AIFU Inc 6-K, filed Nov 25, 2022

AIFU Inc. (AIFU)

6-K 2022-11-25 For: 2022-11-25

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Added on April 11, 2026

About this 6-K

AIFU Inc filed this 6-K on November 25, 2022.

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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
Exhibit 99.2		Press Release
Exhibit 99.3		Press Release

(In thousands, except per ADS data)	2021Q3 (RMB)		2022Q3 (RMB)			2022Q3 (US$)		Change %
Total net revenues		683,537		624,746			87,825		(8.6	)
Operating income		28,163		32,165			4,522		14.2
Net income attributable to the Company’s shareholders		34,250		35,371			4,972		3.3
Diluted net income per ADS		0.64		0.66			0.09		3.1
Cash, cash equivalents and short-term investments and others (as of September 30, 2021 and 2022)		1,397,727		1,296,926	²		182,319		(7.2	)

	As of December 31,			As of September 30,			As of September 30,
	2021			2022			2022
	RMB			RMB			US$
ASSETS:
Current assets:
Cash and cash equivalents		564,624			377,310			53,041
Restricted cash		76,303			64,949			9,130
Short term investments		870,682			540,591			75,995
Accounts receivable, net		653,757			582,905			81,943
Other receivables		60,755			279,627			39,309
Other current assets		39,947			220,901			31,054
Total current assets		2,266,068			2,066,283			290,472

Non-current assets:
Restricted bank deposit – non-current		15,595			20,578			2,893
Contract assets, net - non-current		192,114			323,137			45,426
Property, plant, and equipment, net		46,800			103,233			14,512
Goodwill and intangible assets, net		109,869			109,997			15,463
Deferred tax assets		18,728			22,035			3,098
Investment in affiliates		335,808			4,877			686
Other non-current assets		31,459			31,310			4,401
Right of use assets		225,677			175,849			24,720
Total non-current assets		976,050			791,016			111,199
Total assets		3,242,118			2,857,299			401,671
Current liabilities:
Accounts payable		377,558			294,935			41,461
Insurance premium payables		24,054			18,614			2,617
Other payables and accrued expenses		178,157			184,049			25,873
Accrued payroll		111,672			94,825			13,330
Income tax payable		130,222			121,610			17,096
Current operating lease liability		87,012			72,495			10,191
Total current liabilities		908,675			786,528			110,568

Non-current liabilities:
Accounts payable – non-current		97,869			164,617			23,141
Other tax liabilities		73,213			45,788			6,437
Deferred tax liabilities		73,716			93,413			13,132
Non-current operating lease liability		128,283			93,270			13,111
Total non-current liabilities		373,081			397,088			55,821
Total liabilities		1,281,756			1,183,616			166,389

Ordinary shares		8,089			8,091			1,137
Additional Paid-in capital		—			162			23
Statutory reserves		557,221			557,221			78,333
Retained earnings		1,311,715			1,023,641			143,901
Accumulated other comprehensive loss		(39,140	)		(28,468	)		(4,002	)
Total shareholders’ equity		1,837,885			1,560,647			219,392
Non-controlling interests		122,477			113,036			15,890
Total equity		1,960,362			1,673,683			235,282
Total liabilities and equity		3,242,118			2,857,299			401,671

	For the Three Months Ended									For the Nine Months Ended
	September 30,									September 30,
	2021			2022			2022			2021			2022			2022
	RMB			RMB			USD			RMB			RMB			US$
Net revenues:
Agency		562,127			522,702			73,480			2,139,684			1,714,096			240,964
Life insurance business		525,241			480,605			67,562			2,037,264			1,609,833			226,307
P&C insurance business		36,886			42,097			5,918			102,420			104,263			14,657
Claims adjusting		121,410			102,044			14,345			328,801			300,153			42,195
Total net revenues		683,537			624,746			87,825			2,468,485			2,014,249			283,159
Operating costs and expenses:
Agency		(367,452	)		(324,164	)		(45,570	)		(1,405,090	)		(1,098,865	)		(154,476	)
Life insurance Business		(341,577	)		(298,915	)		(42,021	)		(1,331,519	)		(1,030,418	)		(144,854	)
P&C insurance Business		(25,875	)		(25,249	)		(3,549	)		(73,571	)		(68,447	)		(9,622	)
Claims adjusting		(73,426	)		(69,253	)		(9,735	)		(205,182	)		(202,329	)		(28,443	)
Total operating costs		(440,878	)		(393,417	)		(55,305	)		(1,610,272	)		(1,301,194	)		(182,919	)
Selling expenses		(71,627	)		(69,323	)		(9,745	)		(229,352	)		(210,952	)		(29,655	)
General and administrative expenses		(142,869	)		(129,841	)		(18,253	)		(409,292	)		(418,321	)		(58,807	)
Total operating costs and expenses		(655,374	)		(592,581	)		(83,303	)		(2,248,916	)		(1,930,467	)		(271,381	)
Income from operations		28,163			32,165			4,522			219,569			83,782			11,778
Other income, net:
Investment income		8,847			2,770			389			25,388			9,044			1,271
Interest income		468			7,938			1,116			1,510			9,775			1,374
Others, net		6,116			(488	)		(69	)		24,111			8,920			1,254
Income from operations before income taxes and share of income of affiliates		43,594			42,385			5,958			270,578			111,521			15,677
Income tax expense		(9,315	)		(8,562	)		(1,204	)		(57,906	)		(22,551	)		(3,170	)
Share income of affiliates		2,486			(621	)		(87	)		28,813			(68,755	)		(9,665	)
Net income		36,765			33,202			4,667			241,485			20,215			2,842
Less: net income (loss) attributable to non-controlling interests		2,515			(2,169	)		(305	)		1,445			(9,441	)		(1,327	)
Net income attributable to the Company’s shareholders		34,250			35,371			4,972			240,040			29,656			4,169