Cheche Group Inc.
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About the company
Cheche Group is a technology platform for auto insurance services based in China. The company has developed a data-driven platform that provides a suite of services and products for digital insurance transactions and offers insurance Software-as-a-Service (SaaS) solutions, connecting insurance carriers, intermediaries, and consumers.
- CEO
- Lei Zhang
- IPO
- 2023
- Employees
- 469
- HQ
- Beijing, BE, CN
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $37.40M
- P/E
- -13.44
- Fwd P/E
- 5.11
- PEG
- -0.10
- P/S
- 0.08
- P/B
- 0.76
- EV/EBITDA
- -11.56
- Div Yield
- 0.00%
- Gross Margin
- 5.52%
- Op Margin
- -0.69%
- Net Margin
- -0.59%
- ROE
- -5.11%
- ROIC
- -4.49%
Latest fiscal year · YoY change
- Revenue
- $3.01B-13.3%
- Gross Profit
- $160.36M+1.0%
- Op Income
- $-19,008,000
- Net Income
- $-17,789,000+71.0%
- EPS
- $-7.35+72.7%
- OCF Growth
- +64.5%
- FCF Growth
- +64.9%
- 52W High
- $17.99
- 52W Low
- $0.34
- 50D MA
- $6.70
- 200D MA
- $2.27
- Beta
- 0.18
- RSI (14)
- 54
- Avg Volume
- 122.88K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Cheche delivered its first full-year adjusted profitability as NEV mix growth pressured revenue but lifted gross profit and margins.· April 2, 2026
- Full-year 2025 adjusted net income was RMB 11.6 million, versus an adjusted net loss of RMB 24.8 million a year ago.
- Total written premiums rose 11% in 2025 to RMB 27 billion, while net revenue fell 13.3% to RMB 3.0 billion because NEV business carries lower fee rates.
- Gross profit increased to RMB 160.4 million for the full year, even as revenue declined, reflecting a better business mix.
- NEV written premiums grew 91.0% year over year to RMB 6.3 billion for 2025 and reached 23.4% of total written premium.
- Management raised 2026 guidance for RMB 28.0 billion to RMB 30.0 billion of total written premiums, RMB 10.5 billion to RMB 12.0 billion of NEV premiums, and said adjusted net income should multiply several fold.
For the second half of 2025, net revenue was RMB 1.7 billion, down 9.4% year over year; gross profit was RMB 94.6 million, up 0.5%; operating income was RMB 6.1 million versus an operating loss of RMB 9.3 million; and net income was RMB 7.8 million versus a net loss of RMB 6.4 million. For full-year 2025, net revenue was RMB 3.0 billion, down 13.3%; gross profit was RMB 160.4 million, up 1%; operating loss narrowed 68.6% to RMB 20.9 million; and adjusted net income was RMB 11.6 million versus an adjusted net loss of RMB 24.8 million. Full-year total written premiums increased 11% to RMB 27 billion, and NEV written premiums reached RMB 6.3 billion, up 91.0%. For 2026, management guided to net revenue of RMB 3.0 billion to RMB 3.2 billion, total written premiums of RMB 28.0 billion to RMB 30.0 billion, NEV written premiums of RMB 10.5 billion to RMB 12.0 billion, and said adjusted net income should multiply several fold versus 2025.
Lei Zhang framed 2025 as a turning point, saying the company validated its business model and strategy transformation despite fee-rate pressure from rapid NEV growth. He emphasized the shift from a transactional insurance platform toward an AI-powered ecosystem, with AI pricing, anti-fraud, risk control, and renewal tools helping expand take rates and improve long-term margins. He also highlighted deeper OEM partnerships, including 16 NEV manufacturers, and said Cheche is preparing a meaningful advance in AI-driven auto pricing and expanding internationally.
Sandra Ji focused on the mix shift and its financial impact: NEV premiums were 23.4% of full-year written premiums, up from 13.6% a year ago, which helped gross margin but reduced net revenue because NEV service fees are lower. She cited lower costs across the board, with full-year operating expenses down 19.6% to RMB 181.2 million and adjusted operating expenses down 17.0% to RMB 156.9 million. She also noted cash, cash equivalents, restricted cash, and short-term investments of RMB 170.8 million as of December 31, 2025, and guided 2026 to RMB 3.0 billion to RMB 3.2 billion in net revenue and RMB 28.0 billion to RMB 30.0 billion in total written premiums.
Analysts focused on what is driving the strong 2026 NEV premium outlook, how AI is reducing internal costs, and how the company’s international fintech solutions work. Lei answered that AI is being used across R&D and the insurance workflow, from pricing and risk assessment to claims inspection and loss assessment, with the goal of shifting auto insurance from static pricing to dynamic risk management. On international expansion, he said Cheche already has activity in Australia, New Zealand, Latin America, and the Middle East through partnerships with Chinese automakers such as GAC, Chery, BYD, and Great Wall Motor.
The call showed clear operating leverage: premiums grew while costs fell, and Cheche reached full-year adjusted profitability for the first time as a public company. Management also sounded confident that AI tools, NEV data, and deeper OEM relationships can support higher renewal penetration and better margins over time.
Revenue is still under pressure because the mix is shifting toward lower-fee NEV premiums, and management explicitly said this created a net-revenue headwind in 2025. The international expansion and AI monetization plans are still early, and the company acknowledged it will invest selectively only where it sees a clear path to profitability.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 38.3%
- Shares Outstanding
- 2.36M
- Float Shares
- 904.37K
of shares held by institutions
2 13F filers
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Manulife Investment Management (Us) LLC | 240.03K | ▲ 34.20K |
| Manulife Investment Management (North America) Ltd | 13.19K | ▲ 782 |
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Mar 18, 26 | Ren Huichuan | other | 0 |
| Mar 16, 26 | Zhou Jianxiang | other | 0 |
| Mar 16, 26 | Zhou Jianxiang | other | 0 |
| Mar 16, 26 | Zhou Jianxiang | other | 3,000 |
| Mar 16, 26 | Zhang Lei | other | 0 |
| Mar 16, 26 | Zhang Lei | other | 0 |
| Mar 16, 26 | Rong Shengwen | other | 0 |
| Mar 16, 26 | Rong Shengwen | other | 0 |
| Mar 16, 26 | Liu Yanjun Jayla | other | 0 |
| Mar 16, 26 | Liu Yanjun Jayla | other | 0 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
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Recent articles, reports, and earnings notes.
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Generate CCG report →Cheche Group Regains Compliance with Nasdaq Minimum Bid Price Requirement
prnewswire.com · Aug 5
Cheche Group Announces 35-for-1 Share Consolidation
prnewswire.com · Jul 17
Cheche Group Inc. Granted Additional 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule
prnewswire.com · Jul 15
Cheche Group Launches "Cheche Score," a Proprietary AI-Powered Dynamic Pricing Model
prnewswire.com · Jun 24
Cheche Group Launches "ABAO Agent," an AI-Powered Intelligent Underwriting Solution
prnewswire.com · Jun 22
Cheche Group Announces Results of Extraordinary General Meeting
prnewswire.com · Jun 12
Cheche Group Inc. Announces Notice of Intent by Founder and CEO Lei Zhang to Purchase Company Shares
prnewswire.com · May 28
Cheche Group Launches AI Large Model-Driven Intelligent Connected Vehicle Pricing Product, Solidifying its Market Position
prnewswire.com · May 28
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