Huize Holding Limited Reports First Quarter 2025 Unaudited Financial Results

Core Viewpoint - Huize Holding Limited reported resilient business results for Q1 2025, with significant growth in operating revenue and insurance premiums, while also focusing on operational efficiency through AI integration [3][4][6]. Financial and Operational Highlights - Operating revenue for Q1 2025 was RMB283.8 million (US$39.1 million), a decrease of 8.5$198.1 million), representing a 37.8% increase from RMB1,043.0 million in Q4 2024 [4][5]. - First-year premiums (FYP) rose 30.9% sequentially to RMB730.4 million in Q1 2025 [4]. - The average age of customers purchasing long-term insurance products was 35 years, with 66.4% located in higher-tier cities [3]. Operational Efficiency - Total operating expenses decreased by 28.9% sequentially to RMB82.7 million in Q1 2025 [4]. - The expense-to-income ratio improved significantly from 40.7% in Q4 2024 to 29.1% in Q1 2025 [4]. - The cumulative number of insurance clients served increased to 11 million as of March 31, 2025 [4]. Product Development and AI Integration - Huize launched several customized insurance products in response to market demand, including "Bliss No. 3" and "Jin Man Yi Zu No.6" [3]. - The company integrated AI solutions across operations, enhancing service efficiency and reducing the expense-to-income ratio [3]. - An AI-powered smart portal was launched on Huize's app, providing 24/7 insurance agent support and facilitating RMB190 million in claims across 36,000 cases in Q1 2025 [3]. Financial Position - As of March 31, 2025, cash and cash equivalents were RMB201.7 million (US$27.8 million), down from RMB233.2 million as of December 31, 2024 [11]. - The net loss attributable to common shareholders was RMB8.6 million (US$1.2 million) in Q1 2025, compared to a net profit of RMB6.9 million in Q1 2024 [10].