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 ...

Core Viewpoint - The future of mobility services is centered around Robotaxi, with companies needing to demonstrate scalable commercial viability to remain competitive in the market [1][2]. Group 1: Company Strategy and Development - The CEO of 如祺出行 emphasized that the Robotaxi sector has entered a phase where the ability to implement scalable commercial operations will determine the players' longevity in the market [1]. - 如祺出行 has launched the "Robotaxi+" strategy, which aims to provide comprehensive solutions for Robotaxi operations, expanding its fleet and operational scale [1][6]. - The company has transitioned from a light asset model to a heavy asset model, indicating a significant shift in its operational strategy [7]. Group 2: Market Position and Competition - The competitive landscape includes major players like Baidu and Didi, who are also developing their own Robotaxi ecosystems, posing a risk to 如祺出行's "Robotaxi+" strategy [2][13]. - Didi holds a 70% market share in the ride-hailing sector, while 如祺出行 is focusing heavily on the Robotaxi segment to find new growth avenues [3]. Group 3: Financial Performance and Challenges - 如祺出行 has reported net losses of -627 million, -693 million, and -564 million CNY for the years 2022 to 2024, with negative gross margins of -10.7%, -7.0%, and -1.4% respectively [8]. - The company's reliance on third-party platforms for orders has increased, with the proportion of orders from these platforms rising from 28% to 59% between 2022 and 2023 [10][11]. - The costs associated with third-party service fees, driver services, and vehicle maintenance have significantly impacted profitability, leading to increased operational costs [9][12]. Group 4: Future Outlook and Strategic Plans - 如祺出行 plans to expand its Robotaxi operations to cover 100 core cities and aims to build a fleet of over 10,000 vehicles within five years through its "Starfire Plan" and "Galaxy Plan" [6]. - The company faces challenges in achieving its ambitious goal of commercializing Robotaxi services by 2026, as it lacks sufficient funding and data to support its operational efficiency [16].

格隆汇8月14日丨如祺出行(09680.HK)公布，公司将于2025年8月26日召开董事会会议，以（其中包括） 审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议（如 有）。 ...

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文件的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本文件全部或任何 部份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。 Chenqi Technology Limited 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） 如祺出行科技有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於 2025年8月26日（星期二）舉行，藉以（其中包括）考慮及批准本公司及其附屬公司及 關聯併表實體截至2025年6月30日止六個月之中期業績及其發佈，並考慮派發中期 股息（如有）。 承董事會命 如祺出行科技有限公司 董事長 高銳先生 中國廣州，2025年8月14日 於本公告日期，董事會成員包括：(i)執行董事蔣華先生；(ii)非執行董事高銳先生、 肖艷女士、梁偉強先生、鍾翔平先生及柏卉女士；及(iii)獨立非執行董事張君毅先 生、張森泉先生及李貿祥先生。 董事會會議通告 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 如祺出行科技有限公司 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09680 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 480,000,000 | USD | | 0.0005 | USD | | 240,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 480,000,000 | USD | | 0.0005 | USD | | 240,000 | 本月底法定/註冊股本總額： USD 240,000 FF ...

Core Points - Fourth Paradigm announced a joint venture agreement with Beijing Haibo Sichuang Technology Co., Ltd. to establish a new company named Energy Crystal (Beijing) Technology Co., Ltd. [2] - The joint venture will focus on AI technology services in the field of electricity trading, with Fourth Paradigm holding a 19% stake in the new company, which will not be consolidated into its financial statements [2] - The collaboration aims to explore and innovate in the integration of AI and energy storage technologies, enhancing technical applications and industry ecosystems [2] Company Collaboration - The partnership between Fourth Paradigm and Haibo Sichuang will explore the technological boundaries of "AI + Energy Storage," injecting high intelligence capabilities into the entire energy storage business chain [3] - The joint venture is expected to contribute to global sustainable energy development by providing a "Chinese solution" [3] - Fourth Paradigm believes that the terms of the joint venture agreement are fair and reasonable, aligning with the overall interests of the company and its shareholders [3]

Core Viewpoint - The recent surge in stock price of 如祺出行 (09680.HK) is attributed to the launch of its "Robotaxi+" strategy and its leading position in the compliance rate of ride-hailing orders [1][2] Company Developments - 如祺出行's stock price reached a peak of 12.00 HKD, with an increase of 11.52% on August 1, and has seen a continuous rise over the past four trading days [1] - The company announced the "Robotaxi+" strategy on July 23, which aims to upgrade its existing Robotaxi operational technology platform to an open "Robotaxi+" platform [1] - The "Robotaxi+" platform will provide comprehensive solutions for Robotaxi commercialization, including asset operation and maintenance plans, ensuring maximum asset efficiency and transparent data management [1] Strategic Plans - The "星火计划" (Spark Plan) aims to expand the operational scope and fleet size of Robotaxi services, targeting to cover 100 core cities and build a fleet of over 10,000 vehicles in the next five years [2] - The "星河计划" (Galaxy Plan) involves a 1 billion-level investment to establish a three-tier maintenance network for Robotaxi in 100 core cities, with an expected total of 1,000 facilities to support the maintenance of 100,000 Robotaxi annually [2] - Since the announcement of the "Robotaxi+" strategy, 如祺出行's stock price and market value have increased by over 25% [2]