Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Cheche Group Inc. files with the SEC in its annual reports.
In CNY millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2023
FY2023
FY2024
FY2025
Revenue
1,735
2,679
3,301
3,473
3,010
Cost of revenue
1,655
2,537
3,161
3,314
2,849
Gross profit
80.8
142
140
159
160
Research and development
46.8
49.9
57.2
37.9
37.2
Selling and marketing
110
139
111
79.5
68.2
General and administrative
79.7
69.4
139
108
75.8
Operating expenses
237
2,795
308
225
181
Operating income
-156
-116
-168
-66.5
-20.9
Interest expense
6.52
3.3
1.45
0.84
2.28
Interest income
0.28
1.89
5.4
6.04
3.24
Other non-operating income
-0.32
-1.25
-0.13
-0.14
-1.96
Pre-tax income
-147
-91.5
-160
-61.5
-18.2
Income tax
-0.52
-0.52
-0.36
-0.29
-0.41
Net income
-146
-91
-160
-61.2
-17.8
EBITDA
-154
-114
-166
-64.4
-18.8
EPS, basic
-1.33
-8.79
-20.30
-0.78
-0.22
EPS, diluted
-1.33
-8.79
-20.30
-0.78
-0.22
Shares, basic (weighted)
33.8
31.8
45.4
78
82.6
Shares, diluted (weighted)
33.8
31.8
45.4
78
82.6
Balance sheet
FY2021
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
362
115
243
117
145
Short-term investments
34.8
21.5
35.4
0.23
Receivables
402
466
982
1,146
Other current assets
44.4
49.3
45.4
60.1
Total current assets
601
780
1,181
1,356
Property, plant and equipment
2.17
1.67
1.37
0.83
Lease right-of-use assets
14.7
10.2
5.65
6.45
Goodwill
84.6
84.6
84.6
84.6
Intangible assets
10.2
8.05
5.95
3.85
Other non-current assets
4.15
4.53
2.48
Total assets
713
894
1,288
1,475
Accounts payable
227
317
726
843
Accrued liabilities
0.54
0.79
1.59
0.55
Deferred revenue
8.7
0.89
4.3
1.78
1.04
Short-term debt
20
30
90.3
Total current liabilities
344
502
878
1,105
Long-term debt
9.8
Lease liabilities
6.23
5.4
2.14
0.8
Total liabilities
414
516
932
1,120
Total debt
9.8
Paid-in capital
0.03
2,492
2,526
2,550
Retained earnings
-1,259
-2,114
-2,175
-2,193
Treasury stock
-1.03
-1.03
-1.03
-1.03
Other comprehensive income
-0.07
1.15
6.09
-1.16
Shareholders' equity
-1,005
-1,261
378
356
355
Total equity
-1,005
-1,261
378
356
355
Total liabilities and equity
713
894
1,288
1,475
Shares outstanding
31.8
75.4
83
80.3
Cash flow statement
FY2021
FY2023
FY2023
FY2024
FY2025
Net income
-146
-91
-160
-61.2
-17.8
Depreciation and amortization
2.12
2.39
2.1
2.1
2.1
Stock-based compensation
18.5
16.2
110
33.9
24.4
Deferred income tax
-0.53
-0.53
-0.53
-0.53
-0.53
Change in receivables
-165
-116
-65.6
-520
-162
Change in payables
96.4
46.9
89.7
409
117
Cash from operations
-188
-159
-27
-114
-40.6
Capital expenditures
-1.63
-1.24
-0.55
-1.66
-0.08
Purchases of investments
-63.8
-182
-42.7
-186
-16.8
Cash from investing
-65.3
27.7
12.8
-15.6
35.4
Debt issued
176
5
Debt repaid
-7.29
-11.8
Stock issued
-206
0.1
Cash from financing
584
-159
140
1.95
55.4
Exchange rate effect
-1.91
42.8
2.23
1.87
-2.13
Net change in cash
329
-247
128
-126
48.1
Free cash flow
-189
-160
-27.5
-116
-40.6
Interest paid
10.5
2.58
0.9
0.58
2.02
Income taxes paid
0
0
0.16
0.23
0.12
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.
Profitability
Metric
Value
How it is calculated
Gross margin
5.3%
Gross profit / revenue.
Operating margin
-0.7%
Operating income / revenue.
EBITDA margin
-0.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-0.6%
Pre-tax income / revenue.
Net margin
-0.6%
Net income / revenue.
FCF margin
-1.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-1.3%
Cash from operations / revenue.
Return on equity (ROE)
-5.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-1.3%
Net income / average total assets.
Return on invested capital (ROIC)
-7.2%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
1.2%
Research and development expense / revenue.
Stock-based pay / revenue
0.8%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.0%
Capital expenditures / revenue.
D&A / revenue
0.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-13.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
4.0%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
1.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
4.1%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-0.2%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
14.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
27.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
5.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
37.5%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.23x
Current assets / current liabilities.
Quick ratio
1.17x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.13x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.03x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
0.7%
Total debt / total assets.
Liabilities / assets
75.9%
Total liabilities / total assets.
Net debt
-CN¥134.9M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-CN¥0.22
Net income per basic share, as reported (split-adjusted).
Revenue per share
CN¥36.45
Revenue / diluted weighted shares.
FCF per share
-CN¥0.49
Free cash flow / diluted weighted shares.
Operating cash flow per share
-CN¥0.49
Cash from operations / diluted weighted shares.
Book value per share
CN¥4.42
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
What was Cheche Group Inc.'s revenue in fiscal 2025?
Cheche Group Inc. reported revenue of CN¥3.01B for fiscal 2025, 13.3% lower than the year before.
Was Cheche Group Inc. profitable in fiscal 2025?
No. It reported a net loss of CN¥17.8M.
How much free cash flow did Cheche Group Inc. generate in fiscal 2025?
Cash from operations of CN¥40.6M minus capital expenditures of CN¥75.0K left free cash flow of -CN¥40.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.