Chenqi Technology Doubles Mobility Volume as 2025 Losses Narrow on Surging Revenue

Chenqi Technology Ltd. ( (HK:9680) ) just unveiled an update.

Chenqi Technology reported a sharp acceleration in business scale for 2025, with revenue surging 114.6% year on year to RMB5.29 billion and gross profit jumping almost fivefold to RMB628 million, driven by rapid growth in its mobility services. Despite this, the company remained loss-making, though its loss from operations narrowed by nearly 40% and basic loss per share improved to RMB1.49, reflecting rising operating leverage as ride-hailing and Robotaxi volumes more than doubled.

Key operating metrics underscored the expansion of Chenqi’s platform, as gross transaction value for mobility services more than doubled to RMB6.43 billion and annual order volume rose to 233 million, with average daily orders climbing to around 639,000. The combination of strong top-line growth and moderating losses suggests the group is gaining scale and efficiency in China’s competitive mobility market, with implications for a potential path toward profitability if it can maintain volume growth and cost discipline.

The most recent analyst rating on (HK:9680) stock is a Sell with a HK$8.00 price target. To see the full list of analyst forecasts on Chenqi Technology Ltd. stock, see the HK:9680 Stock Forecast page.

More about Chenqi Technology Ltd.

Chenqi Technology Limited is a Hong Kong–listed company incorporated in the Cayman Islands that operates mobility services, including ride-hailing and Robotaxi offerings. The group focuses on China’s fast-growing digital transportation market, using technology-driven platforms to match riders and drivers and to deploy autonomous mobility solutions at scale.

Average Trading Volume: 14,567

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.88B

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