TUHU Car Inc logo

TUHU Car Inc

9690.HK

HKSEConsumer CyclicalAuto - Parts

Latest quote

HK$11.45

−HK$0.54 · -4.50%

Aug 24, 4:08 PM HKT

9690.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

TUHU Car Inc., along with its subsidiaries, functions as a comprehensive online-to-offline (O2O) platform delivering a wide array of automotive services across China. Its extensive offerings include a range of automotive products like tires, chassis components, and general auto accessories. Beyond retail, it provides comprehensive vehicle services such as routine maintenance (including fluid changes, battery replacements, and various maintenance accessories), auto repair, detailed car cleaning, and installation services. Furthermore, TUHU supports other participants within its ecosystem by offering business-to-business (B2B) services. These include advertising opportunities, franchising models, and specialized SaaS (Software as a Service) solutions tailored for various automotive businesses operating on its platform. Consumers can access these diverse automotive products and services through multiple channels. These encompass digital touchpoints like the dedicated Tuhu automotive service app, its official website, and a Weixin (WeChat) mini-program, complemented by a robust network of physical offline stores. Established in 2011, TUHU's headquarters are located in Shanghai, China.

Industry
Auto - Parts
Sector
Consumer Cyclical
Headquarters
CN
CEO
Min Chen
Listed since
Sep 26, 2023
Employees
4,657

Market position

Day range

Current HK$11.45

52-week range

Current HK$11.45

Open
HK$11.61
Previous close
HK$11.99
Volume
6.14M
6.62× average
Average volume
927.01K
Average daily volume
Market cap
8.69B HKD
Beta
-0.54
Market reference 1
50-day average
HK$12.4442
-7.99% below average
200-day average
HK$14.279
-19.81% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
9.46B CNY
P/E (TTM)
19.25×
P/B (TTM)
2.27×
P/S (TTM)
0.45×
EV / EBITDA
23.81×
Earnings yield
3.45%
Free cash flow yield
7.79%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
24.10%
Operating margin
1.53%
Net margin
2.55%
Return on equity
8.31%
Return on assets
3.11%
Return on invested capital
4.23%

Financial health

Debt / equity
0.06×
Current ratio
1.16×
Altman Z-score
0.72
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends59%20%-20%-60%Gross margin, FY2021: 15.95%Gross margin, FY2022: 19.66%Gross margin, FY2023: 24.70%Gross margin, FY2024: 25.38%Gross margin, FY2025: 24.10%Operating margin, FY2021: -11.21%Operating margin, FY2022: -6.62%Operating margin, FY2023: 1.19%Operating margin, FY2024: 2.24%Operating margin, FY2025: 1.53%Net margin, FY2021: -49.82%Net margin, FY2022: -18.50%Net margin, FY2023: 49.28%Net margin, FY2024: 3.28%Net margin, FY2025: 2.55%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 15.95%. Gross margin FY2022 19.66%. Gross margin FY2023 24.70%. Gross margin FY2024 25.38%. Gross margin FY2025 24.10%. Operating margin FY2021 -11.21%. Operating margin FY2022 -6.62%. Operating margin FY2023 1.19%. Operating margin FY2024 2.24%. Operating margin FY2025 1.53%. Net margin FY2021 -49.82%. Net margin FY2022 -18.50%. Net margin FY2023 49.28%. Net margin FY2024 3.28%. Net margin FY2025 2.55%.

Income trends

Revenue

16.46B CNY+11.54%

Operating income

252.21M CNY-23.81%

Net income

420.39M CNY-13.10%
Income trends across reported periods18.69B CNY9.77B CNY850.08M CNY−8.07B CNYRevenue, FY2021: 11.72B CNYRevenue, FY2022: 11.55B CNYRevenue, FY2023: 13.6B CNYRevenue, FY2024: 14.76B CNYRevenue, FY2025: 16.46B CNYOperating income, FY2021: −1.31B CNYOperating income, FY2022: −763.92M CNYOperating income, FY2023: 161.52M CNYOperating income, FY2024: 331.03M CNYOperating income, FY2025: 252.21M CNYNet income, FY2021: −5.84B CNYNet income, FY2022: −2.14B CNYNet income, FY2023: 6.7B CNYNet income, FY2024: 483.79M CNYNet income, FY2025: 420.39M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 11.72B CNY. Revenue FY2022 11.55B CNY. Revenue FY2023 13.6B CNY. Revenue FY2024 14.76B CNY. Revenue FY2025 16.46B CNY. Operating income FY2021 −1.31B CNY. Operating income FY2022 −763.92M CNY. Operating income FY2023 161.52M CNY. Operating income FY2024 331.03M CNY. Operating income FY2025 252.21M CNY. Net income FY2021 −5.84B CNY. Net income FY2022 −2.14B CNY. Net income FY2023 6.7B CNY. Net income FY2024 483.79M CNY. Net income FY2025 420.39M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue16.46B CNY14.76B CNY13.6B CNY11.55B CNY11.72B CNY
Cost of goods sold12.49B CNY11.01B CNY10.24B CNY9.28B CNY9.85B CNY
Gross profit3.97B CNY3.75B CNY3.36B CNY2.27B CNY1.87B CNY
Research and development763.66M CNY639.79M CNY579.62M CNY621.37M CNY619.58M CNY
Selling, general, and administrative2.42B CNY2.27B CNY2.13B CNY1.94B CNY1.31B CNY
Operating expenses3.72B CNY3.41B CNY3.2B CNY3.04B CNY3.2B CNY
Interest income171.38M CNY183.42M CNY128.51M CNY56.93M CNY63.5M CNY
Interest expense11.65M CNY15.7M CNY18.82M CNY27.88M CNY57.94M CNY
Depreciation and amortization175.58M CNY161.17M CNY361.51M CNY363.78M CNY304.52M CNY
Operating income252.21M CNY331.03M CNY161.52M CNY−763.92M CNY−1.31B CNY
Net income420.39M CNY483.79M CNY6.7B CNY−2.14B CNY−5.84B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
30%
3 beats, 7 misses, 0 met estimates
Average EPS surprise
-11.09%
10 comparable reports
Latest EPS result
0.23
Estimate 0.3 · Miss by 23.09%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.510.360.210.07Q2 '24MissQ3 '24MissQ1 '25BeatQ3 '25MissQ3 '25MissQ1 '26MissQ3 '26MissQ1 '27Estimate
Q2 2024, reported May 29, 2024: actual 0.131, estimate 0.143, surprise -8.20%, Miss. Q3 2024, reported Aug 23, 2024: actual 0.43, estimate 0.441, surprise -2.43%, Miss. Q1 2025, reported Mar 20, 2025: actual 0.341, estimate 0.309, surprise +10.33%, Beat. Q3 2025, reported Aug 21, 2025: actual 0.438, estimate 0.449, surprise -2.45%, Miss. Q3 2025, reported Aug 30, 2025: actual 0.078, estimate 0.227, surprise -65.77%, Miss. Q1 2026, reported Mar 20, 2026: actual 0.39, estimate 0.467, surprise -16.67%, Miss. Q3 2026, reported Aug 21, 2026: actual 0.231, estimate 0.3, surprise -23.09%, Miss. Q1 2027, reported Mar 19, 2027: actual —, estimate 0.455, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates12.02B8.98B5.95B2.92BQ2 '24MissQ3 '24MissQ1 '25MissQ3 '25MissQ3 '25BeatQ1 '26BeatQ3 '26BeatQ1 '27Estimate
Q2 2024, reported May 29, 2024: actual 3.43B HKD, estimate 3.74B HKD, surprise -8.21%, Miss. Q3 2024, reported Aug 23, 2024: actual 7.66B HKD, estimate 7.74B HKD, surprise -1.08%, Miss. Q1 2025, reported Mar 20, 2025: actual 8.12B HKD, estimate 8.14B HKD, surprise -0.18%, Miss. Q3 2025, reported Aug 21, 2025: actual 8.63B HKD, estimate 8.67B HKD, surprise -0.41%, Miss. Q3 2025, reported Aug 30, 2025: actual 4.69B HKD, estimate 4.23B HKD, surprise +10.92%, Beat. Q1 2026, reported Mar 20, 2026: actual 9.55B HKD, estimate 9.4B HKD, surprise +1.60%, Beat. Q3 2026, reported Aug 21, 2026: actual 10.13B HKD, estimate 10.09B HKD, surprise +0.44%, Beat. Q1 2027, reported Mar 19, 2027: actual —, estimate 11.38B HKD, surprise —, Comparison unavailable.

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