Hong Kong · Delayed Price · Currency is HKD TUHU Car Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 11.4% year-on-year to RMB 8.78 billion, with adjusted net profit at RMB 240 million. Store network and user base expanded rapidly despite industry headwinds, while gross margin declined to 23.3%. Cash reserves remain robust, and a dual listing is planned.
Fiscal Year 2025
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Record store expansion and user growth drove double-digit revenue gains, despite industry headwinds and margin pressure. AI and automation boosted efficiency, while overseas expansion and ESG initiatives advanced.
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Revenue grew 10.5% year-on-year to RMB 7.88 billion, with adjusted net profit up 14.6% and free cash flow up 32.2%. Store count and transaction users expanded strongly, while new energy vehicle and quick repair segments drove growth despite industry-wide price pressure and structural challenges.
Fiscal Year 2024
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Revenue grew 8.5% to CNY 14.8B and adjusted net profit rose 29.7% to CNY 620M, driven by user and store growth, NEV expansion, and proprietary products. Gross margin improved to 25.4%, and cash reserves reached CNY 7.5B.
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Revenue grew 9.3% year-over-year to CNY 7.13 billion, with adjusted net profit up 67% and gross margin rising to 25.9%. Store network and user base expanded significantly, while new energy services and digital operations drove further growth.