Is Cheche Group Inc. (CCGWW) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| DJIM | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| MSCI | 2.7% / 33% | 11.9% / 33% | 78.0% / 33% | 0.17% / 5% | ✗ NOT HALAL |
| S&P | N/A | N/A | N/A | N/A | ? INSUFFICIENT DATA |
| FTSE | 2.7% / 33% | 11.9% / 33% | 78.0% / 50% | 0.17% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 5.1% | |
| Operating Margin | -2.0% | |
| Net Margin | -1.0% | |
| Return on Equity (ROE) | -9.2% | |
| Return on Assets (ROA) | -2.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$114M |
| Free Cash Flow | -$116M |
| Total Debt | $35M |
| Debt-to-Equity | 38.9 |
| Current Ratio | 1.3 |
| Total Assets | $1.3B |
Price & Trading
| Last Close | $0.00 |
| 50-Day MA | $0.02 |
| 200-Day MA | $0.03 |
| Avg Volume | 1K |
| Beta | 0.4 |
|
52-Week Range
$0.02
| |
About Cheche Group Inc. (CCGWW)
Cheche Group Inc. provides auto insurance transaction services. The company offers digital insurance transaction products, such as Easy-Insur that provides a range of auto and non-auto insurance products underwritten by insurance carriers; and NEV Insurance Solution which assists NEV manufacturers in building a full-stack digital insurance service, including NEV insurance, one-click renewal, intelligent claims, business management, and interface operation and maintenance, as well as offers customized system deployment and one-stop operation services for various business models of NEV manufacturers. It also provides insurance SaaS solution products comprising Digital Surge, a cloud-based software for insurance intermediaries; and Sky Frontier, an AI-based software for auto insurance carriers. The company was founded in 2014 and is headquartered in Beijing, China.
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Frequently Asked Questions
Is Cheche Group Inc. (CCGWW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Cheche Group Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Cheche Group Inc.'s debt ratio?
Cheche Group Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 2.7%.
What are Cheche Group Inc.'s key financial metrics?
Cheche Group Inc. has a market capitalization of N/A, and revenue of $3.5B. The company maintains a gross margin of 5.1% and a net margin of -1.0%. Return on equity stands at -9.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.