Core Viewpoint - The financial performance of Cao Cao Mobility shows significant improvement, with a notable increase in revenue and a reduction in losses, indicating a positive trend in the company's operations [3][4]. Financial Performance - In the first half of the year, Cao Cao Mobility achieved a revenue of 9.456 billion yuan, representing a year-on-year growth of 53.5% [3]. - The gross profit margin increased from 7.0% in the same period of 2024 to 8.4% [3]. - The net loss narrowed by 39.8% year-on-year, and the net cash flow from operating activities grew by 164.6% [3]. Business Operations - The company expanded its operations to cover 163 cities nationwide, with a total order volume of 379.5 million, marking a 49.0% increase year-on-year [3]. - Cao Cao Mobility has been actively promoting its customized vehicle strategy, owning over 37,000 customized vehicles across 31 cities as of June 30, 2025, contributing 2.5 billion yuan to GTV, a 34.7% increase [4]. User Engagement - The average monthly active users on the platform increased by 57.4% year-on-year, while the average monthly active drivers rose by 53.5% [4]. - The average order value (AOV) increased to 28.9 yuan [4]. - The company received recognition for having the best service reputation among major shared mobility platforms in China during user surveys conducted from Q4 2023 to Q2 2025 [4]. Technological Development - Cao Cao Mobility is developing Robotaxi services through its platform "Cao Cao Zhixing," with the deployment of a new generation of Robotaxi starting in April 2025 [4]. - The company has completed over 15,000 kilometers of autonomous driving tests in Suzhou and Hangzhou by the end of the reporting period [4]. Social Responsibility - The company launched a barrier-free public welfare brand and deployed over 1,000 barrier-free special vehicles in more than 20 cities, providing free rides for wheelchair users [5]. - Cao Cao Mobility is the first platform in the industry to participate in pilot programs for occupational injury protection for gig economy workers and has established various support programs for drivers [5]. Future Outlook - The company aims to leverage its unique competitive advantages, successful regional expansion, strong development of Robotaxi, and strategic relationship with Geely Holding Group to optimize growth strategies and achieve a healthy balance between rapid growth and profitability [5].
曹操出行上半年营收同比增53.5%：业务覆盖163个城市，开始部署新一代Robotaxi