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Huize Holding Limited (NASDAQ: HUIZ) is a premier digital insurance product and service platform catering to new-generation consumers in China. The company operates an independent online platform that distributes insurance products underwritten by its partnered insurance companies. These insurer partners rely on Huize to connect with a large clientele through various internet and mobile channels.
Huize offers a digitalized insurance purchasing experience, backed by AI-powered tools and data-driven insights. The platform supports the entire insurance life cycle, from consultation, user engagement, marketing, and risk management to claims services. The company targets mass affluent consumers, providing a comprehensive range of insurance products and one-stop services that streamline the transaction process.
Recent achievements include the launch of products like “Darwin Critical Care No.9” and “i Wu You – Low-Threshold Edition,” which are designed to provide extensive coverage and flexible options for customers with various health conditions. The company also recently announced its participation in the 14th Annual LD Micro Invitational, reflecting its active engagement in the financial community.
Financially, Huize generates revenue from the brokerage fees paid by its insurer partners. The company's strong focus on leveraging technology and data analytics has positioned it as a leader in the insurance technology sector in China. Partnerships with prominent insurance carriers further bolster its market position, enabling it to offer innovative and customer-centric products.
For the latest updates and more information, please visit Huize’s Investor Relations page.
Huize Holding Limited (NASDAQ: HUIZ) announced that it has regained compliance with Nasdaq's Minimum Bid Price Requirement. The Compliance Notice from Nasdaq confirmed that Huize's American depositary shares (ADSs) had a closing bid price of $1.00 or greater for 11 consecutive business days from November 28 to December 12, 2022. Previously, the company was notified on October 12, 2022, that it was not in compliance due to its ADSs closing below $1.00 for 30 consecutive days. The matter is now resolved, allowing Huize to maintain its listing on Nasdaq.
Huize Holding Limited (NASDAQ: HUIZ) reported its third quarter 2022 financial results, demonstrating robust growth amidst market challenges. The company achieved a 29.4% increase in Gross Written Premiums (GWP) to RMB1,249.0 million, with first-year premiums rising 34.0% to RMB684.9 million. Operating revenue grew by 11.6% to RMB351.8 million, while operating expenses decreased by 27.7% to RMB115.9 million. The net loss significantly reduced to RMB10.5 million from RMB78.9 million year-over-year. Huize expects to achieve profitability in Q4 2022.
Huize Holding Limited (NASDAQ: HUIZ) announced plans to release its third quarter 2022 unaudited financial results on November 11, 2022, before U.S. market opening. The company will also host an earnings conference call at 7:00 A.M. Eastern Time on the same day. Investors can register for the call online, and a live and archived webcast will be available on Huize's investor relations website. Huize is focused on providing digital insurance products for younger consumers in China, emphasizing long-term life and health insurance services.
Huize Holding Limited (NASDAQ: HUIZ) will hold its annual general meeting on December 1, 2022, in Shenzhen, China, at 10:00 AM (Beijing time). No proposals will be submitted for shareholder approval, as the meeting will serve as a forum for discussions between shareholders and management. The record date for eligibility is set for November 2, 2022. The annual report, including audited financials for the year ended December 31, 2021, is available on the Company’s website and the SEC's website.
Huize Holding Limited (NASDAQ: HUIZ) has partnered with Guolian Life Insurance to launch the "Darwin Critical Care No. 7" insurance product. This new offering enhances coverage for severe and mild illnesses, including ICU hospitalization benefits. Key features include coverage for 110 critical illnesses, up to 8 claims, and additional benefits for severe malignant tumors. The Darwin series has provided over RMB90 billion in coverage since its 2018 launch, serving over 200,000 customers. Huize aims to leverage its data analytics and market expertise to meet growing insurance demands.
Huize Holding Limited (NASDAQ: HUIZ) received a notification from Nasdaq indicating that its American depositary shares (ADSs) have traded below the minimum bid price of $1.00 for 30 consecutive business days. The company is granted a 180-day compliance period until April 10, 2023, to regain compliance. If the price rises above $1.00 for ten consecutive days during this period, Nasdaq will confirm compliance. Should compliance not be met, Huize may be eligible for an additional 180 days and could consider a reverse stock split.
Huize Holding Limited (NASDAQ: HUIZ) reported strong second-quarter results for 2022, with Gross Written Premiums (GWP) increasing by 30.5% year-over-year to RMB 871.8 million. First-year premiums rose 59.9% to RMB 484.9 million, while operating revenue climbed 13.5% to RMB 248.2 million. Operating expenses decreased by 17.6%, leading to a reduced net loss of RMB 39.4 million. The company maintains its guidance for achieving profitability in the second half of 2022.
Huize Holding Limited (NASDAQ: HUIZ), a digital insurance platform in China, will release its second quarter 2022 unaudited financial results on September 23, 2022. The management team will host an earnings conference call at 8:00 A.M. ET the same day. Interested participants must register online to receive dial-in numbers and access PINs. Huize focuses on providing tailored insurance solutions, particularly for younger consumers, enhancing the client experience through digital services. Detailed information, including registration and access to the webcast, is available on their investor relations website.
Huize Holding Limited (NASDAQ: HUIZ) reported its Q1 2022 results, revealing a 4.0% decline in Gross Written Premiums (GWP) to RMB1,338.0 million, despite a 113.9% surge in renewal premiums to RMB1,077.8 million. Operating revenue dropped 59.3% to RMB299.5 million, attributed to a decrease in first year premiums. However, operating costs fell significantly by 59.7%, boosting net profit to RMB10.6 million. The company anticipates quarterly profitability in the latter half of 2022, supported by improved operational efficiency and strategic investments.
Huize Holding Limited (NASDAQ: HUIZ) announced plans to release its first quarter 2022 financial results before market open on June 24, 2022. The management team will host a conference call at 8:00 AM ET to discuss the results. Interested participants must register online to receive dial-in information. The call will be available for replay until June 30, 2022. Huize provides digital insurance services for younger consumers in China, focusing on life and health insurance products.
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