Cheche(CCG)

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Cheche Group Schedules Second Quarter 2024 Earnings Release and Conference Call Date
Prnewswire· 2024-08-21 12:00
Group 1 - Cheche Group Inc. will host a conference call on August 29, 2024, at 8:00 a.m. EST to discuss its second quarter 2024 results [1] - The earnings release and investor deck will be available prior to the event in the "Quarterly Results" section under "Financials" [1] - A live webcast of the conference call will be accessible in the "Events" section on the investor relations website [1] Group 2 - Cheche Group Inc. was established in 2014 and is headquartered in Beijing, China [2] - The company operates a nationwide network of approximately 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China [2] - Cheche has evolved into a comprehensive, data-driven technology platform offering a full suite of services and products for digital insurance transactions and insurance SaaS solutions in China [2]
Argus Research Initiates Equity Report Coverage on Cheche Group Inc. (NasdaqCM: CCG).
Prnewswire· 2024-07-11 12:45
Company Highlights - Cheche Group Inc. (CCG) is identified as a leading "Digital Connector" for the New Energy Vehicle (NEV) Auto Insurance Ecosystem in China, connecting auto insurers with various stakeholders [1] - The company is in the early stages of scaling its business in the world's second-largest auto market, which represents approximately 60% of the global electric vehicles on the road [1] Industry Insights - The NEV sector in China is expected to continue benefiting from favorable government policies, which are driving growth in the automobile insurance industry [2] - In 2023, Cheche Group experienced a more than five-fold increase in digital embedded policies, reaching 416,000, with written premiums exceeding $204 million [2] - The NEV market is viewed as being in the early stages of a long-term growth cycle [2] Financial Performance - For the full year of 2024, Cheche Group anticipates net revenue growth of 6%-12%, projecting revenues between RMB3.5 billion and RMB3.7 billion, and total written premiums growth of 8.4%-17.3%, estimating premiums between RMB24.5 billion and RMB26.5 billion [2] - As of March 31, 2024, Cheche Group reported total cash and short-term investments of RMB234.0 million (approximately $32.4 million) and a positive working capital position of RMB264.9 million (approximately $37 million) with a current ratio of 1.5 [3] - The company narrowed its adjusted net loss by 35.7% in 2023 and is projected to potentially reach profitability by 2025 [3] Company Overview - Established in 2014 and headquartered in Beijing, Cheche Group operates as a leading auto insurance technology platform with over 100 local branches licensed to distribute insurance policies across 25 provinces in China [3] - The company focuses on the NEV market and has evolved into a comprehensive, data-driven technology platform offering a full suite of services for digital insurance transactions and insurance SaaS solutions [3]
Cheche Group Announces Strategic Partnership with BAIC Group's Insurance Provider
Prnewswire· 2024-06-27 11:30
BEIJING, June 27, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it has entered into a strategic partnership with Beijing Anpeng Insurance Broker Co., Ltd. ("Beijing Anpeng"), as Cheche continues to deepen its collaborations with new energy vehicle ("NEV") manufacturers in China. Beijing Anpeng is a subsidiary of Beijing Automotive Group Co., Ltd. ("BAIC Group") and specifically handles the insurance ...
Cheche Group Announces Partnership with NIO Insurance Broker
Prnewswire· 2024-06-20 11:30
BEIJING, June 20, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it has entered into a partnership with NIO Insurance Broker Co., Ltd. ("NIO Insurance Broker"), a subsidiary of NIO INC. (NYSE: NIO) ("NIO"), as Cheche continues to deepen its collaborations with new energy vehicle ("NEV") manufacturers. Cheche's accessible digital platform, powered by industry-leading technology, will digitalize the process ...
Cheche Group Reports First Quarter 2024 Unaudited Financial Results
prnewswire.com· 2024-05-30 11:00
BEIJING, May 30, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche", the "Company" or "we"), China's leading auto insurance technology platform, today announced its unaudited financial results for the first quarter ended March 31, 2024.Financial and Operational HighlightsNet revenues for the quarter increased 1.0% year-over-year to RMB787.1 million (US$109.0 million).Net loss for the quarter decreased 28.8% year-over-year to RMB31.3 million (US$4.3 million).Adjusted net loss(1) for the quarter i ...
Cheche Group Schedules First Quarter 2024 Earnings Release and Conference Call Date
prnewswire.com· 2024-05-24 12:00
Company Overview - Cheche Group Inc. is a leading auto insurance technology platform in China, established in 2014 and headquartered in Beijing [2] - The company operates a nationwide network of approximately 110 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China [2] - Cheche has evolved into a comprehensive, data-driven technology platform offering a full suite of services and products for digital insurance transactions and insurance SaaS solutions [2] Upcoming Events - The company will host a conference call to discuss its first quarter 2024 results on May 30, 2024, at 8:00 a.m. EST [1] - The first quarter 2024 earnings release and related investor deck will be available on the investor relations website prior to the event [1] - A live webcast of the conference call will be accessible in the "Events" section of the company's investor relations website [1]
Cheche Group Announces Partnership with Volkswagen (Anhui) Digital Sales and Services to Better Support Volkswagen Anhui's NEV Insurance Business
Prnewswire· 2024-05-13 13:00
Core Insights - Cheche Group Inc. has partnered with Volkswagen Anhui to become the exclusive service provider for NEV insurance, aiming to enhance the attractiveness and penetration of Volkswagen Anhui's branded insurance products [1][2] Company Overview - Cheche Group Inc. was established in 2014 and is headquartered in Beijing, China, operating a nationwide network of approximately 110 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China [3] - The company has evolved into a comprehensive, data-driven technology platform offering a full suite of services and products for digital insurance transactions and insurance SaaS solutions [3]
Cheche(CCG) - 2023 Q4 - Annual Report
2024-04-29 20:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of exchange on which registered Class A ordinary shares, $0.00001 par value per share CCG The NASDAQ Stock Market LLC Warrants, each exercisable for one Class A ordinary share at an exercise price of $11.50 per share CCGWW The NASDAQ Stock Market LLC FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUAN ...
Cheche Group Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Date
Prnewswire· 2024-03-21 13:00
BEIJING, March 21, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it will host a conference call to discuss fourth quarter and full year 2023 results on Thursday, March 28, 2024, at 8:00 a.m. EST. The fourth quarter and full year 2023 earnings release and related investor deck will be available on the investor relations website at ir.chechegroup.com prior to the event. A live webcast will be available in t ...
Cheche Group Expands Partnership with Sinopec to Deliver Digital Insurance Solutions to Retail Network
Prnewswire· 2024-03-05 14:00
BEIJING, March 5, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, has expanded its partnership with Sinopec Easy Joy Sales Co., Ltd ("Sinopec Easy Joy"), a subsidiary of China Petroleum & Chemical Corporation ("Sinopec"), to provide embedded auto insurance services in over 5,000 of Sinopec's gas stations nationwide. Sinopec Easy Joy operates Sinopec's non-oil businesses, with a nationwide retail footprint that includes ove ...