Cheche (CCG) financial statements
Cheche reported revenue of 3.0B CNY in fiscal 2025, up 449.6% a year over 4 years.
Net income was -18M CNY and the operating margin -0.7%, against -4718.5% in 2021.
Free cash flow was -41M CNY.
The diluted share count rose 144% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions (CNY).
Income statement
Fiscal years, in CNY, from Cheche's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 3M CNY | 2.7B CNY | 3.3B CNY | 3.5B CNY | 3.0B CNY |
| Cost of revenue | 1.7B CNY | 2.5B CNY | 3.2B CNY | 3.3B CNY | 2.8B CNY |
| Gross profit | 81M CNY | 142M CNY | 140M CNY | 159M CNY | 160M CNY |
| Research and development | 47M CNY | 50M CNY | 57M CNY | 38M CNY | 37M CNY |
| Selling, general and admin | 190M CNY | 208M CNY | 251M CNY | 187M CNY | 144M CNY |
| Operating income | -156M CNY | -116M CNY | -168M CNY | -67M CNY | -21M CNY |
| Interest expense | 7M CNY | 3M CNY | 1M CNY | 838,000 CNY | 2M CNY |
| Pre-tax income | -147M CNY | -92M CNY | -160M CNY | -62M CNY | -18M CNY |
| Income tax | -522,000 CNY | -521,000 CNY | -363,000 CNY | -291,000 CNY | -406,000 CNY |
| Net income | -146M CNY | -91M CNY | -160M CNY | -61M CNY | -18M CNY |
| EPS (diluted) | -1.33 CNY | -8.79 CNY | -20.30 CNY | -0.78 CNY | -0.22 CNY |
| Diluted shares | 34M | 32M | 45M | 78M | 83M |
| Gross margin | 2448.8% | 5.3% | 4.2% | 4.6% | 5.3% |
| Operating margin | -4718.5% | -4.3% | -5.1% | -1.9% | -0.7% |
| Net margin | -4438.2% | -3.4% | -4.8% | -1.8% | -0.6% |
Balance sheet
Fiscal years, in CNY, from Cheche's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | 362M CNY | 40M CNY | 119M CNY | 53M CNY | 83M CNY |
| Receivables | — | 402M CNY | 466M CNY | 982M CNY | 1.1B CNY |
| Total current assets | — | 601M CNY | 780M CNY | 1.2B CNY | 1.4B CNY |
| Property, plant and equipment | — | 2M CNY | 2M CNY | 1M CNY | 831,000 CNY |
| Goodwill | — | 85M CNY | 85M CNY | 85M CNY | 85M CNY |
| Total assets | — | 712M CNY | 894M CNY | 1.3B CNY | 1.5B CNY |
| Total current liabilities | — | 344M CNY | 502M CNY | 878M CNY | 1.1B CNY |
| Long-term debt | — | — | — | — | 10M CNY |
| Total liabilities | — | 414M CNY | 516M CNY | 932M CNY | 1.1B CNY |
| Shareholders' equity | -1.0B CNY | -1.3B CNY | 378M CNY | 356M CNY | 355M CNY |
| Net debt | -362M CNY | -115M CNY | -243M CNY | -87M CNY | -44M CNY |
Cash flow
Fiscal years, in CNY, from Cheche's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -188M CNY | -159M CNY | -27M CNY | -114M CNY | -41M CNY |
| Capital spending | 2M CNY | 1M CNY | 549,000 CNY | 2M CNY | 75,000 CNY |
| Free cash flow | -189M CNY | -160M CNY | -27M CNY | -116M CNY | -41M CNY |
| Stock-based compensation | 19M CNY | 16M CNY | 110M CNY | 34M CNY | 24M CNY |
| Net borrowing | 169M CNY | -12M CNY | — | 5M CNY | — |
| Free cash flow margin | -5733.9% | -6.0% | -0.8% | -3.3% | -1.3% |
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What was Cheche's revenue in 2025?
3.0B CNY in fiscal 2025, from its 10-K filing.
How much free cash flow does Cheche generate?
-41M CNY in fiscal 2025 (operating cash flow minus capital spending).
From Cheche's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.