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Stock impact report

Cheche Group Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Cheche Group Inc. (CCG) 
Company Research Source: PR Newswire
BEIJING, March 28, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche", "the Company" or "we"), China's leading auto insurance technology platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.Financial and Operational HighlightsNet revenues for the quarter increased 12.1% year-over-year to RMB867.8 million (US$122.2 million), while net revenues for the full year of 2023 increased 23.2% over the prior year to RMB3.3 billion (US$465.0 million).Net loss for the quarter increased by RMB29.8million year-over-year to RMB32.0 million (US$4.5 million), while net loss for the full year of 2023 increased 75.3% over the prior year to RMB159.6 million (US$22.5 million).Adjusted net loss(1) for the quarter was RMB4.9 million (US$0.7 million), compared to adjusted net profit of RMB4.2 million in the prior-year quarter. Adjusted net loss for the full year of 2023 decreased by 35.7%, from RMB51.6 million in the prior year to Show less Read more
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