Core Viewpoint - Huize Holding Limited will hold its annual general meeting on November 29, 2024, in Hong Kong, serving as a forum for shareholders to discuss company affairs with management, with no proposals for shareholder approval [1][2]. Company Information - Huize Holding Limited is a leading insurance technology platform in Asia, connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions [4]. - The company targets mass affluent consumers and aims to meet their lifelong insurance needs through an integrated online-to-offline insurance ecosystem [4]. - Huize's services cover the entire insurance life cycle, offering a wide range of products, one-stop services, and a streamlined transaction experience [4]. - The company utilizes AI, data analytics, and digital capabilities to enhance the insurance service chain, providing technology-enabled solutions for consultation, user engagement, marketing, risk management, and claims service [4]. Meeting Details - The record date for the annual general meeting is set for November 4, 2024, entitling holders of common shares to notice of the meeting [3]. - The notice of the annual general meeting is available on the company's Investor Relations website [3].

Huize Holding Limited (NASDAQ:HUIZ) Q2 2024 Earnings Conference Call September 25, 2024 8:00 AM ET Company Participants Kenny Lo - Investor Relations Manager Cunjun Ma - Founder & Chief Executive Officer Ron Tam - Co-Chief Financial Officer Conference Call Participants Michelle Ma - Citi Operator Ladies and gentlemen, thank you for standing by. Welcome to Huize Second Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. After the management's prepared remarks, we wi ...

Core Viewpoint - Huize Holding Limited reported its unaudited financial results for the second quarter of 2024, showcasing resilience in business performance despite a challenging economic environment, with a focus on strategic growth and international expansion [1]. Financial and Operational Highlights - Gross written premiums (GWP) for Q2 2024 were RMB1,336.9 million, a slight decrease of 3.0% from RMB1,377.7 million in Q2 2023. Renewal premiums increased by 42.8% year-over-year to RMB685.4 million [2][4]. - The gross profit margin improved to 31.3%, up by 2.3 percentage points sequentially, attributed to disciplined control over channel expenses and product mix optimization [2]. - The cumulative number of insurance clients served reached 9.8 million, with partnerships established with 125 insurers [3]. Revenue and Profitability - Operating revenue for Q2 2024 was RMB283.0 million, down 23.2% from RMB368.2 million in Q2 2023, primarily due to a decrease in first-year premiums (FYP) [4]. - The net loss for Q2 2024 was RMB23.3 million, compared to a net profit of RMB14.1 million in the same period of 2023. Non-GAAP net loss was RMB13.0 million, down from a non-GAAP net profit of RMB19.0 million [8][22]. Cost Management - Operating costs decreased by 20.2% to RMB194.4 million in Q2 2024, primarily due to reduced channel expenses [5]. - Selling expenses were RMB46.8 million, down 18.3% from RMB57.3 million in Q2 2023, while general and administrative expenses increased by 33.9% to RMB49.7 million [6][7]. Strategic Initiatives - The company maintained a long-term insurance product GWP contribution above 90% for the nineteenth consecutive quarter, indicating a commitment to sustainable growth [3]. - Revenue contribution from international business rose to 11% in Q2 2024, supported by the acquisition of a controlling stake in Global Care, a Vietnam-based Insurtech company [3]. Cash Position - As of June 30, 2024, cash and cash equivalents were RMB236.2 million, a decrease from RMB249.3 million at the end of 2023 [9].

SHENZHEN, China, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today announced that it has partnered with New China Life Insurance Company Limited (“NCI”) to launch “Bliss No.2”, a customized lifetime annuity product. This upgraded product is the latest addition to the “Bliss” se ...

SHENZHEN, China, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today announced that it plans to release its second quarter 2024 unaudited financial results before the U.S. market opens on Wednesday, September 25, 2024. The Company’s management team will hold an earnings conferenc ...

SHENZHEN, China, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize” or the “Company”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today announced the completion of its international arm Poni Insurtech’s acquisition of 71.7% stake in Global Care Consulting Joint Stock Company (“Global Care”), a leading Vietnam-based insurtech company specializing in di ...

SHENZHEN, China, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today announced that it has partnered with China Pacific Property Insurance Co., Ltd. (“CPIC P&C”) to launch “Little Scholar”, a customized student accident insurance product. This product is designed to provide parent ...

Core Viewpoint - Huize Holding Limited has announced a strategic partnership with New China Life Insurance Company to launch "Bliss," a customized annuity insurance product aimed at consumers seeking stable and risk-averse financial solutions [1][3]. Group 1: Product Features - "Bliss" offers rapid cash value growth with flexible payment options [2]. - It allows flexible annuity start times, enabling payouts to begin at 5 years, 10 years, or when the insured reaches 60 or 70 years old, catering to individual financial needs [2]. - The enrollment process is seamless, requiring no health declaration, with broad occupational eligibility and affordable premiums starting at RMB2,000 annually [2]. - Value-added benefits include up to 5 years of complimentary health management services [2]. Group 2: Strategic Importance - The launch of "Bliss" is a response to a significant shift in customer investment preferences towards savings products [3]. - This partnership aims to drive innovation in the digital distribution model for insurance services, integrating capabilities in customizing and promoting internet insurance products [3]. - The company emphasizes its ability to identify and address customer needs with a variety of insurance options that combine brand value with cost-effectiveness [3]. Group 3: Company Background - Huize Holding Limited is a leading insurance technology platform in Asia, connecting consumers, insurance carriers, and distribution partners through data-driven and AI-powered solutions [5]. - The company targets mass affluent consumers and offers a wide spectrum of insurance products and services, enhancing the entire insurance life cycle [5]. - New China Life Insurance Company, founded in 1996, has annual gross written premiums exceeding RMB160 billion and total assets over RMB1.4 trillion, serving millions of retail and institutional customers [4].

SHENZHEN, China, July 16, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize” or the “Company”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it has received a notification letter (the “Compliance Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market Inc. (“Nasdaq”) dated July 15, 2024, informing the Company that it h ...

SHENZHEN, China, July 16, 2024 (GLOBE NEWSWIRE) -- Huize Holding Limited, ("Huize" or the "Company") (NASDAQ:HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in China, today announced that it has received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated July 15, 2024, informing the Company that it ha ...