Cheche management says H1 2026 revenue slide reflects business portfolio restructuring, net loss widens to RMB 44.1 million
CCG•CCG•CCG•CCG•General and administrative expense rose 55.4% to RMB 57.9 million, driven by a RMB 35.1 million credit-loss allowance on long-aged receivables.
Net loss widened to RMB 44.1 million from RMB 25.6 million, while adjusted net loss widened to RMB 37.7 million from RMB 10.5 million.
Operating cash outflow narrowed to RMB 2.3 million from RMB 8.6 million, helped by a RMB 445.7 million drop in accounts receivable.
Cheche management said a business portfolio restructuring contributed to a 34.4% decline in six-month net revenues to RMB 885 million from RMB 1.35 billion a year earlier.
Cost of revenues fell 35.5% to RMB 827.6 million, which left gross profit at RMB 57.5 million, compared with RMB 65.8 million in the prior-year period.
