Huize annual revenue was ¥508.83 m in FY 2018

Huize Gross profit (Q3, 2019)94.3 M

Huize Gross profit margin (Q3, 2019), %33.2%

Huize Net income (Q3, 2019)16.1 M

Huize EBIT (Q3, 2019)14.8 M

Huize Cash, 30-Sept-201949.6 M

Huize revenue was ¥508.83 m in FY, 2018 which is a 93.2% year over year increase from the previous period.

Huize revenue breakdown by business segment: 99.0% from Brokerage Income and 1.0% from Other

CNY | FY, 2017 | FY, 2018 |
---|---|---|

## Revenue | 263.3m | 508.8m |

| 93% | |

## Cost of goods sold | 164.8m | 316.4m |

## Gross profit | 98.6m | 192.4m |

| 37% | 38% |

## Sales and marketing expense | 105.0m | 94.6m |

## R&D expense | 50.1m | 24.9m |

## General and administrative expense | 41.9m | 46.2m |

## Operating expense total | 198.9m | 167.6m |

## EBIT | (100.3m) | 24.8m |

| (38%) | 5% |

## Interest expense | 27.1m | |

## Interest income | 655.0k | |

## Pre tax profit | (97.6m) | 1.9m |

## Income tax expense | 406.0k | 278.0k |

## Net Income | (97.0m) | 2.9m |

CNY | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 67.3m | 54.6m | 73.8m | 108.0m | 147.9m | 179.1m | 251.6m | 199.9m | 283.6m |

## Cost of goods sold | 45.2m | 33.2m | 42.2m | 67.3m | 93.0m | 114.0m | 153.9m | 126.4m | 189.3m |

## Gross profit | 22.1m | 21.4m | 31.6m | 40.7m | 54.9m | 65.1m | 97.6m | 73.5m | 94.3m |

| 33% | 39% | 43% | 38% | 37% | 36% | 39% | 37% | 33% |

## Sales and marketing expense | 21.4m | 26.7m | 20.0m | 19.6m | 23.6m | 31.4m | 28.9m | 33.7m | 40.2m |

## R&D expense | 12.6m | 11.8m | 7.1m | 4.9m | 5.6m | 7.3m | 6.4m | 7.5m | 8.1m |

## General and administrative expense | 11.0m | 10.0m | 9.6m | 9.5m | 9.1m | 18.0m | 18.3m | 78.3m | 30.6m |

## Operating expense total | 45.5m | 49.0m | 37.2m | 34.4m | 38.8m | 57.3m | 54.1m | 119.9m | 79.5m |

## EBIT | (23.4m) | (27.6m) | (5.5m) | 6.3m | 16.1m | 7.9m | 43.5m | (46.4m) | 14.8m |

| (35%) | (51%) | (8%) | 6% | 11% | 4% | 17% | (23%) | 5% |

## Interest expense | 150.0k | 137.0k | 12.9m | 13.9m | 144.0k | 118.0k | 3.0k | ||

## Interest income | 234.0k | 191.0k | |||||||

## Investment income | 64.0k | 9.0k | 675.0k | ||||||

## Pre tax profit | (22.6m) | (27.1m) | (2.3m) | 7.0m | 2.9m | (5.6m) | 47.3m | (40.7m) | 16.4m |

## Income tax expense | 279.0k | 8.0k | 51.0k | 53.0k | (113.0k) | 287.0k | 32.0k | 112.0k | 232.0k |

## Net Income | (22.0m) | (27.1m) | (2.5m) | 6.8m | 2.9m | (4.2m) | 47.0m | (40.6m) | 16.1m |

CNY | FY, 2017 | FY, 2018 |
---|---|---|

## Cash | 12.3m | 6.6m |

## Accounts Receivable | 70.7m | 108.4m |

## Prepaid Expenses | 15.5m | 20.6m |

## Current Assets | 138.4m | 301.0m |

## PP&E | 8.4m | 6.4m |

## Total Assets | 165.8m | 334.1m |

## Accounts Payable | 15.5m | 73.4m |

## Short-term debt | 24.3m | |

## Current Liabilities | 160.6m | 281.2m |

## Long-term debt | 23.0m | 15.8m |

## Non-Current Liabilities | 23.3m | 16.4m |

## Total Debt | 23.0m | 40.1m |

## Total Liabilities | 183.9m | 297.5m |

## Common Stock | 31.0k | 31.0k |

## Additional Paid-in Capital | 5.9m | 2.8m |

## Retained Earnings | (392.0m) | (388.9m) |

## Total Equity | (385.4m) | (385.2m) |

## Debt to Equity Ratio | -0.1 x | -0.1 x |

## Debt to Assets Ratio | 0.1 x | 0.1 x |

## Financial Leverage | -0.4 x | -0.9 x |

CNY | Q2, 2019 | Q3, 2019 |
---|---|---|

## Cash | 44.8m | 49.6m |

## Accounts Receivable | 116.3m | 155.0m |

## Prepaid Expenses | 22.7m | 32.5m |

## Current Assets | 324.4m | 451.5m |

## PP&E | 6.2m | 6.7m |

## Total Assets | 361.3m | 493.1m |

## Accounts Payable | 81.6m | 112.9m |

## Short-term debt | 20.8m | 17.6m |

## Current Liabilities | 247.3m | 352.7m |

## Long-term debt | 2.7m | |

## Non-Current Liabilities | 3.3m | 553.0k |

## Total Debt | 23.5m | 17.6m |

## Total Liabilities | 250.6m | 353.2m |

## Common Stock | 31.0k | 33.0k |

## Additional Paid-in Capital | 55.4m | 61.1m |

## Retained Earnings | (382.6m) | (366.4m) |

## Total Equity | (326.2m) | (304.9m) |

## Debt to Equity Ratio | -0.1 x | -0.1 x |

## Debt to Assets Ratio | 0.1 x | 0 x |

## Financial Leverage | -1.1 x | -1.6 x |

CNY | FY, 2017 | FY, 2018 |
---|---|---|

## Net Income | (97.0m) | 2.9m |

## Depreciation and Amortization | 3.6m | 3.1m |

## Accounts Receivable | (9.6m) | (38.1m) |

## Accounts Payable | 3.4m | 58.0m |

## Cash From Operating Activities | (85.3m) | 66.9m |

## Purchases of PP&E | (2.6m) | (1.1m) |

## Cash From Investing Activities | 57.8m | (3.6m) |

## Long-term Borrowings | (311.0k) | (13.9m) |

## Dividends Paid | (217.0k) | |

## Cash From Financing Activities | 23.0m | 48.6m |

## Net Change in Cash | (4.8m) | 112.0m |

## Interest Paid | 179.0k | (1.5m) |

## Income Taxes Paid | (7.0k) | (283.0k) |

CNY | Q2, 2018 | Q3, 2018 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|

## Net Income | 4.3m | 7.1m | 6.4m | 22.5m |

## Depreciation and Amortization | 1.4m | 2.2m | 1.6m | 2.7m |

## Accounts Receivable | (42.8m) | (32.4m) | (7.3m) | (48.2m) |

## Accounts Payable | 23.0m | 39.0m | 8.2m | 40.6m |

## Cash From Operating Activities | 5.3m | 7.1m | 55.2m | 145.3m |

## Purchases of PP&E | (137.0k) | (629.0k) | (2.0m) | (3.6m) |

## Cash From Investing Activities | (2.5m) | (3.1m) | (2.9m) | (4.5m) |

## Long-term Borrowings | (7.0m) | (10.5m) | (26.7m) | (33.0m) |

## Cash From Financing Activities | (5.5m) | 23.9m | (26.7m) | (33.0m) |

## Net Change in Cash | (2.7m) | 28.1m | 25.8m | 108.2m |

## Interest Paid | (766.0k) | (1.2m) | (1.3m) | (1.6m) |

## Income Taxes Paid | (283.0k) | (283.0k) |

CNY | Y, 2019 |
---|---|

## Revenue/Employee | 278.8k |

## Debt/Equity | -0.1 x |

## Financial Leverage | -1.6 x |