CHENQI TECH has announced its full-year financial results for 2025. During the reporting period, the company recorded total revenue of 5.286 billion yuan, representing a year-on-year increase of 114.6%. Both the annual order volume and gross transaction value achieved double growth, while profit improved by 48.1%. The company reported a gross profit of 628 million yuan, up 395.3% compared to the previous year, with the gross margin rising to 11.9%. All three of its main business segments—mobility services, technical services, and fleet sales and maintenance—achieved double-digit gross margins.
The company's total revenue increased from 2.463 billion yuan in 2024 to 5.286 billion yuan in 2025, a growth of 114.6%. This expansion was primarily driven by the continued deepening of partnerships with third-party mobility service platforms and the implementation of a regional expansion strategy, which helped boost the gross transaction value of mobility services from 2.979 billion yuan to 6.426 billion yuan.
CHENQI TECH's profitability improved significantly in 2025. The company's gross profit surged by 395.3% from 127 million yuan in 2024 to 628 million yuan, while the gross margin increased by 6.8 percentage points from 5.1% to 11.9%. Profit also saw a substantial improvement of 48.1%. The company's main business operations include mobility services, technical services—such as AI data and model solutions and high-precision mapping—and fleet sales and maintenance. All three business segments achieved double-digit gross margins in 2025. The company attributed the increase in the mobility services gross margin from 5.0% to 11.7% to factors including higher user traffic and increased order volume.
In 2025, CHENQI TECH's mobility services recorded 233 million orders, a 106.2% increase from 113 million orders in 2024. The gross transaction value rose from 2.979 billion yuan to 6.426 billion yuan, an increase of approximately 115.7%, while the average transaction value per order increased from 26.4 yuan to 27.6 yuan. As the core revenue driver, mobility services generated revenue of 5.097 billion yuan in 2025, up 131.8% from 2.199 billion yuan in 2024.
Through cost optimization efforts, CHENQI TECH achieved double-digit reductions in several expense categories. In 2025, general and administrative expenses decreased by 18.1% year-on-year to 111 million yuan, while financial costs fell by 48.9% to 905,000 yuan.
As part of its strategy to develop a second growth curve, CHENQI TECH made significant progress in its Robotaxi business in 2025. The company employs a hybrid operating model that combines ride-hailing services with human drivers and Robotaxi services, ensuring a seamless user experience while gradually advancing the commercialization of autonomous driving technology. In terms of technological investment, the company allocated 40% of the funds raised from its global offering—approximately 393 million Hong Kong dollars—to this sector. In 2025, around 135 million Hong Kong dollars were invested, with the remaining 180 million Hong Kong dollars scheduled for deployment in 2026 and beyond. On March 19, CHENQI TECH announced that over 100 new Robotaxi vehicles, delivered by Pony.ai, had joined its Robotaxi fleet. With this addition, the total number of Robotaxi vehicles operated by the company expanded to approximately 600.
Alongside the rapid development of its core ride-hailing business, CHENQI TECH's technical services segment also recorded significant growth in both revenue and gross margin. According to the company's disclosures, AI data service products and solutions were the primary contributors to this segment's revenue. In 2025, revenue from technical services reached 160 million yuan, a 487.4% increase from 27.274 million yuan in 2024, making it the company's fastest-growing business segment. The proportion of revenue from technical services rose rapidly from 1.1% to 3.0%, with a gross margin of 14.8%.
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