Core Viewpoint - Cao Cao Mobility's stock surged over 13% following the release of its interim results, reaching a new high of HKD 92.5, with a current trading price of HKD 89.7 and a transaction volume of HKD 37.95 million [1] Financial Performance - The company reported a revenue of RMB 9.456 billion for the first half of the year, representing a year-on-year increase of 53.5% [1] - Adjusted net loss was RMB 330 million, a reduction of 34% compared to the previous year [1] - Loss attributable to shareholders decreased to RMB 495 million, down 35.45% year-on-year [1] - Gross margin improved from 7.0% in the first half of 2024 to 8.4% in the first half of 2025 [1] Business Expansion - As of June 30, 2025, Cao Cao Mobility's operations expanded to 163 cities, with a total Gross Transaction Value (GTV) of RMB 11 billion, marking a year-on-year growth of 53.6% [1] - The GTV contribution from customized vehicles reached RMB 2.5 billion, reflecting a year-on-year increase of 34.7% [1] - Vehicle sales surged from 2,826 units in the first half of 2024 to 7,993 units in the first half of 2025 [1]