v3.25.1
Acquisitions and Disposals (Tables)
 12 Months Ended
Dec. 31, 2024
Acquisitions and Disposals [Abstract]  
Schedule of Purchase Price to the Assets Acquired and Liabilities Assumed

The following is a summary of the fair value of the purchase price and the final allocation of the purchase price to the assets acquired and liabilities assumed:

 

   RMB 
Consideration transferred    
Stock consideration   153,732 
Contingent consideration   (7,162)
Total   146,570 
Add: Non-controlling interest   107,318 
    253,888 

The following is a summary of the fair value of the purchase price and the final allocation of the purchase price to the assets acquired and liabilities assumed:

 

   RMB 
Consideration transferred    
Stock consideration   35,311 
Contingent consideration   74 
Total   35,385 
Add: Non-controlling interest   33,998 
    69,383 
Schedule of Fair Value of Assets Acquired and Liabilities Assumed
   RMB 
Assets acquired    
Cash and cash equivalents and restricted cash   17,174 
Intangible assets acquired   61,472 
-     software   5,900 
-     Non-compete agreements   8,423 
-     Agent resources   28,749 
-     Insurance broker license   18,400 
Accounts receivable and contract assets   163,396 
Other assets   16,651 
Total assets acquired   258,693 
      
Liabilities Assumed     
Accounts payable and accrued commissions   (173,194)
Deferred tax liabilities   (16,651)
Other payables and accrued expenses   (12,167)
Other liabilities   (9,477)
Total liabilities assumed   (211,489)
Net assets acquired   47,204 
Goodwill   206,684 
   RMB 
Assets acquired    
Cash and cash equivalents and restricted cash   1,226 
Intangible assets acquired   10,930 
-    Non-compete agreements   1,350 
-    Agent resources   7,180 
-    Insurance distribution license   2,400 
Accounts receivable and contract assets, net   7,188 
Other assets   2,602 
Total assets acquired   21,946 
      
Liabilities Assumed     
Accounts payable and accrued commissions   (1,922)
Deferred tax liabilities   (2,732)
Other payables and accrued expenses   (3,777)
Other liabilities   (1,600)
Total liabilities assumed   (10,031)
Net assets acquired   11,915 
Goodwill   57,468 

The consideration, fair value of assets acquired and liabilities assumed, as well as goodwill resulted from the acquisition are as follows:

 

   RMB 
Consideration:    
Cash   31,390 
Recognized amounts of identifiable assets acquired and liabilities assumed:     
Cash and cash equivalents   9,819 
Short term investments   5,360 
Accounts receivables   401 
Other receivable and current assets   33,192 
Property and equipment   11 
Right-of-use assets   521 
Total assets acquired   49,304 
Accounts payables   (4,532)
Accrued expenses and other current liabilities   (13,045)
Lease liability   (465)
Total liabilities assumed   (18,042)
Net assets acquired   31,262 
Goodwill   128