Earnings Call Summary | Huize(HUIZ.US) Q1 2024 Earnings Conference
Earnings Call Summary | Huize(HUIZ.US) Q1 2024 Earnings Conference
The following is a summary of the Huize Holding Limited (HUIZ) Q1 2024 Earnings Call Transcript:
以下是惠澤控股有限公司（HUIZ）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Huize Holdings Limited reported a total gross written premium (GWP) of RMB1.7 billion in Q1 2024, a 38% sequential increase.
The company's total revenue rose by 31.5% sequentially to reach RMB310 million.
The company achieved a net profit of RMB6.9 million, marking their sixth consecutive quarter of profitability.
Long-term insurance GWP made up 90.5% of total GWP, a trend consistent for 18 quarters.
Total operating expenses decreased by 24.9%, improving the expense-to-revenue ratio by 10 percentage points YoY.
惠澤控股有限公司報告稱，2024年第一季度總書面保費（GWP）爲人民幣17億元，連續增長38％。
該公司的總收入連續增長31.5％，達到 RMB310 百萬美元。
該公司實現了人民幣690萬元的淨利潤，這是他們連續第六個季度實現盈利。
長期保險GWP佔總GWP的90.5％，這一趨勢持續了18個季度。
總運營支出下降了24.9％，支出收入比率同比提高了10個百分點。
Business Progress:
業務進展：
First-year premiums (FYP) facilitated on the company's platform more than doubled sequentially to RMB816 million due to the expansion of savings insurance products.
The company gained 220,000 new insurance customers, increasing its customer base to 9.6 million.
Huize is looking to expand their AI product offering and continue co-developing differentiated products with insurer partners.
The company is exploring market expansion opportunities in Southeast Asia, including Singapore, Indonesia, Philippines, and Vietnam.
Huize plans to launch its first overseas market outside of Hong Kong in the next two quarters and aims to increase its international revenues.
The company is considering a merger and acquisitions (M&A) approach for their Southeast Asia expansion, combined with establishing partnerships with local groups.
They plan to return capital to shareholders through dividends in the next 2 to 3 years.
由於儲蓄保險產品的擴展，該公司平台上提供的第一年保費（FYP）連續翻了一番以上，達到 RMB816 百萬美元。
該公司獲得了22萬名新的保險客戶，使其客戶群增加到960萬。
Huize希望擴大其AI產品範圍，並繼續與保險公司合作伙伴共同開發差異化產品。
該公司正在探索東南亞的市場擴張機會，包括新加坡、印度尼西亞、菲律賓和越南。
惠澤計劃在接下來的兩個季度內在香港以外推出其第一個海外市場，並旨在增加其國際收入。
該公司正在考慮採用併購（M&A）方法進行東南亞擴張，同時與當地團體建立合作伙伴關係。
他們計劃在未來2到3年內通過分紅向股東返還資本。
More details: Huize IR
更多詳情： Huize IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。