Group 1 - The company reported a revenue of 7.877 billion yuan for the first half of 2025, representing a year-over-year increase of 10.5% [1] - Adjusted net profit for the same period was 410 million yuan, up 14.6% year-over-year, with a comprehensive gross margin of 25.2%, a slight decrease of 0.7 percentage points [1] - As of June 30, 2025, the company had approximately 7.5 billion yuan in cash reserves, indicating strong financial health [1] Group 2 - The company has expanded its store network to 7,205 locations nationwide, with a net addition of 894 stores compared to the same period in 2024 [1] - The coverage rate of stores in counties with more than 20,000 passenger vehicles has increased to 70%, up 5 percentage points year-over-year [1] - Over 60% of new stores opened in the first half of 2025 were located in second-tier cities and below, highlighting the importance of lower-tier cities as growth drivers [1] Group 3 - The company's quick repair business revenue grew by over 60% year-over-year in the first half of 2025, with a user penetration rate of over 10% [2] - The penetration rate for new energy vehicle users exceeded 12%, supported by a comprehensive service network [2] - The AI-driven customer service system has improved pre-sale conversion rates by 2% and reduced customer service labor costs by 18% year-over-year [2]
途虎-W(09690.HK)：门店持续扩张 精细化运营赋能增长韧性