v3.26.3
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting

(22) Segment Reporting

 

During the fiscal year ended December 31, 2025, the Group disposed of Meidiya and its subsidiaries including the operating entity of its former claims adjusting business, which constituted a discontinued operation. As the discontinued operation previously formed the claims adjusting reportable segment, the comparative segment information has been retrospectively revised to reflect continuing operations only. As of June 30, 2026, the Group operated two reportable segments, including i) the insurance agency segment, which mainly consists of providing agency services for distributing life insurance products and brokerage services for distributing non-life insurance products on behalf of insurance companies and ii) health and wellness (“H&W”) segment which mainly consists of the sales of premium tea products. Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the Group’s chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Group’s CODM is the Chief Executive Officer. 

 

The following table shows the Group’s operations by business segment for the six months ended June 30, 2025 and 2026. Other represents revenue and expenses that are not allocated to reportable segments and corporate related items.

 

    For the six months ended June 30, 2026  
    Agency     H&W     Other     Consolidated  
    RMB     RMB     RMB     RMB     USD  
    (In thousands)  
Total revenues     224,493       1,687       —       226,180       33,334  
Operating costs and expenses:     —       —       —       —       —  
Cost of revenues     (96,946 )     (1,651 )     —       (98,597 )     (14,531 )
Selling expenses     (24,926 )     —       —       (24,926 )     (3,674 )
General and administrative expenses     (51,647 )     (11 )     (18,087 )     (69,745 )     (10,279 )
Total operating costs and expenses     (173,519 )     (1,662 )     (18,087 )     (193,268 )     (28,484 )
Operating profit (loss)     50,974       25       (18,087 )     32,912       4,850  
Loss from fair value change     —       —       (1,112 )     (1,112 )     (164 )
Investment loss     —       —       (804 )     (804 )     (118 )
Reversal of (Provision for) credit losses     (800 )     (1 )     4,000       3,199       472  
Interest income     114       —       7       121       18  
Financial cost     (2,954 )     —       (2 )     (2,956 )     (436 )
Others,net     (17,115 )     0       42,031       24,916       3,672  
Income before income taxes     30,219       24       26,033       56,276       8,294  
Income Tax expense     (5,223 )     —       (2,977 )     (8,200 )     (1,209 )
Net income     24,996       24       23,056       48,076       7,085  
Net loss attributable to non-controlling interests     207       —       —       207       31  
Net income attributable to AIFU Inc.     25,203       24       23,056       48,283       7,116  

 

 

    For the six months ended June 30, 2025  
    Agency     Other     Consolidated  
    RMB     RMB     RMB  
    (In thousands)  
Total revenues     297,447       —       297,447  
Operating costs and expenses:                        
Cost of revenues     (142,567 )     —       (142,567 )
Selling expenses     (33,228 )     10,057       (23,171 )
General and administrative expenses     (88,327 )     (51,180 )     (139,507 )
Impairment loss                        
Total operating costs and expenses     (264,122 )     (41,123 )     (305,245 )
Operating profit (loss)     33,325       (41,123 )     (7,798 )
Loss from fair value change     —       (17,960 )     (17,960 )
Investment income     10       5,015       5,025  
Gains from disposal of subsidiaries     —       6,313       6,313  
Interest income     16       16,605       16,621  
Financial cost     (2,209 )     —       (2,209 )
Provision for credit losses     (37 )     (487,546 )     (487,583 )
Others,net     73       22,573       22,646  
Income (Loss) before income taxes     31,178       (496,123 )     (464,945 )
Income tax expense     (5,940 )     (2,460 )     (8,400 )
Net income (loss)     25,238       (498,583 )     (473,345 )
Less: net loss attributable to non-controlling interests     4,406       —       4,406  
Net income (loss) attributable to AIFU Inc.     29,644       (498,583 )     (468,939 )

 

Substantially all of the Group’s revenues for the six months ended June 30, 2025 and 2026 were generated from the PRC. A substantial portion of the identifiable assets of the Group is located in the PRC. Accordingly, no geographical segments are presented.