Financial Performance - The company reported a total revenue of 1.676 billion RMB in the first half of the year, representing a year-on-year increase of 61.7% [1] - The order volume for the core mobility service business grew by 51.13% to 73.3 million orders, contributing a transaction value increase of 56.83% to 2.032 billion RMB [1] - The company achieved a gross profit of 37.438 million RMB, a significant increase of 215.4% compared to the same period last year, resulting in a gross margin of 2.2% [1] Cost Management - The average transaction value per order increased from 26.7 RMB to 27.7 RMB, reflecting a growth of 3.75% [2] - Financial costs were significantly reduced by 43.4%, while general and administrative expenses, as well as sales and marketing expenses, decreased by over 20% [2] Investment in Technology - The company has invested over 137 million HKD in autonomous driving and Robotaxi operational service R&D since its listing, with plans to invest an additional 256 million HKD in 2026 and beyond [2] - The company currently operates over 300 Robotaxi vehicles, with order volume increasing by over 470% and monthly active users rising by over 70% year-on-year [1]

Core Insights - The company reported significant growth in key financial metrics for the first half of 2025, with total revenue reaching 1.676 billion RMB, a year-on-year increase of 61.7% [1][2] - The company achieved its first positive gross margin, indicating a critical breakthrough in profitability [1][4] Revenue Breakdown - The ride-hailing services, including ride-hailing and Robotaxi, contributed 1.636 billion RMB in revenue, marking an impressive year-on-year increase of 86.1% [4] - Revenue from technology services, which includes AI data and model solutions as well as high-precision mapping, surged by 207.0% year-on-year [4] Profitability Metrics - The total gross profit for the first half of 2025 reached 37.438 million RMB, reflecting a year-on-year growth of 215.4% [4] - The gross margin improved from -3.1% in the same period last year to 2.2%, a substantial increase of 171.0% [4] Cost Management - The company experienced a significant reduction in various costs during the reporting period, with financial costs decreasing by 43.4% and general and administrative expenses, as well as sales and marketing expenses, each declining by over 20% [8] - The order volume reached 73.3 million, representing a year-on-year increase of 51.1%, which contributed to a transaction value growth to 2.032 billion RMB, up 56.8% [6] Strategic Expansion - The company has implemented a "ripple effect" strategy for regional expansion, focusing on the Guangdong-Hong Kong-Macao Greater Bay Area and gradually extending to neighboring regions [8] - As of June 30, the company operated over 300 Robotaxi vehicles, with a year-on-year order volume growth exceeding 470% and a monthly active user increase of over 70% [9] Future Plans - The company plans to expand its Robotaxi operations to 100 core cities over the next five years, with a significant investment plan of 1 billion RMB to establish a comprehensive operational network [9]

Core Insights - 如祺出行 reported a significant revenue increase of 61.7% year-on-year, reaching 1.676 billion yuan in the first half of 2025, marking its first positive gross margin with a gross profit of 37.438 million yuan [1][2] - The company's two main business segments, ride-hailing services and technology services, both experienced substantial growth, with ride-hailing services contributing 1.636 billion yuan in revenue, up 86% year-on-year, and technology services seeing a 207% increase [1][2] - Despite intensified competition in the Chinese ride-hailing market, the overall gross margin improved due to increased user traffic, higher order volumes, and optimized cost structures [1] Financial Performance - Total order volume increased to 73.3 million, a year-on-year growth of 51.13%, leading to a transaction value of 2.032 billion yuan, up 56.83% [2] - Significant reductions in various costs were noted, including a 43.4% decrease in financial costs and over 20% reductions in general and administrative expenses, as well as sales and marketing expenditures [2] Robotaxi Business Development - Since its listing, the company has invested over 137 million HKD in autonomous driving and Robotaxi operations, with plans to invest an additional 256 million HKD in 2026 and beyond [3] - As of June 30, the company operated over 300 Robotaxis, with order volume increasing by over 470% year-on-year and monthly active users rising by over 70% [3] - The company launched the "Robotaxi+" strategy, aiming to expand Robotaxi operations to 100 core cities over the next five years, collaborating with various partners to build a fleet of over 10,000 Robotaxis [3]

Core Insights - The company reported a total revenue of 1.676 billion yuan for the first half of the year, representing a year-on-year growth of 61.7% [1] - The order volume for the ride-hailing service increased by 51.13% to 73.3 million orders, driving a transaction value increase of 56.83% to 2.032 billion yuan [1] - Revenue from technology services, related to tech operations, surged by 207% [1] Financial Performance - The company achieved a positive gross margin for the first time, with the gross margin rising from -3.1% in the same period last year to 2.2% [1] - The total gross profit amounted to 37.438 million yuan, reflecting a year-on-year increase of 215.4% [1] Investment in Technology - Since its listing, the company has invested over 137 million Hong Kong dollars in research and development activities for autonomous driving and Robotaxi operations [1] - Currently, the company operates over 300 Robotaxi vehicles, covering multiple core areas in the Greater Bay Area [1]

Core Insights - The company, 如祺出行, reported a significant increase in key financial metrics for the first half of 2025, with total revenue reaching 1.676 billion RMB, a year-on-year increase of 61.7% [1][2] - The company achieved its first positive gross margin, with a total gross profit of 37.438 million RMB, representing a 215.4% increase compared to the same period last year, and a gross margin of 2.2% [1][2] - The company's Robotaxi operations have seen substantial growth, with order volume increasing by over 470% year-on-year, and the monthly active user count rising by over 70% [1][6] Revenue Growth - The two core business segments, ride-hailing services and technology services, both experienced significant growth, contributing to the overall revenue increase [2] - Ride-hailing services, including both traditional ride-hailing and Robotaxi services, generated 1.636 billion RMB in revenue, an increase of 86% year-on-year [2] - Technology services, which include AI data and model solutions as well as high-precision mapping, saw a revenue increase of 207% year-on-year [2] Cost Management - The company successfully reduced various costs while achieving significant growth in order volume and revenue [3] - Financial costs decreased by 43.4% year-on-year, while general and administrative expenses, as well as sales and marketing expenses, were reduced by over 20% [3] Expansion Strategy - The company employs a unique "ripple model" for regional expansion, focusing on deepening its presence in the Guangdong-Hong Kong-Macao Greater Bay Area before expanding to adjacent regions [4] - As of August 26, the company's services have expanded to cover 94 cities nationwide [4] Robotaxi Development - Since its listing, the company has invested over 137 million HKD in research and development for autonomous driving and Robotaxi services, with plans to invest an additional 256 million HKD in 2026 and beyond [6] - The company announced the "Robotaxi+" strategy, aiming to expand its Robotaxi operations to 100 core cities and build a fleet of over 10,000 vehicles [6][7] - Following the announcement of the "Robotaxi+" strategy, the company's market value increased by nearly 25% within a month [7]

Core Insights - The company, 如祺出行, reported significant growth in key financial metrics for the first half of 2025, including revenue, order volume, and transaction value, with a notable improvement in gross margin [1] Financial Performance - Total revenue for the first half of 2025 reached 1.676 billion RMB, representing a year-on-year increase of 61.7% [1] - The order volume for transportation services grew by 51.13% to 73.3 million orders, contributing to a transaction value increase of 56.83% to 2.032 billion RMB [1] - Revenue from transportation services, including ride-hailing and Robotaxi services, surged by 86%, while revenue from technology services, which includes AI data and high-precision mapping solutions, increased by 207% [1] Profitability - For the first time, the company recorded a positive gross margin, with total gross profit amounting to 37.438 million RMB, a 215.4% increase compared to the same period last year [1] - The gross margin improved significantly from -3.1% in the previous year to 2.2%, marking a substantial improvement of 170.97% [1] Strategic Outlook - The company plans to expand its Robotaxi operations to 100 core cities over the next five years, aiming to build a fleet of over 10,000 Robotaxi vehicles in collaboration with partners [1]

Core Insights - The company, 如祺出行, reported a revenue of 1.676 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 61.7% [1] - The loss attributable to equity shareholders narrowed to 125 million RMB, a decrease of 62.3% compared to the previous year [1] - The basic loss per share was reported at 0.64 RMB [1] Revenue Growth - The significant year-on-year revenue growth was primarily driven by an increase in the company's mobility service revenue [1]

Group 1 - The company reported a revenue of 1.676 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 61.7% [1] - The loss attributable to equity shareholders narrowed to 125 million RMB, a decrease of 62.3% compared to the previous year [1] - The basic loss per share was 0.64 RMB [1] Group 2 - The increase in revenue was primarily driven by the growth in the company's mobility service income [1]

如祺出行科技有限公司 （股份代號：9680） （於開曼群島註冊成立的有限公司） 截至2025年6月30日止六個月的 中期業績公告 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，並明確表示概不就因本公告全部或任何部分內容所 產生或因依賴該等內容而引致的任何損失承擔任何責任。 Chenqi Technology Limited 董事會欣然宣佈本集團截至2025年6月30日止六個月的未經審核綜合中期業績，連同2024 年同期的比較數字。 | 財務摘要 | | | | | | | --- | --- | --- | --- | --- | --- | | | | | 截至6月30日止六個月 | | 同比變動 | | | | | 2025年 | 2024年 | | | | | | 人民幣千元 | 人民幣千元 | % | | | | | （未經審核） | （未經審核） | | | 收入 | | | 1,676,467 | 1,037,053 | 61.7 | | 毛利╱（毛損） | | | 37,438 | (32,445) | 215.4 | | 經營虧損 ...

"出行服务的未来必然是Robotaxi。"如祺出行CEO蒋华在Robotaxi+战略发布会上表示，Robotaxi赛道已经进入比拼落地能力阶段，"能否实现规模化商业落 地，将决定玩家是否有资格在这个赛道走下去。" 在网约车市场竞争愈发白热化的情况下，如祺出行押宝Robotaxi，目前Robotaxi车队规模已突破300辆，运营站点超过4000个。并于今年7月启 动"Robotaxi+"战略，为企业提供一揽子Robotaxi解决方案，并扩大车队和运营规模，为Robotaxi搭好基建。 这意味着"Robotaxi+"的"+"是从轻资产模式到重资产模式的转变，然而，如祺出行长期依赖第三方平台获取订单，自营平台流量未达预期，持续增长的第 三方平台服务费用、司机服务费用和汽车服务站费用使收入成本增加，企业依然盈利承压。 如祺出行毛利率连续数年为负的状况，能否支撑"Robotaxi+"策略落地及Robotaxi的后续研发仍是未知数。 另外，网约车市场中的头部玩家——百度地图和滴滴出行也在布局Robotaxi，当头部玩家凭借资金、数据、流量优势构建各自品牌的Robotaxi生态，如祺 出行所谓的"Robotaxi+"（将R ...