Core Viewpoint - Tuhu Car Service demonstrated strong growth in the first half of 2025, with significant increases in revenue and profit, despite challenges in the overall automotive aftermarket [1][2]. Financial Performance - In the first half of 2025, Tuhu achieved revenue of 7.88 billion yuan, a year-on-year increase of 10.5%, marking a return to double-digit growth [2]. - Adjusted net profit reached 410 million yuan, up 14.6% year-on-year, with a net profit margin of 5.2%, indicating improved operational efficiency [2]. - Free cash flow for the period was 350 million yuan, a substantial increase of 32.2%, with total cash reserves exceeding 7.5 billion yuan, providing a solid financial foundation for strategic initiatives [2]. User Growth and Engagement - Tuhu's registered user base surpassed 150 million, reflecting an 18.8% year-on-year growth, while the number of active transaction users reached 26.5 million, up 23.8% [2][3]. - The repurchase rate increased to 64%, and user satisfaction remained above 95%, indicating strong customer loyalty and service quality [3]. Market Expansion and Store Network - As of June 30, 2025, Tuhu operated 7,205 service stores, a net increase of 894 stores, covering 1,855 county-level administrative regions [3]. - The coverage rate in counties with over 20,000 passenger vehicles rose to 70%, showcasing Tuhu's penetration into lower-tier markets [3]. Technological Advancements - Tuhu has integrated AI and automation into its operations, enhancing customer service and supply chain efficiency [4]. - The implementation of an automated retail warehouse in Guangzhou has increased operational efficiency by 2.5 times compared to traditional warehouses, while reducing labor costs by 60% [4][5]. - The logistics delivery rate improved to 83%, with a reduction in fulfillment costs by 0.5 percentage points [5]. Business Segments and Growth Drivers - The fast repair segment saw revenue growth exceeding 60%, with some categories growing over 100%, driven by increased demand due to rising vehicle age [5]. - The new energy vehicle segment also experienced rapid growth, with transaction users increasing by 83.5% to 3.4 million, significantly above the industry average [5].
上半年收入78.8亿元 工场店增至7205家：途虎开盘大涨11%