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 fourth quarter and full year ended
December 31, 2022.
Fourth Quarter and Full Year 2022
Financial and Operational Highlights
- Resilient
business performance: Gross Written Premiums (“GWP”)
facilitated on our platform for the full year of 2022 remained
stable at RMB4,907.8 million compared to the same period of 2021.
Renewal premiums facilitated on our platform in the fourth quarter
of 2022 increased by 80.8% to RMB1,032.5 million from RMB571.0
million in the fourth quarter of 2021, primarily driven by high
persistency metrics of our high-quality and loyal long-term
insurance products customer base.
- Disciplined
cost control and profitability: Operating expenses
decreased by 54.6% year-over-year to RMB97.3 million in the fourth
quarter of 2022 from RMB214.4 million in the same period of 2021.
Operating expenses for the full year of 2022 decreased by 30.1%
year-over-year to RMB467.3 million from RMB668.7 million in 2021.
We achieved non-GAAP net profit of RMB14.1 million in the fourth
quarter of 2022, in line with guidance.
- Cumulative
number of insurance clients served increased to
approximately 8.4 million as of December 31, 2022. We cooperated
with 106 insurer partners, including 64 life and
health insurance companies and 42 property & casualty insurance
companies, as of December 31, 2022.
- As of December 31,
2022, our cash and cash equivalents amounted to
RMB277.2 million (US$40.2 million).
Mr. Cunjun Ma, Founder and CEO of Huize,
commented, “We are very pleased to report a set of encouraging
financial results set against the backdrop of an extremely
challenging macro and operational environment in the fourth quarter
of 2022. We recorded a non-GAAP net profit of RMB14.1 million in
the fourth quarter of 2022, in line with our guidance from last
quarter. These resilient results further solidify our leading
position in the digital insurance market and validate our proactive
steps to adjust our product offerings and business strategies to
mitigate downside risks during a difficult period for the global
economy. Our group-wide organizational structure optimization also
continues to yield results, driving a 54.6% year-over-year decrease
in operating expenses for the quarter, enabling improvement in
operating leverage as the macroeconomy and consumer consumption
recover in the post-pandemic world.
In the fourth quarter, we maintained our
strategic focus on long-term insurance products and leveraged our
strengths in product customization to co-develop various long-term
savings and protection products tailored to meet market demands.
The GWP contribution from our long-term insurance products
surpassed 90% for the thirteenth consecutive quarter. Our renewal
premiums also surged by 80.8% year-over-year to RMB1,032.5 million
in the fourth quarter of 2022, reflecting our strong ability to
acquire high-quality and loyal customers. We expect to remain
profitable in 2023 on the anticipated macro recovery, our improving
operational efficiency, our continued efforts to upsell existing
customers, and our ability in acquiring new mass affluent
customers.
During the year, we made substantial progress on
executing our three-year “Agents, Businesses, Customers (ABC)”
strategic business plan to build an omnichannel digital insurance
service ecosystem. In the “To-C” segment, we continued to enhance
our customer acquisition capabilities, improve our customer
quality, and deepen customer engagement. Consequently, the average
ticket size of our long-term savings products increased by 37.5%
year-over-year to RMB41,429 in first-year premiums (“FYP”) in 2022.
In the “To-B” segment, we continued to drive industry
digitalization by exporting our innovative technology to insurance
companies. In terms of agents, we launched our new user management
system, “Hotlink 1.0” to empower insurance agents in all aspects of
their business. FYP facilitated by the “To-A” business exceeded
RMB200 million in 2022. Going forward, we will upgrade our business
model to facilitate O2O integration in our “To-C” business, provide
our “To-B” customers with insurance-related AI solutions and
services across all scenarios, and focus on our localized
deployment plan for our “To-A” business. We believe executing these
strategies will secure our position as a top-tier insurance
intermediary in the industry and enable us to enhance long-term
shareholder value and sustain the high-quality growth of our
business.”
Fourth Quarter 2022 Financial Results
GWP and operating revenue
GWP facilitated on our platform was RMB1,449.1
million (US$210.1 million) in the fourth quarter of 2022, a
decrease of 27.2% from RMB1,990.9 million in the same period of
2021. Of the GWP facilitated in the fourth quarter of 2022, FYP
accounted for RMB416.6 million (or 28.7% of total GWP), a decrease
of 70.7% year-over-year given a high base for comparison. Renewal
premiums accounted for RMB1,032.5 million (or 71.3% of total GWP),
an increase of 80.8% year-over-year.
Operating revenue was RMB258.4 million (US$37.5
million) in the fourth quarter of 2022, a decrease of 73.5% from
RMB976.3 million in the same period of 2021. The decrease was
primarily driven by the decrease in FYP facilitated.
Operating costs
Operating costs were RMB162.2 million (US$23.5
million) in the fourth quarter of 2022, a decrease of 78.3% from
RMB747.9 million in the same period of 2021. The decrease was
primarily due to tight control on marketing channel costs and was
faster than the decrease in operating revenue.
Operating expenses
Selling expenses decreased by 62.8%
year-over-year to RMB41.8 million (US$6.1 million) in the fourth
quarter of 2022, compared with RMB112.3 million in the same period
of 2021, which was primarily due to a decrease in salaries and
employment benefits, and to a lesser extent, a decrease in
advertising and marketing
expenses. General
and administrative expenses were RMB38.6 million (US$5.6 million)
in the fourth quarter of 2022, a decrease of 31.1% from RMB56.0
million in the same period of 2021. This decrease was primarily due
to a decrease in salaries and employment benefits, and to a lesser
extent, a decrease in professional service expenses.
Research and development expenses were RMB16.9
million (US$2.4 million) in the fourth quarter of 2022, a decrease
of 63.3% from RMB46.1 million in the same period of 2021, primarily
due to a decrease in personnel costs.
Net profit and Non-GAAP net profit for
the period
Net profit in the fourth quarter of 2022 was
RMB8.2 million (US$1.2 million), down 58.8% from RMB19.9 million in
the same period of 2021. Non-GAAP net profit decreased by 34.7% to
RMB14.1 million (US$2.1 million) in the fourth quarter of 2022,
compared with RMB21.6 million in the same period of 2021.
Full Year 2022 Financial Results
GWP and operating revenue
GWP facilitated was RMB4,907.8 million in 2022,
a decrease of 2.2% from RMB5,018.2 million in 2021. Of the GWP
facilitated in 2022, FYP accounted for RMB1,846.4 million (or
37.6%), a decrease of 40.9% year-over-year. Renewal premiums
accounted for RMB3,061.4 million (or 62.4%), an increase of 61.6%
year-over-year.
Operating revenue was RMB1,157.9 million
(US$167.9 million) in 2022, a decrease of 48.4% from RMB2,245.0
million in 2021. The increase in operating revenue was primarily
driven by the decrease in the FYP facilitated.
Operating costs
Operating costs were RMB734.3 million (US$106.5
million) in 2022, a decrease of 56.6% from RMB1,690.8 million in
2021. The decrease was primarily due to our disciplined selection
of marketing channels to acquire user traffic, and was faster than
the decrease in operating revenue.
Operating expenses
Selling expenses were RMB231.7 million (US$33.6
million) in 2022, a decrease of 33.9% from RMB350.6 million in
2021, which was primarily due to a decrease in advertising and
marketing expenses, and to a lesser extent, a decrease in salaries
and employment benefits.
General and administrative expenses were
RMB154.7 million (US$22.4 million) in 2022, a decrease of 21.7%
from RMB197.6 million in 2021. This decrease was primarily due to a
decrease in salaries and employment benefits for general and
administrative staff, and to a lesser extent, a decrease in
professional service expenses.
Research and development expenses were RMB80.9
million (US$11.7 million) in 2022, a decrease of 32.9% from
RMB120.5 million in 2021, primarily due to a decrease in personnel
costs.
Net loss and Non-GAAP net loss for the
year
Net loss in 2022 was RMB31.2 million (US$4.5
million), down significantly from a net loss of RMB107.7 million in
2021. Non-GAAP net loss in 2022 was RMB20.8 million (US$3.0
million), compared to a non-GAAP net loss of RMB109.5 million in
2021. The decrease in net loss was primarily due to our cost
optimization program.
Cash and cash equivalents
As of December 31, 2022, the combined balance of
the Company’s cash and cash equivalents amounted to RMB277.2
million (US$40.2 million), compared to RMB381.2 million as of
December 31, 2021.
Share Repurchase Program
As of December 31, 2022, the Company had
purchased an aggregate of 654,887 ADSs for a total amount of
approximately US$0.9 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. On March 17, 2023, the Company announced a new
share repurchase program under which it is authorized to repurchase
up to US$5 million ADSs over the next 12 months.
Business Outlook
Based on the Company’s preliminary assessment of
the current market conditions, the Company expects to achieve a
non-GAAP net profit attributable to shareholders of not less than
RMB30 million in 2023. 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 Monday, March
27, 2023 (8:00 P.M. Beijing/Hong Kong Time on Monday, March 27,
2023). Details for the conference call are as follows:
Event Title: Huize Holding Limited’s Fourth
Quarter and Full Year 2022 Earnings Conference CallRegistration
Link:
https://register.vevent.com/register/BI41fe504a66d542db8991a2741491ef15
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 RMB6.8972 to US$1.00, the exchange rate on
December 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 AdvisoryIn ChinaMs. Crystal
LaiPhone: +852 2117 0861Email: crystal.lai@christensencomms.com
In U.S.Ms. Linda BergkampPhone: +1-480-614-3004Email:
linda.bergkamp@christensencomms.com
Huize Holding Limited |
Unaudited Consolidated Balance Sheets |
(all amounts in thousands, except for share and per share
data) |
|
|
As of December 31 |
|
As of December 31 |
|
2021 |
|
2022 |
|
RMB |
|
RMB |
|
USD |
Assets |
|
|
|
|
|
Current assets |
|
|
|
|
|
Cash and cash equivalents |
381,158 |
|
|
277,168 |
|
|
40,186 |
|
Restricted cash |
183,408 |
|
|
98,917 |
|
|
14,342 |
|
Contract assets, net of allowance for doubtful accounts |
- |
|
|
49,888 |
|
|
7,233 |
|
Accounts receivable, net of allowance for impairment |
777,262 |
|
|
250,667 |
|
|
36,342 |
|
Insurance premium receivables |
1,217 |
|
|
1,792 |
|
|
260 |
|
Amounts due from related parties |
128 |
|
|
489 |
|
|
71 |
|
Prepaid expense and other receivables |
77,511 |
|
|
71,818 |
|
|
10,413 |
|
Total current assets |
1,420,684 |
|
|
750,739 |
|
|
108,847 |
|
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
Restricted cash |
44,418 |
|
|
- |
|
|
- |
|
Contract assets, net of allowance for doubtful accounts |
- |
|
|
6,634 |
|
|
962 |
|
Property, plant and equipment, net |
48,461 |
|
|
38,518 |
|
|
5,585 |
|
Intangible assets, net |
21,626 |
|
|
53,498 |
|
|
7,756 |
|
Deferred tax assets |
605 |
|
|
- |
|
|
- |
|
Long-term investments |
73,001 |
|
|
77,305 |
|
|
11,208 |
|
Operating lease right-of-use assets |
247,819 |
|
|
162,180 |
|
|
23,514 |
|
Goodwill |
461 |
|
|
461 |
|
|
67 |
|
Other assets |
379 |
|
|
279 |
|
|
40 |
|
Total non-current assets |
436,770 |
|
|
338,875 |
|
|
49,132 |
|
Total assets |
1,857,454 |
|
|
1,089,614 |
|
|
157,979 |
|
|
|
|
|
|
|
Liabilities, Mezzanine Equity and Shareholders’
Equity |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Short-term borrowings |
216,710 |
|
|
150,000 |
|
|
21,748 |
|
Accounts payable |
680,369 |
|
|
262,266 |
|
|
38,025 |
|
Insurance premium payables |
124,019 |
|
|
27,567 |
|
|
3,997 |
|
Contract liabilities |
7,236 |
|
|
4,034 |
|
|
585 |
|
Other payables and accrued expenses |
71,255 |
|
|
58,251 |
|
|
8,446 |
|
Payroll and welfare payable |
93,451 |
|
|
43,938 |
|
|
6,370 |
|
Income taxes payable |
2,440 |
|
|
2,440 |
|
|
354 |
|
Operating lease liabilities |
14,886 |
|
|
10,075 |
|
|
1,461 |
|
Amount due to related parties |
11,875 |
|
|
495 |
|
|
72 |
|
Total current liabilities |
1,222,241 |
|
|
559,066 |
|
|
81,058 |
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
Long-term borrowings |
20,000 |
|
|
- |
|
|
- |
|
Deferred tax liabilities |
4,892 |
|
|
12,491 |
|
|
1,811 |
|
Operating lease liabilities |
249,183 |
|
|
176,032 |
|
|
|
25,522 |
|
Payroll and welfare payable |
225 |
|
|
- |
|
|
- |
|
Total non-current liabilities |
274,300 |
|
|
188,523 |
|
|
27,333 |
|
Total liabilities |
1,496,541 |
|
|
747,589 |
|
|
108,391 |
|
|
|
|
|
|
|
Commitments and
contingencies |
|
|
|
|
|
Shareholders’
equity |
|
|
|
|
|
Class A common shares |
62 |
|
|
62 |
|
|
9 |
|
Class B common shares |
10 |
|
|
10 |
|
|
1 |
|
Treasury stock |
(9,545) |
|
|
(15,306) |
|
|
(2,219) |
|
Additional paid-in capital |
896,772 |
|
|
904,935 |
|
|
131,203 |
|
Accumulated other comprehensive loss |
(27,295) |
|
|
(17,695) |
|
|
(2,566) |
|
Accumulated deficits |
(499,940) |
|
|
(531,127) |
|
|
(77,006) |
|
Total shareholders’
equity attributable to Huize Holding Limited
shareholders |
360,064 |
|
|
340,879 |
|
|
49,422 |
|
Non-controlling interests |
849 |
|
|
1,146 |
|
|
166 |
|
Total shareholders’
equity |
360,913 |
|
|
342,025 |
|
|
49,588 |
|
Total liabilities and
shareholders’ equity |
1,857,454 |
|
|
1,089,614 |
|
|
157,979 |
|
|
Huize Holding Limited |
Unaudited Consolidated Statements of Comprehensive
Income |
(all amounts in thousands, except for share and per share
data) |
|
|
For the Three Months Ended December 31, |
|
For the Twelve Months Ended December 31, |
|
2021 |
|
2022 |
|
2021 |
|
2022 |
|
RMB |
|
RMB |
|
USD |
|
RMB |
|
RMB |
|
USD |
Operating
revenue |
|
|
|
|
|
|
|
|
|
|
|
Brokerage income |
969,703 |
|
|
246,496 |
|
|
35,739 |
|
|
2,232,253 |
|
|
1,108,652 |
|
|
160,739 |
|
Other income |
6,630 |
|
|
11,915 |
|
|
1,728 |
|
|
12,763 |
|
|
49,256 |
|
|
7,141 |
|
Total operating
revenue |
976,333 |
|
|
258,411 |
|
|
37,467 |
|
|
2,245,016 |
|
|
1,157,908 |
|
|
167,880 |
|
Operating costs and
expenses |
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
(746,551) |
|
|
(158,355) |
|
|
(22,959) |
|
|
(1,688,087) |
|
|
(706,009) |
|
|
(102,361) |
|
Other cost |
(1,308) |
|
|
(3,855) |
|
|
(559) |
|
|
(2,670) |
|
|
(28,282) |
|
|
(4,101) |
|
Total operating
costs |
(747,859) |
|
|
(162,210) |
|
|
(23,518) |
|
|
(1,690,757) |
|
|
(734,291) |
|
|
(106,462) |
|
Selling expenses |
(112,348) |
|
|
(41,814) |
|
|
(6,062) |
|
|
(350,573) |
|
|
(231,664) |
|
|
(33,588) |
|
General and administrative expenses |
(55,987) |
|
|
(38,611) |
|
|
(5,598) |
|
|
(197,619) |
|
|
(154,715) |
|
|
(22,432) |
|
Research and development expenses |
(46,072) |
|
|
(16,891) |
|
|
(2,449) |
|
|
(120,478) |
|
|
(80,911) |
|
|
(11,731) |
|
Total operating costs
and expenses |
(962,266) |
|
|
(259,526) |
|
|
(37,627) |
|
|
(2,359,427) |
|
|
(1,201,581) |
|
|
(174,213) |
|
Operating
income/(loss) |
14,067 |
|
|
(1,115) |
|
|
(160) |
|
|
(114,411) |
|
|
(43,673) |
|
|
(6,333) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
income/(expenses) |
|
|
|
|
|
|
|
|
|
|
|
Interest expenses |
(1,570) |
|
|
(593) |
|
|
(86) |
|
|
(3,206) |
|
|
(5,062) |
|
|
(734) |
|
Unrealized exchange (loss)/income |
(40) |
|
|
16 |
|
|
2 |
|
|
(59) |
|
|
(79) |
|
|
(11) |
|
Investment income/(loss) |
(1,299) |
|
|
1 |
|
|
- |
|
|
(5,328) |
|
|
(2,216) |
|
|
(321) |
|
Others, net |
4,735 |
|
|
8,419 |
|
|
1,221 |
|
|
12,627 |
|
|
19,490 |
|
|
2,826 |
|
Profit/(loss) before
income tax, and share of income/(loss) of equity method
investee |
15,893 |
|
|
6,728 |
|
|
977 |
|
|
(110,377) |
|
|
(31,540) |
|
|
(4,573) |
|
Share of income/(loss) of equity method investee |
3,954 |
|
|
833 |
|
|
121 |
|
|
2,660 |
|
|
(2,200) |
|
|
(319) |
|
Net
profit/(loss) |
19,847 |
|
|
7,561 |
|
|
1,098 |
|
|
(107,717) |
|
|
(33,740) |
|
|
(4,892) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to non-controlling interests |
(51) |
|
|
(611) |
|
|
(89) |
|
|
(51) |
|
|
(2,553) |
|
|
(370) |
|
Net profit/(loss)
attributable to common shareholders |
19,898 |
|
|
8,172 |
|
|
1,187 |
|
|
(107,666) |
|
|
(31,187) |
|
|
(4,522) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
profit/(loss) |
19,847 |
|
|
7,561 |
|
|
1,098 |
|
|
(107,717) |
|
|
(33,740) |
|
|
(4,892) |
|
Foreign currency translation adjustment, net of tax |
(1,534) |
|
|
(3,551) |
|
|
(515) |
|
|
(5,323) |
|
|
9,600 |
|
|
1,392 |
|
Comprehensive
income/(loss) |
18,313 |
|
|
4,010 |
|
|
583 |
|
|
(113,040) |
|
|
(24,140) |
|
|
(3,500) |
|
Comprehensive loss
attributable to non-controlling interests |
(51) |
|
|
(611) |
|
|
(89) |
|
|
(51) |
|
|
(2,553) |
|
|
(370) |
|
Comprehensive
income/(loss) attributable to common shareholders |
18,364 |
|
|
4,621 |
|
|
672 |
|
|
(112,989) |
|
|
(21,587) |
|
|
(3,130) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of common shares used in computing net profit per
share |
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted |
1,021,669,215 |
|
|
1,020,675,722 |
|
|
1,020,675,722 |
|
|
1,021,861,206 |
|
|
1,021,958,881 |
|
|
1,021,958,881 |
|
Net profit/(loss) per
share attributable to common shareholders |
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted |
0.02 |
|
|
0.01 |
|
|
0.00 |
|
|
(0.11) |
|
|
(0.03) |
|
|
(0.00) |
|
|
Huize Holding Limited |
Unaudited Reconciliations of GAAP and Non-GAAP
Results |
(all amounts in thousands, except for share and per share
data) |
|
|
For the Three Months Ended December 31, |
|
|
For the Twelve Months Ended December 31, |
|
2021 |
|
2022 |
|
|
2021 |
|
2022 |
|
RMB |
|
RMB |
|
USD |
|
RMB |
|
RMB |
|
USD |
Net profit/(loss) attributable to common
shareholders |
19,898 |
|
|
8,172 |
|
|
1,187 |
|
|
(107,666) |
|
|
(31,187) |
|
|
(4,522) |
|
Share-based compensation expenses |
1,745 |
|
|
5,964 |
|
|
865 |
|
|
(1,824) |
|
|
10,411 |
|
|
1,509 |
|
Non-GAAP net
profit/(loss) attributable to common shareholders |
21,643 |
|
|
14,136 |
|
|
2,052 |
|
|
(109,490) |
|
|
(20,776) |
|
|
(3,013) |
|
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