Huize(US:HUIZ) Benzingaยท2025-09-12 12:04Core Insights - Huize Holding Limited reported a significant turnaround in its financial performance, with adjusted earnings per share of two cents compared to a loss of 20 cents in the previous year [1] - The company experienced a substantial increase in quarterly sales, rising to $55.38 million from $38.94 million year-over-year [1] Financial Performance - First-year premiums surged by 73.1% year-over-year to 1.127 billion Chinese yuan ($158.316 million) [2] - Gross written premiums increased by 34.4% to 1.796 billion yuan [2] - Total revenue climbed 40.2% year-over-year, reaching a three-year high of 397 million yuan, driven by client growth and efficiency gains [3] Cost Management - The expense-to-income ratio improved significantly, dropping to 23.9% from 40.5% a year earlier, attributed to AI-driven cost optimization [4] - As of June 30, 2025, the company reported a GAAP net profit of 10.9 million yuan and cash and equivalents of 238.5 million yuan [4] Strategic Vision - The CEO emphasized the long-term vision of building an AI-driven intelligent ecosystem to connect users, insurers, and agents, aiming to redefine the value chain and improve service quality [5] - The AI strategy focuses on enhancing organizational efficiency, driving AI-powered operational processes, and exploring business model transformation [6] Market Reaction - HUIZ shares saw a premarket increase of 37.10%, trading at $3.880 [6]