Core Viewpoint - Tuhu-W (09690) experienced a significant stock price increase of 8.39%, reaching HKD 20.66, following the release of its financial results for the six months ending June 30, 2025, which showed positive growth in revenue and profit [1] Financial Performance - The company reported a revenue of RMB 7.877 billion, marking a year-on-year increase of 10.5% [1] - Profit for the period was RMB 307 million, up 7.8% year-on-year, while adjusted net profit reached RMB 410 million, reflecting a 14.6% increase [1] - Basic earnings per share were RMB 0.4 [1] Market Position - Tuhu-W maintained its position as the leading independent automotive service provider in China, achieving a total revenue of RMB 7.9 billion for the reporting period, which is a 10.5% increase compared to RMB 7.1 billion in the same period of 2024 [1] Cost Management - Despite a declining average transaction price in the industry, the company leveraged its platform's bargaining power to optimize supply-side costs [1] - Gross profit amounted to RMB 2 billion, resulting in a gross margin of 25.2% [1] Operating Expenses - Total adjusted operating expenses, including R&D, sales and marketing, and general and administrative expenses, were RMB 1.8 billion, accounting for 22.4% of revenue, showing continued optimization compared to the same period in 2024 [2] Cash Flow and Reserves - The company achieved an adjusted net profit of RMB 1.41 billion, a 14.6% increase from the previous year [2] - Free cash flow reached RMB 347 million, up 32.2% year-on-year [2] - As of the end of the reporting period, the company had approximately RMB 7.5 billion in cash reserves, indicating strong liquidity [2]