CaoCao Inc. Releases 2025 Results - Achieves First Positive Adjusted Profit in Q4

On March 27, CaoCao Inc. (stock code: 02643.HK) released its 2025 annual results announcement. As of December 31, 2025, the Company's services covered 195 cities nationwide. During the reporting period, the Company recorded revenue of RMB20.2 billion, representing a year-on-year increase of 38%.

The company's profitability improved markedly. During the period, gross margin rose by 1.3 percentage points from 8.1% in 2024 to 9.4%; net loss narrowed substantially by 50.8% year-on-year; and net cash generated from operating activities increased by 60.3% year-on-year, indicating a notable enhancement in cash generation capability. The Company achieved positive adjusted net profit for the first time in the fourth quarter of 2025, marking a milestone breakthrough as it embarks on a path of profitable growth.

The announcement data shows that in 2025, CaoCao Mobility's average monthly active users reached 41.3 million, up 43.9% year-on-year, while average monthly active drivers reached 631,000, up 35.4% year-on-year. The platform's economies of scale continued to strengthen, laying a solid foundation for sustainable growth in the future.

AI has become a core engine for improving the quality and efficiency of the CaoCao Mobility's operations. According to the announcement, "CaoCao Brain", its operational decision-making system, has continuously optimized algorithms using AI technologies to enhance dispatching efficiency, thereby driving improved profitability.

The transformation to Robotaxi has been fully accelerated. Leveraging its three-in-one development strategy of "intelligent purpose-built vehicles + intelligent driving technology + intelligent operations", the Company has become one of the few global technology mobility platforms with full Robotaxi capabilities. In February 2025, the Company launched the CaoCao Smart Mobility autonomous driving platform in Suzhou and Hangzhou, and commenced the deployment and pilot verification of its Robotaxi 1.0 solution. In December 2025, the Company unveiled its Robotaxi 2.0 full-stack solution and began rolling out its second-generation Robotaxi vehicles to explore the transition from safety drivers in the driver's seat to fully unmanned operations. The solution also comprises an intelligent fulfillment platform with unmanned service capabilities, the CaoCao Smart Mobility remote access service ("RAS") platform, an intelligent asset management system and a smart cockpit. As of the date of the announcement, CaoCao had deployed over 100 Robotaxis.

Meanwhile, the world's first Green Intelligent Mobility Hub has officially entered operation in Hangzhou's Binjiang District. The facility integrates automated battery swapping, automated cleaning, in-vehicle tidying, intelligent dispatching and automated settlement, and also reserves eVTOL take-off and landing pads and charging interfaces. CaoCao has developed a replicable construction standard for the hub. In the future, city-level hubs are expected to enable seamless connectivity between Robotaxis and Aerofugia's eVTOL aircraft, supported by Geespace's low-Earth-orbit satellite network, which provides ubiquitous communications coverage and high-precision positioning data broadcasts--together contributing to an integrated "sky-ground-space" mobility blueprint.

In addition, the Company continued to advance its purpose-built vehicle strategy. As of December 31, 2025, it owned and operated over 38,000 purpose-built vehicles in 31 cities, reinforcing its advantages in asset management and fleet operations. Backed by its high-quality services, CaoCao Mobility was ranked No.1 for "best service quality" among leading shared mobility platforms in China across nine quarterly user surveys from the fourth quarter of 2023 to the fourth quarter of 2025.

Looking ahead to 2026, CaoCao plans to accelerate the development of its Robotaxi business and deploy more vehicles both domestically and internationally. The Company intends to gradually expand to more Chinese cities to achieve large-scale Robotaxi operations, while planning to deploy Robotaxis in international markets and explore Robotaxi business development in Hong Kong. The Company has entered into a strategic cooperation with the Abu Dhabi Investment Office and established a business unit to expand its overseas Robotaxi business. It will apply its proven platform operations, intelligent dispatching and asset management capabilities matured in the Chinese market to the global market, and rapidly replicate its "intelligent purpose-built vehicles + intelligent driving technology + intelligent operations" model in suitable markets with the support of Geely Holding Group's global network.

Going forward, CaoCao will continue to work closely with Geely Holding Group and business partners to accelerate the development of fully purpose-built Robotaxi vehicles, which are scheduled to debut this year. The Company plans to deploy a total of 100,000 such vehicles by 2030 and launch commercial operations globally.

Contact Details

Organization: Caocao Inc.

Contact Person: Jing Liu

Website: http://caocao.com.cn

Email: Send Email [https://dashboard.kingnewswire.com/release-contact/43257]

City: Hongzhou

Country: China

Release Id: 31032643257

The post CaoCao Inc. Releases 2025 Results - Achieves First Positive Adjusted Profit in Q4 appeared first on King Newswire. This content is provided by a third-party source. King Newswire is a press release distribution agency. We do not accept any responsibility or liability for the accuracy, content, images, videos, licences, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright concerns related to this article, please contact the company listed in the 'Media Contact' section above.

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. king Newswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact support@kingnewswire.com

This release was published on openPR.