Cheche Group Inc. (NASDAQ:CCG) is a leading auto insurance technology platform in China. The company is transitioning from a traditional insurance platform toward an AI-driven intelligent insurance ecosystem to strengthen its competitive position in the evolving Chinese insurance market.
On April 2, 2026, Cheche reported earnings for the second half and full year 2025. The company achieved a notable financial inflection point, posting positive net income in the second half of 2025 and recording its first full-year adjusted net profit as a public company.
Key Financial Highlights for 2025:
This turnaround was driven by disciplined cost control (operating expenses reduced ~19% year-over-year) and rapid expansion in the NEV segment. Cheche expanded its strategic partnerships with New Energy Vehicle companies to 16 OEM partnerships as of December 31, 2025. In the second half of 2025 alone, these NEV partnerships generated 1.2 million policies with corresponding written premiums of $532 million (RMB 3.7 billion), representing strong year-over-year growth.
CFO Wenting Ji highlighted the improved financial health and the company’s successful shift toward higher-quality NEV business.
Challenges and Outlook Despite the progress, Cheche still reported a full-year GAAP net loss and faced quarterly pressures, including negative EBITDA in certain periods. Cost of revenues for the full year was approximately $407.5 million (RMB 2.85 billion).
Looking ahead, management is optimistic about AI-powered pricing, anti-fraud tools, and further NEV penetration. The company provided 2026 guidance expecting net revenues of RMB 3.0–3.2 billion and a multi-fold increase in adjusted net income.
