Cao Cao Mobility Hits Profitability as Revenue Grows 38%

Edgen Stock

·Mar 27 2026, 13:07

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Key Takeaways

Cao Cao Mobility reported a landmark financial year for 2025, achieving substantial revenue growth and its first-ever quarterly adjusted net profit. The results, announced on March 27, signal improving operational efficiency and a stronger competitive position in the ride-hailing market.

Strong Top-Line Growth: Full-year revenue for 2025 increased by 38% year-over-year to 20.2 billion RMB.
Profitability Milestone: The company recorded its first-ever adjusted net profit in the fourth quarter of 2025, marking a significant operational turning point.
Improved Financial Health: Gross margin expanded to 9.4%, and net operating cash flow grew by 60.3% from the previous year.

Revenue Climbs 38% to Reach Profitability Milestone

Cao Cao Mobility (02643.HK) announced a significant operational turnaround in its 2025 performance report released on March 27. The ride-hailing company's revenue climbed 38% year-over-year to reach 20.2 billion RMB. The most critical development was the firm achieving its first-ever adjusted net profit in the fourth quarter of 2025, a key milestone that demonstrates a path to sustainable operations after years of investment and expansion.

Margin Expands to 9.4% on Strong Cash Flow

The company's path to profitability was driven by notable gains in operational efficiency. Cao Cao Mobility's gross margin increased by 1.3 percentage points to 9.4% for the year, indicating improved unit economics per ride. This bottom-line strength was reinforced by a substantial 60.3% year-over-year increase in net operating cash flow. The combination of margin expansion and robust cash generation suggests the company's business model is effectively scaling, providing a solid financial foundation for future competition.