Core Insights - 如祺出行 reported a significant revenue increase of 61.7% year-on-year, reaching 1.676 billion yuan in the first half of 2025, marking its first positive gross margin with a gross profit of 37.438 million yuan [1][2] - The company's two main business segments, ride-hailing services and technology services, both experienced substantial growth, with ride-hailing services contributing 1.636 billion yuan in revenue, up 86% year-on-year, and technology services seeing a 207% increase [1][2] - Despite intensified competition in the Chinese ride-hailing market, the overall gross margin improved due to increased user traffic, higher order volumes, and optimized cost structures [1] Financial Performance - Total order volume increased to 73.3 million, a year-on-year growth of 51.13%, leading to a transaction value of 2.032 billion yuan, up 56.83% [2] - Significant reductions in various costs were noted, including a 43.4% decrease in financial costs and over 20% reductions in general and administrative expenses, as well as sales and marketing expenditures [2] Robotaxi Business Development - Since its listing, the company has invested over 137 million HKD in autonomous driving and Robotaxi operations, with plans to invest an additional 256 million HKD in 2026 and beyond [3] - As of June 30, the company operated over 300 Robotaxis, with order volume increasing by over 470% year-on-year and monthly active users rising by over 70% [3] - The company launched the "Robotaxi+" strategy, aiming to expand Robotaxi operations to 100 core cities over the next five years, collaborating with various partners to build a fleet of over 10,000 Robotaxis [3]
如祺出行发布中期业绩：总收入增长61.7%，毛利率首次转正