$HUIZ

Huize Holding Ltd

CIK:0001778982|SEC Filings

Consolidated Statements of Income and Comprehensive Income ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 CNY (¥) ¥ / shares shares	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2024 CNY (¥) ¥ / shares shares	Dec. 31, 2023 CNY (¥) ¥ / shares shares
Operating revenue
Brokerage income	¥ 1,523,547	$ 217,864	¥ 1,193,827	¥ 1,144,533
Other income	58,693	8,393	55,087	51,019
Total operating revenue	1,582,240	226,257	1,248,914	1,195,552
Operating costs and expenses
Cost of revenue	(1,153,880)	(165,003)	(855,496)	(729,068)
Cost of other income	(6,387)	(913)	(12,790)	(19,938)
Selling expenses	(220,285)	(31,500)	(192,425)	(204,261)
General and administrative expenses	(136,346)	(19,497)	(146,769)	(119,404)
Research and development expenses	(58,688)	(8,392)	(62,391)	(71,842)
Total operating costs and expenses	(1,575,586)	(225,305)	(1,269,871)	(1,144,513)
Operating income/(loss)	6,654	952	(20,957)	51,039
Other income/(expenses)
Interest income	4,047	579	4,139	2,789
Unrealized exchange loss	(927)	(133)	(684)	(436)
Investment loss	(328)	(47)	(511)	(1,656)
Others, net	1,326	189	17,179	18,401
Profit/(Loss) before income tax, and share of income/(loss) of equity method investee	10,772	1,540	(834)	70,137
Income tax expense	(7,194)	(1,029)	(135)	0
Share of income/(loss) of equity method investee	(40)	(6)	1,535	417
Net profit	3,538	505	566	70,554
Net profit/(loss) attributable to non-controlling interests	(503)	(73)	1,215	366
Net profit/(loss) attributable to Huize Holding Limited's shareholders	¥ 4,041	$ 578	¥ (649)	¥ 70,188
Weighted average number of common shares used in computing net profit/(loss) per share
Basic	1,009,159,442	1,009,159,442	997,172,042	1,000,940,698
Diluted	1,009,159,442	1,009,159,442	997,172,042	1,000,940,698
Net profit/(loss) per share attributable to common shareholders
Basic \| (per share)	¥ 0	$ 0	¥ 0	¥ 0.07
Diluted \| (per share)	¥ 0	$ 0	¥ 0	¥ 0.07
Net profit/(loss)	¥ 3,538	$ 505	¥ 566	¥ 70,554
Foreign currency translation adjustment, net of tax	(1,831)	(262)	1,196	3,635
Comprehensive income	1,707	243	1,762	74,189
Comprehensive income/(loss) attributable to non-controlling interests	(503)	(73)	1,215	366
Comprehensive income attributable to Huize Holding Limited's shareholders	¥ 2,210	$ 316	¥ 547	¥ 73,823

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Cash flows from operating activities:
Net profit	¥ 3,538	$ 505	¥ 566	¥ 70,554
Adjustments to reconcile net profit to net cash provided by/ (used in) operating activities:
Allowance for doubtful account	5,089	728	682	1,567
Impairment of intangible assets	0	0	0	1,950
Depreciation and amortization	13,823	1,977	11,458	13,640
Unrealized exchange loss	927	133	684	436
Share-based compensation expense	18,517	2,648	9,021	463
Interest income	(4,047)	(579)	(4,139)	(2,789)
Investment loss/(income)	(50)	(7)	777	2,405
Net (gain)/loss on disposal of subsidiaries	378	54	(266)	(749)
Share of (income)/loss of equity method investee	40	6	(1,535)	(417)
Deferred income taxes	812	116	0	0
Amortization of right-of-use assets	9,207	1,316	24,811	25,680
Amortization of directors and officers liability insurance premium	0	0	79	3,125
Loss on disposal of property, plant and equipment	5,915	846	0	217
Gain on termination of right-of-use assets	(16)	(2)	(12,155)	(5,923)
Adjustments to reconcile net profit/(loss) to net cash provided by operating activities	54,133	7,741	29,983	110,159
Changes in operating assets and liabilities:
Decrease/(increase) in accounts receivable	(17,556)	(2,510)	20,734	75,466
(Increase)/decrease in insurance premium receivables	622	89	119	(123)
Decrease/(increase) in prepaid expense and other receivables	(10,002)	(1,430)	13,070	21,815
(Increase)/decrease in deferred costs	0	0	6,147	(6,147)
Decrease in amounts due from related parties	0	0	45	106
Increase in amounts due to related parties	18,689	2,672	44	1,956
Increase in other non-current assets	(1,130)	(162)	(102)	0
Decrease/(increase) in contract assets	(34,171)	(4,886)	(46,838)	1,975
(Decrease)/increase in accounts payable	(7,103)	(1,016)	(10,047)	(50,661)
Increase in other non-current liabilities	11,269	1,611	0	0
Increase/(decrease) in insurance premium payables	(14,747)	(2,109)	18,528	9,947
Increase/(decrease) in payroll and welfare payable	21,690	3,102	(24,183)	12,469
Increase in income taxes payable	5,378	769	135	0
(Decrease)/increase in other payables and accrued expenses	5,799	829	(2,457)	(24,899)
Increase in right-of-use assets due to prepaid rent	0	0	0	(825)
Decrease in operating lease liabilities	(16,404)	(2,346)	(22,867)	(12,581)
Decrease in contract liabilities	0	0	(2,728)	(1,306)
Dividend received from equity method investees	1,408	201	1,491	0
Net cash provided by/(used in) operating activities	17,875	2,555	(18,926)	137,351
Cash flows from investing activities:
Purchase of long-term investment	(16,713)	(2,390)	0	0
Purchase of short-term investment	0	0	(73,327)	(9,968)
Purchase of property, equipment and intangible assets	(8,246)	(1,179)	(4,284)	(30,524)
Proceeds from disposal of property, equipment and intangible assets	0	0	426	955
Proceeds from disposal of investments	0	0	76,701	874
Proceeds from capital reduction of equity investees	16,917	2,419	9,925	0
Advances from disposal of an investment	0	0	1,500	0
Advance to a related party	(3,320)	(475)	(657)	0
Acquisition of subsidiary, net of cash acquired	(560)	(80)	(8,046)	(2,441)
Disposal of subsidiaries, net of cash disposed of	0	0	0	1,645
Loans to third parties	0	0	(25,382)	(23,000)
Repayment from third parties	0	0	19,704	0
Interests received	0	0	0	1,075
Others	0	0	198	361
Net cash used in investing activities	(11,922)	(1,705)	(3,242)	(61,023)
Cash flows from financing activities:
Proceeds from borrowings	119,990	17,158	50,000	37,000
Repayments of borrowings	(110,000)	(15,730)	(30,411)	(161,473)
Repurchase of Class A common shares	0	0	(77)	(13,392)
Deferred consideration paid for acquisition of a subsidiary	(6,768)	(968)	0	0
Proceeds upon exercise of share options	279	40	0	560
Cash received by subsidiaries from minority shareholders	617	88	3,700	3,750
Net cash (used in)/ provided by financing activities	4,118	588	23,212	(133,555)
Effect of exchange rate changes on cash and cash equivalents	(3,057)	(434)	2,152	2,914
Net (decrease)/increase in cash and cash equivalents and restricted cash	7,014	1,004	3,196	(54,313)
Total cash and cash equivalents and restricted cash at beginning of year	324,968	46,470	321,772	376,085
Total cash and cash equivalents and restricted cash at end of year	331,982	47,474	324,968	321,772
Supplemental disclosure of cash flow information
Cash paid for interest	(2,000)	(286)	(1,868)	(4,473)
Cash paid for income tax	(950)	(136)	0	0
Supplemental disclosure of non-cash investing and financing activities
Increase in lease liabilities arising from obtaining operating lease right-of-use assets	12,065	1,725	18,367	5,113
Decrease in lease liabilities due to termination of lease contacts	(2,750)	(393)	(101,027)	(35,788)
Acquisition of subsidiaries through issuing ordinary shares	¥ 0	$ 0	¥ 5,062	¥ 0

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)
Current assets
Cash and cash equivalents, net of allowances of RMB170 and nil as of December 31, 2024 and 2025, respectively	¥ 250,826	$ 35,868	¥ 233,207
Restricted cash (including amounts of the consolidated VIE of RMB61,708 and RMB51,473 as of December 31, 2024 and 2025, respectively)	51,473	7,361	61,708
Short-term investments	2,936	420	5,000
Contract assets, net of allowances of RMB1,332 and RMB1,252 as of December 31, 2024 and 2025, respectively	86,249	12,333	71,085
Accounts receivable, net of allowances of RMB2,153 and RMB2,097 as of December 31, 2024 and 2025, respectively	172,539	24,673	157,080
Insurance premium receivables, net of allowances of RMB33 and RMB21 as of December 31, 2024 and 2025, respectively	1,141	163	1,763
Amounts due from related parties	¥ 4,315	$ 617	¥ 995
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]	Related Party [Member]
Prepaid expense and other receivables, net of allowances of RMB910 and RMB1,294 as of December 31, 2024 and 2025, respectively	¥ 89,504	$ 12,799	¥ 68,171
Total current assets	658,983	94,234	599,009
Non-current assets
Restricted cash	29,683	4,245	29,883
Contract assets, net of allowances of RMB533 and RMB616 as of December 31, 2024 and 2025, respectively	45,574	6,517	28,435
Property, plant and equipment, net	38,242	5,469	47,083
Intangible assets, net	66,013	9,440	68,840
Long-term investments	65,012	9,297	66,716
Operating lease right-of-use assets	19,349	2,767	20,715
Goodwill	14,075	2,013	14,536
Other non-current assets	1,236	177	8,981
Total non-current assets	279,184	39,925	285,189
Total assets	938,167	134,159	884,198
Current liabilities
Short-term borrowings (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB50,000 and RMB53,000 as of December 31, 2024 and 2025, respectively)	53,000	7,579	50,000
Accounts payable (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB156,692 and RMB155,104 as of December 31, 2024 and 2025, respectively)	194,951	27,878	202,054
Insurance premium payables (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB56,042 and RMB41,295 as of December 31, 2024 and 2025, respectively)	41,295	5,906	56,042
Other payables and accrued expenses (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB31,351 and RMB37,092 as of December 31, 2024 and 2025, respectively)	41,965	6,001	44,434
Payroll and welfare payable (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB26,964 and RMB46,617 as of December 31, 2024 and 2025, respectively)	81,813	11,699	41,005
Income taxes payable (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB2,234 and RMB2,405 as of December 31, 2024 and 2025, respectively)	7,953	1,139	2,575
Operating lease liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB14,953 and RMB14,748 as of December 31, 2024 and 2025, respectively)	17,275	2,470	16,743
Amounts due to related parties (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB2,495 and RMB nil as of December 31, 2024 and 2025, respectively)	¥ 20,415	$ 2,920	¥ 2,495
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]	Related Party [Member]
Total current liabilities	¥ 458,667	$ 65,592	¥ 415,348
Non-current liabilities
Long-term borrowings (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB nil and RMB6,990 as of December 31, 2024 and 2025, respectively)	6,990	1,000	0
Deferred tax liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB10,971 and RMB10,100 as of December 31, 2024 and 2025, respectively)	14,380	2,056	14,875
Operating lease liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB24,082 and RMB12,577 as of December 31, 2024 and 2025, respectively)	14,966	2,140	24,082
Payroll and welfare payable	48	7	649
Other non-current liability (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB nil and RMB4,746 as of December 31, 2024 and 2025, respectively)	11,269	1,611	0
Total non-current liabilities	47,653	6,814	39,606
Total liabilities	506,320	72,406	454,954
Commitments and contingencies
Shareholders' equity
Treasury stock (50,414,900 and 50,414,900 shares as of December 31, 2024 and 2025, respectively)	(29,513)	(4,220)	(29,513)
Additional paid-in capital	910,209	130,158	909,930
Accumulated other comprehensive loss	(14,695)	(2,101)	(12,864)
Accumulated deficit	(454,845)	(65,042)	(458,886)
Total shareholders' equity attributable to Huize Holding Limited shareholders	411,229	58,805	408,740
Non-controlling interests	20,618	2,948	20,504
Total shareholders' equity	431,847	61,753	429,244
Total liabilities and shareholders' equity	938,167	134,159	884,198
Common Class A [Member]
Shareholders' equity
Common shares	63	9	63
Common Class B [Member]
Shareholders' equity
Common shares	¥ 10	$ 1	¥ 10