Core Viewpoint - 如祺出行 has reported its first financial results since its IPO, showing a revenue of 2.463 billion yuan for 2024, a 14% year-on-year increase, but still incurring a net loss of 564 million yuan, although this loss has narrowed compared to the previous year [2][7][8] Financial Performance - Revenue for 2024 reached 2.463 billion yuan, marking a 14% increase from the previous year [2][7] - The net loss for 2024 was 564 million yuan, a reduction from the previous year's loss [2][7] - Cumulative net losses over four years amount to 2.569 billion yuan [8] - Gross loss for 2024 was 35.4 million yuan, a 76.5% improvement year-on-year, with a gross loss margin improving from -7% in 2023 to -1.4% in 2024 [2][9] Business Operations - The number of ride service orders reached 113 million in 2024, a 15.7% increase year-on-year [9] - Average transaction value per order decreased by 5.71% to 26.4 yuan [9] - The platform's registered users grew by 45% to 34.5 million [9] Investment and R&D - R&D expenditure for 2024 was 140 million yuan, an 18.8% increase, primarily focused on Robotaxi and operational research [10] - The company is exploring low-altitude travel services, including flying cars, to create a comprehensive smart travel platform [2][15] Market Position and Future Outlook - 如祺出行 continues to operate in a "burning money" state, similar to many other ride-hailing platforms [6] - The company aims to expand its ride-hailing and Robotaxi services internationally and improve operational efficiency [9] - The company is leveraging its operational capabilities and data services to support 广汽集团's autonomous driving research and development [11][13] Stock Market Performance - Following its IPO, 如祺出行's stock price fell over 10% on the first trading day, closing at 33.9 HKD per share [16] - As of March 28, 2025, the stock price was reported at 11.5 HKD per share, with a total market capitalization of 2.347 billion HKD [16]
如祺出行4年净亏损25.7亿毛损率仍为负 研发开支1.4亿借势广汽布局低空出行