Cheche management says H1 2026 revenue slide reflects business portfolio restructuring, net loss widens to RMB 44.1 million

• Cheche management commentary flagged a portfolio restructuring that cut six-month net revenues 34.4% to RMB 885 million from RMB 1.35 billion.
• Cost of revenues fell 35.5% to RMB 827.6 million, lifting gross profit to RMB 57.5 million from RMB 65.8 million.
• 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; 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.

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