Company: SDAWW
Filing Date: 2025-02-04
Form Type: 6-K
Source: 0001213900-25-010076
Chunk: 34

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 34
---
:-----|--------:|:----|----:|:--|
| Auto service            |     | $                                       | 147,527 |     |  59 | % |     | $    | 159,555 |     |  51 | % |
| Auto eInsurance service |     |                                         |  78,842 |     |  31 | % |     |      | 119,108 |     |  38 | % |
| Technology service      |     |                                         |  24,094 |     |  10 | % |     |      |  34,046 |     |  11 | % |
| Total                   |     | $                                       | 250,463 |     | 100 | % |     | $    | 312,709 |     | 100 | % |

Auto service.We provide customized auto services to our enterprise clients, which ultimately serve their end-customers. These services include regular maintenance as well as reserved services such as car wash, oil change, tire repair, car beautification, road assistance, flight pickup, designated driving, VIP lounge, etc. We charge the service fee either based on the number of service items completed at a fixed price per item, or, charges for the service coupons with limited duration term sold, regardless whether services have been performed. We act as a principal as we control the right to services before providing them to end customers. Therefore, we recognize revenue in the gross amount of consideration at the point of time when the service is provided, or when the service coupons with limited duration term expired. Auto eInsurance service.We provide auto eInsurance service distributing automobile insurance products on behalf of insurance companies. Auto eInsurance services are considered to be rendered and completed and revenue is recognized at the time an insurance policy becomes effective, i.e. when the signed insurance policy is in place and the premium is collected from the insured. We recognize revenue when the premiums are collected by the respective insurance companies, because collectability is not ensured until receipt of the premium. Accordingly, we do not accrue any commission and fees prior to the receipt of the relevant premiums. Technology service.We operate our technology service business by providing technical software and consulting related to automobile services and insurance, including modular online management tools such as customer relationship management, order management, finance management and visual analysis systems. For use of our technology services, we charge technology service fees based on fixed prices per service period (usually one month) for service provided, and recognize revenue over