Cao Cao's revenue for the first half of the year was RMB 9.456 billion, a year-on-year increase of 53.5%.

Cao Cao Travel released its interim performance for the six months ending on June 30, 2025. The group achieved revenue of 9.456 billion yuan, an increase of 53.5% year-on-year; adjusted net loss of 330 million yuan, a decrease of 34% year-on-year; the company's attributable loss was 495 million yuan, a decrease of 35.45% year-on-year; basic loss per share was 1.09 yuan.