| Schedule of Customer Concentration Estimated Renewal Commissions |
Customers accounting for
10% or more of total net revenues excluding estimated renewal commissions are as follows:
| | |
Years ended December 31, | |
| | |
2023 | | |
% of sales | | |
2024 | | |
% of sales | | |
2025 | | |
% of sales | |
| | |
RMB | | |
| | |
RMB | | |
| | |
RMB | | |
| |
| Sinatay Life Insurance Co., Ltd. (“Sinatay”) | |
| 438,026 | | |
| 15.9 | % | |
| 177,868 | | |
| 12.8 | % | |
| 99,290 | | |
| 13.5 | % |
| Fanhua RONS Insurance Sales & Service Co., Ltd. | |
| * | | |
| * | | |
| * | | |
| * | | |
| 73,738 | | |
| 10.0 | % |
| Aeon Life Insurance Co., Ltd. (“Aeon”). | |
| 295,217 | | |
| 10.7 | | |
| * | | |
| * | % | |
| * | | |
| * | |
| Ping An Property & Casualty
Insurance Company of China, Ltd. (“Ping An”) | |
| * | | |
| * | | |
| 175,205 | | |
| 12.6 | % | |
| * | | |
| * | |
| Ruizhong Life Insurance Co., Ltd. | |
| * | | |
| * | | |
| * | | |
| * | | |
| * | | |
| * | |
| Subtotal | |
| 733,243 | | |
| 25.6 | % | |
| 353,073 | | |
| 25.4 | % | |
| 173,028 | | |
| 23.5 | % |
| * | represented
less than 10% of total net revenues for the year. |
Customers which accounted
for 10% or more of gross accounts receivable excluding estimated renewal commissions are as follows:
| | |
As of December 31, | |
| | |
2024 | | |
% | | |
2025 | | |
% | |
| Sinatay | |
| 29,567 | | |
| 30.7 | % | |
| 14,136 | | |
| 20.9 | % |
| Fanhua RONS Insurance Sales & Service Co., Ltd. | |
| 29,063 | | |
| 30.2 | % | |
| 12,247 | | |
| 18.1 | % |
| AVIVA-COFCO Life Insurance Co., Ltd. | |
| * | | |
| * | | |
| 9,795 | | |
| 14.5 | % |
| Ruizhong Life Insurance Co., Ltd. | |
| 10,291 | | |
| 10.7 | % | |
| 8,602 | | |
| 12.7 | % |
| Subtotal | |
| 68,921 | | |
| 71.6 | % | |
| 44,780 | | |
| 66.2 | % |
| * | represented
less than 10% of accounts receivable as of the year end. |
|