TuanChe(US:TC) Jin Rong Jie·2025-08-06 16:34Core Viewpoint - Tuanche (TC) has experienced a significant decline in revenue and net profit, indicating potential challenges in its business operations and market conditions [1]. Financial Performance - As of December 31, 2024, Tuanche's total revenue amounted to 49.176 million RMB, representing a year-on-year decrease of 69.71% [1]. - The company's net profit attributable to shareholders was -188 million RMB, reflecting a year-on-year decline of 126.57% [1]. Company Overview - Token Cat Limited, formerly known as Tuanche Limited Liability Company, is a Cayman Islands-registered holding company that operates through its domestic subsidiary, Tuanche Internet Information Service (Beijing) Co., Ltd. [1]. - Tuanche is recognized as a leading automotive e-commerce platform in China, established in 2010 [1]. - The company has developed a new retail strategy centered around automotive transaction scenarios, aiming to create a comprehensive automotive transaction service ecosystem [1]. - Tuanche has pioneered a scenario-based new retail model in the automotive industry, collaborating with manufacturers and dealers to provide local offline car purchasing experiences for consumers [1].