Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ:
HUIZ), a leading digital insurance product and service platform for
new generation consumers in China, today announced its unaudited
financial results for the first half and second quarter ended June
30, 2021.
First Half 2021 Highlights
- Gross
Written Premiums (“GWP”) facilitated on
our platform increased by 72.7% to RMB2.06 billion (US$319.1
million) from RMB1.19 billion in the first half of 2020. Of the
total GWP facilitated, first year premiums (“FYP”) accounted for
RMB1.19 billion (57.9%) and renewal premiums accounted for RMB868.8
million (42.1%).
- Operating
revenue increased by 97.1% to RMB953.6 million (US$147.7
million), from RMB483.7 million in the first half of 2020.
- Cumulative
number of insurance clients served increased to
approximately 7.2 million, and cumulative number of insured clients
reached approximately 60.3 million as of June 30, 2021.
- We cooperated with
88 insurer partners, including 54 life and health
insurance companies, and 34 property & casualty insurance
companies as of June 30, 2021.
Second Quarter 2021
Highlights:
-
GWP facilitated on our platform increased by 12.1%
to RMB668.0 million (US$103.5 million) from RMB596.0 million in the
second quarter of 2020.
- Operating
revenue decreased by 7.0% to RMB218.6 million (US$33.9
million) from RMB235.0 million in the second quarter of 2020.
CEO comments
“We are excited to achieve record highs in both
gross written premiums of RMB2.06 billion and operating revenue of
RMB953.6 million in the first half of this year,” said Cunjun Ma,
Founder and CEO of Huize. “We have continued to leverage our data
insights and AI technologies to co-develop highly desirable
products with our insurer partners and create longer-term
engagements with our customers. With our 97.1% year-over-year
top-line growth and continued leadership in the market, we expect
to achieve full year 2021 revenue of RMB1.7 billion.”
“China’s insurance industry is still in an
emerging and rapidly growing stage, and we believe that many more
will become first-time buyers of life and health insurance in
future decades. The industry is facing great challenges and
opportunities. Given the average age of our insurance clients of 33
years old and over 95% persistency rates, Huize is well-positioned
to capture the opportunity and poised to see continued growth in
our business for years to come.”
“On August 17, 2021, we announced a US$5 million
Management Share Purchase Plan by the management team. This program
strongly demonstrates our long-term confidence and commitment in
our business.”
First Half 2021 Financial Results
GWP and operating revenue
GWP facilitated was RMB2.06 billion (US$319.3
million) in the first half of 2021, an increase of 72.7% from the
same period of 2020. Of the total GWP facilitated in the first half
of 2021, first year premiums (“FYP”) accounted for RMB1.19 billion
(57.9%) and renewal premiums accounted for RMB868.8 million
(42.1%).
Operating revenue was RMB953.6 million (US$147.7
million) in the first half of 2021, an increase of 97.1% from
RMB483.7 million in the same period of 2020. The increase in
operating revenue was primarily driven by the 72.7% increase in the
total GWP facilitated.
Operating costs
Operating costs were RMB709.9 million (US$109.9
million) in the first half of 2021, an increase of 145.5% from
RMB289.2 million in the same period of 2020. The increase was
primarily due to the expansion of marketing channels to acquire
user traffic.
Operating expenses
Selling expenses were RMB154.8 million (US$24.0
million) in the first half of 2021, an increase of 53.1% from
RMB101.1 million in the same period of 2020. This increase was
primarily due to an increase in headcount, as well as an increase
in advertising and marketing expenses, offset by a decrease in
share-based compensation expenses. General and administrative
expenses were RMB94.5 million (US$14.6 million) in the first half
of 2021, an increase of 14.5% from RMB82.5 million in the same
period of 2020. This increase was primarily due to rental increase
from office expansion, as well as an increase in the salaries and
employment benefits for general and administrative staff, offset by
a decrease in share-based compensation expenses.
Research and development expenses were RMB44.6
million (US$6.9 million) in the first half of 2021, an increase of
104.6% from RMB21.8 million in the same period of 2020, primarily
due to an increase in the number of R&D personnel.
Net loss and Non-GAAP net loss for the
period
Net loss in the first half of 2021 was RMB48.7
million (US$7.5 million), compared to a net loss of RMB6.0 million
in the same period of 2020. Non-GAAP net loss in the first half of
2021 was RMB44.5 million (US$6.9 million), compared to non-GAAP net
profit of RMB36.3 million in the first half of 2020. The increase
in net loss was primarily due to our increased marketing expansion
and customer acquisition strategies, as well as increased
investment in technology.
Cash and cash equivalents
As of June 30, 2021, the combined balance of the
Company’s cash and cash equivalents amounted to RMB430.7 million
(US$66.7 million), compared to RMB404.6 million as of December 31,
2020.
Second Quarter 2021 Financial Results
GWP and operating revenue
GWP facilitated on our platform was RMB668.0 million (US$103.5
million) in the second quarter of 2021, an increase of 12.1% from
RMB596.0 million in the same period of 2020.
Operating revenue was RMB218.6 million (US$33.9
million) in the second quarter of 2021, a decrease of 7% from
RMB235.0 million in the same period of 2020. The decrease was
primarily due to a 5.1% decrease in FYP facilitated, which was
RMB303.2 million in the second quarter of 2021, offset by a 32.0%
increase in renewal premiums of RMB364.8 million in the second
quarter of 2021.
Operating costs
Operating costs were RMB152.4 million (US$23.6
million) in the second quarter of 2021, an increase of 8.5% from
RMB140.5 million in the same period of 2020. The increase was
primarily due to higher marketing channel cost.
Operating expenses
Selling expenses were RMB77.9 million (US$12.1
million) in the second quarter of 2021, an increase of 62.0% from
RMB48.1 million in the same period of 2020. This increase was
primarily due to an increase in headcount, and an increase in
advertising and marketing expenses, offset by a share-based
compensation expenses write-back. General and administrative
expenses in the second quarter of 2021 were RMB40.4 million (US$6.3
million), a decrease of 7.1% from RMB43.5 million in the same
period of 2020. This decrease was primarily due to a write-back in
share-based compensation expenses, offset by an increase in the
salaries and employment benefits for general and administrative
staff.
Research and development expenses in the second
quarter of 2021 was RMB25.7 million (US$4.0 million), an increase
of 142.5% from RMB10.6 million in the same period of 2020, due to
an increase in the number of R&D personnel.
Net loss and Non-GAAP net loss for the
period
Net loss in the second quarter of 2021 was
RMB77.2 million (US$12.0 million), compared to a net loss of RMB3.7
million in the same period of 2020. Non-GAAP net loss in the second
quarter of 2021 was RMB83.3 million (US$12.9 million), compared to
non-GAAP net profit of RMB14.1 million in the same period of
2020.
Recent Developments
On August 17, 2021, the Company announced that
its Board of Directors (“the Board”) has approved the Management
Share Purchase Plan, pursuant to which Cunjun Ma, Founder and CEO,
and certain other members of the Company’s management team intend
to allocate their personal funds to purchase up to an aggregate
of US$5 million worth of the Company’s ADSs during a
six-month period following the date of announcement. The Management
Share Purchase Plan demonstrates our confidence and commitment in
our business.
Business Outlook
Based on our preliminary assessment of the
current market conditions, we currently expect total operating
revenue for the full year of 2021 to be RMB1.7 billion, or
approximately US$263 million, an increase of approximately 40%
year-over-year. This forecast reflects the Company’s current and
preliminary views on the market and operational conditions, which
are subject to change as a result of various market uncertainties,
including those related to the ongoing COVID-19 pandemic, both
globally and in China.
Letter to Shareholders
1H2021
Complete operating results and management
commentary can be found in the Company’s shareholder letter:
https://huizeholding.gcs-web.com/static-files/76b6fd62-6ba5-4b40-b941-3f0f9586b198
Conference Call
The Company’s management team will hold a Direct
Event conference call on Thursday, September 9, 2021, at 8:00 A.M.
Eastern Time (or 8:00 P.M. Beijing Time on the same day) to discuss
the financial results. Details for the conference call are as
follows:
Event
Title: |
Huize Holding
Limited First Half and Second Quarter 2021 Earnings Conference
Call |
Conference ID: |
#5845267 |
Registration Link: |
http://apac.directeventreg.com/registration/event/5845267 |
All participants must use the link provided
above to complete the online registration process in advance of the
conference call. Upon registering, each participant will receive a
set of participant dial-in numbers, the Direct Event passcode, and
a unique access PIN, which can be used to join the conference
call.
A replay of the conference call will be
accessible through September 17, 2021, by dialing the following
numbers:
International: |
+61-2-8199-0299 |
Mainland China Toll Free: |
400-632-2162 |
United States Toll Free: |
+1-855-452-5696 |
Hong Kong, China Toll Free: |
800-963-117 |
A live and archived webcast of the conference
call will also be available at the Company’s investor relations
website at ir.huize.com.
About Huize Holding Limited
Huize Holding Limited is a leading digital
insurance product and service platform for new generation consumers
in China. Targeting the younger generation, Huize is dedicated to
serving its insurance clients for their life-long insurance needs.
Leveraging its online platform, Huize offers a wide variety of
insurance products with a focus on long-term life and health
insurance products, and empowers its insurer partners to reach a
large fragmented client base in the insurance retail market
efficiently and enhance their insurance sales. Huize provides
insurance clients with digitalized insurance experience and
services, including suitable product recommendations, consulting
service, intelligent underwriting and assistance in claim
application and settlement, which significantly improve transaction
experience.
For more information, please visit http://ir.huize.com.
Use of Non-GAAP Financial Measure Statement
In evaluating our business, we consider and use
non-GAAP net profit/(loss) as a supplemental measure to review and
assess our operating performance. The presentation of the non-GAAP
financial measure is not intended to be considered in isolation or
as a substitute for the financial information prepared and
presented in accordance with U.S. GAAP. We define non-GAAP net
profit/(loss) as net profit/(loss) excluding share-based
compensation expenses and interest on convertible bond. Such
adjustments have no impact on income tax because either the
non-GAAP adjustments were recorded at entities located in tax free
jurisdictions, such as the Cayman Islands or because the non-GAAP
adjustments were recorded at operating entities located in the PRC
for which the non-GAAP adjustments were not deductible for tax
purposes.
We present the non-GAAP financial measure
because it is used by our management to evaluate our operating
performance and formulate business plans. Non-GAAP net
profit/(loss) enables our management to assess our operating
results without considering the impact of share-based compensation
expenses and the interest on convertible bond. We also believe that
the use of this non-GAAP financial measure facilitates investors’
assessment of our operating performance.
This non-GAAP financial measure is not defined
under U.S. GAAP and is not presented in accordance with U.S. GAAP.
The non-GAAP financial measure has limitations as an analytical
tool. One of the key limitations of using adjusted net
profit/(loss) is that it does not reflect all items of income and
expense that affect our operations. Further, the non-GAAP financial
measure may differ from the non-GAAP financial information used by
other companies, including peer companies, and therefore their
comparability may be limited.
The non-GAAP financial measure should not be
considered in isolation or construed as an alternative to net
profit/(loss) or any other measure of performance or as an
indicator of our operating performance. Investors are encouraged to
review the historical non-GAAP financial measure in light of the
most directly comparable GAAP measure, as shown below. The non-GAAP
financial measure presented here may not be comparable to similarly
titled measure presented by other companies. Other companies may
calculate similarly titled measures differently, limiting the
usefulness of such measures when analyzing our data comparatively.
We encourage investors and others to review our financial
information in its entirety and not rely on a single financial
measure.
Exchange Rate Information
This announcement contains translations of
certain RMB amounts into U.S. dollars at a specified rate solely
for the convenience of the reader. Unless otherwise noted, all
translations from RMB to U.S. dollars and from U.S. dollars to RMB
are made at a rate of RMB6.4566 to US$1.00, the exchange rate on
June 30, 2021 set forth in the H.10 statistical release of the
Federal Reserve Board. The Company makes no representation that the
RMB or U.S. dollars amounts referred could be converted into U.S.
dollars or RMB, as the case may be, at any particular rate or at
all.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about Huize’s beliefs and expectations, are
forward-looking statements. These forward-looking statements can be
identified by terminology such as “will,” “expects,” “anticipates,”
“future,” “intends,” “plans,” “believes,” “estimates,” “confident”
and similar statements. Among other things, business outlook and
quotations from management in this announcement, contain
forward-looking statements. Huize may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Huize’s goal and strategies; Huize’s expansion plans;
Huize’s future business development, financial condition and
results of operations; Huize’s expectation regarding demand for,
and market acceptance of, its online insurance products; Huize’s
expectations regarding its relationship with insurer partners and
insurance clients and other parties it collaborates with; general
economic and business conditions; and assumptions underlying or
related to any of the foregoing.
Further information regarding these and other
risks is included in Huize’s filings with the SEC. All information
provided in this press release is as of the date of this press
release, and Huize does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please
contact:
Investor Relationsinvestor@huize.com
Media Relationsmediacenter@huize.com
Christensen
In ChinaMs. Constance ZhangPhone: +86 138-1645-1798E-mail:
czhang@christensenir.com
In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email:
lbergkamp@ChristensenIR.com
|
Huize Holding LimitedUnaudited
Consolidated Balance Sheets(all amounts in thousands,
except for share and per share data) |
|
|
|
As of December 31 |
|
As of June 30 |
|
|
2020 |
|
2021 |
|
|
RMB |
|
RMB |
|
USD |
Assets |
|
|
|
|
|
|
Current
assets |
|
|
|
|
|
|
Cash and cash equivalents |
|
404,618 |
|
|
430,738 |
|
|
66,713 |
|
Restricted cash |
|
324,330 |
|
|
173,004 |
|
|
26,795 |
|
Contract Assets |
|
216 |
|
|
739 |
|
|
114 |
|
Accounts receivables, net of allowance for impairment |
|
232,589 |
|
|
131,182 |
|
|
20,318 |
|
Insurance premium receivables |
|
1,974 |
|
|
1,240 |
|
|
192 |
|
Amounts due from related parties |
|
251 |
|
|
248 |
|
|
38 |
|
Prepaid expense and other receivables |
|
44,377 |
|
|
69,061 |
|
|
10,697 |
|
Investments accounted for at fair value |
|
- |
|
|
1,709 |
|
|
265 |
|
Total current
assets |
|
1,008,355 |
|
|
807,921 |
|
|
125,132 |
|
|
|
|
|
|
|
|
Non-current
assets |
|
|
|
|
|
|
Property, plant and equipment, net |
|
10,251 |
|
|
13,607 |
|
|
2,107 |
|
Intangible assets, net |
|
2,030 |
|
|
7,331 |
|
|
1,135 |
|
Deferred tax assets |
|
605 |
|
|
605 |
|
|
94 |
|
Investments accounted for at fair value |
|
- |
|
|
6,094 |
|
|
944 |
|
Long-term investments |
|
46,084 |
|
|
50,033 |
|
|
7,749 |
|
Operating lease right-of-use assets |
|
267,352 |
|
|
261,568 |
|
|
40,512 |
|
Goodwill |
|
461 |
|
|
1,407 |
|
|
218 |
|
Other assets |
|
838 |
|
|
10,476 |
|
|
1,623 |
|
Total non-current
assets |
|
327,621 |
|
|
351,121 |
|
|
54,382 |
|
Total
assets |
|
1,335,976 |
|
|
1,159,042 |
|
|
179,514 |
|
|
|
|
|
|
|
|
Current
liabilities |
|
|
|
|
|
|
Short-term borrowings |
|
31,540 |
|
|
116,490 |
|
|
18,042 |
|
Accounts payable |
|
227,532 |
|
|
134,296 |
|
|
20,800 |
|
Insurance premium payables |
|
187,219 |
|
|
68,890 |
|
|
10,670 |
|
Other payables and accrued expenses |
|
31,153 |
|
|
28,395 |
|
|
4,398 |
|
Payroll and welfare payable |
|
63,919 |
|
|
68,832 |
|
|
10,661 |
|
Income taxes payable |
|
2,440 |
|
|
2,440 |
|
|
378 |
|
Operating lease liabilities |
|
12,763 |
|
|
15,016 |
|
|
2,325 |
|
Total current
liabilities |
|
556,566 |
|
|
434,359 |
|
|
67,274 |
|
|
|
|
|
|
|
|
|
Non-current
liabilities |
|
|
|
|
|
|
Long-term borrowings |
|
53,860 |
|
|
45,690 |
|
|
7,076 |
|
Deferred tax liabilities |
|
605 |
|
|
605 |
|
|
94 |
|
Operating lease liabilities |
|
252,106 |
|
|
260,684 |
|
|
40,375 |
|
Payroll and welfare payable |
|
4,156 |
|
|
2,513 |
|
|
389 |
|
Total non-current
liabilities |
|
310,727 |
|
|
309,492 |
|
|
47,934 |
|
Total
liabilities |
|
867,293 |
|
|
743,851 |
|
|
115,208 |
|
|
|
|
|
|
|
|
Shareholders’
equity |
|
|
|
|
|
|
Class A common shares |
|
62 |
|
|
62 |
|
|
10 |
|
Class B common shares |
|
10 |
|
|
10 |
|
|
2 |
|
Treasury stock |
|
(2,063 |
) |
|
(9,545 |
) |
|
(1,478 |
) |
Additional paid-in capital |
|
884,920 |
|
|
891,233 |
|
|
138,034 |
|
Accumulated other comprehensive income |
|
(21,972 |
) |
|
(25,639 |
) |
|
(3,971 |
) |
Accumulated deficit |
|
(392,274 |
) |
|
(440,930 |
) |
|
(68,291 |
) |
Total shareholders’
equity |
|
468,683 |
|
|
415,191 |
|
|
64,306 |
|
Total liabilities
and shareholders’ equity |
|
1,335,976 |
|
|
1,159,042 |
|
|
179,514 |
|
|
|
|
|
|
|
|
|
|
|
|
Huize Holding LimitedUnaudited
Consolidated Statements of Comprehensive Income (all
amounts in thousands, except for share and per share data) |
|
|
For the Three Months Ended June 30, |
|
For the Six Months Ended June 30, |
|
2020 |
|
2021 |
|
2020 |
|
2021 |
|
RMB |
|
|
RMB |
|
|
USD |
|
|
RMB |
|
|
RMB |
|
|
USD |
|
Operating
revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brokerage income |
234,177 |
|
|
217,268 |
|
|
33,650 |
|
|
481,866 |
|
|
949,898 |
|
|
147,120 |
|
Other income |
828 |
|
|
1,353 |
|
|
210 |
|
|
1,832 |
|
|
3,704 |
|
|
574 |
|
Total operating
revenue |
235,005 |
|
|
218,621 |
|
|
33,860 |
|
|
483,698 |
|
|
953,602 |
|
|
147,694 |
|
Operating costs and
expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
(139,849 |
) |
|
(151,969 |
) |
|
(23,537 |
) |
|
(287,645 |
) |
|
(708,665 |
) |
|
(109,758 |
) |
Other cost |
(616 |
) |
|
(418 |
) |
|
(65 |
) |
|
(1,535 |
) |
|
(1,189 |
) |
|
(184 |
) |
Total operating
costs |
(140,465 |
) |
|
(152,387 |
) |
|
(23,602 |
) |
|
(289,180 |
) |
|
(709,854 |
) |
|
(109,942 |
) |
Selling expenses |
(48,118 |
) |
|
(77,853 |
) |
|
(12,058 |
) |
|
(101,072 |
) |
|
(154,829 |
) |
|
(23,980 |
) |
General and administrative expenses |
(43,476 |
) |
|
(40,399 |
) |
|
(6,257 |
) |
|
(82,463 |
) |
|
(94,460 |
) |
|
(14,630 |
) |
Research and development expenses |
(10,627 |
) |
|
(25,742 |
) |
|
(3,987 |
) |
|
(21,814 |
) |
|
(44,575 |
) |
|
(6,904 |
) |
Total operating costs
and expenses |
(242,686 |
) |
|
(296,381 |
) |
|
(45,904 |
) |
|
(494,529 |
) |
|
(1,003,718 |
) |
|
(155,456 |
) |
Operating
income/(loss) |
(7,681 |
) |
|
(77,760 |
) |
|
(12,044 |
) |
|
(10,831 |
) |
|
(50,116 |
) |
|
(7,762 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
income/(expenses) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expenses |
(206 |
) |
|
(657 |
) |
|
(102 |
) |
|
(619 |
) |
|
(877 |
) |
|
(136 |
) |
Unrealized exchange gain/(loss) |
(5 |
) |
|
(9 |
) |
|
(1 |
) |
|
(38 |
) |
|
(11 |
) |
|
(2 |
) |
Investment income/(loss) |
- |
|
|
(482 |
) |
|
(75 |
) |
|
- |
|
|
(241 |
) |
|
(37 |
) |
Others, net |
4,897 |
|
|
1,402 |
|
|
217 |
|
|
5,983 |
|
|
4,040 |
|
|
625 |
|
Profit before income
tax, and share of income/(loss) of equity method
investee |
(2,995 |
) |
|
(77,506 |
) |
|
(12,005 |
) |
|
(5,505 |
) |
|
(47,205 |
) |
|
(7,312 |
) |
Income tax expense |
(731 |
) |
|
1,529 |
|
|
237 |
|
|
(819 |
) |
|
- |
|
|
- |
|
Share of income/(loss) of equity method investee |
- |
|
|
(1,200 |
) |
|
(186 |
) |
|
299 |
|
|
(1,451 |
) |
|
(225 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
profit/(loss) |
(3,726 |
) |
|
(77,177 |
) |
|
(11,954 |
) |
|
(6,025 |
) |
|
(48,656 |
) |
|
(7,537 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net profit/(loss)
attributable to Huize Holding Limited |
(3,726 |
) |
|
(77,177 |
) |
|
(11,954 |
) |
|
(6,025 |
) |
|
(48,656 |
) |
|
(7,537 |
) |
Redeemable preferred shares redemption value accretion |
- |
|
|
- |
|
|
- |
|
|
(4,274 |
) |
|
- |
|
|
- |
|
Allocation to redeemable preferred shares |
- |
|
|
- |
|
|
- |
|
|
1,074 |
|
|
- |
|
|
- |
|
Net loss attributable
to common shareholders |
(3,726 |
) |
|
(77,177 |
) |
|
(11,954 |
) |
|
(9,225 |
) |
|
(48,656 |
) |
|
(7,537 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
profit/(loss) |
(3,726 |
) |
|
(77,177 |
) |
|
(11,954 |
) |
|
(6,025 |
) |
|
(48,656 |
) |
|
(7,537 |
) |
Foreign currency translation adjustment, net of tax |
(1,028 |
) |
|
(4,890 |
) |
|
(757 |
) |
|
3,495 |
|
|
(3,667 |
) |
|
(568 |
) |
Comprehensive
income/(loss) |
(4,754 |
) |
|
(82,067 |
) |
|
(12,711 |
) |
|
(2,530 |
) |
|
(52,323 |
) |
|
(8,105 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive
income/(loss) attributable to Huize Holding Limited |
(4,754 |
) |
|
(82,067 |
) |
|
(12,711 |
) |
|
(2,530 |
) |
|
(52,323 |
) |
|
(8,105 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of common shares used in computing net profit/(loss) per
share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted |
1,015,971,202 |
|
|
1,021,197,639 |
|
|
1,021,197,639 |
|
|
904,708,668 |
|
|
1,022,075,704 |
|
|
1,022,075,704 |
|
Net income/(loss) per
share attributable to common shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted |
(0.00 |
) |
|
(0.08 |
) |
|
(0.01 |
) |
|
(0.01 |
) |
|
(0.05 |
) |
|
(0.01 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Huize Holding LimitedUnaudited
Reconciliations of GAAP and Non-GAAP Results(all amounts
in thousands, except for share and per share data) |
|
|
|
For the Three Months Ended June 30, |
|
For the Six Months Ended June 30, |
|
|
2020 |
|
2021 |
|
2020 |
|
2021 |
|
|
RMB |
|
RMB |
|
USD |
|
RMB |
|
RMB |
|
USD |
Net
profit/(loss) |
|
(3,726 |
) |
|
(77,177 |
) |
|
(11,954 |
) |
|
(6,025 |
) |
|
(48,656 |
) |
|
(7,537 |
) |
Share-based compensation expenses |
|
17,828 |
|
|
(6,119 |
) |
|
(948 |
) |
|
42,326 |
|
|
4,108 |
|
|
636 |
|
Non-GAAP net
profit/(loss) |
|
14,102 |
|
|
(83,296 |
) |
|
(12,902 |
) |
|
36,301 |
|
|
(44,548 |
) |
|
(6,901 |
) |
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