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 second quarter ended June 30, 2022.
Second Quarter 2022 Financial and
Operational Highlights
- Strong
business performance: Gross Written Premiums (“GWP”)
facilitated on our platform in the second quarter of 2022 increased
by 30.5% to RMB871.8 million from RMB668.0 million in the second
quarter of 2021. First-year premiums (“FYP”) and renewal premiums
facilitated on our platform in the second quarter of 2022 increased
by 59.9% and 6.1% to RMB484.9 million and RMB386.9 million from
RMB303.2 million and RMB364.8 million in the second quarter of
2021, respectively.
- Resilient
revenue growth with effective cost control: Operating
revenue increased by 13.5% year-over-year to RMB248.2 million in
the second quarter of 2022. Operating expenses decreased by 17.6%
year-over-year to RMB118.6 million in the second quarter of
2022.
- Solid
balance sheet and liquidity: As of June 30, 2022, our cash
and cash equivalents amounted to RMB294.4 million (US$44.0
million).
- Cumulative
number of insurance clients served increased to
approximately 8.2 million, compared to 8.0 million in the first
quarter of 2022. We cooperated with 100 insurer
partners, including 57 life and health insurance companies
and 43 property & casualty insurance companies, as of June 30,
2022.
Mr. Cunjun Ma, Founder and CEO of Huize
commented, “We are very pleased to report another set of resilient
operating and financial results in the second quarter of 2022,
despite the challenging macro environment and disruptions caused by
regional pandemic restrictions in China. Our remarkable results
were underpinned by our proven ability to satisfy the long-term
insurance needs of emerging middle-class consumers through both
online and offline channels, and our successful execution on the
group-wide organizational structure optimization resulting in
continued cost savings during the quarter.
We continued to work with our insurer partners
to co-develop a wide range of long-term customized savings and
protection products which have received overwhelming demand from
our users. In the second quarter, GWP for co-developed insurance
products accounted for 59.6% of the total GWP facilitated on our
platform, and the GWP contribution of our long-term insurance
products remained above 90% for the eleventh consecutive quarter.
We maintain our guidance and expect to achieve quarterly
profitability in the second half of 2022, demonstrating our
confidence in the gradual recovery in total revenue and the
improving operating efficiency.
Last quarter, we set a strategic roadmap for the
next three years to build an omnichannel digital insurance service
ecosystem that integrates “Agents, Businesses, Customers (ABC)”. We
have achieved satisfactory progress in executing the “ABC” business
plans. To customers, the average ticket size of long-term savings
products, in terms of FYP, was over RMB44,000 in the second
quarter, demonstrating our ability to deepen engagement with our
high-value customers through our proven online platform, expanding
offline service coverage, as well as product innovation. To
businesses, we have developed and exported our technology to
insurance companies to support their digital customer relationship
management, underwriting risk management and insurance claims. To
agents, we have registered insurance agents covering Beijing,
Shanghai, Sichuan, Guangdong and Shenzhen. By empowering them with
diversified product offerings, digital business tools and customer
service support, FYP facilitated by the “To-A” business has reached
RMB56.6 million in the first 6 months of 2022. Going forward, we
believe the “ABC” business plans will provide us with tremendous
opportunities to enhance shareholder value and sustain our
long-term business growth.”
Second Quarter 2022 Financial Results
GWP and operating revenue
GWP facilitated on our platform was RMB871.8
million (US$130.2 million) in the second quarter of 2022, an
increase of 30.5% from RMB668.0 million in the same period of 2021.
Of the GWP facilitated in the second quarter of 2022, first year
premiums (“FYP”) accounted for RMB484.9 million (or 55.6% of total
GWP), an increase of 59.9% year-over-year. Renewal premiums
accounted for RMB386.9 million (or 44.4% of total GWP), an increase
of 6.1% year-over-year.
Operating revenue was RMB248.2 million (US$37.1
million) in the second quarter of 2022, an increase of 13.5% from
RMB218.6 million in the same period of 2021. The increase was
primarily driven by the increase in FYP facilitated.
Operating costs
Operating costs were RMB173.7 million (US$25.9
million) in the second quarter of 2022, an increase of 14.0% from
RMB152.4 million in the same period of 2021. The increase was
primarily due to higher marketing channel cost and was in line with
the increase in operating revenue.
Operating expenses
Selling expenses decreased by 23.6%
year-over-year to RMB59.5 million (US$8.9 million) in the second
quarter of 2022, compared with RMB77.9 million in the same period
of 2021, which was primarily due to a decrease in advertising and
marketing expenses, and a decrease in salaries and employment
benefits.
General and administrative expenses were RMB34.7
million (US$5.2 million) in the second quarter of 2022, a decrease
of 14.1% from RMB40.4 million in the same period of 2021. This
decrease was primarily due to a decrease in salaries and employment
benefits, and a decrease in rental and utilities expenses.
Research and development expenses were RMB24.3
million (US$3.6 million) in the second quarter of 2022, a decrease
of 5.4% from RMB25.7 million in the same period of 2021, primarily
due to a decrease in personnel costs.
Net loss attributable to common
shareholders and Non-GAAP net loss attributable to common
shareholders
Net loss in the second quarter of 2022 was
RMB39.4 million (US$5.9 million), compared to a net loss of RMB77.2
million in the same period of 2021. Non-GAAP net loss in the second
quarter of 2022 was RMB37.5 million (US$5.6 million), compared to
non-GAAP net loss of RMB83.3 million in the same period of
2021.
Cash and cash equivalents
As of June 30, 2022, the combined balance of the
Company’s cash and cash equivalents amounted to RMB294.4 million
(US$44.0 million), compared to RMB381.2 million as of December 31,
2021.
Share Repurchase Program
As of June 30, 2022, the Company had purchased
an aggregate of 357,257 ADSs for a total amount of approximately
US$0.5 million, under its share repurchase program pursuant to
which the Company has been authorized to repurchase up to US$5
million ADSs by March 18, 2023, as previously announced on March
18, 2022.
Business Outlook
Based on the Company’s preliminary assessment of
the current market conditions, the Company currently expects to
achieve quarterly profitability in the second half of 2022. 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.
Conference Call
The Company’s management team will hold an
earnings conference call at 8:00 A.M. Eastern Time on Friday,
September 23, 2022 (8:00 P.M. Beijing/Hong Kong Time on the same
day). Details for the conference call are as follows:
Event
Title: |
Huize Holding
Limited’s Second Quarter 2022 Earnings Conference Call |
Registration Link: |
https://register.vevent.com/register/BI359ba9005e66422bb7a2368c1574802a |
All participants must use the link provided
above to complete the online registration process in advance of the
conference call. Upon registration, each participant will receive a
confirmation email containing dial-in numbers and a unique access
PIN, which will be used to join the conference call.
Additionally, a live and archived webcast of the
conference call will also be available on the Company’s investor
relations website at http://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) attributable to common shareholders 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) attributable to
common shareholders as net profit/(loss) attributable to common
shareholders 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) attributable to common shareholders 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) attributable to common shareholders 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) attributable to common shareholders 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 RMB6.6981 to US$1.00, the exchange rate on
June 30, 2022, 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 the 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. Jasmine ZhuPhone: +852 2117 0861Email:
jasmine.zhu@christensencomms.com
In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email:
linda.bergkamp@christensencomms.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 |
|
|
2021 |
|
|
2022 |
|
|
RMB |
|
|
RMB |
|
|
USD |
|
Assets |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
381,158 |
|
|
294,390 |
|
|
43,951 |
|
Restricted cash |
|
183,408 |
|
|
125,222 |
|
|
18,695 |
|
Contract assets |
|
- |
|
|
59,066 |
|
|
8,818 |
|
Accounts receivables, net of allowance for impairment |
|
777,262 |
|
|
258,822 |
|
|
38,641 |
|
Insurance premium receivables |
|
1,217 |
|
|
1,099 |
|
|
164 |
|
Amounts due from related parties |
|
128 |
|
|
668 |
|
|
100 |
|
Deferred costs |
|
- |
|
|
1,715 |
|
|
256 |
|
Prepaid expense and other receivables |
|
77,511 |
|
|
101,432 |
|
|
15,143 |
|
Total current assets |
|
1,420,684 |
|
|
842,414 |
|
|
125,768 |
|
|
|
|
|
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
|
|
|
|
Restricted cash |
|
44,418 |
|
|
24,481 |
|
|
3,655 |
|
Contract assets |
|
- |
|
|
3,600 |
|
|
537 |
|
Property, plant and equipment, net |
|
48,461 |
|
|
43,485 |
|
|
6,492 |
|
Intangible assets, net |
|
21,626 |
|
|
54,095 |
|
|
8,076 |
|
Deferred tax assets |
|
605 |
|
|
605 |
|
|
90 |
|
Long-term investments |
|
73,001 |
|
|
77,912 |
|
|
11,632 |
|
Operating lease right-of-use assets |
|
247,819 |
|
|
233,531 |
|
|
34,865 |
|
Goodwill |
|
461 |
|
|
461 |
|
|
69 |
|
Other assets |
|
379 |
|
|
325 |
|
|
49 |
|
Total non-current assets |
|
436,770 |
|
|
438,495 |
|
|
65,465 |
|
Total assets |
|
1,857,454 |
|
|
1,280,909 |
|
|
191,233 |
|
|
|
|
|
|
|
|
|
|
|
Liabilities, Mezzanine Equity and Shareholders’
Equity |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Short-term borrowings |
|
216,710 |
|
|
251,240 |
|
|
37,509 |
|
Accounts payable |
|
680,369 |
|
|
251,452 |
|
|
37,541 |
|
Insurance premium payables |
|
124,019 |
|
|
45,766 |
|
|
6,833 |
|
Contract liabilities |
|
7,236 |
|
|
5,178 |
|
|
773 |
|
Provisions |
|
- |
|
|
334 |
|
|
50 |
|
Other payables and accrued expenses |
|
71,255 |
|
|
59,245 |
|
|
8,844 |
|
Payroll and welfare payable |
|
93,451 |
|
|
45,671 |
|
|
6,819 |
|
Income taxes payable |
|
2,440 |
|
|
2,440 |
|
|
364 |
|
Operating lease liabilities |
|
14,886 |
|
|
14,485 |
|
|
2,163 |
|
Amount due to related parties |
|
11,875 |
|
|
5,794 |
|
|
865 |
|
Total current liabilities |
|
1,222,241 |
|
|
681,605 |
|
|
101,761 |
|
|
|
|
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
|
|
|
|
Long-term borrowings |
|
20,000 |
|
|
- |
|
|
- |
|
Deferred tax liabilities |
|
4,892 |
|
|
13,096 |
|
|
1,955 |
|
Operating lease liabilities |
|
249,183 |
|
|
248,573 |
|
|
37,111 |
|
Payroll and welfare payable |
|
225 |
|
|
152 |
|
|
23 |
|
Total non-current liabilities |
|
274,300 |
|
|
261,821 |
|
|
39,089 |
|
Total liabilities |
|
1,496,541 |
|
|
943,426 |
|
|
140,850 |
|
|
|
|
|
|
|
|
|
|
|
Commitments and
contingencies |
|
|
|
|
|
|
|
|
|
Shareholders’
equity |
|
|
|
|
|
|
|
|
|
Class A common shares |
|
62 |
|
|
62 |
|
|
9 |
|
Class B common shares |
|
10 |
|
|
10 |
|
|
1 |
|
Treasury stock |
|
(9,545 |
) |
|
(12,787 |
) |
|
(1,909 |
) |
Additional paid-in capital |
|
896,772 |
|
|
900,942 |
|
|
134,507 |
|
Accumulated other comprehensive loss |
|
(27,295 |
) |
|
(21,582 |
) |
|
(3,222 |
) |
Accumulated deficit |
|
(499,940 |
) |
|
(528,760 |
) |
|
(78,943 |
) |
Total shareholders’
equity |
|
360,064 |
|
|
337,885 |
|
|
50,443 |
|
Non-controlling
interests |
|
849 |
|
|
(402 |
) |
|
(60 |
) |
Total shareholders’
equity |
|
360,913 |
|
|
337,483 |
|
|
50,383 |
|
Total liabilities
and shareholders’ equity |
|
1,857,454 |
|
|
1,280,909 |
|
|
191,233 |
|
|
|
|
|
|
|
|
|
|
|
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, |
|
|
2021 |
|
2022 |
|
2021 |
|
2022 |
|
|
RMB |
|
RMB |
|
USD |
|
RMB |
|
RMB |
|
USD |
Operating revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brokerage income |
|
217,268 |
|
|
231,802 |
|
|
34,607 |
|
|
949,898 |
|
|
523,620 |
|
|
78,174 |
|
Other income |
|
1,353 |
|
|
16,422 |
|
|
2,452 |
|
|
3,704 |
|
|
24,087 |
|
|
3,596 |
|
Total operating
revenue |
|
218,621 |
|
|
248,224 |
|
|
37,059 |
|
|
953,602 |
|
|
547,707 |
|
|
81,770 |
|
Operating costs and
expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
(151,969 |
) |
|
(163,070 |
) |
|
(24,346 |
) |
|
(708,665 |
) |
|
(311,330 |
) |
|
(46,480 |
) |
Other cost |
|
(418 |
) |
|
(10,643 |
) |
|
(1,589 |
) |
|
(1,189 |
) |
|
(12,058 |
) |
|
(1,800 |
) |
Total operating
costs |
|
(152,387 |
) |
|
(173,713 |
) |
|
(25,935 |
) |
|
(709,854 |
) |
|
(323,388 |
) |
|
(48,280 |
) |
Selling expenses |
|
(77,853 |
) |
|
(59,537 |
) |
|
(8,889 |
) |
|
(154,829 |
) |
|
(133,455 |
) |
|
(19,924 |
) |
General and administrative expenses |
|
(40,399 |
) |
|
(34,730 |
) |
|
(5,185 |
) |
|
(94,460 |
) |
|
(72,988 |
) |
|
(10,897 |
) |
Research and development expenses |
|
(25,742 |
) |
|
(24,314 |
) |
|
(3,630 |
) |
|
(44,575 |
) |
|
(47,657 |
) |
|
(7,115 |
) |
Total operating costs
and expenses |
|
(296,381 |
) |
|
(292,294 |
) |
|
(43,639 |
) |
|
(1,003,718 |
) |
|
(577,488 |
) |
|
(86,216 |
) |
Operating
loss |
|
(77,760 |
) |
|
(44,070 |
) |
|
(6,580 |
) |
|
(50,116 |
) |
|
(29,781 |
) |
|
(4,446 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
income/(expenses) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expenses |
|
(657 |
) |
|
(1,290 |
) |
|
(193 |
) |
|
(877 |
) |
|
(2,545 |
) |
|
(380 |
) |
Unrealized exchange loss |
|
(9 |
) |
|
(31 |
) |
|
(5 |
) |
|
(11 |
) |
|
(45 |
) |
|
(7 |
) |
Investment (loss)/income |
|
(482 |
) |
|
357 |
|
|
53 |
|
|
(241 |
) |
|
(1,782 |
) |
|
(266 |
) |
Others, net |
|
1,402 |
|
|
5,271 |
|
|
787 |
|
|
4,040 |
|
|
6,722 |
|
|
1,004 |
|
Loss before income
tax, and share of loss of equity method investee |
|
(77,506 |
) |
|
(39,763 |
) |
|
(5,938 |
) |
|
(47,205 |
) |
|
(27,431 |
) |
|
(4,095 |
) |
Income tax expense |
|
1,529 |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|
- |
|
Share of loss of equity method investee |
|
(1,200 |
) |
|
(199 |
) |
|
(30 |
) |
|
(1,451 |
) |
|
(2,640 |
) |
|
(394 |
) |
Net loss |
|
(77,177 |
) |
|
(39,962 |
) |
|
(5,968 |
) |
|
(48,656 |
) |
|
(30,071 |
) |
|
(4,489 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to non-controlling interests |
|
- |
|
|
(585 |
) |
|
(87 |
) |
|
- |
|
|
(1,251 |
) |
|
(187 |
) |
Net loss attributable
to common shareholders |
|
(77,177 |
) |
|
(39,377 |
) |
|
(5,881 |
) |
|
(48,656 |
) |
|
(28,820 |
) |
|
(4,302 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
(77,177 |
) |
|
(39,962 |
) |
|
(5,968 |
) |
|
(48,656 |
) |
|
(30,071 |
) |
|
(4,489 |
) |
Foreign currency translation adjustment, net of tax |
|
(4,693 |
) |
|
6,375 |
|
|
952 |
|
|
(3,470 |
) |
|
5,713 |
|
|
853 |
|
Comprehensive
loss |
|
(81,870 |
) |
|
(33,587 |
) |
|
(5,016 |
) |
|
(52,126 |
) |
|
(24,358 |
) |
|
(3,636 |
) |
Comprehensive loss
attributable to non-controlling interests |
|
- |
|
|
(585 |
) |
|
(87 |
) |
|
- |
|
|
(1,251 |
) |
|
(187 |
) |
Comprehensive loss
attributable to common shareholders |
|
(81,870 |
) |
|
(33,002 |
) |
|
(4,929 |
) |
|
(52,126 |
) |
|
(23,107 |
) |
|
(3,449 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common
shares used in computing net profit per
share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted |
|
1,021,197,639 |
|
|
1,020,237,707 |
|
|
1,020,237,707 |
|
|
1,022,075,704 |
|
|
1,023,005,019 |
|
|
1,023,005,019 |
|
Net loss per
share attributable to
common shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted |
|
(0.08 |
) |
|
(0.04 |
) |
|
(0.01 |
) |
|
(0.05 |
) |
|
(0.03 |
) |
|
(0.00 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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, |
|
|
2021 |
|
2022 |
|
2021 |
|
2022 |
|
|
RMB |
|
RMB |
|
USD |
|
RMB |
|
RMB |
|
USD |
Net loss attributable to common shareholders |
|
(77,177 |
) |
|
(39,377 |
) |
|
(5,881 |
) |
|
(48,656 |
) |
|
(28,820 |
) |
|
(4,302 |
) |
Share-based compensation expenses |
|
(6,119 |
) |
|
1,920 |
|
|
287 |
|
|
4,108 |
|
|
3,703 |
|
|
553 |
|
Non-GAAP net loss
attributable to common shareholders |
|
(83,296 |
) |
|
(37,457 |
) |
|
(5,594 |
) |
|
(44,548 |
) |
|
(25,117 |
) |
|
(3,749 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Huize (NASDAQ:HUIZ)
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From Jun 2024 to Jul 2024
Huize (NASDAQ:HUIZ)
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From Jul 2023 to Jul 2024