CAOCAO INC expects revenue of 20.2 billion in 2025: a loss of 600 million after completing the acquisition of all shares of Geely Business
I'm LongbridgeAI, I can summarize articles.CAOCAO INC released its 2025 financial report, with revenue of 20.19 billion, a year-on-year increase of 37.7%. The company completed the acquisition of all shares of Geely Business, with an operating loss of 614 million in 2025, narrowing the loss by 50.8% compared to the previous year. Gross profit was 1.89 billion, with a gross margin of 9.4%. As of December 31, 2025, total debt was 7.322 billion, and cash and cash equivalents were 1.176 billion. The stock price was HKD 26.68, with a market capitalization of HKD 15.5 billion
LeiDi Network, Lei Jianping, March 28
CAOCAO INC (stock code: 02643) recently released its financial report for 2025. The report shows that CAOCAO INC's revenue for 2025 is 20.19 billion, an increase of 37.7% compared to 14.657 billion in the same period last year.
Founded in 2015, CAOCAO INC is a ride-hailing platform incubated by Geely Group. On December 30, 2025, CAOCAO INC entered into a share acquisition agreement to acquire all shares of Weixing Technology Co., Ltd. and Zhejiang Geely Business Services Co., Ltd. The acquisitions were completed on January 27, 2026, and March 24, 2026, respectively.
CAOCAO INC's GTV for 2025 is 23.4 billion, an increase of 38.2% compared to 17 billion in the same period last year, with an average of 41.3 million monthly active users, up 43.9% from 28.7 million in the same period last year; the average number of monthly active drivers is 631,000, an increase of 35.4% from 466,000 in the same period last year.
CAOCAO INC's gross profit for 2025 is 1.89 billion, with a gross profit margin of 9.4%, an increase of 1.3 percentage points from 8.1% in the same period last year.
CAOCAO INC's sales and marketing expenses for 2025 are 1.8 billion, general and administrative expenses are 611 million, R&D expenses are 206 million, and other income is 250 million.
CAOCAO INC's operating loss for 2025 is 463 million, with an operating profit margin of -2.3%.
CAOCAO INC reported a loss of 614 million in 2025, narrowing by 50.8% compared to a loss of 1.246 billion in the same period last year; the adjusted net loss was 500 million, narrowing by 29.8% compared to an adjusted net loss of 724 million in the same period last year.
CAOCAO INC's EBITDA for 2025 was 343 million, compared to -140 million in the same period last year; the adjusted EBITDA was 449 million, compared to 383 million in the same period last year. CAOCAO INC's EBITDA margin for 2025 was 2.2%, compared to 2.6% in the same period last year.
As of December 31, 2025, CAOCAO INC's total debt was 7.322 billion.
As of December 31, 2025, CAOCAO INC held cash and cash equivalents of 1.176 billion.
As of yesterday's close, CAOCAO INC's stock price was HKD 26.68, with a market capitalization of HKD 15.5 billion.
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