AIFU Inc 6-K, filed May 30, 2023

AIFU Inc. (AIFU)

6-K 2023-05-30 For: 2023-05-30

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Added on April 11, 2026

About this 6-K

AIFU Inc filed this 6-K on May 30, 2023.

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	Fanhua Inc.

	By:	/s/ Yinan Hu
	Name: Title:	Yinan Hu Chief Executive Officer

Exhibit No.		Description.
Exhibit 99.1		Press Release

(In thousands, except per ADS)	2022Q1 (RMB)			2023Q1 (RMB)			2023Q1 (US$)		Change %
Total net revenues		686,387			827,737			120,528		20.6
Operating income		20,589			60,355			8,789		193.1
Non-GAAP operating income²		20,589			63,474			9,243		208.3
Net income (loss) attributable to the Company’s shareholders		(37,838	)		60,452			8,803		N/A
Non-GAAP net income attributable to the Company’s shareholders³		40,439			63,571			9,257		57.2
Diluted net income (loss) per ADS		(0.70	)		1.13			0.16		N/A
Non-GAAP diluted net income per ADS⁴		0.75			1.18			0.17		57.3
Cash, cash equivalents, short- term investments and others (As of March 31, 2022 and 2023)		1,281,469			1,654,186	⁵		240,868		29.1

	As of December 31,			As of March 31,			As of March 31,
	2022			2023			2023
	RMB			RMB			US$
ASSETS:
Current assets:
Cash and cash equivalents		567,525			574,565			83,663
Restricted cash		59,957			63,469			9,242
Short term investments		347,754			696,401			101,404
Accounts receivable, net		667,554			776,349			113,045
Other receivables		231,049			286,523			41,721
Other current assets		419,735			232,743			33,890
Total current assets		2,293,574			2,630,050			382,965

Non-current assets:
Restricted bank deposit – non-current		20,729			22,747			3,312
Contract assets, net - non-current		385,834			484,345			70,526
Property, plant, and equipment, net		98,459			96,654			14,074
Goodwill and intangible assets, net		109,997			481,300			70,083
Deferred tax assets		20,402			31,958			4,653
Investment in affiliates		4,035			3,704			539
Other non-current assets		11,400			20,042			2,918
Right of use assets		145,086			132,867			19,347
Total non-current assets		795,942			1,273,617			185,452
Total assets		3,089,516			3,903,667			568,417
Current liabilities:
Short-term loan		35,679			208,895			30,417
Accounts payable		436,784			593,920			86,481
Insurance premium payables		16,580			17,488			2,546
Other payables and accrued expenses		174,326			227,286			33,095
Accrued payroll		96,279			94,942			13,825
Income tax payable		130,024			125,235			18,236
Current operating lease liability		62,304			58,409			8,505
Total current liabilities		951,976			1,326,175			193,105

Non-current liabilities:
Accounts payable – non-current		192,917			173,505			25,264
Other tax liabilities		36,647			35,650			5,191
Deferred tax liabilities		102,455			131,365			19,128
Non-current operating lease liability		74,190			67,835			9,878
Total non-current liabilities		406,209			408,355			59,461
Total liabilities		1,358,185			1,734,530			252,566

Ordinary shares		8,091			8,675			1,263
Treasury stock		(10	)		(10	)		(1	)
Additional Paid-in capital		461			213,980			31,158
Statutory reserves		559,520			559,520			81,472
Retained earnings		1,087,984			1,148,436			167,225
Accumulated other comprehensive loss		(32,643	)		(33,350	)		(4,856	)
Total shareholders’ equity		1,623,403			1,897,251			276,261
Non-controlling interests		107,928			271,886			39,590
Total equity		1,731,331			2,169,137			315,851
Total liabilities and equity		3,089,516			3,903,667			568,417

	For the Three Months Ended
	March 31,
	2022			2023			2023
	RMB			RMB			USD
Net revenues:
Agency		587,988			725,552			105,649
Life insurance business		558,574			683,402			99,511
P&C insurance business		29,414			42,150			6,138
Claims adjusting		98,399			102,185			14,879
Total net revenues		686,387			827,737			120,528
Operating costs and expenses:
Agency		(383,443	)		(487,367	)		(70,966	)
Life insurance Business		(363,527	)		(456,616	)		(66,488	)
P&C insurance Business		(19,916	)		(30,751	)		(4,478	)
Claims adjusting		(67,249	)		(65,753	)		(9,574	)
Total operating costs		(450,692	)		(553,120	)		(80,540	)
Selling expenses		(74,868	)		(66,521	)		(9,686	)
General and administrative expenses		(140,238	)		(147,741	)		(21,513	)
Total operating costs and expenses		(665,798	)		(767,382	)		(111,739	)
Income from operations		20,589			60,355			8,789
Other income, net:
Investment income		4,054			12,632			1,839
Interest income		679			5,327			776
Financial cost		—			(1,959	)		(285	)
Others, net		9,973			2,542			370
Income from operations before income taxes and share income of affiliates		35,295			78,897			11,489
Income tax expense		(6,348	)		(18,087	)		(2,634	)
Share of income (loss) of affiliates, net of impairment		(70,634	)		(331	)		(48	)
Net (loss) income		(41,687	)		60,479			8,807
Less: net (loss) income attributable to non-controlling interests		(3,849	)		27			4
Net (loss) income attributable to the Company’s shareholders		(37,838	)		60,452			8,803

	For The Three Months Ended
	December 31,
	2022			2023			2023
	RMB			RMB			US$
Net (loss) income per share:
Basic		(0.04	)		0.06			0.01
Diluted		(0.04	)		0.06			0.01
Net (loss) income per ADS:
Basic		(0.70	)		1.13			0.16
Diluted		(0.70	)		1.13			0.16
Shares used in calculating net income per share:
Basic		1,073,994,006			1,073,981,523			1,073,981,523
Diluted		1,073,994,006			1,074,400,371			1,074,400,371
Net (loss) income		(41,687	)		60,479			8,807
Other comprehensive income, net of tax: Foreign currency translation adjustments		90			(887	)		(129	)
Share of other comprehensive loss of affiliates		(413	)		—			—
Unrealized net (loss) gains on available-for-sale investments		(5,112	)		180			26
Comprehensive (loss) income		(47,122	)		59,772			8,704
Less: Comprehensive (loss) income attributable to the non-controlling interests		(3,849	)		27			4
Comprehensive (loss) income attributable to the Company’s shareholders		(43,273	)		59,745			8,700

	For the Three Months Ended March 31，
	2022											2023
	GAAP			Impairment on investment in affiliates			Share-based Compensation expenses		Non-GAAP			GAAP			Impairment on investment in affiliates		Share-based Compensation expenses			Non-GAAP			Change %
Net revenues		686,387			—			—		686,387			827,737			—		—			827,737			20.6
Selling expenses		(74,868	)		—			—		(74,868	)		(66,521	)		—		(2,685	)		(63,836	)		(14.7	)
General and administrative expenses		(140,238	)		—			—		(140,238	)		(147,741	)		—		(434	)		(147,307	)		5.0
Income from operations		20,589			—			—		20,589			60,355			—		(3,119	)		63,474			208.3
Operating margin		3.0	%							3.0	%		7.3	%							7.7	%		155.6
Share of income and impairment of affiliates, net		(70,634	)		(78,277	)		—		7,643			(331	)		—		—			(331	)		(104.3	)
Net income attributable to the Company’s shareholders		(37,838	)		(78,277	)		—		40,439			60,452			—		(3,119	)		63,571			57.2
Net margin		(5.5	)%							5.9	%		7.3	%							7.7	%		30.4
Net income per share
Basic		(0.04	)		—			—		0.04			0.06								0.06			50.0
Diluted		(0.04	)		—			—		0.04			0.06								0.06			50.0
Net income per ADS：
Basic		(0.70	)		—			—		0.75			1.13								1.18			57.3
Diluted		(0.70	)		—			—		0.75			1.13								1.18			57.3
Shares used in calculating net income per share：
Basic		1,073,994,006						—		1,073,994,006			1,073,981,523								1,073,981,523
Diluted		1,073,994,006						—		1,073,994,006			1,074,400,371								1,074,400,371