First Half 2026 Financial Results
GWP and operating revenue
GWP facilitated on our
platform was RMB4,196.4 million (US$618.5 million) in the first half of 2026, representing an increase of 29.8% from RMB3,233.7 million in the same period of 2025. Within GWP facilitated in the first half of 2026, FYP accounted for
RMB2,763.0 million (or 65.8% of total GWP), representing an increase of 48.7% year-over-year. Renewal premiums accounted for RMB1,433.4 million (or 34.2% of total GWP), representing an increase of 4.2% year-over-year.
Operating revenue was RMB719.8 million (US$106.1 million) in the first half of 2026, representing an increase of 5.8% from RMB680.5 million in the
same period of 2025. The increase was primarily driven by growth in both FYP facilitated and renewal premiums.
Operating costs
Operating costs were RMB523.7 million (US$77.2 million) in the first half of 2026, representing an increase of 5.1% from RMB498.2 million in the same
period of 2025, primarily due to an increase in channel expenses.
Operating expenses
Selling expenses were RMB109.8 million (US$16.2 million) in the first half of 2026, representing an increase of 10.0% from RMB99.8 million in the
same period of 2025, primarily due to an increase in advertising and marketing expenses.
General and administrative expenses were RMB33.0 million
(US$4.9 million) in the first half of 2026, representing a decrease of 31.4% from RMB48.2 million in the same period of 2025. This decrease was primarily due to a decrease in share-based compensation expenses and office expenses.
Research and development expenses were RMB31.7 million (US$4.7 million) in the first half of 2026, representing an increase of 7.8% from
RMB29.4 million in the same period of 2025, primarily due to the increase in external technical service costs in support of our technology development initiatives.
Net profit and non-GAAP net profit for the period
Net profit attributable to common shareholders was RMB25.3 million (US$3.7 million) in the first half of 2026, compared to net profit attributable to
common shareholders of RMB2.3 million in the same period of 2025. Non-GAAP net profit attributable to common shareholders was RMB3.1 million (US$0.5 million) in the first half of 2026, compared to non-GAAP net loss attributable to common shareholders of RMB3.3 million in the same period of 2025.
Cash and
cash equivalents
As of June 30, 2026, the Company’s cash and cash equivalents amounted to RMB241.4 million (US$35.6 million),
compared to RMB250.8 million as of December 31, 2025.
Conference Call
The Company’s management team will hold an earnings conference call at 8:00 A.M. Eastern Time on Thursday, August 20, 2026 (8:00 P.M. Beijing/Hong
Kong Time on Thursday, August 20, 2026). Details of the conference call are as follows:
Event Title: Huize Holding Limited’s First Half 2026
Earnings Conference Call
Registration Link: https://register-conf.media-server.com/register/BI3e1c9859199c423aa4a0dea7b00027a2
All participants must use the link provided above to complete the online registration before the conference call. Upon registration, each participant will
receive a confirmation email containing dial-in numbers and a unique access PIN for joining the conference call.
Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at
http://ir.huize.com.
About Huize Holding Limited
Huize Holding Limited is a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through
data-driven and AI-powered solutions in Asia. Targeting mass affluent consumers, Huize is dedicated to serving consumers for their life-long insurance needs. Its online-to-offline integrated insurance ecosystem covers the entire insurance life cycle and offers consumers a wide spectrum of insurance products, one-stop services,
and a streamlined transaction experience across all scenarios. By leveraging AI, data analytics, and digital capabilities, Huize empowers the insurance service chain with proprietary technology-enabled solutions for insurance consultation, user
engagement, marketing, risk management, and claims service.
For more information, please visit http://ir.huize.com or follow us on social media
via LinkedIn (https://www.linkedin.com/company/huize-holding-limited), X (https://x.com/huizeholding) and Webull
(https://www.webull.com/quote/nasdaq-huiz).
Use of Non-GAAP
Financial Measure Statement
In evaluating our business, we consider and use non-GAAP net profit/(loss)
attributable to common shareholders as a supplemental measure to review and assess our operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or
as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define non-GAAP net profit/(loss) attributable to common shareholders as net profit/(loss) attributable to
common shareholders excluding share-based compensation expenses. Such adjustments have no impact on income tax because either the non-GAAP adjustments were recorded at entities located in tax free
jurisdictions, such as the Cayman Islands or because the non-GAAP adjustments were recorded at operating entities located in the PRC for which the non-GAAP adjustments
were not deductible for tax purposes.
We present the non-GAAP financial measure because it is used by our
management to evaluate our operating performance and formulate business plans. Non-GAAP net profit/(loss) attributable to common shareholders enables our management to assess our operating results without
considering the impact of share-based compensation expenses. We also believe that the use of this non-GAAP financial measure facilitates investors’ assessment of our operating performance.
This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. One of the key limitations of using adjusted net profit/(loss) attributable to common shareholders is that it does not reflect all items of income
and expense that affect our operations. Further, the non-GAAP financial measure may differ from the non-GAAP financial information used by other companies, including
peer companies, and therefore their comparability may be limited.
The non-GAAP financial measure should not be
considered in isolation or construed as an alternative to net profit/(loss) attributable to common shareholders or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review the historical non-GAAP financial measure in light of the most directly comparable GAAP measure, as shown below. The non-GAAP financial measure presented here may not be comparable to
similarly titled measure presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing our data comparatively. We encourage investors and others to review
our financial information in its entirety and not rely on a single financial measure.