## Cao Cao's 2025 financial report: Q4 first adjusted net profit is right and custom barriers drive Robotaxi's global layout to speed up.
The release of Cao Cao's year-round performance (02643.HK) in 2025, which generated $20.2 billion a year-on-year growth of 38 per cent, is even more critical as the first adjusted net profit conversion in the fourth quarter marks the formal departure of companies from the old model of "bringing money for scale" that is common in the industry of shared mobility, moving into a new phase of scale-and-profit expansion. In terms of financial quality, the company's Māori ratio rose from 8.1 per cent in 2024 to 9.4 per cent, an increase of 1.3 percentage points; net losses were significantly reduced by 50.8 per cent over the same period; net cash flows from operating activities increased by 60.3 per cent compared to the same year, with a significant increase in self-blooded capacity. The scope of the platform also expanded simultaneously: an average of 41.3 million active users per month (43.9 per cent as compared with the same figure) and 631,000 active drivers per month on average (35.4 per cent). At the soft power level, its autonomous decision-making system for the operation of Cao Cao's brain continues to evolve, significantly increasing operating efficiency and asset utilization by optimizing order matching with vehicle movement algorithms. At the hard power level at the end of 2025, companies had more than 38,000 customized vehicles owned by themselves in 31 cities, making up the largest custom fleet in the country. For example, Cao ' s 60-car fleet, its total holding cost per kilometre could be about 0.47, a reduction of about 40 per cent compared to the mainstream pure motor vehicle model, generating higher incomes for drivers and releasing more profitable spaces for platforms. In the domestic market, Cao Cao’s trip was evaluated in nine user surveys from Q4 to Q4, 2025, as China’s main shared platform, the “service best.” By acquiring the high-end travel service and the proposed acquisition of the Jili Business Brigade, the company is building a one-stop service platform covering individuals and businesses, from standard to high-level travel to business travel. In 2025, the company signed a memorandum of strategic cooperation with the Abu Dhabi Investment Office (ADIO), the core of which was to export Cao Cao's large-scale certified "electricity and replacement vehicle + efficient platform operation" solution in the Chinese market to Abu Dhabi, and to explore Robotaxi technology piloting and deployment. This marks the potential for overseas replication of its "smart custom car plus smart driver plus smart operation" model. Robotaxi's operation was fully accelerated in 2025. In February, the Autopilot platform "Cao Cao" was launched in Suzhou and Hangzhou, initiating a pilot validation phase of Robotasi 1.0; in December, the Robotxi 2.0 solution was released, delivering a second generation of vehicles with a higher degree of integration, and the RAS remote safety service platform, which assumes the responsibility of remote security monitoring and taking over, officially transitioned from the "safeguard" phase to "remote escort, final automation". Up to the announcement, the company had deployed more than 100 Robotaxi units and launched more than 3600 Robotavi virtual drop-off points in the Hangzhou River and Shashan centres. In 2025, the first global collection of automatic power switching, cleaning, dispatching, and one-stopped "Green Smart Passage" was launched in Hangzhou, not only to support Robotaxi's efficient transport, but also to set aside eVTOL landing pads for initial visualization of future urban stereo traffic hubs. The company also proposed a strategic goal of "10 billion cities" to achieve a cumulative total of $100 billion in 100 cities around the world over the next decade, and plans to put in a cumulatively customized version of 100,000 Robotavi by 2030. The core advantage of Cao Cao's mission is that it is a global technology platform with three core elements: "smart custom cars, smart driving techniques, smart operating" and creates a "Cao Cact model" that is difficult to replicate by competitors.
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- **Source**: 曹操出行
- **Sector**: The Network
- **Tags**: 曹操出行, Robotaxi, 自动驾驶, 盈利拐点, 定制车, 阿布扎比, 吉利, 共享出行
- **Credibility**: unverified
- **Published**: 2026-04-04 02:19:43
- **ID**: 49692
- **URL**: https://whisperx.ai/en/intel/49692