Core Viewpoint - Huize Holdings (NASDAQ: HUIZ) reported strong financial performance for Q2, driven by its "AI+ strategy" and focus on differentiated product innovation and high-quality customer management [1][2] Financial Performance - The company achieved revenue of 397 million RMB, marking a 40% year-on-year increase and setting a new quarterly revenue record [1] - First-year premiums surged by 73% to 1.128 billion RMB, while total facilitated premiums grew by 34% to 1.796 billion RMB [1] - Net profit for the quarter was 10.88 million RMB [1] AI Application - The AI-enabled app served over 15,000 users daily, with new customer self-insurance rates increasing by over 50% year-on-year [1] - The number of AI agents developed by employees exceeded 700, with over 200,000 lines of effective code generated and adopted monthly [1] - The total expenses to revenue ratio improved to 23.9%, a significant decrease of 16.6 percentage points year-on-year, indicating deep optimization of cost structure through AI [1] Product Innovation - The average first-year premium for long-term insurance increased by 87% to over 7,600 RMB, reflecting enhanced capability to attract and serve high-value customers [2] - The company advanced its floating income product strategy, with flagship products like "Fumanjia 2.0" receiving high market recognition [2] - Annuity products such as "Kuai Xiang Fu 3" drove a 153% quarter-on-quarter growth in annuity insurance business, contributing to overall premium growth [2] Customer Management - As of June 2025, the cumulative number of insured customers surpassed 11.4 million, with 400,000 new customers added in Q2 [2] - The core customer retention rate for long-term insurance remained stable, exceeding 95% for the 13th and 25th months [2] Future Outlook - The CEO of Huize Holdings stated that the company will leverage AI as a core engine to reshape the insurance ecosystem and operational processes in China while exploring market potential in Southeast Asia [2]