| Schedule of Segment Reporting Information, by Segment |
The following table shows
the Group’s operations by business segment for the years ended December 31, 2023, 2024 and 2025. Other represents revenue and expenses
that are not allocated to reportable segments and corporate related items.
| | |
For the year ended December 31, 2025 | |
| | |
Agency | | |
Other | | |
Consolidated | | |
Consolidated | |
| | |
RMB | | |
RMB | | |
RMB | | |
USD | |
| | |
(In thousands) | |
| Total revenues | |
| 556,567 | | |
| — | | |
| 556,567 | | |
| 79,588 | |
| Operating costs and expenses: | |
| | | |
| | | |
| | | |
| | |
| Cost of revenues | |
| (282,300 | ) | |
| — | | |
| (282,300 | ) | |
| (40,369 | ) |
| Selling expenses | |
| (60,655 | ) | |
| — | | |
| (60,655 | ) | |
| (8,674 | ) |
| General and administrative expenses | |
| (182,016 | ) | |
| (70,653 | ) | |
| (252,669 | ) | |
| (36,131 | ) |
| Total operating costs and expenses | |
| (524,971 | ) | |
| (70,653 | ) | |
| (595,624 | ) | |
| (85,174 | ) |
| Operating profit (loss) | |
| 31,596 | | |
| (70,653 | ) | |
| (39,057 | ) | |
| (5,586 | ) |
| Loss from fair value change | |
| — | | |
| (24,976 | ) | |
| (24,976 | ) | |
| (3,572 | ) |
| Investment income | |
| — | | |
| 39,483 | | |
| 39,483 | | |
| 5,646 | |
| Gains from disposal of subsidiaries | |
| (25,084 | ) | |
| (91,521 | ) | |
| (116,605 | ) | |
| (16,674 | ) |
| Interest income | |
| 63 | | |
| 30,144 | | |
| 30,207 | | |
| 4,320 | |
| Financial cost | |
| (3,686 | ) | |
| (24 | ) | |
| (3,710 | ) | |
| (531 | ) |
| Others,net | |
| 13,960 | | |
| (2,172,548 | ) | |
| (2,158,588 | ) | |
| (308,673 | ) |
| Income (Loss) before income taxes | |
| 16,849 | | |
| (2,290,095 | ) | |
| (2,273,246 | ) | |
| (325,070 | ) |
| Income Tax expense | |
| (1,063 | ) | |
| (2,957 | ) | |
| (4,020 | ) | |
| (575 | ) |
| Net income (loss) | |
| 15,786 | | |
| (2,293,052 | ) | |
| (2,277,266 | ) | |
| (325,645 | ) |
| Less: net income (loss) attributable to non-controlling interests | |
| 1,350 | | |
| — | | |
| 1,350 | | |
| 193 | |
| Net income (loss) attributable to AIFU Inc. | |
| 14,436 | | |
| (2,293,052 | ) | |
| (2,278,616 | ) | |
| (325,838 | ) |
| | |
For the year ended December 31, 2024 | |
| | |
Agency | | |
Other | | |
Consolidated | |
| | |
RMB | | |
RMB | | |
RMB | |
| | |
(In thousands) | |
| Total revenues | |
| 1,331,778 | | |
| — | | |
| 1,331,778 | |
| Operating costs and expenses: | |
| | | |
| | | |
| | |
| Cost of revenues | |
| (799,781 | ) | |
| — | | |
| (799,781 | ) |
| Selling expenses | |
| (86,372 | ) | |
| (17,922 | ) | |
| (104,294 | ) |
| General and administrative expenses | |
| (329,519 | ) | |
| (141,181 | ) | |
| (470,700 | ) |
| Impairment loss | |
| (404,121 | ) | |
| — | | |
| (404,121 | ) |
| Total operating costs and expenses | |
| (1,619,793 | ) | |
| (159,103 | ) | |
| (1,778,896 | ) |
| Operating loss | |
| (288,015 | ) | |
| (159,103 | ) | |
| (447,118 | ) |
| Loss from fair value change | |
| — | | |
| (78,499 | ) | |
| (78,499 | ) |
| Investment income | |
| 42,288 | | |
| — | | |
| 42,288 | |
| Gains from disposal of subsidiaries | |
| — | | |
| 897,306 | | |
| 897,306 | |
| Interest income | |
| 2,144 | | |
| 12,948 | | |
| 15,092 | |
| Financial cost | |
| (4,450 | ) | |
| 1,135 | | |
| (3,315 | ) |
| Others,net | |
| (136,875 | ) | |
| 112,429 | | |
| (24,446 | ) |
| (Loss) Income before income taxes | |
| (384,908 | ) | |
| 786,216 | | |
| 401,308 | |
| Income tax expense | |
| 11,867 | | |
| (103,821 | ) | |
| (91,954 | ) |
| Share of loss of affiliates | |
| — | | |
| (5,052 | ) | |
| (5,052 | ) |
| Net (loss) income | |
| (373,041 | ) | |
| 677,343 | | |
| 304,302 | |
| Less: net loss attributable to non-controlling interests | |
| (148,720 | ) | |
| — | | |
| (148,720 | ) |
| Net (loss) income attributable to AIFU Inc. | |
| (224,321 | ) | |
| 677,343 | | |
| 453,022 | |
| | |
For the year ended December 31, 2023 | |
| | |
Agency | | |
Other | | |
Consolidated | |
| | |
RMB | | |
RMB | | |
RMB | |
| Net revenues: | |
(In thousands) | |
| Total net revenues | |
| 2,760,448 | | |
| — | | |
| 2,760,448 | |
| Operating costs and expenses: | |
| | | |
| | | |
| | |
| Total operating costs | |
| (1,868,672 | ) | |
| — | | |
| (1,868,672 | ) |
| Selling expenses | |
| (131,934 | ) | |
| (19,896 | ) | |
| (151,830 | ) |
| General and administrative expenses | |
| (421,780 | ) | |
| (141,693 | ) | |
| (563,473 | ) |
| Impairment loss | |
| — | | |
| — | | |
| — | |
| Total operating costs and expenses | |
| (2,422,386 | ) | |
| (161,589 | ) | |
| (2,583,975 | ) |
| Income (Loss) from operations | |
| 338,062 | | |
| (161,589 | ) | |
| 176,473 | |
| Other income, net: | |
| | | |
| | | |
| | |
| Gains from fair value change | |
| — | | |
| 102,867 | | |
| 102,867 | |
| Investment income related to the realized gain on available-for-sale investments | |
| 7,221 | | |
| 41,029 | | |
| 48,250 | |
| Losses from disposal of subsidiaries | |
| (2,904 | ) | |
| — | | |
| (2,904 | ) |
| Interest income | |
| 1,448 | | |
| 13,557 | | |
| 15,005 | |
| Financial cost | |
| (10,055 | ) | |
| — | | |
| (10,055 | ) |
| Others, net | |
| 3,457 | | |
| 15,674 | | |
| 19,131 | |
| Income before income taxes, share of income and impairment of affiliates, net | |
| 337,229 | | |
| 11,538 | | |
| 348,767 | |
| Income tax expense | |
| (57,086 | ) | |
| (2,120 | ) | |
| (59,206 | ) |
| Share of income of affiliates, net of impairment | |
| (1,317 | ) | |
| — | | |
| (1,317 | ) |
| Net income | |
| 278,826 | | |
| 9,418 | | |
| 288,244 | |
| Less: net income attributable to the noncontrolling interests | |
| 4,773 | | |
| — | | |
| 4,773 | |
| Net income attributable to the Company’s shareholders | |
| 274,053 | | |
| 9,418 | | |
| 283,471 | |
|