BRIEF: Tuhu’s revenue growth accelerates slightly in second half of 2025

After-sales car services provider Tuhu Car Inc. (9690.HK) on Friday reported its revenue rose 11.5% last year to 16.5 billion yuan ($2.39 billion), as its profit for the year fell 13% to 419 million yuan. But its adjusted profit, which excludes certain non-cash items, rose 12.2% to 700 million yuan last year from 624 million yuan in 2024.

The company said its revenue rose 12.5% in the second half of the year to 8.58 billion yuan, outpacing the full-year growth rate, indicating Tuhu’s growth accelerated slightly in the final six months of 2025. Among its key metrics, Tuhu had 8,008 workshops at the end of last year, up 16.5% from 6,874 at the end of 2024. Its transacting users rose 17.7% year-on-year to 28.4 million in 2025 from 24.1 million the previous year.

“Amid the continuous consumer preference shift towards affordability, we attracted more consumers through diversified product capabilities and proactive pricing strategies,” the company said.

Tuhu’s shares opened lower on Monday after the results announcement and were down 11.4% at HK$12.10 in mid-afternoon trading. The stock is down about 33% over the last 52 weeks.

By Doug Young

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