Smart Finance APP news, Humble Holding (01471) released its six-month performance as of June 30, 2024, with revenue of 88.456 million yuan (RMB, the same below), a year-on-year increase of 8.4%; the company's equity shareholders' profit was 21.588 million yuan, a year-on-year increase of 5.3%; basic earnings per share was 0.20 yuan.

The company's overall gross margin decreased from approximately 44.1% for the six months ended June 30, 2023, to approximately 42.0% for the six months ended June 30, 2024, mainly due to the decrease in the gross margin of the insurance agency business from 42.6% for the same period to 40.5% for the current period. This decrease is mainly attributed to: the increase in the proportion of commission income contributed by accidental insurance products and auto insurance products with relatively low distribution gross margin; and the continuous weakening of consumer demand for several life and health insurance products (non-mandatory non-essential insurance products according to applicable laws) due to overall economic uncertainty, resulting in a decrease in commission income for life and health insurance products with relatively high gross margin.