 73% of the passenger fare [10]. - The information service fee cap will be reduced to 9%, and initiatives will be implemented to lower overall costs for drivers by 2% [10].

Core Viewpoint - Caocao Travel has been selected to be included in the Hang Seng Composite Index, effective September 8, 2025, indicating strong market recognition and potential for growth [1] Group 1: Company Performance and Market Position - Since its listing on the Hong Kong Stock Exchange on June 25, 2025, Caocao Travel's stock price has been on the rise, supported by positive ratings from various institutions [1] - The company has established itself as the second-largest player in the ride-hailing industry, leveraging the Geely ecosystem [1] - By the end of 2024, Caocao Travel is expected to have approximately 1.5 million active vehicles on its platform, achieving a Gross Transaction Value (GTV) of around 17 billion yuan [1] Group 2: Business Strategy and Growth Potential - Caocao Travel has deployed 34,000 customized electric vehicles in 31 core cities, leading the market in terms of fleet size [2] - The total cost of ownership (TCO) for the customized vehicles is 36% lower than typical electric vehicles, contributing to an expected gross margin increase to 8.1% in 2024 [2] - The Robotaxi business is anticipated to be the company's largest growth driver, with the "Caocao Zhixing" autonomous driving platform launched in February 2025 [2] - The company is collaborating with Geely to develop L4-level Robotaxi models, which are expected to have significantly lower TCO compared to industry peers [2] Group 3: Financial Projections - According to Zheshang Securities, Caocao Travel's projected revenues for 2025, 2026, and 2027 are 19.7 billion, 25.6 billion, and 30 billion yuan respectively, with a compound annual growth rate of 27% [2] - The company is expected to achieve positive EBIT for the first time in 2026 and to become fully profitable by 2027 [2] - Current valuation levels are significantly lower than international peers, presenting an attractive investment opportunity [2]

Core Viewpoint - Caocao Travel has been selected to be included in the Hang Seng Composite Index, effective September 8, 2025, which is expected to enhance its market visibility and trading volume [1] Group 1: Company Performance and Market Position - Since its listing on the Hong Kong Stock Exchange on June 25, 2025, Caocao Travel's stock price has been on the rise, supported by positive ratings from various institutions [1] - The company has established itself as the second-largest player in the ride-hailing industry, leveraging the Geely ecosystem [1] - By the end of 2024, Caocao Travel is projected to have approximately 1.5 million active vehicles on its platform, with a Gross Transaction Value (GTV) of around 17 billion yuan [1] Group 2: Business Model and Growth Strategy - Caocao Travel operates a light-asset model, entering 85 new cities by selling customized vehicles to local partners, incentivizing them to provide services on the platform [1] - The company has over 1,000 cooperative merchants in its ecosystem, with partner revenue increasing by 34% year-on-year, and plans to open 200 new cities in 2025 [1] Group 3: Cost Control and Profitability - The company has deployed 34,000 customized electric vehicles in 31 core cities, achieving the largest fleet in its category, with a Total Cost of Ownership (TCO) 36% lower than typical electric vehicles [2] - The gross margin is expected to improve to 8.1% in 2024, indicating ongoing enhancements in profitability [2] Group 4: Future Growth Potential - The Robotaxi business is anticipated to be the company's largest growth driver, with the "Caocao Zhixing" autonomous driving platform launched in February 2025 [2] - By 2035, the Chinese Robotaxi market is projected to reach 1.6 trillion yuan, and Caocao Travel aims to capitalize on this growth through its integrated ecosystem of customized vehicles, smart driving, and ride-hailing services [2] - Revenue forecasts for Caocao Travel from 2025 to 2027 are 19.7 billion, 25.6 billion, and 30 billion yuan respectively, with a compound annual growth rate of 27% [2]

Dear non-registered shareholder(s), Arrangement of Electronic Dissemination of Corporate Communications Pursuant to Rule 2.07A of the Rules Governing The Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") under the expansion of paperless listing regime and electronic dissemination of corporate communications that came into effect on 31 December 2023, CaoCao Inc. (the "Company") is writing to inform you that the Company has adopted electronic dissemination of corporate com ...