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Dec 31, 2024
Cheche Group Q4 2024 Earnings Report
Cheche Group reported revenue growth and a significant reduction in operating and net losses in Q4 2024.
Key Takeaways
In Q4 2024, Cheche Group achieved $134.8 million in revenue, marking a 13.4% year-over-year increase. Operating loss narrowed sharply to $0.4 million, while net loss decreased to $1.4 million. The company also posted an adjusted net loss of $0.4 million, with strong growth in written premiums and policy volume.
Revenue rose 13.4% YoY to $134.8 million.
Operating loss narrowed by 93.7% YoY to $0.4 million.
Net loss decreased by 67.4% YoY to $1.4 million.
Adjusted net loss was $0.4 million, a 38.6% improvement YoY.
Revenue by Geographic Location
Forward Guidance
For FY 2025, Cheche expects revenues between $493M and $521M, and a return to adjusted operating profitability.
Positive Outlook
- Revenue expected to grow 3.7% to 9.4% YoY
- Total written premiums forecasted to rise up to 11.1%
- NEV written premiums projected to more than double
- Expecting shift from adjusted operating loss to profit
- Expanding partnerships across major NEV manufacturers
Challenges Ahead
- Foreign exchange losses impacted bottom line in Q4
- Ongoing cost pressures in administrative operations
- Adjusted net loss persists despite narrowed GAAP loss
- Listing-related and compliance costs still relevant
- Market uncertainties may affect premium growth
Historical Earnings Impact
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Avg. Return Before/After Earnings
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