On March 28, 2024, the car insurance technology platform CheChe Technology (CCG.US) released its performance report for the year. According to the report, the company achieved a net operating income of 3.5 billion yuan, reflecting a year-on-year increase of 5.2%. The total premium scale reached 24.3 billion yuan, which is a 7.5% increase compared to the previous year. Notably, the premium for new energy vehicles amounted to 3.3 billion yuan, marking a remarkable year-on-year growth of 127.8%.
For the entire year of 2024, the company reported an adjusted net loss of 24.8 million yuan, which represents a 25.3% reduction in losses compared to 2023.
Looking ahead, the report forecasts that in 2025, the total premiums for new energy vehicles are expected to range between 7 billion and 8 billion yuan, with a year-on-year growth of 112% to 142%. Additionally, the company anticipates achieving a turnaround in its adjusted operating performance, moving from losses to profitability in 2025.
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