Higher utilization, reduced subsidy reliance, and improved efficiency lift margins as the company reports its first adjusted quarterly profit.
Written by Cheng Zi
Published on
30 Mar 2026
4 mins read
On March 27, CaoCao Mobility released its full-year 2025 results, adding to the case that the company may be at an inflection point. It now operates in 195 cities across China and reported RMB 20.2 billion (USD 2.9 billion) in 2025 revenue, up 38% year-on-year. Gross margin rose 1.3 percentage points to 9.4%.
The company leaned on cost reductions to deliver a full-year profit.
AI-related segments drove growth, supporting the company’s transition beyond IT distribution.
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