Huize Holding Limited
- Open
- 1.50
- Day high
- 1.54
- Day low
- 1.47
- Prev close
- 1.52
- Volume
- 95K
- Mkt cap
- $15M
- P/E (TTM)
- 1.3
- EPS (TTM)
- $1.18
- P/B
- 0.2
- P/S
- 0.1
- Yield
- —
- Per share
- —
Huize Holding Limited (HUIZ) is a Financial Services company listed on NASDAQ. The stock is down 43% over the past year. Drillr has 2 published research articles covering HUIZ.
Huize Holding Limited (HUIZ) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
HUIZ earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Sep 12, 2025 | — | $0.10 | — | $55M | — |
| Jun 6, 2025 | $-0.01 | $-0.15 | -1400.0% | $39M | — |
| Mar 24, 2025 | — | $-0.02 | — | $39M | — |
| Dec 10, 2024 | — | $0.04 | — | $53M | — |
| Sep 9, 2024 | — | $-1.30 | — | $39M | +6.5% |
| May 23, 2024 | — | $0.05 | — | $43M | +19.1% |
| Mar 20, 2024 | — | $0.25 | — | $33M | -8.9% |
| Nov 17, 2023 | — | $0.30 | — | $40M | +9.5% |
| Aug 15, 2023 | — | $0.25 | — | $51M | +39.0% |
| May 30, 2023 | — | $0.25 | — | $43M | +18.9% |
| Nov 11, 2022 | — | $-0.15 | — | $49M | — |
| Jun 24, 2022 | — | $0.20 | — | $37M | — |
HUIZ insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 20, 2026 | Ma Cunjundirector, 10 percent owner, officer: Chief Executive Officer | Buy | 10,000 | $1.69 |
| Apr 14, 2026 | Ma Cunjundirector, 10 percent owner, officer: Chief Executive Officer | Buy | 5,000 | $1.50 |
| Apr 10, 2026 | Ma Cunjundirector, 10 percent owner, officer: Chief Executive Officer | Buy | 339 | $1.42 |
| Apr 10, 2026 | Ma Cunjundirector, 10 percent owner, officer: Chief Executive Officer | Buy | 100 | $1.45 |
| Apr 7, 2026 | Ma Cunjundirector, 10 percent owner, officer: Chief Executive Officer | Buy | 2,000 | $1.42 |
| Apr 7, 2026 | Ma Cunjundirector, 10 percent owner, officer: Chief Executive Officer | Buy | 6,000 | $1.42 |
| Apr 7, 2026 | Ma Cunjundirector, 10 percent owner, officer: Chief Executive Officer | Buy | 179 | $1.39 |
| Apr 7, 2026 | Ma Cunjundirector, 10 percent owner, officer: Chief Executive Officer | Buy | 1,000 | $1.39 |
| Apr 6, 2026 | Ma Cunjundirector, 10 percent owner, officer: Chief Executive Officer | Buy | 6,000 | $1.42 |
| Apr 6, 2026 | Ma Cunjundirector, 10 percent owner, officer: Chief Executive Officer | Buy | 179 | $1.39 |
Source: HUIZ SEC Form 4 filings, latest Apr 20, 2026. For informational purposes only — not investment advice.
See the full HUIZ insider & 13F page →HUIZ research & analysis
Offshore Brokers Halt Mainland Deposits and Buy Orders
China's May 2026 plan makes offshore brokers block mainland deposits and buy orders in their own apps; Futu says mid-single-digit percent of client assets left.
01299.HK01788.HK300059.SZHuize (HUIZ) AI Advisor Tools Cut Expense-to-Income Ratio to 24.2% in H1
Huize said AI advisor and claims tools cut its first-half expense-to-income ratio to 24.2%, though absolute operating expenses fell only 1.3%.
Huize Holding Limited company profile
Overview
Huize Holding Limited (NASDAQ:HUIZ) is a Chinese insurance brokerage company founded in 2006 and headquartered in Shenzhen. The company went public on NASDAQ in February 2020, positioning itself as a leading digital insurance platform in China's rapidly evolving insurance market. Huize operates as an intermediary between insurance companies and consumers, leveraging internet and mobile internet channels to distribute insurance products across China and increasingly in international markets including Hong Kong and Southeast Asia.
Business
Huize operates in the insurance brokerage industry, serving as a digital intermediary that connects consumers with insurance companies. Unlike traditional insurance companies that underwrite and bear risk, insurance brokers earn commissions by facilitating the sale of insurance products created by actual insurers. The insurance brokerage model has become increasingly important in China as consumers seek guidance navigating complex insurance products and as insurers look for cost-effective distribution channels. The company's core platform facilitates the sale of various insurance products through digital channels. Huize's primary offerings include: 1. Long-term Life and Savings Insurance Products - These include whole life insurance, term life insurance, and annuity products. Savings insurance products, which combine insurance coverage with investment returns, represent approximately 68.6% of the company's First Year Premiums (FYP) as of 2024. These products typically have higher premium amounts, with average ticket sizes around RMB 59,000. 2. Long-term Health Insurance Products - Critical illness insurance, medical insurance, and other health-related coverage products. These products address China's growing healthcare needs as the population ages and becomes more health-conscious. 3. Short-term Insurance Products - Including travel insurance, individual casualty insurance, and corporate liability insurance. While representing a smaller portion of total premiums, this segment showed 23% year-over-year growth in 2024. The company also provides technology services to insurance companies and independent agents, including digital tools, customer management systems, and AI-powered marketing assistance. This B2B segment generated RMB 15.2 million in technology service revenue as of the most recent reporting period. Huize's international expansion focuses on Southeast Asian markets, with operations in Hong Kong and Vietnam through its acquisition of Global Care, targeting 30% international revenue contribution by 2026.
Revenue model
Huize generates revenue primarily through commission-based income from insurance product sales. When customers purchase insurance policies through Huize's platform, the company receives commissions from the insurance providers, typically ranging from 30-50% of the first-year premium for long-term products. The company also earns ongoing renewal commissions when customers continue their policies in subsequent years. The business model operates across multiple customer channels: 1. Direct-to-Consumer (B2C) - Individual customers purchase insurance directly through Huize's mobile app and website platforms. The company has accumulated over 10.6 million insurance users, with an average customer age of 35.1 years and 68.4% coming from higher-tier cities, representing a premium customer demographic. 2. Business-to-Business (B2B) - Technology services provided to insurance companies, including digital tools, customer management systems, and white-label solutions. 3. Agent Network (B2A) - Supporting independent financial advisors and agents with digital tools, product training, and customer management systems. This segment showed strong growth with 73% year-over-year increase in FYP. Several factors influence Huize's profit margins. Positive margin drivers include the shift toward higher-commission savings and whole life insurance products, improved customer retention rates (currently 40.5%), and AI-powered operational efficiency improvements that reduce customer acquisition and service costs. The company's focus on higher-tier city customers also supports premium pricing. Margin pressures come from regulatory changes in China's insurance industry, including recent commission cap regulations that could reduce broker compensation by 30-50%. Increased competition from other digital insurance platforms and traditional insurers developing direct-to-consumer capabilities also pressures margins. Additionally, the company's international expansion requires upfront investment before generating returns, temporarily impacting profitability. Market conditions significantly affect demand, with economic uncertainty reducing consumer spending on discretionary insurance products, while an aging population and growing health consciousness drive demand for health and life insurance products.
Competitive moat
Huize's competitive moat is moderate but potentially strengthening through several key advantages. The company's primary moat stems from its digital platform ecosystem and accumulated customer data. With over 10.6 million users and partnerships with 139 insurance companies, Huize has created a valuable two-sided marketplace that benefits from network effects - more insurance companies attract more customers, while more customers attract more insurance providers. The company's technological capabilities represent another defensive position. Huize has invested heavily in AI-powered tools for customer service, marketing material generation, and personalized product recommendations. The integration of advanced AI models like DeepSeek into their platform provides operational efficiency advantages that smaller competitors cannot easily replicate. Customer relationships and data create switching costs, particularly for long-term insurance products where customers develop ongoing relationships with the platform. The company's focus on higher-tier city customers with strong retention rates (40.5%) provides a stable revenue base through renewal commissions. However, the moat faces significant challenges. The insurance brokerage industry has low inherent barriers to entry, and large technology companies like Ant Financial (Alipay) and Tencent could leverage their massive user bases to enter the market. Traditional insurance companies are also developing direct-to-consumer capabilities, potentially disintermediating brokers. Regulatory risks pose the most significant threat to the moat. Recent Chinese regulations capping broker commissions directly impact the business model, while changing insurance industry regulations could favor different distribution channels. The company's international expansion represents an attempt to diversify these regulatory risks, but success in foreign markets remains unproven. The competitive landscape is intensifying with both domestic and international players entering China's digital insurance market, limiting pricing power and potentially commoditizing the brokerage service.
Risks & safety
Huize demonstrates moderate financial stability with some areas of concern around cash flow generation and regulatory headwinds. • Liquidity Position: Current ratio of 1.44 and quick ratio of 1.44 indicate adequate short-term liquidity. Cash and short-term investments of RMB 31.8 million provide some cushion, though this represents only about 6 months of operating expenses at current burn rates. • Debt and Solvency: Debt-to-equity ratio of 0.22 is relatively conservative. The company maintains manageable debt levels with total liabilities of RMB 62.0 million against total assets of RMB 120.5 million. • Cash Flow Concerns: Operating cash flow was negative RMB 2.6 million and free cash flow was negative RMB 3.2 million for FY 2024, indicating the business is consuming cash despite reported profitability due to working capital dynamics. • Valuation Metrics: Trading at extremely low multiples - P/E ratio of essentially zero, P/B ratio of 0.029, and EV/EBITDA of 6.3x suggest either deep value or fundamental concerns about business sustainability. • Profitability Volatility: Net income has been volatile, swinging from losses to small profits, indicating sensitivity to market conditions and regulatory changes. • Regulatory Risk: Commission cap regulations pose ongoing threats to the core business model, requiring constant adaptation and potentially permanent margin compression.
Recent development
Over the past few years, Huize has undergone significant strategic transformation in response to evolving market conditions and regulatory changes in China's insurance industry. The company has pivoted toward higher-margin savings and whole life insurance products, with savings products now representing 68.6% of total First Year Premiums compared to previous focus on health insurance products. International expansion has emerged as a key strategic priority. The company established Poni Insurtech headquarters in Singapore and acquired Global Care, a Vietnamese insurtech platform, marking its entry into Southeast Asian markets. Management targets 30% international revenue contribution by 2026, with plans to enter Singapore and Philippines markets within 12 months. AI integration and digital transformation represent another major development focus. Huize has integrated advanced AI models including DeepSeek into its platform, developing AI-powered tools for marketing material generation, customer service support, and sales proposal optimization. The company expects 50% improvement in content production efficiency by year-end 2024. The company has also expanded its omnichannel approach, strengthening its agent network (B2A) segment which showed 73% year-over-year FYP growth. This includes launching user management systems and providing digital tools to independent financial advisors. Product innovation has accelerated with customized products now accounting for 41.2% of total FYP. Huize has launched new insurance products in partnership with major insurers like Aviva-COFCO, focusing on products that address specific customer needs in the changing regulatory environment. In response to regulatory challenges, particularly commission cap regulations, the company has focused on operational efficiency improvements and cost management, achieving significant reductions in operating expense ratios while maintaining service quality.
HUIZ company profile · for informational purposes only — not investment advice.
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