Huize County

Huize Reports Third Quarter 2023 Unaudited Financial Results

Retrieved on:

Friday, November 17, 2023

Acquisition, Share repurchase, PIN, Insurance, Depreciation, Research, GWP, Retirement, FYP, Cryptocurrency, Video game, Bank, Huize County

SHENZHEN, China, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points:

SHENZHEN, China, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.
Net profit in the third quarter of 2023 was RMB20.2 million (US$2.8 million) and non-GAAP net profit was RMB18.5 million, marking the fourth consecutive quarter of profitability.
Operating costs were RMB189.3 million (US$25.9 million) in the third quarter of 2023, a decrease of 23.9% from RMB248.7 million in the same period of 2022.
The Company’s management team will hold an earnings conference call at 7:00 A.M. Eastern Time on Friday, November 17, 2023 (8:00 P.M. Beijing/Hong Kong Time on Friday, November 17, 2023).

Huize Partners with Dajia Annuity Insurance to Launch “Dajia Hui Xuan” – A Customized Retirement Annuity Insurance Product

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Wednesday, November 15, 2023

Retirement, Policy, Quality of life, Insurance, Life insurance, Huize County

SHENZHEN, China, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Dajia Annuity Insurance Co., Ltd. (“Dajia Annuity Insurance”) to launch “Dajia Hui Xuan”, a customized retirement annuity insurance product.

Key Points:

SHENZHEN, China, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Dajia Annuity Insurance Co., Ltd. (“Dajia Annuity Insurance”) to launch “Dajia Hui Xuan”, a customized retirement annuity insurance product.
Mr. Cunjun Ma, Founder, Chairman, and Chief Executive Officer of Huize, commented, “We are excited to launch ‘Dajia Hui Xuan’, a product aimed at meeting the retirement needs of our young user base, which has an average age of just 34.5 years old.
Through ‘Dajia Hui Xuan’ and other innovative product offerings, we provide the tools that this demographic needs to achieve their retirement planning goals.
‘Dajia Hui Xuan’ is a strong testimony to our commitment to providing a holistic solution for high-quality insurance protection and retirement planning, catering to the insurance needs of our young mass affluent users in the era of ‘Huize Customized Products 3.0’.”

Huize Partners with Hongkang Life to Launch “Jin Man Yi Zu No.5”: A Customized Retirement Annuity Insurance Product

Retrieved on:

Tuesday, October 17, 2023

Renmin University of China, Insurance, Ageing, CITIC Securities, Life insurance, Huize County

SHENZHEN, China, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Hongkang Life Insurance Co., Ltd. (“Hongkang Life Insurance”) to launch “Jin Man Yi Zu No.5”, a customized retirement annuity insurance product.

Key Points:

SHENZHEN, China, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Hongkang Life Insurance Co., Ltd. (“Hongkang Life Insurance”) to launch “Jin Man Yi Zu No.5”, a customized retirement annuity insurance product.
This new addition to the “Jin Man Yi Zu” series combines family wealth management with retirement planning.
China’s young and middle-aged savers choose commercial retirement insurance products as their preferred option for retirement planning.
As we step into the era of ‘Huize Customized Products 3.0’, we are committed to offering specialized products that meet the diversified needs of our users.

Huize Partners with Junlong Life to Launch “Guardian Critical Care No.6” – A Customized Multiple-Benefit Critical Illness Insurance Product

Retrieved on:

Friday, October 13, 2023

Death, Critical, Critical care, Hospital, Insurance, Cancer, Policy, ICU, Health insurance, Huize County

SHENZHEN, China, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Junlong Life Insurance Company Limited (“Junlong Life”) to launch “Guardian Critical Care No.6”, the latest multiple-benefit critical illness insurance product offering in the “Guardian Critical Care” series, first launched in 2018.

Key Points:

SHENZHEN, China, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Junlong Life Insurance Company Limited (“Junlong Life”) to launch “Guardian Critical Care No.6”, the latest multiple-benefit critical illness insurance product offering in the “Guardian Critical Care” series, first launched in 2018.
The upgraded product also provides customers with value-added health management services.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize, commented, “We are proud to unveil the upgraded product of the ‘Guardian Critical Care’ series, demonstrating our unshakeable commitment to delivering customized products that cater to the extensive insurance coverage needs of our mass affluent users.
As we embark on the era of ‘Huize Customized Products 3.0’, we remain steadfast in our mission to provide cost-effective products from trusted partners and serve the needs of young customers.”

Huize Partners with Dingcheng Life to Launch “Xiao Tao Qi No.2” – A Customized Child Critical Illness Insurance Product

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Wednesday, September 27, 2023

Tao, Insurance, Accident, Hospital, Policy, Child, Hospice and palliative medicine, ICU, Qi, Death, Cancer, Health insurance, Huize County

SHENZHEN, China, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Dingcheng Life Insurance Company Ltd (“Dingcheng Life”) to launch “Xiao Tao Qi No.2”, the latest child critical illness insurance product offering in the “Xiao Tao Qi” series, which extends coverage to more illnesses and increases the hospitalization allowances for families seeking protection for their children.

Key Points:

SHENZHEN, China, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Dingcheng Life Insurance Company Ltd (“Dingcheng Life”) to launch “Xiao Tao Qi No.2”, the latest child critical illness insurance product offering in the “Xiao Tao Qi” series, which extends coverage to more illnesses and increases the hospitalization allowances for families seeking protection for their children.
“Xiao Tao Qi No.2” provides extensive coverage for 190 severe, moderate and mild illnesses (compared to 183 for “Xiao Tao Qi No.1”).
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize, commented, “We are proud to introduce “Xiao Tao Qi No.2,” an enhanced child critical illness insurance product that exemplifies our commitment to meeting the comprehensive protection needs of families with children.
In the era of “Huize 3.0”, “Xiao Tao Qi No.2” stands as the first customized product launched.

Huize Reports Second Quarter 2023 Unaudited Financial Results and Revises Upward Full Year Non-GAAP Net Profit Guidance

Retrieved on:

Tuesday, August 15, 2023

Net profit in the second quarter of 2023 was RMB14.1 million (US$1.9 million).

Key Points:

Net profit in the second quarter of 2023 was RMB14.1 million (US$1.9 million).
This quarter also marks the third consecutive quarter of profitability, with net profit of RMB14.1 million and non-GAAP net profit of RMB19.0 million.
Net profit in the second quarter of 2023 was RMB14.1 million (US$1.9 million), compared with a net loss of RMB39.4 million in the same period of 2022.
Non-GAAP net profit was RMB19.0 million (US$2.6 million) in the second quarter of 2023, compared with a non-GAAP net loss of RMB37.5 million in the same period of 2022.

Huize Partners with China Pacific Life Insurance (HK) to Launch “Jin Man Yi Zu Multi-Currency”– A Customized Whole Life Insurance Product for the Hong Kong Market

Retrieved on:

Friday, August 11, 2023

Insurance, Partnership, China Pacific Insurance Company, GBA, Policy, Element, Retirement, City, Life insurance, Mainland, Huize County, Renminbi

SHENZHEN, China, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that its wholly owned subsidiary Huize Hong Kong Insurance Broker Limited has partnered with China Pacific Life Insurance (H.K.)

Key Points:

SHENZHEN, China, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that its wholly owned subsidiary Huize Hong Kong Insurance Broker Limited has partnered with China Pacific Life Insurance (H.K.)
Company Limited to launch “Jin Man Yi Zu Multi-Currency”, an increasing whole life insurance product customized to meet the retirement planning and savings needs of insurance customers in Hong Kong.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize, commented, “We are pleased to extend the partnership with China Pacific Insurance to Hong Kong with the launch of an innovative new product to facilitate 'underwriting in Hong Kong and retirement in the Mainland'.
With this expanded partnership, we will explore further opportunities to provide cross-boundary insurance services in the GBA and develop market-leading products that address the growing demand among Hong Kong insurance customers for health protection, wealth management, and retirement planning.”

Huize Announces Strategic Partnership with China Pacific Property Insurance and Joint Launch of “Xiao Xin An No.3” – An Accident Insurance Product Customized for the Elderly

Retrieved on:

Thursday, June 15, 2023

Hudson Pacific Properties, Policy, Insurance, Partnership, Big data, Hospital, Health insurance, Huize County

SHENZHEN, China, June 15, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced the signing of a new strategic partnership agreement with China Pacific Property Insurance Co., Ltd. (“China Pacific Property Insurance”).

Key Points:

SHENZHEN, China, June 15, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced the signing of a new strategic partnership agreement with China Pacific Property Insurance Co., Ltd. (“China Pacific Property Insurance”).
The two companies also announced the launch of “Xiao Xin An No.3”, a comprehensive accident insurance product customized to meet the needs of the elderly.
Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize, commented, “Huize has launched 98 insurance products developed by China Pacific Property Insurance including co-developed products since 2011, and we are pleased to deepen our partnership through the establishment of this new strategic alliance.
Together, we will explore better and more efficient ways to satisfy market demands and our customers’ needs.”

Huize Reports First Quarter 2023 Unaudited Financial Results and Revises Upward Full Year Non-GAAP Net Profit Guidance

Retrieved on:

Tuesday, May 30, 2023

Insurance, Advertising, Life, Share repurchase, Marketing, FYP, GWP, US, PIN, Acquisition, Growth, Ecosystem, Research, Cryptocurrency, Bank, Video game, Huize County

We achieved profitability for the second consecutive quarter, with non-GAAP net profit of RMB18.4 million.

Key Points:

We achieved profitability for the second consecutive quarter, with non-GAAP net profit of RMB18.4 million.
GWP, operating revenue and non-GAAP net profit all achieved double-digit growth on a sequential basis during the quarter.
Net profit in the first quarter of 2023 was RMB17.9 million (US$2.6 million), an increase of 68.9% from RMB10.6 million in the same period of 2022.
Non-GAAP net profit was RMB18.4 million (US$2.7 million) in the first quarter of 2023, compared with RMB12.3 million in the same period of 2022.

Huize Holding Limited Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results

Retrieved on:

Monday, March 27, 2023

Insurance, Advertising, Life, Share repurchase, Marketing, FYP, GWP, US, PIN, Acquisition, ABC, Research, Cryptocurrency, Video game, Retail, Drug, Huize County

SHENZHEN, China, March 27, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022.

Key Points:

SHENZHEN, China, March 27, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022.
We achieved non-GAAP net profit of RMB14.1 million in the fourth quarter of 2022, in line with guidance.
Mr. Cunjun Ma, Founder and CEO of Huize, commented, “We are very pleased to report a set of encouraging financial results set against the backdrop of an extremely challenging macro and operational environment in the fourth quarter of 2022.
We recorded a non-GAAP net profit of RMB14.1 million in the fourth quarter of 2022, in line with our guidance from last quarter.