Core Viewpoint - Huize Holding Limited reported strong financial results for the second quarter of 2025, achieving a three-year high in operating revenue and significant growth in gross written premiums and first-year premiums facilitated on its platform, driven by a focus on high-quality customer acquisition and AI-driven operational efficiency [3][4][5]. Financial and Operational Highlights - Operating revenue reached RMB396.7 million (US$55.4 million), a 40.2% increase year-over-year from RMB283.0 million [6]. - Gross written premiums (GWP) facilitated on the platform were RMB1,796.5 million (US$250.8 million), up 34.4% from RMB1,336.9 million in the same period of 2024 [4][5]. - First-year premiums (FYP) accounted for RMB1,127.9 million, representing a 73.1% year-over-year increase [4][5]. - The average age of customers purchasing long-term insurance products was 35.2 years, with 65.4% residing in higher-tier cities [3]. Profitability and Efficiency - The company achieved a GAAP net profit attributable to common shareholders of RMB10.9 million (US$1.5 million), compared to a net loss of RMB23.3 million in the same period of 2024 [11]. - The expense-to-income ratio improved significantly from 40.5% in Q2 2024 to 23.9% in Q2 2025, reflecting cost-optimization initiatives and AI deployment [5][11]. - The cumulative number of insurance clients served increased to 11.4 million as of June 30, 2025 [5]. Product Development and AI Strategy - Huize continued to launch customized insurance products, including the 'Bliss (Golden Edition)' annuity and children's accident insurance products in collaboration with major insurers [3]. - The company's AI strategy focuses on enhancing organizational efficiency, driving AI-powered processes, and exploring business model transformation, leading to a 50% year-over-year increase in self-directed policy purchases [3]. Cash Position - As of June 30, 2025, cash and cash equivalents amounted to RMB238.5 million (US$33.3 million), slightly up from RMB233.2 million at the end of 2024 [12].