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Stock impact report

Cheche Group Reports Third Quarter 2023 Unaudited Financial Results

Cheche Group Inc. (CCG) 
Company Research Source: PR Newswire
BEIJING, Jan. 31, 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 third quarter ended September 30, 2023.Financial and Operational HighlightsNet revenues for the quarter increased 10.5% year-over-year to RMB823.3 million (US$112.8 million), while net revenues for the first nine months of 2023 increased 27.7% over the comparable prior year period to RMB2.4 billion (US$333.6 million). Net loss of RMB55.4million (US$7.6 million) increased by RMB27.6 million over the prior-year quarter, while net loss for the first nine months of RMB127.6 million (USD17.5 million) increased 43.6% over the comparable prior-year period.Adjusted net loss(1) for the quarter decreased by 96.4%, from RMB15.6 million in the prior-year period to RMB0.6 million (US$0.1 million), while adjusted net loss for the first nine months of 2023 decreased by 49.2%, from RMB55.8 Show less Read more
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