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Stock impact report

Cheche Group Reports First Quarter 2024 Unaudited Financial Results [Yahoo! Finance]

Cheche Group Inc. (CCG) 
Company Research Source: Yahoo! Finance
platform, today announced its unaudited financial results for the first quarter ended March 31, 2024 Financial and Operational Highlights Net revenue s for the quarter increased 1.0% year-over-year to RMB787.1 million US$109.0 million Net loss for the quarter decreased 28.8% year-over-year to RMB31 .3 million ( US$4.3 million Adjusted net loss for the quarter increased by RMB4.4 million , from RMB7.8 million in the prior-year period to RMB12.2 million US$1 .7 million). Total written premiums placed for the quarter increased 9.2% year-over-year to RMB5.4 billion US$751 .1 million). Total number of polic i es issued for the quarter increased 21.2% from 3.3 million for the prior-year quarter to 4.0 million. Partnerships with New Energy Vehicle (NEV) companies in the quarter led to 119,000 policies embedded in new NEV deliveries and corresponding written premium of RMB370.3 million US$51 .3 million) with 11 partnerships with NEV manufacturers, representing an increase of 124 Show less Read more
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