Company: SDAWW
Filing Date: 2025-10-27
Form Type: 6-K
Source: 0001213900-25-102611
Chunk: 41

Company: SunCar Technology Group Inc.
Filing Date: 2025-10-27
Form: 6-K
Chunk 41
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chnology service revenue increased by 11% from US$21.9 million for the six months ended June 30, 2024 to US$24.3 million for the six months ended June 30, 2025. With growing demands to efficiently manage their businesses, more enterprise customers are now paying for our online tools to streamline their business workflows, manage their customer relationships and automate orders processing. With the iterative upgrades of our technology, we are working on developing a SaaS model product offering and plan to gradually turn our enterprise customers into our technology service customers. Through the application of our Private Cloud Platform, our development process was simplified, and we can easily integrate various tools for software development, testing, operations and maintenance. This has strengthened our software platform and increased its business capacity to better serve the customers’ needs. 7 Auto service.Auto service revenue decreased by 7% from US$107.5 million for the six months ended June 31, 2024 to US$100.1 million for the six months ended June 30, 2025. The decrease was driven by our deliberate decision to discontinue certain low-margin businesses in the first half of 2025 and the accompanying decrease of service orders. Operating costs and expenses.Operating costs and expenses decreased by 15% from US$261.7 million for the six months ended June 30, 2024 to US$223.5 million for the six months ended June 30, 2025, which is mainly caused by the reduction of share-based compensation of US$62.0 million happened in 2024. Integrated service cost.Integrated service cost decreased by 6% from US$107.6 million for the six months ended June 30, 2024 to US$101.5 million for the six months ended June 30, 2025. The decrease of integrated service costs was in line with the decrease of revenue in auto service revenue. Promotional service expenses. Promotional service expenses increased by 32% from US$71.1 million for the six months ended June 30, 2024 to US$94.1 million for the six months ended June 30, 2025. The increase in promotional service expenses was in line with the increase of revenue in our auto eInsurance service. Selling expenses. Selling expenses increased by 8% from US$10.2 million for the six months ended June 30, 2024 to US$11.0 million for the six months ended June