0001193125-23-105776 | 20-F | XBRL Viewer

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Cover Page	12 Months Ended
Cover Page	Dec. 31, 2022 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-39216
Entity Registrant Name	Huize Holding Limited
Entity Central Index Key	0001778982
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	49/F, Building T1
Entity Address, Address Line Two	Qianhai Financial Centre, Linhai Avenue
Entity Address, Postal Zip Code	518000
Entity Address, Country	CN
Entity Address, City or Town	Shenzhen
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Document Accounting Standard	U.S. GAAP
ICFR Auditor Attestation Flag	false
Auditor Name	PricewaterhouseCoopers Zhong Tian LLP
Auditor Firm ID	1424
Auditor Location	Shenzhen, the People’s Republic of China
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Ronald Tam
Entity Address, Address Line One	49/F, Building T1
Entity Address, Address Line Two	Qianhai Financial Centre, Linhai Avenue
Entity Address, Postal Zip Code	518000
Entity Address, Country	CN
Entity Address, City or Town	Shenzhen
City Area Code	755
Local Phone Number	3689 9088
Contact Personnel Email Address	tanguohao@huize.com
Country Region	86
ADR [Member]
Document Information [Line Items]
Title of 12(b) Security	American depositary shares (each representing 20 Class A common shares, par value US$0.00001 per share)
Trading Symbol	HUIZ
Security Exchange Name	NASDAQ
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Class A common shares, par value US$0.00001 per share
No Trading Symbol Flag	true
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	872,744,986
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	150,591,207

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Current assets
Cash and cash equivalents	$ 40,186	¥ 277,168	¥ 381,158
Restricted cash (including amounts of the consolidated VIE of RMB127,315 and RMB55,458 as of December 31, 2021 and 2022, respectively)	14,342	98,917	183,408
Contract assets, net of allowance for doubtful accounts	7,233	49,888	0
Accounts receivable, net of allowance for doubtful accounts	36,342	250,667	777,262
Insurance premium receivables (including amounts of the consolidated VIE of RMB1,217 and RMB1,792 as of December 31, 2021 and 2022, respectively)	260	1,792	1,217
Amounts due from related parties	71	489	128
Prepaid expense and other receivables	10,413	71,818	77,511
Total current assets	108,847	750,739	1,420,684
Non-current assets
Restricted cash (including amounts of the consolidated VIE of RMB24,680 and RMB nil as of December 31, 2021 and 2022, respectively)	0	0	44,418
Contract assets, net of allowance for doubtful accounts	962	6,634	0
Property, plant and equipment, net	5,585	38,518	48,461
Intangible assets, net	7,756	53,498	21,626
Deferred tax assets	0	0	605
Long-term investments	11,208	77,305	73,001
Operating lease right-of-use assets	23,514	162,180	247,819
Goodwill	67	461	461
Other assets	40	279	379
Total non-current assets	49,132	338,875	436,770
Total assets	157,979	1,089,614	1,857,454
Current liabilities
Short-term borrowings (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB216,710 and RMB150,000 as of December 31, 2021 and 2022, respectively)	21,748	150,000	216,710
Accounts payable (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB680,183 and RMB261,993 as of December 31, 2021 and 2022, respectively)	38,025	262,266	680,369
Insurance premium payables (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB124,019 and RMB27,567 as of December 31, 2021 and 2022, respectively)	3,997	27,567	124,019
Contract liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB2,681 and RMB702 as of December 31, 2021 and 2022, respectively)	585	4,034	7,236
Other payables and accrued expenses (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB207,461 and RMB195,136 as of December 31, 2021 and 2022, respectively)	8,446	58,251	71,255
Payroll and welfare payable (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB92,094 and RMB39,674 as of December 31, 2021 and 2022, respectively)	6,370	43,938	93,451
Income taxes payable (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB2,440 and RMB2,440 as of December 31, 2021 and 2022, respectively)	354	2,440	2,440
Operating lease liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB12,362 and RMB10,075 as of December 31, 2021 and 2022, respectively)	1,461	10,075	14,886
Amounts due to related parties (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB11,875 and RMB495 as of December 31, 2021 and 2022, respectively)	72	495	11,875
Total current liabilities	81,058	559,066	1,222,241
Non-current liabilities
Long-term borrowings (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB20,000 and RMB nil as of December 31, 2021 and 2022, respectively)	0	0	20,000
Deferred tax liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB4,455 and RMB12,659 as of December 31, 2021 and 2022, respectively)	1,811	12,491	4,892
Operating lease liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB245,396 and RMB176,032 as of December 31, 2021 and 2022, respectively)	25,522	176,032	249,183
Payroll and welfare payable (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB nil and RMB nil of December 31, 2021 and 2022, respectively)	0	0	225
Total non-current liabilities	27,333	188,523	274,300
Total liabilities	108,391	747,589	1,496,541
Commitments and contingencies
Shareholders' equity
Treasury stock, value	(2,219)	(15,306)	(9,545)
Additional paid-in capital	131,203	904,935	896,772
Accumulated other comprehensive loss	(2,566)	(17,695)	(27,295)
Accumulated deficit	(77,006)	(531,127)	(499,940)
Total shareholders' equity attributable to Huize Holding Limited shareholders	49,422	340,879	360,064
Non-controlling interests	166	1,146	849
Total shareholders' equity	49,588	342,025	360,913
Total liabilities and shareholders' equity	157,979	1,089,614	1,857,454
Common Class A [Member]
Shareholders' equity
Common shares	9	62	62
Common Class B [Member]
Shareholders' equity
Common shares	$ 1	¥ 10	¥ 10

Consolidated Balance Sheets (Parenthetical) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2021 CNY (¥) shares
Insurance premium receivables	¥ 1,792	¥ 1,217
Restricted Cash, Current	0	24,680
Short-term borrowings	150,000	216,710
Accounts payable	262,266	680,369
Insurance premium payables	27,567	124,019
Contract liabilities	4,034	7,236
Other payables and accrued expenses	58,251	71,255
Payroll and welfare payable	43,938	93,451
Income taxes payable	2,440	2,440
Amounts due to related parties	495	11,875
Long-term borrowings	0	20,000
Deferred tax liabilities	12,491	4,892
Operating lease liabilities	¥ 176,032	¥ 249,183
Treasury Stock, Shares \| shares	16,534,600	3,436,860
Common Class A [Member]
Common shares authorized \| shares	7,000,000,000	7,000,000,000
Common shares issued \| shares	894,456,046	894,456,046
Common shares outstanding \| shares	873,068,986	886,166,726
Common Class B [Member]
Common shares authorized \| shares	800,000,000	800,000,000
Common shares issued \| shares	150,591,207	150,591,207
Common shares outstanding \| shares	150,591,207	150,591,207
Variable Interest Entity [Member]
Restricted cash	¥ 55,458	¥ 127,315
Insurance premium receivables	1,792	1,217
Short-term borrowings	150,000	216,710
Accounts payable	261,993	680,183
Insurance premium payables	27,567	124,019
Contract liabilities	702	2,681
Other payables and accrued expenses	195,136	207,461
Payroll and welfare payable	39,674	92,094
Income taxes payable	2,440	2,440
Amounts due to related parties	495	11,875
Long-term borrowings	0	20,000
Deferred tax liabilities	12,054	4,455
Operating lease liabilities	176,032	245,396
Other non-current liabilities	0	0
Variable Interest Entity [Member] \| Nonrecourse [Member]
Operating lease liabilities	¥ 10,075	¥ 12,362

Consolidated Statements of Comprehensive Income/(Loss) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares
Operating revenue
Brokerage income	$ 160,739	¥ 1,108,652	¥ 2,232,253	¥ 1,215,434
Other income	7,141	49,256	12,763	4,788
Total operating revenue	167,880	1,157,908	2,245,016	1,220,222
Operating costs and expenses
Cost of revenue	(102,361)	(706,009)	(1,688,087)	(813,507)
Other cost	(4,101)	(28,282)	(2,670)	(2,846)
Total operating costs	(106,462)	(734,291)	(1,690,757)	(816,353)
Selling expenses	(33,588)	(231,664)	(350,573)	(230,438)
General and administrative expenses	(22,432)	(154,715)	(197,619)	(150,207)
Research and development expenses	(11,731)	(80,911)	(120,478)	(49,135)
Total operating costs and expenses	(174,213)	(1,201,581)	(2,359,427)	(1,246,133)
Operating income/(loss)	(6,333)	(43,673)	(114,411)	(25,911)
Other income/(expenses)
Interest income/(expenses)	(734)	(5,062)	(3,206)	(1,157)
Unrealized exchange income/(loss)	(11)	(79)	(59)	(9)
Investment income/(loss)	(321)	(2,216)	(5,328)	137
Others, net	2,826	19,490	12,627	10,177
Profit/(Loss) before income tax, and share of income/(loss) of equity method investee	(4,573)	(31,540)	(110,377)	(16,763)
Income tax expense	0	0	0	(1,768)
Share of income/(loss) of equity method investee	(319)	(2,200)	2,660	239
Net profit/(loss)	(4,892)	(33,740)	(107,717)	(18,292)
Net profit/(loss) attributable to non-controlling interests	(370)	(2,553)	(51)	0
Net profit/(loss) attributable to Huize Holding Limited	(4,522)	(31,187)	(107,666)	(18,292)
Redeemable preferred shares redemption value accretion	0	0	0	(4,274)
Allocation to redeemable preferred shares	0	0	0	1,074
Net profit/(loss) attributable to common shareholders	(4,522)	(31,187)	(107,666)	(21,492)
Net profit/(loss)	(4,892)	(33,740)	(107,717)	(18,292)
Foreign currency translation adjustment, net of tax	1,392	9,600	(5,323)	(22,386)
Comprehensive income/(loss)	(3,500)	(24,140)	(113,040)	(40,678)
Comprehensive income/(loss) attributable to non-controlling interests	(370)	(2,553)	(51)	0
Comprehensive income/(loss) attributable to Huize Holding Limited	$ (3,130)	¥ (21,587)	¥ (112,989)	¥ (40,678)
Weighted average number of common shares used in computing net profit per share
Basic	1,021,958,881	1,021,958,881	1,021,861,206	963,817,614
Diluted	1,021,958,881	1,021,958,881	1,021,861,206	963,817,614
Net loss per share attributable to common shareholders
Basic \| (per share)	$ 0	¥ (0.03)	¥ (0.11)	¥ (0.02)
Diluted \| (per share)	$ 0	¥ (0.03)	¥ (0.11)	¥ (0.02)

Consolidated Statements of Changes in Shareholders' (Deficit)/Equity ¥ in Thousands, $ in Thousands	USD ($)	CNY (¥)	Common shares CNY (¥) shares	Treasury Stock CNY (¥) shares	Additional paid-in capital CNY (¥)	Accumulated other comprehensive (income)/ loss CNY (¥)	Accumulated deficit CNY (¥)	Non-Controlling interest CNY (¥)	Common Class A [Member] CNY (¥) shares	Common Class A [Member] Common shares CNY (¥) shares	Common Class B [Member] CNY (¥) shares	Common Class B [Member] Common shares CNY (¥) shares
Balance Beginning at Dec. 31, 2019		¥ (308,653)	¥ 33		¥ 64,882	¥ 414	¥ (373,982)
Balance Beginning (Shares) at Dec. 31, 2019 \| shares			483,310,373
Net profit (loss) for the year		(18,292)					(18,292)
Share-based payment compensation		35,880			35,880
Redeemable preferred shares redemption value accretion		(4,274)			(4,274)
Foreign currency translation		(22,386)				(22,386)
Issuance of common shares upon Initial Public Offering ("IPO")		324,215			324,208				¥ 7
Issuance of common shares upon Initial Public Offering ("IPO") (Shares) \| shares									105,000,000
Shares issued upon exercise of over-allotment option		4,852			4,851				¥ 1
Shares issued upon exercise of over-allotment option (Shares) \| shares									1,449,060
Re-designation of common shares into Class A common shares and Class B common			¥ (33)						¥ 23		¥ 10
Re-designation of common shares into Class A common shares and Class B common shares (Shares) \| shares			(483,310,373)						332,719,166		150,591,207
Conversion and re-designation of redeemable preferred shares into Class A common shares		458,901			458,870				¥ 31
Conversion and re-designation of redeemable preferred shares into Class A common shares (Shares) \| shares									450,046,220
Repurchase of Class A common shares		(2,063)		¥ (2,063)
Repurchase of Class A common shares (Shares) \| shares				896,180
Shares issued upon exercise of option		503			503
Shares issued upon exercise of option (Shares) \| shares									188,100
Balance Ending at Dec. 31, 2020		468,683		¥ (2,063)	884,920	(21,972)	(392,274)	¥ 0		¥ 62		¥ 10
Balance Ending (Shares) at Dec. 31, 2020 \| shares			0	896,180						889,402,546		150,591,207
Net profit (loss) for the year		(107,717)					(107,666)	(51)
Share-based payment compensation		11,355			11,355
Set-up of subsidiaries with non-controlling interests		900						900
Foreign currency translation		(5,323)				(5,323)
Conversion and re-designation of redeemable preferred shares into Class A common shares
Repurchase of Class A common shares		(7,482)		¥ (7,482)
Repurchase of Class A common shares (Shares) \| shares			3,436,860	2,540,680
Shares issued upon exercise of option		497			497				¥ 0
Shares issued upon exercise of option (Shares) \| shares									201,040
Balance Ending at Dec. 31, 2021		360,913		¥ (9,545)	896,772	(27,295)	(499,940)	849		¥ 62		¥ 10
Balance Ending (Shares) at Dec. 31, 2021 \| shares			0	3,436,860						889,603,586		150,591,207
Net profit (loss) for the year	$ (4,892)	(33,740)					(31,187)	(2,553)
Share-based payment compensation		8,163			8,163
Foreign currency translation	1,392	9,600				9,600
Conversion and re-designation of redeemable preferred shares into Class A common shares
Repurchase of Class A common shares		(5,761)		¥ (5,761)
Repurchase of Class A common shares (Shares) \| shares			16,534,600	13,097,740
Capital injection from non-controlling interests		2,850						2,850
Balance Ending at Dec. 31, 2022	$ 49,588	¥ 342,025		¥ (15,306)	¥ 904,935	¥ (17,695)	¥ (531,127)	¥ 1,146		¥ 62		¥ 10
Balance Ending (Shares) at Dec. 31, 2022 \| shares			0	16,534,600						889,603,586		150,591,207

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Cash flows from operating activities:
Net profit/(loss)	$ (4,892)	¥ (33,740)	¥ (107,717)	¥ (18,292)
Adjustments to reconcile net profit/(loss) to net cash provided by operating activities:
Allowance for doubtful account	350	2,415	1,445	1,218
Depreciation and amortization	2,672	18,427	7,424	5,108
Unrealized exchange (income)/ loss	11	79	59	9
Share-based compensation expense	1,184	8,163	11,355	35,880
Interest expense	734	5,062	3,206	1,157
Investment (income)/loss	273	1,885	5,328	(137)
Gain on disposal of subsidiary	48	331
Share of (income)/loss of equity method investee	319	2,200	(2,660)	(239)
Deferred income tax		0	0	(466)
Amortization of right-of-use assets	4,029	27,788	32,941	8,408
Amortization of Directors and Officers Liability Insurance premium	1,144	7,891	7,798	6,127
Loss/(gain) on disposal of property, plant and equipment	74	513	(194)	44
Gain on termination of right-of-use assets	(1,046)	(7,215)
Adjustments to reconcile net profit/(loss) to net cash provided by operating activities:	4,900	33,799	(41,015)	38,817
Changes in operating assets and liabilities:
(Increase)/decrease in accounts receivable	76,988	531,001	(545,678)	(52,824)
(Increase)/decrease in insurance premium receivables	(83)	(575)	757	355
(Increase)/decrease in prepaid expense and other receivables	3,304	22,786	(40,020)	(30,755)
(Increase)/decrease in amounts due from related parties	(52)	(361)	123	29
Increase/(decrease) in amounts due to related party	(1,650)	(11,380)	11,875	(465)
(Increase)/decrease in other assets	29	200	0
Increase/(decrease) in accounts payable	(62,138)	(428,580)	452,550	103,091
Increase/(decrease) in insurance premium payables	(13,984)	(96,452)	(63,200)	61,632
(Increase)/decrease in contract assets	(8,195)	(56,522)	216	(216)
Increase/(decrease) in payroll and welfare payable	(7,215)	(49,760)	25,578	24,082
Increase/(decrease) in tax payable			0	2,234
Increase/(decrease) in other payables and accrued expenses	(1,907)	(13,155)	29,860	2,577
Increase/(decrease) in operating lease liabilities	(1,865)	(12,866)	(14,199)	(10,891)
Increase/(decrease) in contract liabilities	(464)	(3,202)	7,236
Net cash provided by/(used in) operating activities	(12,332)	(85,067)	(175,917)	137,666
Cash flows from investing activities:
Purchase of long-term investment	(1,450)	(10,000)	(33,614)	(22,450)
Purchase of property, equipment and intangible assets	(2,439)	(16,823)	(38,061)	(8,196)
Proceeds from disposal of property, equipment and intangible assets	152	1,048	980
Proceeds from disposal of investments	101	700	3,820
Acquisition of subsidiary, net of cash acquired	(3,764)	(25,964)	(14,292)	(569)
Cash received for disposal of subsidiary	528	3,640
Advances to a third party	(3,770)	(26,000)
Repayment from a third party	2,320	16,000
Interests received	127	876
Others	34	237	241	137
Net cash provided by/(used in) investing activities	(8,161)	(56,286)	(80,926)	(31,078)
Cash flows from financing activities:
Proceeds from borrowings	39,175	270,200	184,000	105,400
Repayments of borrowings	(53,286)	(367,524)	(40,503)	(61,266)
Proceeds from IPO, net of issuance costs				340,479
Repurchase of Class A common shares	(965)	(6,659)	(3,003)	(2,063)
Proceeds from exercise of share options	0	0	497	503
Cash received by subsidiaries from minority shareholders			900
Net cash provided by/(used in) financing activities	(14,663)	(101,133)	141,891	383,053
Effect of exchange rate changes on cash and cash equivalents	1,390	9,587	(5,012)	(10,020)
Net increase/(decrease) in cash and cash equivalents and restricted cash	(33,766)	(232,899)	(119,964)	479,621
Total cash and cash equivalents and restricted cash at beginning of year	88,294	608,984	728,948	249,327
Total cash and cash equivalents and restricted cash at end of year	54,528	376,085	608,984	728,948
Supplemental disclosure of cash flow information
Cash paid for interest	(1,539)	(10,614)	(7,813)	(4,386)
Cash paid for income tax
Supplemental disclosure of non-cash investing and financing activities
Accretion on redeemable preferred shares to redemption value			0	(4,274)
Increase in lease liabilities arising from obtaining operating lease right-of-use assets	292	2,011	13,400	270,256
Decrease in lease liabilities due to termination of lease contacts	(9,558)	(65,922)	¥ 0	¥ 0
Subsidiaries [Member]
Cash flows from financing activities:
Cash received by subsidiaries from minority shareholders	$ 413	¥ 2,850

- Definition

Repayment from a third party.

+ References + Details

Principal Activities and Reorganization

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Principal Activities and Reorganization

1. Principal activities and reorganization

(a) History and Reorganization

The Group commenced its operation in August 2006 by Mr. Cunjun Ma (“the founder”). Subsequently in December 2014, March 2016 and July 2016, the Company completed Series A, Series B and Series B+ financing respectively, and issued redeemable preferred shares to certain third party investors. In July 2018, the Company issued a convertible bond to certain third party investors. In October 2018, the investors converted the bond into Series B++ redeemable preferred shares.

Huize Holding Limited (“Huize” or the “Company”) was incorporated on December 24, 2014 under the laws of the Cayman Islands. The Company commenced a reorganization (“Reorganization”) in preparation of an offshore listing by issuing 184,200,000 common shares and 98,900,000 redeemable preferred shares were issued to the three shareholders in 2014 and 2015 after the Company was established. In June 2015, Shenzhen Zhixuan was established as an indirect wholly foreign owned entity of the Company in the People’s Republic of China (the “PRC”).

In June 2019, the Group completed the Reorganization by issuing 261,072,000 common shares, 105,122,000 Series A redeemable preferred shares, 185,512,580 Series B redeemable preferred shares, 43,937,180 Series B+ redeemable preferred shares and 16,574,460 Series B++ redeemable preferred shares to the shareholders of Huiye Tianze. After such share issuance, the total number of shares outstanding equals to that of Huiye Tianze. However, since the Company is an offshore entity, all PRC investors are required to register with relevant PRC governmental authorities in order to hold equity interest in the Company. All shareholders, except for one shareholder that which owns 21.87% of Huiye Tianze, have completed the relevant registrations. 78.13% of the shareholders received shares of the Company. The 21.87% shares of the Company were issued to an offshore affiliate of that shareholder. Concurrently, the Company obtained control over Huiye Tianze through Shenzhen Zhixuan by entering into a series of contractual arrangements as described in note 2b. As a result, Huiye Tianze became a consolidated VIE of the Group. The Company determined that the Reorganization is a recapitalization and accordingly prepared its financial statements using the carryover basis of assets and liabilities of Huiye Tianze and its subsidiaries.

Accordingly, the Company became the ultimate holding company of Huiye Tianze and its subsidiaries, which are principally engaged in the provision of insurance brokerage services in the PRC. The Company and its consolidated subsidiaries and variable interest entities (“VIE”) are collectively referred to as the “Group”.

In February 2020, the Company completed its initial public offering (“IPO”) in Nasdaq Global Market. The initial public offering of an aggregate of 5,250,000 American depository shares (“ADS”), each presenting 20 class A common shares of the Company, was priced at US$10.50 per ADS. On March 10, 2020, the underwriters have exercised part of their over-allotment option to purchase an additional 72,453 American Depositary Shares of the Company at the IPO price of US$10.50 per ADS. After giving effect to the exercise of the over-allotment option, the Company had issued and sold a total of 5,322,453 ADSs in the IPO, for total gross proceeds of approximately US$55.9 million.

As of December 31, 2022 the Company’s principal subsidiaries, consolidated VIE and subsidiaries of VIE are as follows:

Principal Subsidiaries

Date of

Incorporation/

Establishment

Place of

Incorporation/

Establishment

Percentage of

Direct or

Indirect

Economic

Interest

Principal Activities

Smart Choice Ventures Limited (“Smart
Choice”)

January 14, 2015

British Virgin Islands

100

Investment holding

Hong Kong Smart Choice Ventures Limited
(“HK Smart Choice”)

February 18, 2015

Hong Kong

100

Investment holding

Huize Hong Kong Insurance Broker Limited

May 5, 2021

Hong Kong

100

Insurance brokerage service

Zhixuan International Management
Consulting (Shenzhen) Co., Ltd.

June 9, 2015

PRC

100

Investment and
investment consulting
service

VIE

Shenzhen Huiye Tianze Investment Holding
Co., Ltd (“Huiye Tianze”)

October 30, 2014

PRC

100

Investment and
investment

consulting service

VIE’s Principal Subsidiaries

Huize Insurance Brokerage
Co., Ltd. (“Huize Insurance Brokerage”)

October 14, 2011

PRC

100

Insurance brokerage service

Shenzhen Huize Shidai Co., Ltd. (“Huize Shidai”)

April 28, 2012

PRC

100

Technology development
and internet information
consulting service

Hefei Huize Internet Technology Co., Ltd. (“Hefei Huize”)

August 5, 2015

PRC

100

Technology development
and internet information
consulting service

Shenzhen Zhixuan Wealth Investment Management Co., Ltd. (“Zhixuan Investment”)

April 20, 2016

PRC

100

Management consulting,
investment consulting
and financial consulting

Huize (Chengdu) Internet Technology Co., Ltd. (“Chengdu Huize”)

May 11, 2018

PRC

100

Technology development consulting service

Shenzhen Huibang Technology Co., Ltd

August 13, 2020

PRC

100

Technology development consulting service

Shenzhen Xiaoma Insurance Adjustment Co.
Ltd

July 2, 2021

PRC

100

Insurance claims adjustment service

Principal Subsidiaries

Date of

Incorporation/

Establishment

Place of

Incorporation/

Establishment

Percentage of

Direct or

Indirect

Economic

Interest

Principal Activities

Shanghai Huiju Haoshi Information Technology Co., Ltd

October 12, 2021

PRC

Internet information
consulting service

Huize Yiyao (Chengdu) Internet Hospital Co., Ltd.

October 27, 2021

PRC

100

Medical and health
consulting service

Shenzhen Detong Insurance Agency Co., Ltd. (“Shenzhen Detong”, formerly known as Shanghai Senhao Insurance Agency Co., Ltd)

March 12, 2022

PRC

100

Insurance agency
service

Shenzhen Huize Business Management Co., Ltd.

July 5, 2022

PRC

100

Business management
and catering service

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of significant accounting policies

(a) Basis of presenta

ion

The Group’s consolidated financial statements for the years ended December 31, 2020, 2021 and 2022 are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying consolidated financial statements and related disclosures. Actual results may differ from those estimates. Significant

accounting

policies followed by the Group in the preparation of the accompanying consolidated financial statements are summarized below.

As an emerging growth company, the Company elects to use the extended transition year for complying with new or revised financial accounting standards.

(b) Basis of consolidation

The consolidated financial statements include the financial statements of the Company, its subsidiaries and a consolidated VIE, including the VIE’s subsidiaries, for which the Company is the ultimate primary beneficiary.

A subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors.

A consolidated VIE is an entity in which the Company, or its subsidiaries, through contractual arrangements, has the power to direct the activities that most significantly impact the entity’s economic performance, bears the risks of and enjoys the rewards normally associated with ownership of the entity, and therefore the Company or one of its subsidiaries is the primary beneficiary of the entity.

All transactions and balances among the Company, its subsidiaries, the VIE and the VIE’s subsidiaries have been eliminated upon consolidation.

The following is a summary of the contractual agreements (collectively, “Contractual Agreements”) between the Company’s PRC subsidiary, Zhixuan and the VIE, Huiye Tianze. Through the Contractual Agreements, the VIE is effectively controlled by the Company.

Exclusive Business Cooperation Agreement

: Under the exclusive business cooperation agreement, Zhixuan has the exclusive right to provide Huiye Tianze and its subsidiaries with technical support, consulting services and other services. Reciprocally, Huiye Tianze and its subsidiaries shall not accept any technical support, consulting services and other services from any third parties. In exchange, Zhixuan is entitled to receive a service fee from Huiye Tianze on a monthly basis and in an amount equal to all of its net income. Zhixuan owns the intellectual property rights arising out of the performance of the exclusive business cooperation agreement. Unless otherwise agreed by the parties, this agreement will remain effective for a maximum term allowed under PRC law and may be extended from time to time by Zhixuan at its determination.

Exclusive Option Agreement

: Pursuant to the exclusive option agreement, Huiye Tianze and each of its subsidiaries have irrevocably granted Zhixuan an exclusive option to purchase, or have its designated person or persons to purchase, at its discretion at any time, to the extent permitted under PRC law, all or part of their assets and business in the applicable entities. As for the consideration, the purchase price should be equal to the minimum price as permitted by PRC law.

Pursuant to the exclusive option agreements, each shareholder of Huiye Tianze has irrevocably granted Zhixuan an exclusive option to purchase, or have its designated person or persons to purchase, at its discretion at any time, to the extent permitted under PRC law, all or part of their current and future shares in Huiye Tianze. As for the consideration, the purchase price should be equal to the minimum price as permitted by PRC law.

Share Pledge Agreements

: Concurrent with the exclusive option agreements and pursuant to the share pledge agreements, the shareholders of Huiye Tianze have pledged all of their equity interest in Huiye Tianze as a continuing first priority security interest, as applicable, to respectively guarantee the VIE’s performance of their obligations under the exclusive business cooperation agreement between Huiye Tianze and Zhixuan. If Huiye Tianze or any of its shareholders breach their contractual obligations under these agreements, Zhixuan, as pledgee, will be entitled to certain rights regarding the pledged equity interests. In the event of such breaches, Zhixuan’s rights include forcing the disposition or sale of all or part of the pledged equity interests of the applicable VIE and receiving proceeds from such auction or sale in accordance with PRC law. Each of the shareholders of Huiye Tianze agrees that, during the term of the applicable share pledge agreement, such shareholder will not dispose of the pledged equity interests or create or allow creation of any encumbrance on the pledged equity interests without the prior written consent of Zhixuan. Zhixuan is entitled to all dividends declared by Huiye Tianze. Each share pledge agreement will remain effective until the applicable VIE discharges all its obligations under the exclusive business cooperation agreement.

Power of Attorney

Pursuant to each power of attorney, each shareholder of Huiye Tianze has irrevocably appointed Zhixuan to act as such shareholder’s exclusive

attorney-in-fact

to exercise all shareholder rights, including the right to attend and vote on shareholder’s meetings, appoint directors and executive officers and sell or dispose all or part of the equity interests owned by such shareholder in Huiye Tianze. Each power of attorney will remain in force for so long as the shareholder remains a shareholder of the applicable VIE.

The following table sets forth the assets, liabilities, results of operations and cash flows of Huiye Tianze and its subsidiaries, which are included in the Group’s consolidated financial statements. Transactions between the VIE and its subsidiaries are eliminated in the balances presented below:

Selected Condensed Consolidated Balance Sheets Information


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Assets
Current assets
Cash and cash equivalent		323,011		205,781
Restricted cash		127,315		55,458
Contract assets, net of allowance for doubtful accounts		—		49,888
Account receivable, net of allowance for impairment		777,055		250,238
Insurance premium receivables		1,217		1,792
Amount due from related parties		—		340
Prepaid expense and other receivables		106,865		96,987

Total current assets		1,335,463		660,484

Non-current assets
Restricted cash		24,680		—
Contract assets, net of allowance for doubtful accounts		—		6,634
Property, Plant and Equipment, net		47,800		38,133
Intangible assets, net		18,979		50,851
Deferred tax assets		605		—
Long-term investments		59,450		66,250
Operating lease right-of-use assets		241,880		162,180
Goodwill		461		461
Other Assets		379		279

Total non-current assets		394,234		324,788

Total assets		1,729,697		985,272


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Liabilities and Shareholders’ Equity
Short-term borrowings		216,710			150,000
Accounts payable		680,183			261,993
Insurance premium payables		124,019			27,567
Contract liabilities		2,681			702
Other payables and accrued expenses		207,461			195,136
Payroll and welfare payable		92,094			39,674
Income taxes payable		2,440			2,440
Operating lease liabilities		12,362			10,075
Amount due to related parties		11,875			495

Total current liabilities		1,349,825			688,082

Non-current liabilities
Long-term borrowings		20,000			—
Deferred tax liabilities		4,455			12,054
Operating lease liabilities		245,396			176,032

Total non-current liabilities		269,851			188,086

Total liabilities		1,619,676			876,168

Shareholders’ equity
Common shares		44,766			44,766
Additional paid-in capital		460,157			470,553
Accumulated deficit		(395,751	)		(407,361	)

Total shareholders’ equity attributable to Huize Holding Limited shareholders		109,172			107,958
Non-controlling interests		849			1,146

Total shareholders’ equity		110,021			109,104

Total liabilities and shareholders’ equity		1,729,697			985,272

Selected Condensed Consolidated Statements of Income/(loss) Information


	For the Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Operating revenue
Brokerage income		1,215,434			2,231,388			1,107,090
Other income		4,560			11,494			49,223

Total operating revenue		1,219,994			2,242,882			1,156,313

Operating costs and expenses
Cost of revenue		(813,507	)		(1,687,770	)		(705,067	)
Other cost		(2,846	)		(2,670	)		(28,282	)

Total operating costs		(816,353	)		(1,690,440	)		(733,349	)
Selling expenses		(230,438	)		(346,305	)		(230,414	)
General and administrative expenses		(136,921	)		(172,822	)		(136,519	)
Research and development expenses		(49,135	)		(120,478	)		(80,911	)

Total operating costs and expenses		(1,232,847	)		(2,330,045	)		(1,181,193	)

Operating income/(loss)		(12,853	)		(87,163	)		(24,880	)

Other income/(expenses)
Interest income/(expenses)		(1,813	)		(4,092	)		(5,592	)
Unrealized exchange income/(loss)		(421	)		—			—
Investment income/(loss)		137			(1,369	)		568
Others, net		10,153			12,627			17,941

Profit/(loss) before income tax, and share of income /(loss) of equity method investee		(4,797	)		(79,997	)		(11,963	)

Income tax expense		(1,768	)		—			—
Share of income/(loss) of equity method investee		239			2,660			(2,200	)

Net profit/(loss)		(6,326	)		(77,337	)		(14,163	)

Net profit/(loss) attributable to non-controlling interests		—			(51	)		(2,553	)

Net profit/(loss) attributable to Huize Holding Limited		(6,326	)		(77,286	)		(11,610	)

Net profit/(loss)		(6,326	)		(77,337	)		(14,163	)
Foreign currency translation adjustment, net of tax		—			—			—

Comprehensive income/(loss)		(6,326	)		(77,337	)		(14,163	)

Comprehensive income/(loss) attributable to non-controlling interests		—			(51	)		(2,553	)

Comprehensive income/(loss) attributable to Huize Holding Limited		(6,326	)		(77,286	)		(11,610	)

Selected Condensed Consolidated Cash Flows Information


	For the Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Net cash provided by/(used in) operating activities		168,225			(152,844	)		(69,094	)

Cash flows from investing activities:
Purchase of long-term investment		(22,450	)		(22,601	)		(10,000	)
Purchase of property, equipment and intangible assets		(8,162	)		(37,359	)		(16,773	)
Proceeds from disposal of property, equipment and intangible assets		—			961			1,044
Acquisition of subsidiary, net of cash paid		(569	)		(11,805	)		(25,964	)
Payments of inter-company balances		—			(5,050	)		—
Proceeds from disposal of investments		—			890			700
Cash received for disposal of subsidiary		—			—			3,640
Advances to a third party		—			—			(26,000	)
Repayment from a third party		—			—			16,000
Interests received		—			—			876
Others		137			241			237

Net cash provided by/(used in) investing activities		(31,044	)		(74,723	)		(56,240	)

Cash flows from financing activities:
Proceeds from borrowings		105,400			184,000			270,200
Repayments of borrowings		(61,266	)		(40,503	)		(367,524	)
Proceeds from inter-company balances		—			128,000			6,041
Proceeds from exercise of share option		245			247			—
Cash received by subsidiaries from minority shareholders		—			900			2,850

Net cash provided by/(used in) financing activities		44,379			272,644			(88,433	)

Effect of exchange rate changes on cash and cash equivalents		—			—			—

Net increase/(decrease) in cash and cash equivalents and restricted cash		181,560			45,077			(213,767	)
Total cash and cash equivalents and restricted cash at beginning of year		248,369			429,929			475,006

Total cash and cash equivalents and restricted cash at end of year		429,929			475,006			261,239

The

significant portion of the total assets and total liabilities of Huiye Tianze and its subsidiaries approximate the amounts in the Group’s consolidated financial statements.

Under the contractual arrangements with the VIE, the Company can have the assets transferred out of the VIE and VIE’s subsidiaries, except for restricted cash and insurance premium receivables balance as disclosed on the balance sheet. Except for these two amounts, there is no other asset of the VIE that can only be used to settle obligations of the VIE and VIE’s subsidiaries. Since the VIE are incorporated as limited liability companies under the PRC Company Law, creditors of the VIE do not have recourse to the general credit of the Company. There is currently no contractual arrangement that would require the Company to provide additional financial support to the VIE. However, as the Company is conducting certain businesses through its VIE and VIE’s subsidiaries, the Company may provide such support on a discretionary basis in the future, which could expose the Company to a loss.

In the opinion of the Company’s management, the contractual arrangements among its subsidiary, the VIE and their respective Nominee Shareholders are in compliance with current PRC laws and are legally binding and enforceable. However, uncertainties in the interpretation and enforcement of the PRC laws, regulations and policies could limit the Company’s ability to enforce these contractual arrangements. In addition, shareholders of the VIE are PRC holding entities of certain pre-IPO shareholders of the Company, including entities beneficially owned by Mr. Cunjun Ma, the chairman of the board of directors and the chief executive officer, who controls more

than 50%

of the Company’s total voting power. Therefore, the enforceability of the contractual agreements between us, the VIE and its shareholders depends on whether the Company’s shareholders or their PRC holding entities will fulfill these contractual agreements. There is a risk that the benefits of ownership between the Company and the VIE may not be aligned in the future. Given the significance and importance of the VIEs, there would be a significant negative impact to the Company if these contracts were not enforced.

In March 2019, the National People’s Congress approved the Foreign Investment Law, which came into effect on January 1, 2020 and replaced the trio of existing laws regulating foreign investment in China together with their implementation rules and ancillary regulations. However, since it is relatively new, uncertainties still exist in relation to its interpretation and implementation. For instance, under the Foreign Investment Law, “foreign investment” refers to the investment activities directly or indirectly conducted by foreign individuals, enterprises or other entities in China but it does not explicitly stipulate the contractual arrangements as a form of foreign investment. On December 26, 2019, the State Council promulgated the Implementation Regulations on the Foreign Investment Law, which came into effect on January 1, 2020. Though these regulations do not explicitly classify contractual arrangements as a form of foreign investment, there is no assurance that foreign investment via contractual arrangements would not be interpreted as a type of foreign investment activities under the definition in the future. In addition, the definition contains a catch-all provision which includes investments made by foreign investors through means stipulated in laws or administrative regulations or other methods prescribed by the State Council. Therefore, the Foreign Investment Law still leaves leeway for future laws, administrative regulations or provisions promulgated by the State Council to provide for contractual arrangements as a form of foreign investment. In any of these cases, it will be uncertain whether the Group’s contractual arrangements will be deemed to be in violation of the market access requirements for foreign investment under the PRC laws and regulations. If variable interest entities fall within the definition of foreign investment entities, the Group’s ability to use the contractual arrangements with the VIE and the Group’s ability to conduct business through the VIE could be severely limited.

The Company’s ability to control the VIE also depends on the power of attorney Zhixuan has to vote on all matters requiring shareholders’ approvals in the VIE. As noted above, the Company believes these powers of attorney are legally binding and enforceable but may not be as effective as direct equity ownership. In addition, if the Group’s corporate structure or the contractual arrangements with the VIE were found to be in violation of any existing PRC laws and regulations, the PRC regulatory authorities could, within their respective jurisdictions:

•

revoke the Group’s business and operating licenses;

•

require the Group to discontinue or restrict its operations;

•

restrict the Group’s right to collect revenues;

•

block the Group’s websites;

•

require the Group to restructure its operations,

re-apply

for the necessary licenses or relocate the Group’s businesses, staff and assets;

•

impose additional conditions or requirements with which the Group may not be able to comply; or

•

take other regulatory or enforcement actions against the Group that could be harmful to the Group’s business.

The imposition of any of these restrictions or actions may result in a material adverse effect on the Group’s ability to conduct its business. In addition, if the imposition of any of these restrictions causes the Group to lose the right to direct the activities of the VIE or the right to receive their economic benefits, the Group would no longer be able to consolidate the financial statements of the VIE. In the opinion of management, the likelihood of losing the benefits in respect of the Group’s current ownership structure or the contractual arrangements with its VIE is remote.

non-controlling

interests

The Company accounts for its business combinations using the acquisition method of accounting in accordance with ASC 805 — “Business Combinations”. The cost of an acquisition is measured as the aggregate of the acquisition date fair value of the assets transferred to the sellers, liabilities incurred by the Company and equity instruments issued by the Company. Transaction costs directly attributable to the acquisition are expensed as incurred. Identifiable assets acquired and liabilities assumed are measured separately at their fair values as of the acquisition date, irrespective of the extent of any

non-controlling

interests. The excess of (i) the total costs of acquisition, fair value of the

non-controlling

interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the consolidated statements of comprehensive

income/(loss).

During the measurement period, which can be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Subsequent to the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any further adjustments are recorded in the consolidated statements of comprehensive

income/(loss).

When there is a change in ownership interests that result in a loss of control of a subsidiary, the Company deconsolidates the subsidiary from the date control is lost. Any retained

non-controlling

investment in the former subsidiary is measured at fair value and is included in the calculation of the gain or loss upon deconsolidation of the subsidiary.

For the Company’s majority-owned subsidiaries and VIE, a

non-controlling

interest is recognized to reflect the portion of their equity which is not attributable, directly or indirectly, to the Company. Consolidated net profit/(loss) in the consolidated statements of comprehensive income/(loss) includes the net (profit)/loss attributable to non-controlling interests, and common shareholders and redeemable preferred shareholders where applicable. The cumulative results of operations attributable to

non-controlling

interests are recorded as

non-controlling

interests in the Company’s consolidated balance sheets. Cash flows related to transactions with

non-controlling

interests are presented under financing activities in the consolidated statements of cash flows.

(d) Use of estimates

Financial statements amounts that reflect significant accounting estimates and assumptions mainly include, but are not limited to (i) allowance for doubtful accounts (losses of accounts receivable, insurance premium receivables and other receivables), (ii) valuation and forfeiture rate of share-based compensation arrangements, (iii) operating revenue and cost of revenue recognition, (iv) fair value of long-term investments, (v) useful life of property, plant and equipment and intangible assets, (vi) valuation of acquired assets and liabilities assumed, (vii) assessment for impairment of intangible assets, (viii) realizability of deferred tax assets, (ix) uncertainty tax position and (x) discount rate of lease liability. Actual results could materially differ from these estimates.

(e) Comprehensive income and foreign currency translation

The Group’s operating results are reported in the consolidated statements of comprehensive income/(loss) pursuant to FASB ASC Topic 220, “Comprehensive Income”. Comprehensive income consists of two components: net income and other comprehensive income (“OCI”). The Group’s OCI is comprised of gains and losses resulting from translating foreign currency financial statements of entities, of which functional currency is other than Renminbi (“RMB”) which is the reporting currency of the Group, net of related income taxes, where applicable. Such subsidiaries’ assets and liabilities are translated into RMB at

period-end

exchange rates, and revenues and expenses are translated at average exchange rates prevailing during the year. Adjustments that result from translating amounts from a subsidiary’s functional currency to the RMB (as described above) are reported net of tax, where applicable, in accumulated OCI in the consolidated balance sheets.

(f) Convenience translation

Translations of balances in the Group’s consolidated balance sheets, consolidated statements of comprehensive income/(loss) and consolidated statements of cash flows from RMB into US$ as of and for year ended December 31, 2022 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB6.8972, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on the last trading day of 2022 (December 30, 2022). No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2022 or at any other rate.

(g) Cash and cash equivalents

Cash and cash equivalents consist of (1) cash on hand; (2) bank deposits and short-term, highly liquid investments, with original maturities of less than three months that are readily convertible to known amounts of cash, and have insignificant risk of changes in value related to changes in interest rates.

(h) Restricted cash

In its capacity as an insurance broker, the Group collects “premiums” (unremitted insurance premiums) from certain insureds and remits the “premiums” to the appropriate insurance companies. Unremitted insurance premiums are held in custody until disbursed by the Group. The Group reports such amounts as restricted cash in the consolidated balance sheets, and

classifies

into current and

non-current

portion based on the length of restricted period. Unremitted insurance premiums were RMB126,715 and RMB30,578 (US$ 4,433) as of December 31, 2021 and December 31, 2022, respectively. During the years ended December 31, 2021 and 2022, HK Smart Choice provided security for the loan of Huize Shidai by pledged deposits. The amounts of pledged deposits as of December 31, 2021 and 2022 were RMB75,831 and RMB43,459 (US$ 6,302), respectively. Also, restricted cash balance includes guarantee deposits required by China Banking and Insurance Regulatory Commission (“CBIRC”) in order to protect insurance premium appropriation by insurance broker. The restricted cash balance related to this requirement were RMB25,280 and RMB24,880 (US$ 3,607) as of December 31, 2021 and as of December 31, 2022.

(i) Accounts receivable

Accounts receivable is recorded at the invoiced amount and do not bear interest. Accounts receivable represent brokerage fees receivable from insurance companies. The allowance for doubtful accounts is the Group’s best estimate of the amount of probable credit losses in the Group’s existing accounts receivable balance. The Group assesses the collectability of accounts receivable by determining the allowance percentage for the overdue balances by age. The Group makes allowance for the overdue balances of continuing cooperating insurance companies over 6 months and for the overdue balances of discontinuing cooperating insurance companies over 3 months.

(j) Insurance premium receivables

Insurance premium receivables consist of insurance premiums to be collected from the insured and are recorded at the invoiced amount and do not bear interest. The insurance premium received are included in net cash provided by operating activities in the consolidated statements of cash flows.

(k) Fair value measurement

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.

The established fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

The three levels of inputs that may be used to measure fair value include:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Observable, market-based inputs, other than quoted prices, in active markets for identical assets or liabilities.

Level 3: Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Accounting guidance also describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset.

Recurring

The Group’s financial instruments are not measured at fair value in the consolidated balance sheets, but for which the fair value is estimated for disclosure purpose.

The carrying amount of cash and cash equivalents, restricted cash-current portion, accounts receivable, insurance premium receivables, amounts due from related parties, other receivables, accounts payable, insurance premium payables, other payables and amount due to related parties approximate their net carrying values reported in the consolidated balance sheets due to the short-term maturities of these instruments. Restricted

cash-non-current

portion, long-term borrowings and operating lease liabilities are measured at amortized cost using discounted rates reflected time value of money. As the market interest rate is relatively stable during the reporting period, the carrying values of restricted

cash-non-current

portion and long-term borrowings approximated their fair values reported in the consolidated balance sheets. Investment accounted for at fair value are measured at fair value.

Non-recurring

The Group measures certain financial assets, including equity securities without readily determinable fair value and investments under equity method, at fair value on a

non-recurring

basis only if an impairment charge were to be recognized. The Group’s

non-financial

assets such as property, equipment, software and licenses, would be measured at fair value only if they were determined to be impaired.

(l) Property, plant and equipment, net

Property, plant and equipment are stated at cost. Depreciation and amortization are calculated using the straight-line method over the following estimated useful lives, taking into account residual value, if any. The table below sets forth the estimated useful life and residual value:


Category	Estimated useful life		Residual value
Office furniture and equipment		5~10 years		0%~5	%
Computer and electronic equipment		3~5 years		0%~5	%
Motor vehicles		4~5 years		5	%
Leasehold improvements		shorter of remaining lease period and estimated useful life		Nil

Expenditures for maintenance and repairs are expensed as incurred. Upon retirement or sale, the cost of assets disposed of and the related accumulated depreciation/amortization are removed from the accounts and any resulting gain or loss is recognized in consolidated statements of comprehensive income/(loss).

(m) Intangible assets, net

Intangible assets with an indefinite useful life represent the insurance brokerage license, insurance agency license and insurance adjusting license. Intangible assets with an indefinite useful life are not amortized and are tested for impairment annually or more frequently if events or changes in circumstances indicate that they might be impaired.

Intangible assets with finite lives represent domain name and purchased computer software. These intangible assets are amortized on a straight-line basis over their estimated useful lives of the respective assets. The table below sets forth the estimated useful life and residual value:


Category	Estimated useful life		Residual value
Domain name		10 years		0	%
Purchased computer software		3~10 years		0	%

(n) Impairment of long-lived assets and intangible assets

Long-lived assets including property, plant and equipment and intangible assets with indefinite lives and finite lives, are assessed for impairment, whenever events or changes in circumstances indicate the carrying value of an asset may not be recoverable. The Group measures the carrying amount of long-lived assets against the estimated undiscounted future cash flows associated with it. Impairment exists when the estimated undiscounted future cash flows are less than the carrying value of the asset being evaluated. Impairment loss is calculated as the amount by which the carrying value of the asset exceeds its fair value. No impairment loss was recognized for the years ended December 31, 2020, 2021 and December 31, 2022.

(o) Goodwill

Goodwill represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired in a business combination. Impairment of goodwill assessment is performed on at least an annual basis on December 31 or whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. According to ASC

350-20-35,

an entity may assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. The Group, however, selects proceed directly to perform a

two-step

goodwill impairment test. The first step compares the fair value of a reporting unit to its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill is not considered impaired and the second step will not be required. If the carrying amount of a reporting unit exceeds its fair value, the second step compares the implied fair value of the affected reporting unit’s goodwill to the carrying value of that goodwill. The implied fair value of goodwill is determined in a manner similar to accounting for a business combination with the allocation of the assessed fair value determined in the first step to the assets and liabilities of the reporting unit. The excess of the fair value of the reporting unit over the amounts assigned to the assets and liabilities is the implied fair value of goodwill. This allocation process is only performed for purposes of evaluating goodwill impairment and does not result in adjusting the value of any assets or liabilities. An impairment loss is recognized for any excess in the carrying value of goodwill over the implied fair value of goodwill. Application of a goodwill impairment test requires significant management judgment, including the identification of reporting units, assigning assets, liabilities and goodwill to reporting units, and determining the fair value of each reporting unit. The judgment in estimating the fair value of each reporting unit includes estimating future cash flows, determining appropriate discount rates, control premium, comparable companies’ multipliers and making other assumptions. Changes in these estimates and assumptions could materially affect the determination of fair value for each reporting unit.

(p) Asset acquisition

When the Company acquires other entities, if the assets acquired and liabilities assumed do not constitute a business, the transaction is accounted for as an asset acquisition. Assets are recognized based on the cost, which generally includes the transaction costs of the asset acquisition, and no gain or loss is recognized unless the fair value of noncash assets given as consideration differs from the assets’ carrying amounts on the Company’s financial statements. The cost of a group of assets acquired in an asset acquisition is allocated to the individual assets acquired or liabilities assumed based on their relative fair value and does not give rise to goodwill.

(q) Long-term investments

(i)

Equity investments accounted for using the equity method

In accordance with ASC 323, “Investment — Equity Method and Joint Ventures”, the Group applies the equity method of accounting to equity investments, in common stock or

in-substance

common stock, over which it has significant influence but does not own a majority equity interests or otherwise control.

An investment in

in-substance

common stock is an investment that has risk and reward characteristics that are substantially similar to that entity’s common stock. The Group considers subordination, risks and rewards of ownership and obligation to transfer value when determining whether an investment in an entity is substantially similar to one in that entity’s common stock.

Under the equity method, the Group initially records its investment at cost. The difference between the cost of the equity investment and the amount of the underlying equity in the net assets of the equity investee is recognized as equity method goodwill or as an intangible asset as appropriate. The Group subsequently adjusts the carrying amount of the investment to recognize the Group’s proportionate share of each equity investee’s net income or loss into the consolidated statements of comprehensive income (loss)after the date of acquisition. When the Group’s share of losses in the equity investee equals or exceeds its interest in the equity investee, the Group does not recognize further losses, unless the Group has incurred obligations or made payments or guarantees on behalf of the equity investee, or the Group holds other investments in the equity investee.

The Group continually reviews its investment in equity investees under the equity method to determine whether a decline in fair value to below the carrying value is other-than-temporary. The primary factors the Group considers in its determination are the duration and severity of the decline in fair value, the financial condition, operating performance and the prospects of the equity investee, and other company specific information such as recent financing rounds.

The fair value determination, particularly for investments in early stage privately held companies, requires significant judgment to determine appropriate estimates and assumptions. Changes in these estimates and assumptions could affect the calculation of the fair value of the investments and the determination of whether any identified impairment is other-than-temporary. If any impairment is considered other-than-temporary, the Group writes down the asset to its fair value and takes the corresponding charge to the consolidated statements of comprehensive income/(loss).

(ii)

Investments accounted for at fair values

Securities with readily determinable fair values are measured at fair value. Equity securities accounted for at fair values include investments in i) marketable equity securities, which are publicly traded stock and ii) unlisted companies, for which the Company measures at fair value on a recurring basis. Pursuant to ASC 321, for equity investments measured at fair value with changes in fair value recorded in earnings, the Company does not assess whether those securities are impaired.

(iii)

Equity investments measured at measurement alternative and NAV practical expedient

Private equity funds pursue various investment strategies. Investments in private equity funds generally are not redeemable due to the closed-ended nature of these funds. The private equity fund, over which the Group does not have the ability to exercise significant influence, is accounted for under the practical expedient in ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”) to estimate fair value using the net asset value per share (or its equivalent) of the investment (“NAV practical expedient”).

For investments in an investee over which the Group does not have significant influence and which do not have readily determinable fair value and do not qualify for NAV practical expedient, the Company elects to record these investments at cost, less impairment, and plus or minus subsequent adjustments for observable price changes, in accordance with ASU

2016-01.

Under this measurement alternative, changes in the carrying value of the equity investment will be required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. For those equity investments that the Company elects to use the measurement alternative, the Company makes a qualitative assessment of whether the investment is impaired at each reporting date. If a qualitative assessment indicates that the investment is impaired, the Company has to estimate the investment’s fair value in accordance with the principles of ASC 820. If the fair value is less than the investment’s carrying value, the Company recognizes an impairment loss in net

income/(loss)

equal to the difference between the carrying value and fair value.

(r) Short-term and long-term borrowings

The short-term and long-term borrowings represent the Group’s borrowings from commercial banks for the working capital. Short-term borrowings include borrowings with maturity terms shorter than one year and the current portion of the long-term borrowings.

(s) Insurance premium payables

Insurance premium payables are insurance premiums collected on behalf of insurance companies but not yet remitted as of the balance sheet dates, and insurance premiums due but not yet collected from the insured.

(t) Lease

Before January 1, 2020, the Group adopted ASC Topic 840 (“ASC 840”), Leases, and each lease is classified at the inception date as either a capital lease or an operating lease.

The Group adopted ASU

No. 2016-02,

Leases (Topic 842) (“ASC 842”) from January 1, 2020, using the modified retrospective approach and applying the transition method which does not require adjustments to comparative periods nor require modified disclosures in the comparative periods. The Group has elected to apply “the package” of practical expedients afforded under ASC 842. Short-term leases have not been recorded on the balance sheet.

The Group determines if an arrangement is a lease or contains a lease at lease inception. For operating leases, the Group recognizes a right of use(“ROU”) asset and a lease liability based on the present value of the lease payments over the lease term on the consolidated balance sheets at commencement date. As most of the Company’s leases do not provide an implicit rate, the Company estimates its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, and in economic environments where the leased asset is located. Lease terms are determined after taking into account of rental escalation clauses, renewal options and/or termination options, if any. Lease expense is recorded in the consolidated statements of comprehensive income/(loss) on a straight-line basis over the lease term.

As a lessee, the Group accounts for a modification to a contract as a separate contract (that is, separate from the original contract) when both of the following conditions are present:

a. The modification grants the lessee an additional right of use not included in the original lease.

b. The lease payments increase commensurate with the standalone price for the additional right of use, adjusted for the circumstances of the particular contract.

As a lessee, the Group remeasures the lease payments if any of the following occur:

a. The lease is modified, and that modification is not accounted for as a separate contract.

b. A contingency upon which some or all of the variable lease payments that will be paid over the remainder of the lease term are based is resolved such that those payments now meet the definition of lease payments.

c. There is a change in any of the following:

•

The lease term, as described. A lessee shall determine the revised lease payments on the basis of the revised lease term.

•

The assessment of whether the lessee is reasonably certain to exercise or not to exercise an option to purchase the underlying asset. A lessee shall determine the revised lease payments to reflect the change in the assessment of the purchase option.

•

Amounts probable of being owed by the lessee under residual value guarantees. A lessee shall determine the revised lease payments to reflect the change in amounts probable of being owed by the lessee under residual value guarantees.

(u) Share-based compensation

Employee share-based compensation

All forms of share-based payments to employees, including employee stock options, employee stock purchase plans restricted shares and shares award, are treated the same as any other form of compensation by recognizing the related cost in the consolidated statements of comprehensive income/(loss) in accordance with ASC 718, “Stock Compensation”. In accordance with the guidance, the Company determines whether a share option should be classified and accounted for as a liability award or an equity award. Compensation cost related to employee stock options or similar equity instruments is measured at the grant date based on the fair value of the award. The fair value of a liability-classified award will be

re-measured

to an updated fair value at each reporting period until the award is settled. The compensation cost is recognized over the requisite service period, which is usually the vesting period. If an award requires satisfaction of performance and service conditions, compensation cost is recognized using graded vesting method. If an award requires only service condition, the Group will use straight line method. For liability-classified award, the Group will true up compensation cost at each reporting period for changes in fair value

pro-rated

for the portion of the requisite service period rendered.

For restricted shares granted with service conditions and performance conditions and graded vesting features, share-based compensation expenses are recorded net of estimated forfeitures using graded vesting method during the requisite service period, such that expenses are recorded only for those share-based awards that are expected to ultimately vest. For share options granted with service condition and the occurrence of an IPO as performance condition, cumulative share-based compensation expenses for the options that have satisfied the service condition, amounting to RMB16,390, were recorded upon the completion of the IPO in 2020, the remaining share-based compensation expenses are recorded net of estimated forfeitures using graded-vesting method during the requisite service period.

The Group utilizes the binomial option pricing model to determine the fair value of share options, and determines the fair value of restricted share based on the fair value of the underlying common shares at the grant date considering the dilutive effect of restricted share.

(v) Fair value of redeemable preferred shares and common shares

Shares of the Company, which do not have quoted market prices, were valued based on the income approach. The income approach involves applying the discounted cash flow analysis based on projected cash flow using the Group’s best estimate as of the valuation dates. Estimating future cash flow requires the Group to analyze projected revenue growth, gross margins, effective tax rates, capital expenditures and working capital requirements. In determining an appropriate discount rate, the Group considered the cost of equity and the rate of return expected by venture capitalists. The Group also applied a discount for lack of marketability given that the shares underlying the award were not publicly traded at the time of grant. Determination of estimated fair value of the Group requires complex and subjective judgments due to its limited financial and operating history, unique business risks and limited public information on companies in China similar to the Group.

Option-pricing method was used to allocate enterprise value to redeemable preferred shares and common shares. The method treats redeemable preferred shares and common shares as call options on the enterprise’s value, with exercise prices based on the redeemable preferred shares. The strike prices of the “options” based on the characteristics of the Group’s capital structure, including number of shares of each class of common shares, seniority levels and redemption values for the redeemable preferred shares. The option-pricing method also involves making estimates of the volatility of the Group’s equity securities. The anticipated timing is based on the plans of board of directors and management of the Group. Estimating the volatility of the share price of a privately held company is complex because there is no readily available market for the shares. Volatility is estimated based on annualized standard deviation of daily stock price return of comparable companies.

(w) Redeemable preferred shares

The Company classified the redeemable preferred shares as mezzanine equity in the consolidated balance sheets because they were redeemable at the holders’ option any time after a certain date and were contingently redeemable upon the occurrence of certain events outside of the Company’s control. The redeemable preferred shares are recorded initially at fair value, net of issuance costs.

The Group determined that the redemption features do not require bifurcation as they either are clearly and closely related to the redeemable preferred shares or do not meet the definition of a derivative.

The Group has determined that there was no embedded beneficial conversion feature (“BCF”) attributable to the redeemable preferred shares. In making this determination, the Group compared the initial effective conversion prices of the redeemable preferred shares and the fair values of the Group’s common shares determined by the Group at the issuance dates. The initial effective conversion prices were greater than the fair values of the common shares to which the redeemable preferred shares are convertible into at the issuance dates.

Subsequently, the carrying amount is increased by periodic accretion, using the interest method, so that the carrying amount will equal to mandatory redemption amount on the redemption date.

(x) Employee benefit plans

As stipulated by the regulations of the PRC, the Group’s subsidiaries and VIE in the PRC participate in various defined contribution plans organized by municipal and provincial governments for its employees. The Group is required to make contributions to these plans at a percentage of the salaries, bonuses and certain allowances of the employees. Under these plans, certain pension, medical and other welfare benefits are provided to employees. The Group has no other material obligation for the payment of employee benefits associated with these plans other than the annual contributions described above. The contributions are charged to the consolidated statements of income and comprehensive income/(loss) as they become payable in accordance with the rules of the above mentioned defined contribution plans.

(y) Revenue recognition

Revenue is the transaction price the Group expects to be entitled to in exchange for the promised services in a contract in the common course of the Group’s activities and is recorded net of value-added tax (“VAT”). The services to be accounted for mainly include insurance brokerage and consulting services.

The Group has adopted ASU

2014-09,

Revenue from Contracts with Customers (Topic 606) and all subsequent ASUs that modified ASC 606 on January 1, 2017.

The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, the Group applies the following steps:

•

Step 1: Identify the contract (s) with a customer

•

Step 2: Identify the performance obligations in the contract

•

Step 3: Determine the transaction price

•

Step 4: Allocate the transaction price to the performance obligations in the contract

•

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

According to Topic 606, the Group’s right to consideration in exchange for goods or services that the Group has transferred to a customer is recognized as a contract asset. The Group recognize a contract liability if the customer’s payment of consideration precedes the Group’s performance.

Insurance brokerage services

The primary source of revenues is commissions from insurance brokerage services, determined based on a percentage of total premiums paid by insured over the term of the insurance policy. The brokerage fee rate, which is paid by the insurance companies, shall be based on the terms specified in the annual service contract with the insurance company for each product sold through the Group. The transaction price includes variable service fees which is estimated using the expected value method and is limited to the amount of variable consideration that is probable not to be reversed in future periods. The Group assesses whether the estimate of variable consideration is constrained. The Group determines that the insurance company, or the insurer, is its customer in this agreement. Insurance brokerage services revenue is recognized when the signed insurance policy is in place and the premium is collected from the insured since the Company has fulfilled its performance obligation to sell an insurance policy on behalf of the insurance company.

The Group is also entitled to a performance bonus from insurance companies if the cumulative average monthly sales volume exceeds a predetermined level. Such bonus is determined at the end of each month and recognized as revenue.

Other services

The Group provides digital and technology development services to certain insurance companies. Upon the delivery of programs developed, the Group’s performance obligation related to the technology service has been fully fulfilled. However, the timing of revenue recognition may differ from contract to contract based on whether performance obligations satisfy the criteria of recognizing revenue over time, in accordance with ASC 606. Since the deliverables usually do not have alternative use to the Group, revenue is recognized over time once there is an indicator that the Group has an enforceable right to payment for performance completed to date. Otherwise, the revenue is recognized at a point in time.

For cargo insurance products, in addition to the commission from brokerage service paid by the insurance companies, the Group also generates service fees from rendering consulting service to assist the insured to obtain such a cargo insurance policy. The Group determines that the insured is its customer in this consulting service arrangement. Upon successful purchase of cargo insurance products by the insured, the Group’s performance obligation related to consulting service to the insured has been fully fulfilled, as such, revenue for those services is recognized when the insurance product has been purchased. While the insurance premium is set by the respective insurance companies, the consulting service fee is determined by the Group based on a percentage of insurance premium. Of the total contract price received from the insured, the amount equal to the premium of the cargo insurance product as agreed with insurance company is recorded as insurance premium payable while the remaining is recorded as revenue for the consulting service.

Value added tax

The Group is subject to

value-added-tax

(“VAT”) on the revenues earned for services provided in the PRC. The applicable rate of value added tax is 6%. In the accompanying consolidated statements of comprehensive income/(loss), such VAT is excluded from net revenues.

Contract Balance

The Group classifies its right to consideration in exchange for products or services transferred to a customer as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional as compared to a contract asset which is a right to consideration that is conditional upon factors other than the passage of time. Generally, the amount of revenue recognized from insurance brokerage services exceeds the amount billed to customers following the predetermined premium payment schedules at inception of the insurance policy. The Group does not have an unconditional right to such exceeding amount. Accounts receivable represent the considerations for which the Group has satisfied its performance obligations and has the unconditional right to consideration. At each reporting date, the Group assesses whether there is any indicator of impairment to the contract assets and accounts receivable (Note 2(i)). An impairment loss, if any, is recorded as general and administrative expenses on the Consolidated Statements of Comprehensive Income/(Loss).

(z) Cost of revenue

A large component of the Group’s cost of brokerage income is channel cost, which is service fee paid to user traffic channels for successful sales, including social media influencers, emerging media channels and financial institutions. These user traffic channels have influences over their followers and users, who are potential insurance policyholders. Determination of channel cost is based on the service fee rate multiplied by the insurance premium sold. Channel cost is recognized in the year it incurred. The accounts payable represent channel cost payable to user traffic channels.

Another component of cost of brokerage income is payroll of insurance consultants, who are in charge of identifying and acquiring potential customers through providing advices related to insurance product.

Cost of other income mainly consists of payroll for digital and technology development services.

(aa) Selling expenses

The Group records its marketing campaign expenses and loyalty points as selling expenses.

Marketing campaign expenses consist primarily of advertising and marketing expenses. Advertising and marketing expenses are charged to the consolidated statements of comprehensive income/(loss) as incurred. Beside marketing campaign expenses, selling expenses consist of salaries and employment benefits for employees who work in brokerage service line, office rental, telecommunications and office supply expenses incurred in connection with sales activities.

The Group operates a loyalty program which offers points to its users. Such loyalty points can be used to redeem a variety of gifts and services that the Group purchased from third-party providers. Users have a variety of ways to obtain the points, such as signing up an account, inviting friends, and comment on the insurance product, etc. The Group accounts for such points as selling expenses with a corresponding liability recorded under other payables and accrued expenses of consolidated balance sheets upon the offering of these points. The Group estimates liabilities under the loyalty program based on cost of the gifts and services that can be redeemed taking into account estimated breakage. At the time of redemption, the Group records a reduction of other payables and accrued expenses.

(bb) General and administrative Expenses

General and administrative expenses consist of payroll, rental, and related expenses for employees involved in general corporate functions, including finance, legal and human resources, as well as costs associated with use of facilities and equipment, such as depreciation expenses and other general corporate related expenses.

General and administrative expenses also include surcharges on VAT payments according to PRC tax.

(cc) Research and development expenses

Research and development expenses consist primarily of payroll for research and development employees involved in designing and testing of new products and service and outsourcing labor costs. All research and development costs have been expensed as incurred as the costs qualifying for capitalization have been insignificant.

(dd) Others, net

Others, net, mainly consist of

non-operating

income and expenses. During the year ended December 31, 2022, it was composed primarily of RMB12,779 government subsidies and RMB6,702 gain on termination of lease contracts.

(ee) Taxation

Current income taxes are provided on the basis of net income for financial reporting purposes, adjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the regulations of the relevant tax jurisdictions.

Deferred income taxes are recognized for temporary differences between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements, net operating loss carry forwards and credits. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided in accordance with the laws of the relevant taxing authorities. Deferred tax assets and liabilities are measured using enacted rates expected to apply to taxable income in which temporary differences are expected to be received or settled. The effect on deferred tax assets and liabilities of changes in tax rates is recognized in the consolidated statements of comprehensive income/(loss) in the year of the enactment of the change.

The Group considers positive and negative evidence when determining whether a portion or all of its deferred tax assets will more likely than not be realized. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carry-forward periods, its experience with unused accumulated tax loss, and its tax planning strategies. The ultimate realization of deferred tax assets is dependent upon its ability to generate sufficient future taxable income within the carry-forward periods provided for in the tax law and during the periods in which the temporary differences become deductible. When assessing the realization of deferred tax assets, the Group has considered possible sources of taxable income including (i) future reversals of existing taxable temporary differences, (ii) future taxable income exclusive of reversing temporary differences and loss carry-forwards, (iii) future taxable income arising from implementing tax planning strategies, and (iv) specific known trend of profits expected to be reflected within the industry.

For a particular tax-paying component of the Group and within a particular tax jurisdiction, all deferred tax liabilities and assets, as well as any related valuation allowance, are offset and presented as a single noncurrent amount.

The Group recognizes a tax benefit associated with an uncertain tax position when, in its judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax position that meets the

more-likely-than-not

recognition threshold, the Group initially and subsequently measures the tax benefit as the largest amount that the Group judges to have a greater than

% likelihood of being realized upon ultimate settlement with a taxing authority. The Group’s liability associated with unrecognized tax benefits is adjusted periodically due to changing circumstances, such as the progress of tax audits, case law developments and new or emerging legislation. Such adjustments are recognized entirely in the period in which they are identified. The Group’s effective tax rate includes the net impact of changes in the liability for unrecognized tax benefits and subsequent adjustments as considered appropriate by management. The Group classifies interest and penalties recognized on the liability for unrecognized tax benefits as income tax expense.

(ff) Net profit /(loss) per share

Basic loss per share is computed by dividing net profit/(loss) attributable to common shareholders by the weighted average number of common shares outstanding during the year using the

two-class

method. Under the

two-class

method, net profit/(loss) is allocated between common shares and other participating securities based on their participating rights. Net profit/(loss) is not allocated to other participating securities if based on their contractual terms they are not obligated to share in the profit or loss. Diluted profit/(loss) per share is calculated by dividing net profit/(loss) attributable to common shareholders by the weighted average number of common and dilutive common equivalents shares outstanding during the year. Common equivalents shares consist of shares issuable upon the conversion of the redeemable preferred shares using the

if-converted

method, and shares issuable upon the exercise of share options using the treasury stock method. Common equivalents shares are not included in the denominator of the diluted profit/(loss) per share calculation when inclusion of such shares would be anti-dilutive.

(gg) Segment reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The Group determines that their chief executive officer (“CEO”) is the chief operating decision-maker.

The Group is principally engaged into insurance brokerage services, income of which accounted for over 90% of the total revenue. No geographical segment analysis is shown as more than 90% of the Group’s revenue are derived from activities in and from customers located in the PRC and more than 90% of the carrying values of the Group’s long-lived assets other than financial instruments are located in the PRC. During the years ended 31 December 2021 and 2022, the board of directors concluded that the Group has only one reportable segment – insurance brokerage services. The other segments are individually and collectively insignificant for segment reporting purpose. As such, no segment information is presented

(hh) Significant risk and uncertainties

Currency risk

The RMB is not a freely convertible currency. The State Administration for Foreign Exchange, under the authority of the People’s Bank of China, controls the conversion of RMB into foreign currencies. The value of RMB is subject to changes in central government policies and international economic and political developments that affect supply and demand in the China Foreign Exchange Trading System market of cash and cash equivalents and restricted cash. The Group had aggregate amounts of RMB429,970, RMB481,589 and RMB261,891 of cash and cash equivalents and restricted cash denominated in RMB as of December 31, 2020, 2021 and December 31, 2022, respectively.

Concentration of Credit Risk

Details of the customers accounting for 10% or more of total operating revenue are as follows:


	Year Ended December 31
	2020		%			2021		%			2022		%
	RMB					RMB					RMB
Customer A		32,347		3	%		715,287		32	%		309,781		27	%
Customer K		292,975		24	%		489,862		22	%		140,991		12	%
Customer L		152,296		12	%		191,059		9	%		44,546		4	%
Customer I		157,750		13	%		46,972		2	%		19,552		2	%

		635,368		52	%		1,443,180		65	%		514,870		45	%

Details of the customers which accounted for 10% or more of accounts receivable are as follows:


	As of December, 31
	2021		%			2022		%
	RMB					RMB
Customer K		32,702		4	%		47,941		19	%
Customer M		—		—			37,531		15	%
Customer A		464,289		60	%		32,456		13	%
Customer H		165,688		21	%		19,404		8	%

		662,679		85	%		137,332		55	%

The Group performs ongoing credit evaluations of its customers and generally does not require collateral on accounts receivable.

Details of the banks which accounted for 10% or more of cash and cash equivalents and restricted cash are as follows:


	As of December, 31
	2021		%			2022		%
	RMB					RMB
Bank A		294,418		48	%		154,381		41	%
Bank B		144,317		24	%		73,255		19	%
Bank C		46,534		8	%		67,444		18	%
Bank D		61		0	%		40,917		11	%

		485,330		80	%		335,997		89	%

The Group places its cash and cash equivalents and restricted cash in financial institutions located in the PRC which the management believes are of high credit quality. On May 1, 2015, China’s new Deposit Insurance Regulation came into effect, pursuant to which banking financial institutions, such as commercial banks, established in China are required to purchase deposit insurance for deposits in RMB and in foreign currency placed with them. Such Deposit Insurance Regulation would not be effective in providing complete protection for the Group’s accounts, as its aggregate deposits are much higher than the compensation limit. However, the Group believes that the risk of failure of any of these Chinese banks is remote. Bank failure is uncommon in China and the Group believes that those Chinese banks that hold the Group’s cash and cash equivalents and restricted cash are financially sound based on public available information.

Interest rate risk

Fluctuations in market interest rates may negatively affect the Group’s financial condition and results of operations. The Group have not been exposed to material risks due to changes in market interest rates as the borrowings held by the Group all bear interest at a fixed interest rate.

(ii) Recent accounting pronouncements

In June 2016, the FASB issued ASU

2016-13,

“Financial Instruments – Credit Losses (Topic 326)”: Measurement of Credit Losses on Financial Instruments, which is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. In addition, the ASU amends the accounting for credit losses on

available-for-sale

debt securities and purchased financial assets with credit deterioration. For public business entities that are U.S. SEC filers, the ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2022, and interim periods within fiscal years beginning after December 15, 2022. This guidance is effective for the Group beginning on January 1, 2023 and the Group reports the change in this accounting principle through modified retrospective application. The cumulative impact of the adjustments on retained earnings as of January 1, 2023 did not have a material impact on the Group’s consolidated financial statements.

In December 2019, the FASB issued ASU

2019-12,

‘‘Income Taxes (Topic 740)’’. This standard simplifies the Accounting for Income Taxes, removes certain exceptions for recognizing deferred taxes for investments, performing intra period tax allocations and calculating income taxes in interim periods. The ASU also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating income taxes to members of a consolidated group. ASU

2019-12

is effective for annual periods beginning on January 1, 2021, with earlier adoption permitted. The Group has adopted the ASU on January 1, 2021. The adoption of ASU

2019-12

did not have a material impact on the Group’s consolidated financial statements.

In January 2020, the FASB issued ASU

2020-1,

‘‘investments—equity securities (Topic 321)’’. The amendments in this update clarify the interaction of the accounting for equity securities under Topic 321 and investments under the equity method of accounting in Topic 323 and the accounting for certain forward contracts and purchased options accounted for under Topic 815. ASU

2020-01

is effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years, with earlier adoption permitted. The Group intends to adopt the ASU on the effective date of January 1, 2022 and the impact of adopting this standard did not have a material impact on the Group’s consolidated financial statements.

In August 2020, the FASB issued ASU

2020-06,

“Debt — Debt with Conversion and Other Options (Subtopic

470-20)

and Derivatives and Hedging — Contracts in Entity’s Own Equity

(Subtopic 815-40)”.

The amendments in this update affect entities that issue convertible instruments and/or contracts indexed to and potentially settled in an entity’s own equity. The new ASU eliminates the beneficial conversion and cash conversion accounting models for convertible instruments. It also amends the accounting for certain contracts in an entity’s own equity that are currently accounted for as derivatives because of specific settlement provisions. In addition, the new guidance modifies how particular convertible instruments and certain contracts that may be settled in cash or shares impact the diluted EPS computation. The amendments in the ASU are effective for public business entities that meet the definition of an SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The standard is effective for EGCs for fiscal year beginning after December 15, 2023. The FASB also specified that an entity should adopt the guidance as of the beginning of its annual fiscal year and is not permitted to adopt the guidance in an interim period. The Group is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820)—Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”, which clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. This guidance also requires certain disclosures for equity securities subject to contractual sale restrictions. The new guidance is required to be applied prospectively with any adjustments from the adoption of the amendments recognized in earnings and disclosed on the date of adoption. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2024, and interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Group is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

Fair Value Measurements

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

3. Fair Value measurement

The following tables set forth, by level within the fair value hierarchy, financial assets measured at fair value as of December 31, 2021 and 2022. As required by ASC Topic 820, financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the respective fair value measurement.

As of December 31, 2021

Level 1

Level 2

Level 3

Total

RMB

Investments accounted for at fair value Listed equity securities

840

—

840

As of December 31, 2022

Level 1

Level 2

Level 3

Total

RMB

Investments accounted for at fair value Listed equity securities

808

—

808

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Accounts Receivable, Net of Allowance for Doubtful Accounts

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Accounts Receivable, Net of Allowance for Doubtful Accounts

4. Accounts receivable, net of allowance for doubtful accounts

Accounts receivable, net of allowance for doubtful accounts by the Group consist of the following:


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Accounts receivable		780,431			255,251
Less: allowance for doubtful accounts		(3,169	)		(4,584	)

Accounts receivable, net		777,262			250,667

The following table summarizes the movement of the Group’s provision for doubtful accounts:


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Balance at the beginning of the year		1,724		3,169
Provision for doubtful accounts		1,445		1,415

Balance at the end of the year		3,169		4,584

Related Party Balances and Transactions

12 Months Ended

Dec. 31, 2022

Related Party Balances and Transactions

5. Related party balances and transactions

The table below sets major related parties of the Group and their relationships with the Group:


Entity or individual name		Relationship with the Group
Cunjun Ma		Chief Executive Officer and Director of the Group
Individual Director or Officer		Directors or Officers of the Group
Shareholders and minority shareholders		Shareholders and minority shareholders
Xiaoke Huixuan (Shenzhen) Technology Co., Ltd. (“Xiaoke”)		Company that the Group has significant influence on
Huibao Huipei (Shenzhen) Technology Co., Ltd (“Huibao Huipei”)		Company that the Group has significant influence on

Details of related party transactions for the years ended December 31, 2020, 2021 and 2022 are as follows:

Service provided by related parties:


	For the year ended December 31
	2020		2021		2022
	RMB		RMB		RMB
Technology service fee to Xiaoke		—		11,609		7,259
PPC advertisement service fee to Xiaoke		—		412		—
Channel cost to Huibao Huipei		—		140		2,054

Total		—		12,161		9,313

According to the cooperation agreements in 2021 and 2022, Xiaoke provides technology service to the Company, and Huibao Huipei serves as one of the Company’s traffic channels.

Service provided to related parties:


	For the year ended December 31
	2020		2021		2022
	RMB		RMB		RMB
Consulting service fee to Huibao Huipei		—		—		970

Total		—		—		970

The Company provides consulting service to Huibao Huipei according to the cooperation agreement in 2022.

Details of related party balances as of December 31, 2021 and 2022 are as follows:

Amounts due from related parties:


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Shareholders		128		149
Huibao Huipei		—		340

		128		489

The amount due from related parties represents the advance miscellaneous fees for shareholders and the receivable for consulting service provided to Huibao Huipei.

Amounts due to related parties:


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Xiaoke		11,753		495
Others		122		—

		11,875		495

The amount due to Xiaoke represents the payable for technology service.

Prepaid expenses and other receivables and other assets

12 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid expenses and other receivables and other assets

6. Prepaid expenses and other receivables and other assets

Prepaid expenses and other receivables and other assets consist of the following, with current portion presented as

repaid expenses and other receivables and

non-current

portion presented as other assets:


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Current portion:
Prepaid input value-added tax		43,817			32,083
VAT refund receivable		200			4,827
Rental and other deposits		14,532			9,609
Advances to suppliers		13,731			10,230
Interest receivables (a)		2,177			2,467
Advances to staff (b)		970			397
Directors and officers liability insurance premium		658			658
Claim advance on behalf of insurer		77			53
Prepayment for share repurchase		—			898
Advances to a third party (c)		—			10,000
Others		1,939			1,596

		78,101			72,818
Less: Allowance for impairment		(590	)		(1,000	)

		77,511			71,818


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Non-current portion:
Prepayment related to investment		200		—
Advances to long-term assets		179		279

		379		279

(a)	This represented accrued interest income on bank deposits.

(b)	This represented advances to staff of the Group for daily business operations which are unsecured, interest-free and repayable on demand.

(c)	The amounts represent advances to a third party which are interest-bearing at a fixed interest rate of 5% per annum.

Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, net

7. Property, Plant and Equipment, net

Property, plant and equipment, net, consist of the following:


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Computer and electronic equipment		31,041			27,439
Leasehold improvements		27,238			28,124
Office furniture and equipment		10,755			10,330
Motor vehicles		2,443			2,448

Total		71,477			68,341
Less: Accumulated depreciation (1)		(23,016	)		(29,823	)

Property, equipment and equipment, net		48,461			38,518

(1)	Depreciation expenses for the years ended December 31, 2020, 2021 and 2022 were RMB4,684, RMB6,474 and RMB17,319, respectively.

No impairment for property, plant and equipment was recorded for the years ended December 31, 2020, 2021 and 2022.

Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

8. Intangible assets, net

The intangible assets, net consisted of the following:


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Insurance agency license (1)		12,336			45,150
Insurance adjusting license		3,067			3,067
Insurance brokerage license		2,647			2,647
Software and system		5,436			5,695
Domain name		580			580

Total		24,066			57,139
Less: Accumulated amortization (2)		(2,440	)		(3,641	)

Intangible assets, net		21,626			53,498

(1)	During the year ended December 31, 2022, the Group’s disposal of a subsidiary resulted in a decrease of RMB4,519 in insurance agency license, and the Group’s acquisition of a subsidiary resulted in an increase of RMB37,333 in insurance agency license.

The addition of insurance agency license was derived from the acquisition of Shenzhen Detong. During the year ended December 31, 2022, the Company completed the acquisition of Shenzhen Detong. Since substantially all the fair value of the assets acquired from acquiree company was concentrated in a single asset, the acquiree company did not meet the criteria of a business and the transaction was accounted for as an asset acquisition.

(2)	Amortization expenses for the years ended December 31, 2020, 2021 and 2022 were RMB424, RMB950 and RMB1,201, respectively.

No impairment for intangible assets was recorded for the years ended December 31, 2020, 2021 and 2022.

The amortization of the coming 5 years is:


	As of
	December 31, 2022
	RMB
2023		984
2024		694
2025		431
2026		130
2027		72

Long-term Investments

12 Months Ended

Dec. 31, 2022

Investment Company [Abstract]

Long-term Investments

9. Long-term investments


	Equity investments measured under measurement alternative			Equity Method			Investment accounted for at fair value			Equity investments measured under NAV practical expedient			Total
	RMB			RMB			RMB			RMB			RMB
Balances at January 1, 2020		14,500			8,895			—			—			23,395
Additions		1,000			21,450			—			—			22,450
Share of earnings/(loss) of an equity investee		—			239			—			—			239
Reclassification		9,195			(9,195	)		—			—			—

Balances at December 31, 2020		24,695			21,389			—			—			46,084

Balances at January 1, 2021		24,695			21,389			—			—			46,084
Additions		12,500			9,900			4,641			6,373			33,414
Share of earnings/(loss) of an equity investee		—			2,660			—			—			2,660
Fair value change		—			—			(1,339	)		(2,885	)		(4,224	)
Realized gain/(loss)		—			—			265			—			265
Exchange adjustments		—			—			203			29			232
Impairment		(1,610	)		—			—			—			(1,610	)
Disposal		(890	)		—			(2,930	)		—			(3,820	)

Balances at December 31, 2021		34,695			33,949			840			3,517			73,001

Balances at January 1, 2022		34,695			33,949			840			3,517			73,001
Additions		—			10,000			—			—			10,000
Share of earnings/(loss) of an equity investee		—			(2,200	)		—			—			(2,200	)
Fair value change		—			—			(109	)		(2,675	)		(2,784	)
Exchange adjustments		—			—			77			211			288
Disposal		(1,000	)		—			—			—			(1,000	)

Balances at December 31, 2022		33,695			41,749			808			1,053			77,305

Equity method

As of December 31, 2020, 2021 and 2022, the Group’s investments accounted for under the equity method were RMB21,389, RMB33,949 and RMB41,749, respectively. The Group applies the equity method of accounting to account for its equity investments over which it has significant influence but does not own a majority equity interest or otherwise control.

During the year ended December 31, 2020, the Group invested RMB19,000 in cash for 49.26% equity interest in a private equity fund, Nanjing Qiqian Alpha Equity Investment LLP, and RMB2,450 in cash for 49% equity interest in a technology service company, Huibao Huipei. As the Group has significant influence over these companies, the investments were accounted for using the equity method.

During the year ended December 31, 2021, the Group invested RMB5,000 in cash for 49% equity interest in a technology service company, Xiaoke, and RMB4,900 in cash for 47.62% equity interest in a private equity fund, Shanghai Dewu Chuxing Investment Management Partnership (Limited Partnership). As the Group has significant influence over these companies, the investments were accounted for using the equity method.

During the year ended December 31, 2022, the Group

paid

RMB10,000

of its subscribed capital contribution to Shanghai Dewu Chuxing Investment Management Partnership (Limited Partnership). Since this contribution has not affected the Group’s proportion of equity interest in this investment, the Group still used equity method to account for this investment.

Investment accounted for at fair value

The Group paid RMB2,665 in cash to invest in private equity fund CCBT LANIAKEA CAPITAL FUND I L.P. in March 2021 and RMB1,976 in cash in stock of Nayuki in June 2021. The Group elected the fair value option in accordance with ASC 825 to account for the investments and recognized the fair value change in its consolidated statements of comprehensive income/(loss). In May 2021, the Group sold the investment in CCBT LANIAKEA CAPITAL FUND I L.P. and recognized investment gain of RMB265. For the years ended December 31, 2021 and 2022, the Group recognized a fair value loss of RMB1,339 and RMB109 for the investment in the stock of Nayuki, respectively.

such investments during the year ended December 31, 2020.

Equity investments measured under measurement alternative and NAV practical expedient

Equity investments without readily determinable fair values include investments in a private equity fund accounted for under NAV practical expedient, and investments in private companies accounted for under measurement alternative.

Investment in private equity funds over which the Group does not have the ability to exercise significant influence are accounted for under the NAV practical expedient. In March 2021, the Group paid RMB6,373 in cash to invest in private investment fund of Right Time SPC. The Group does not have the ability to exercise significant influence and elect to account for the investment under the NAV practical expedient. During the years ended December 31, 2021 and 2022, the Group recognized a fair value loss of RMB2,885 and RMB2,675.

such investments during the year ended December 31, 2020.

As of December 31, 2020, 2021 and 2022, the Group held investment in certain equity investments measured under measurement alternative. Impairment during the years ended December 31, 2020, 2021 and 2022 were nil, RMB1,610 and nil, respectively.

Short-term Borrowing

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Short-term Borrowing

10. Short-term borrowing


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Bank borrowings (1)		170,000		130,000
Current portion of long-term borrowings (note 14)		46,710		20,000

		216,710		150,000

(1)

The Group obtained short-term borrowings to support its operation. The borrowings bear interest ranging from 4.30% to 5.00% for the year ended December 31, 2021 and interest ranging from 4.60% to 5.00% for the year ended December 31, 2022.

Other payables and accrued expenses

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

Other payables and accrued expenses

11. Other payables and accrued expenses

Other payable and accrued expenses consist of the following:


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Other tax payables		32,006		14,994
Other payable to suppliers		17,365		8,915
Accrued marketing expense -loyalty points		7,414		4,643
Professional fees		7,068		6,211
Advances from the insured		3,211		3,251
Interest payable		655		746
Deposits		625		258
Withholding social security costs and housing benefits		1,152		14,717
Deferred income		—		2,395
Others		1,759		2,121

		71,255		58,251

Employee Benefits	12 Months Ended
Employee Benefits	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee benefits	12. Employee benefits Full-time employees of the Group in the PRC are entitled to welfare benefits including pension insurance, medical insurance unemployment insurance, maternity insurance, on-the-job injury insurance, and housing fund plans through a PRC government-mandated defined contribution plan. Chinese labor regulations require that the Group makes contributions to the government for these benefits based on certain percentages of the employees’ salaries, up to a maximum amount specified by the local government. The Group has no legal obligation for the benefits beyond the contributions. Total contributions by the Group for such employee benefits were RMB18,924, RMB64,238 and RMB54,641 for the years ended December 31, 2020, 2021 and 2022, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Income Taxes

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income taxes

13. Income taxes

Cayman Islands

The Company was incorporated in the Cayman Islands. Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed.

Hong Kong

Under the current Hong Kong Inland Revenue Ordinance, the subsidiary established in Hong Kong is subject to 16.5% income tax rate on its taxable income generated from operations in Hong Kong. Additionally, payments of dividends by the subsidiaries incorporated in Hong Kong to the Company are not subject to any Hong Kong withholding tax.

China

The Company’s subsidiaries, consolidated VIE and subsidiary of the VIE established in the PRC are mainly subject to statutory income tax at a rate of 25%.

On April 14, 2008, relevant governmental regulatory authorities released qualification criteria, application procedures and assessment processes for “high and new technology enterprises” (“HNTE”). The HNTE will be entitled to a favorable statutory tax rate of 15%. An enterprise’s qualification as a HNTE is reassessed by the relevant PRC governmental authorities every three years. On November 2, 2018, the local governments announced that Huize Shidai was qualified as HNTE and was subject to a preferential statutory tax rate of 15% since then. On October 9, 2021, the Chengdu Huize was also qualified as HNTE and was subject to a preferential statutory tax rate of 15% since then. Accordingly, Huize Shidai and Chengdu Huize are taxed at a rate of 15%, subject to reassessment.

The Enterprise Income Tax (“EIT”) Law includes a provision specifying that legal entities organized outside of the PRC will be considered resident enterprises for the PRC income tax purposes if the place of effective management or control is within the PRC. The implementation rules to the EIT Law provide that

non-resident

legal entities will be considered as PRC resident enterprises if substantial and overall management and control over the manufacturing and business operations, personnel, accounting, properties, etc., occurs within the PRC. Despite the present uncertainties resulting from the limited PRC tax guidance on the issue, the Group does not believe that the Group’s entities organized outside of the PRC should be treated as resident enterprises for the PRC income tax purposes. If the PRC tax authorities subsequently determine that the Company and its subsidiary registered outside the PRC should be deemed resident enterprises, the Company and its subsidiary registered outside the PRC will be subject to the PRC income tax, at a rate of 25%.

The EIT Law also imposes a withholding income tax of 10% on dividends distributed by a FIE to its immediate holding company outside of China, if such immediate holding company is considered as a

non-resident

enterprise without any establishment or place within China or if the received dividends have no connection with the establishment or place of such immediate holding company within China, unless such immediate holding company’s jurisdiction of incorporation has a tax treaty with China that provides for a different withholding arrangement. The Cayman Islands, where the Company incorporated, does not have such tax treaty with China. According to the arrangement between the mainland China and Hong Kong Special Administrative Region on the Avoidance of Double Taxation and Prevention of Fiscal Evasion in August 2006, dividends paid by an FIE in China to its immediate holding company in Hong Kong will be subject to withholding tax at a rate of no more than 5% (if the foreign investor owns directly at least 25% of the shares of the FIE). In accordance with accounting guidance, all undistributed earnings are presumed to be transferred to the parent company and are subject to the withholding taxes. All FIEs are subject to the withholding tax from January 1, 2008. Under U.S. GAAP, undistributed earnings are presumed to be transferred to the parent company and are subject to the withholding taxes. The presumption may be overcome if the Group has sufficient evidence to demonstrate that the undistributed dividends will be

re-invested

and the remittance of the dividends will be postponed indefinitely. The Group does not intend to have any of its PRC subsidiaries or VIEs distribute any undistributed profits of such subsidiaries or VIEs to their direct overseas parent companies, but rather intends that such profits will be permanently reinvested by such subsidiaries and VIEs for their PRC operations. As of December 31, 2022, the VIEs are in accumulative loss situation

and

no withholding tax needs to be

accrued.

Composition of income tax expense

The current and deferred portions of income tax expense included in the consolidated statements of comprehensive income/(loss) during the years ended December 31, 2020, 2021 and 2022 are as follows:


	For the Year Ended December 31,
	2020			2021		2022
	RMB			RMB		RMB
Current income tax expense		2,234			—		—
Deferred income tax (benefit)/expense		(466	)		—		—

Income tax expense		1,768			—		—

Tax Reconciliation

Reconciliation between the income tax expense computed by applying the EIT tax rate to income before income taxes and actual provision were as follows:


	For the Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Profit/(Loss) before income tax		(16,524	)		(107,717	)		(33,740	)

Tax expense/(benefit) at EIT tax rate of 25%		(4,131	)		(26,929	)		(8,435	)
Effect of different tax rates applicable to different subsidiaries of the Group		490			(3,195	)		(826	)
Changes in valuation allowance		1,290			37,948			16,154
Income not subject to tax		(34	)		(769	)		(59	)
Expenses not deductible for tax purposes		11,561			2,872			5,608
Research and development tax credit		(7,408	)		(12,627	)		(12,442	)
Effect on deferred tax assets due to change in tax rates		—			2,700			—

Income tax expense		1,768			—			—

Deferred tax assets and deferred tax liabilities

The following tables set forth the significant components of the deferred tax assets and deferred tax liabilities:


	December 31, 2021			December 31, 2022
	RMB			RMB
Deferred tax assets
Advertising expenses		1,105			1,569
Net accumulated losses carry forward		67,714			94,697
Depreciation and amortization		271			338
Allowance for doubtful accounts		940			1,505
Accrued expenses		4,171			6,640
Operating lease liab ilitie s		—			45,639
Less: valuation allowance		(73,596	)		(90,049	)

Gross deferred tax asset s		605			60,339
Offse t		—			(60,339	)
Net deferred tax assets		605			—

Deferred tax liabilities
Intangible assets		4,287			12,491
Operating lease right-of-use asset s		—			45,638
Gain on equity method investee		605			605
Variable consideration of renewal incom e		—			14,096

Gross deferred tax liabilities		4,892			72,830
Offset		—			(60,339	)

Net deferred tax liabilities		4,892			12,491

Movement of valuation allowance


	For the years Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Balance at the beginning of the year		33,211			34,501			73,596
Additions		7,318			37,961			20,122
Acquisition of subsidiaries		—			1,147			1,529
Reversals		(6,028	)		(13	)		(3,968	)
Expiration		—			—			(166	)
Disposal of subsidiaries		—			—			(1,064	)

Balance at end of the year		34,501			73,596			90,049

Valuation allowance is provided against deferred tax assets when the Group determines that it is

more-likely-than-not

that the deferred tax assets will not be utilized in the future. The Group considers positive and negative evidence to determine whether some portion or all of the deferred tax assets will be

more-likely-than-not

realized. This assessment considers, among other matters, the nature, frequency and severity of recent losses and forecasts of future profitability. These assumptions require significant judgment, and the forecasts of future taxable income are consistent with the plans and estimates the Group is using to manage the underlying businesses. The statutory rate of 25%, 15% or 16.5%, depending on which entity, was applied when calculating deferred tax assets.

As of December 31, 2020, 2021 and 2022, the Group had tax on net operating loss carryforwards of approximately RMB31,218, RMB67,714 and RMB 94,697, respectively, which arose from the subsidiaries, VIE and the VIE’s subsidiary established in PRC. As of December 31, 2020, 2021 and 2022, of the tax on net operating loss carryforwards, RMB30,613, RMB67,109 and RMB94,092 was provided for valuation

allowance,

respectively, while the remaining

RMB605, RMB605 and RMB605 is expected to be utilized prior to expiration considering future taxable income for respective entities. In 2020 and 2021, the net operating loss carry forward of Shenzhen Huize, Huize Shidai and Chengdu Huize was provided for the addition of valuation allowance. In 2022, the addition of valuation allowance was mainly provided by the net operating loss carry forward of Chengdu Huize and other certain subsidiaries of VIE, because it was more likely than not that such deferred tax assets will not be realized based on the Group’s estimates of its future taxable income.

In 2022, the reversal of valuation allowance was mainly caused by the decrease of net operation loss carry forward of Shenzhen Huize.

According to the Circular of relevant governmental regulatory authorities of Taxation on Extending the Loss Carry-over Period of High-tech Enterprises and High-tech SMEs (Cai Shui [2018] No. 76), from January 1, 2018, the enterprises that have the qualifications of high-tech enterprises or high-tech SMEs will be able to make up for the losses that have not been utilized in the previous five years before the qualification year. The longest carry-over period is extended from 5 years to 10 years. As of December 31, 2022, the net operating loss carryforwards will expire during the period from 2024 to 2031, if unused.

Uncertain tax positions

The liabilities associated with uncertain tax positions were RMB2,440 and RMB2,440 as of December 31, 2021 and 2022, respectively. The Group did not accrue any potential penalties and interest related to these uncertain tax positions for all years presented on the basis that the likelihood of penalties and interest being charged is not considered to be probable.

The amounts of uncertain tax positions listed above are based on the recognition and measurement criteria of ASC 740. However, due to the uncertain and complex application of tax regulations, it is possible that the ultimate resolution of uncertain tax positions may result in liabilities which could be materially different from these estimates. The Group does not expect changes in uncertain tax positions recognized as of December 31, 2022 to be material in the next twelve months. In general, the PRC tax authorities have up to five years and in certain cases up to

years to conduct examinations of the tax filings of the Group. There are no ongoing examinations by tax authorities as of December 31, 2022.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (SX 210.4-08(h)(2))
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+ Details

Long-term borrowing

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Long-term borrowing

14. Long-term borrowing

The following table summarizes the details of the Group’s long-term borrowings:


	Maturity Date	Principal Amount		Interest Rate Per Annum			As of
Type	Maturity Date	Principal Amount		Interest Rate Per Annum			December 31, 2021			December 31, 2022
							RMB			RMB
Bank loan	May 20, 2022		20,000		4.60	%		20,000			—
Bank loan	May 19, 2023		20,000		4.75	%		20,000			20,000
Bank loan	July 19, 2022		29,400		3.85	%		26,710			—

Total								66,710			20,000

Less: Current portion of long-term borrowings								(46,710	)		(20,000	)

								20,000			—

As of December 31, 2021 and 2022, the loan with maturity date of July 19, 2022 was pledged by the deposits of HK Smart Choice and the credit of Huize Insurance Brokerage. Interest is payable on a monthly basis.

Common Shares	12 Months Ended
Common Shares	Dec. 31, 2022
Equity [Abstract]
Common shares	15. Common shares The Company’s Memorandum and Articles of Association authorizes the Company to issue up to 4,549,953,780 common shares with a par value of US$0.00001 per shares. As of December 31, 2019, the Company has 483,310,373 shares issued and outstanding. Each common share is entitled to one vote. On February 12, 2020, The Company completed its IPO on the Nasdaq Global Market. 5,322,453 ADSs (including 72,453 ADSs sold upon the full exercise of the underwriters’ over-allotment options), representing 106,449,060 Class A common shares, were issued and sold to the public at a price of US$10.5 per ADS. Upon the completion of IPO, the Group divided its common shares into Class A common shares and Class B common shares. Holders of Class A common shares will be entitled to one vote per share, while holders of Class B common shares will be entitled to 15 votes per share. Each Class B common share is convertible into one Class A common share at any time by the holder thereof, while Class A common shares are not convertible into Class B common shares under any circumstances. Upon any sale, transfer, assignment or disposition of Class B common shares by a holder thereof to any person or entity that is not an affiliate of such holder, such Class B common shares shall be automatically and immediately converted into an equal number of Class A common shares. All of the 150,591,207 common shares held by Huidz Holding Limited, an entity controlled by Mr. Cunjun Ma, the chairman of the board of directors and the chief executive officer, was re-designated as Class B common shares. Upon the completion of IPO, Mr. Cunjun Ma beneficially owned an aggregate of 150,591,207 Class B common shares, which represented 76.4% of the Company’s total voting power. All the issued and outstanding redeemable preferred shares and the rest of common shares converted into Class A common shares on a one-for-one basis. The holders of common shares are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to prior rights of holders of all other classes of shares outstanding. In April 2020, board of directors authorized a share repurchase program under which the Company may repurchase up to US$10 million of its outstanding ADSs over the next 12 months, subject to relevant rules under the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policy. As of December 31, 2021 and 2022, the Company repurchased 171,843 ADSs in total (equivalent to 3,436,860 shares) and 826,730 ADSs in total (equivalent to 16,534,600 shares), respectively, and the costs of treasury stock were RMB9,545 and RMB15,306, respectively.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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-Name Accounting Standards Codification
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+ Details

Redeemable Preferred Shares

12 Months Ended

Dec. 31, 2022

Temporary Equity Disclosure [Abstract]

Redeemable preferred shares

16. Redeemable preferred shares

In September 2014, the Group issued 204,022,000 Series A Redeemable Preferred Shares (“Series A Redeemable Preferred Shares”) for an aggregate consideration of RMB39,404,003. Also, the Group upgraded 87,935,500 shares to Series A Redeemable preferred shares when these shares were transferred from Series

Pre-A

shareholders to Series A shareholders.

In March 2016, the Group issued 185,512,580 Series B Redeemable Preferred Shares (“Series B Redeemable Preferred Shares”) for an aggregate consideration of RMB200,000.

In July 2016, the Group issued 43,937,180 Series B+ Redeemable preferred shares (“Series B+ Redeemable Preferred Shares”) for an aggregate consideration of RMB62,500.

During the year ended December 31, 2018, 16,574,460 Redeemable Preferred Shares (“Series B++ Redeemable Preferred Shares) were converted from the convertible bond with the principal amount of RMB24,520 and interest amount of RMB907.

The Group’s redeemable preferred shares activities for the years ended December 31, 2020, 2021 and 2022 are summarized below:


	Series A Shares						Series B Shares						Series B+ Shares						Series B++ Shares
	Number of Shares			Amount (RMB)			Number of Shares			Amount (RMB)			Number of Shares			Amount (RMB)			Number of Shares			Amount (RMB)
Balances as of January 1, 2020		204,022,000			84,072			185,512,580			261,272			43,937,180			81,654			16,574,460			27,629
Redeemable Preferred Shares redemption value accretion		—			788			—			2,634			—			701			—			151
Conversion and re-designation of preferred shares into Class A common shares		(204,022,000	)		(84,860	)		(185,512,580	)		(263,906	)		(43,937,180	)		(82,355	)		(16,574,460	)		(27,780	)

Balances as of December 31, 2020		—			—			—			—			—			—			—			—

Balances as of December 31, 2021		—			—			—			—			—			—			—			—

Balances as of December 31, 2022		—			—			—			—			—			—			—			—

The redeemable preferred shares issued by the Company carry the following rights:

Voting right and board seats

The Redeemable Preferred Shareholders shall have the right to one vote for each Redeemable Preferred Share, the same as common shareholders.

The Redeemable Preferred Shareholders are entitled to appoint a total of three directors of the Board. To constitute a quorum for the meeting of the Board, it must include the three directors appointed by Redeemable Preferred Shareholders or their entrusted proxies.

Redemption

Redemption Condition for Redeemable Preferred Shares:

The Redeemable Preferred Shares are redeemable in the event of the Company fails to complete a qualified IPO before December 31, 2020.

The redemption price of the investor of Series B+ and Series B is the investment amount of the investors plus the annual rate of return on compound interest of 8% per annum. The redemption price of the investor of Series A and Series B++ is the investment amount of the investors plus the internal rate of return of compound interest of 10% per annum.

The Group accretes changes in the redemption value over the period from the date of issuance of the Redeemable Preferred Shares to their respective earliest redemption date using the contractual interest rate. Changes in the redemption value are considered to be changes in accounting estimates. The accretion will be recorded against retained earnings, or in the absence of retained earnings, by charges against additional

paid-in

capital. Once additional

paid-in

capital has been exhausted, additional charges should be recorded by increasing the accumulated deficit.

Dividends Rights

The Redeemable Preferred Shareholders shall be entitled to receive dividend according to their actual investment ratio, the same as common shareholders.

As explained in note 15, all the redeemable preferred shares conversed into Class A common shares on a

one-for-one

basis upon the completion of IPO.

Share-based Compensation

12 Months Ended

Dec. 31, 2022

Share-based Payment Arrangement [Abstract]

Share-based compensation

17. Share-based compensation

Share-based compensation was recognized in operating expenses for the years ended December 31, 2020, 2021 and 2022 as follows:


	For the year Ended December 31,
	2020		2021			2022
	RMB		RMB			RMB
Cost of revenue		410		(387	)		11
Selling expenses		10,642		(475	)		1,041
General and administrative expenses		40,820		(665	)		9,151
Research and development expenses		381		(297	)		208

		52,253		(1,824	)		10,411

Global Share Incentive Plan

In June 2019, the Company adopted a Global Share Incentive Plan (the “Global Plan”), which includes Option Plan, Restricted Shares Plan and Shares Award.

Option Plan

Under the Option Award Agreement, options which granted to employees vest upon satisfaction of a service condition, which is generally satisfied over four years. Additionally, the Option Grant includes a condition where employees can only exercise vested options upon the occurrence of that the Company’s common shares become listed securities, which substantially creates a performance condition (“IPO Condition”). Meanwhile, the Company offers their employees broker-assisted cashless exercise programs to help the employees exercise their stock options without having to use their personal funds to pay for the exercise price. The options are classified as liability-classified award. As of December 31, 2019, the Company granted 19,463,440 share options to certain of its employees. The Company finished its initial public offering in February 2020, the share-based compensation cost was recognized accordingly.

During the years ended 2021, the Company granted 21,631,945 share options to employees pursuant to the Global Plan. No share options were granted during the year ended 2022.

The following table summarized the Company’s activities under the Option Plan for the years ended December 31, 2020, 2021 and 2022:


	Number of options			Weighted average exercise price (US$)
Outstanding at January 1, 2020		19,463,440			0.1607
Granted		—			—
Exercised		(707,396	)		0.1607
Forfeited		(2,601,993	)		0.1607
Outstanding at December 31, 2020		16,154,051			0.1607

Vested and exercisable at December 31, 2020		5,004,126			0.1607

Outstanding at January 1, 2021		16,154,051			0.1607
Granted		21,631,945			0.1609
Exercised		(201,040	)		0.1607
Forfeited		(740,231	)		0.1607
Outstanding at December 31, 2021		36,844,725			0.1608

Vested and exercisable at December 31, 2021		11,884,664			0.1709

Outstanding at January 1, 2022		36,844,725			0.1608
Granted		—			—
Exercised		—			—
Forfeited		(3,020,669	)		0.1515
Outstanding at December 31, 2022		33,824,056			0.1616

Vested and exercisable at December 31, 2022		24,166,379			0.1640

The following table summarizes information regarding the share options outstanding as of December 31, 2022:


	As of December 31, 2022
	Options number		Weighted average exercise price per option		Weighted average remaining contractual life (years)		Aggregate intrinsic value
			US$				US$
Outstanding		33,824,056		0.1616		7.67		—
Exercisable		24,166,379		0.1640		7.52		—
Expected to vest		9,657,677		0.1556		8.03		—

The weighted average fair value of the options was US$ 0.0127 and US$ 0.0192 per option as of December 31, 2021 and 2022, respectively.

The aggregate intrinsic value is calculated as the difference between the exercise price of the options and the fair value of the underlying stock at December 31, 2022.

The fair value of the option plan was estimated on the date of each balance sheet date using the binomial option pricing model with the assumptions (or ranges thereof) in the following table:


	Weighted average
	2021			2022
Exercise price (US$)		0.1608			0.1616
Expected forfeiture rate (post-vesting)		10.85	%		5.86	%
Expected volatility		40.57	%		51.70	%
Excepted term (in years)		8.71			7.67
Expected dividend yield		0	%		0	%
Risk-free interest rate		1.4658	%		3.9302	%

Risk-free interest rate is estimated based on the yield curve of US Treasury BVAL Curve from Bloomberg as of the option valuation date. The expected volatility at the grant date and each option valuation date is estimated based on annualized standard deviation of daily stock price return of comparable companies with a time horizon close to the expected expiry of the term of the options. The Group does not anticipate any dividend payments in the foreseeable future. Expected term is the contract life of the options.

Employees Restricted Shares Plan

Under the Employees Restricted Shares Award Agreement, restricted shares which granted to employees vest upon satisfaction of a service condition and a performance condition, which is generally satisfied over four years. The restriction will be removed along with the satisfaction of the service condition. As of December 31, 2020, the Company granted 23,809,190 restricted common shares to certain senior management through Bodyguard Holding Limited (“Bodyguard”) as a holding platform. In March 2021, the Company granted additional 320,000 restricted shares to the senior management pursuant to the Global Plan. No restricted shares were granted during the year ended 2022.

The following table summarized the Company’s restricted shares activities under the Employees Restricted Shares Plan for the years ended December 31, 2020, 2021 and 2022:


	Options to employees			Weighted average grant-date fair value
Non-vested at January 1, 2020		23,809,190			—
Granted		—			—
Vested		(7,000,739	)		—
Forfeited		(3,475,844	)		—

Non-vested at December 31, 2020		13,332,607			—

Non-vested at January 1, 2021		13,332,607			—
Granted		320,000			2.49
Vested		(4,925,510	)		—
Forfeited		(613,553	)		—

Non-vested at December 31, 2021		8,113,544			—

Non-vested at January 1, 2022		8,113,544			—
Granted		—			—
Vested		(4,519,185	)		—
Forfeited		(163,614	)		—

Non-vested at December 31, 2022		3,430,745			—

Restricted shares granted to employees are measured based on their grant-date fair values and recognized as compensation cost on a graded-vesting method over the requisite 2.25 to 4 years’ service period. The weighted average grant date fair value of restricted shares granted for the years ended December 31, 2020, 2021 and 2022 were nil, RMB2.49 per share and nil, respectively. As of December 31, 2020, 2021 and 2022, there were a total of RMB35,880, RMB11,355 and RMB8,163 share-based compensation expenses recognized, respectively. As of December 31, 2021 and 2022, there were RMB11,883 and RMB770 unrecognized share-based compensation, respectively.

Shares Award

Under the Shares Award Agreement, 14,229,183 common shares were awarded to Mr. Cunjun Ma directly through an entity wholly owned by Mr. Cunjun Ma with no consideration on June 30, 2019. The fair value of the shares awarded was RMB4.20 per share, and a total of RMB59,778 share-based compensation expense was recognized on June 30, 2019. No shares were awarded during the years ended December 31, 2020, 2021 and 2022.

Operating Revenue

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Operating revenue

18. Operating revenue


	For the Year Ended December 31,
	2020		2021		2022
	RMB		RMB		RMB
Brokerage income
-Life and health insurance business		1,166,118		2,170,767		1,046,469
-Property and casualty insurance business		49,316		61,486		62,183

Brokerage income subtotal		1,215,434		2,232,253		1,108,652

Other income		4,788		12,763		49,256

Total operating revenue		1,220,222		2,245,016		1,157,908

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Selling Expense

12 Months Ended

Dec. 31, 2022

Selling Expense [Abstract]

Selling expense

19. Selling expense


	For the Year Ended December 31,
	2020		2021			2022
	RMB		RMB			RMB
Salaries and employment benefits		129,327		222,428			166,588
Advertising and marketing expenses		71,472		97,945			31,026
Rental and utilities expenses		6,961		13,781			15,358
Office expenses		5,877		5,623			4,086
Travelling expenses		1,689		3,734			1,911
Depreciation and amortizations		444		680			1,101
Share-based compensation expenses		10,642		(475	)		1,041
Business development		384		761			827
Others		3,642		6,096			9,726

Total		230,438		350,573			231,664

General and Administrative Expenses

12 Months Ended

Dec. 31, 2022

General and Administrative Expense [Abstract]

General and administrative expenses

20. General and administrative expenses


	For the Year Ended December 31,
	2020		2021			2022
	RMB		RMB			RMB
Salaries and employment benefits		51,457		87,321			59,484
Rental and utilities expenses		2,332		33,486			25,056
Professional service expenses		20,075		31,868			18,858
Depreciation and amortizations		1,875		2,195			11,448
Share-based compensation expenses		40,820		(665	)		9,151
Directors and Officers liability insurance premium		6,127		7,798			7,891
Office expenses		3,811		8,532			6,177
VAT Surcharge		3,845		6,954			3,529
Bank charges		7,849		7,955			3,048
Bad debt expense		1,218		1,445			2,415
Travelling expenses		1,648		1,675			786
Other		9,150		9,055			6,872

Total		150,207		197,619			154,715

Investment Income/(Loss)

12 Months Ended

Dec. 31, 2022

Income Loss From Investments Net [Abstract]

Investment Income/(Loss)

21. Investment income/(loss)


	For the Year Ended December 31,
	2020		2021			2022
	RMB		RMB			RMB
Fair value change of investments accounted for at fair value		—		(1,339	)		(109	)
Fair value change of equity investments measured under NAV practical expedient		—		(2,885	)		(2,675	)
Dividends received from equity investments		137		241			237
Impairment loss related to equity investments measured under measurement alternative		—		(1,610	)		—
Realized gain/(loss) related to the investments accounted for at fair value		—		265			—
Gain on disposal of subsidiary		—		—			331

Total		137		(5,328	)		(2,216	)

Net Loss Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Net loss per share

22. Net loss per share

Basic net loss per share and diluted net loss per share have been calculated in accordance with ASC 260 on computation of earnings per share for the years ended December 31, 2020, 2021 and 2022 as follows:


	For the Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Numerator:
Net loss		(18,292	)		(107,717	)		(33,740	)
Less: Net loss attributable to non-controlling interests		—			(51	)		(2,553	)

Net loss attributable to common shares and redeemable preferred shares		(18,292	)		(107,666	)		(31,187	)
Redeemable preferred shares redemption value accretion		(4,274	)		—			—
Allocation to redeemable preferred shareholders		1,074			—			—
Net loss attributable to common shareholders-Basic and diluted		(21,492	)		(107,666	)		(31,187	)

Denominator:
Denominator for basic loss per share weighted-average common shares outstanding		963,817,614			1,021,861,206			1,021,958,881
Dilutive effect of restricted shares		—			—			—
Dilutive effect of share options		—			—			—
Denominator for diluted loss per share weighted-average common shares outstanding		963,817,614			1,021,861,206			1,021,958,881
Basic and diluted loss per share		(0.02	)		(0.11	)		(0.03	)

The potentially dilutive securities that were not included in the calculation of above dilutive net loss per share in the years presented where their inclusion would be anti-diluted include restricted shares of 1,789,534 shares, 4,054,623 shares and 11,273,390 shares for the years ended December 31, 2020, 2021 and 2022, respectively, and share options of 4,114,655 shares, nil and 20,246,077 shares for the years ended December 31, 2020, 2021 and 2022 on a weighted average basis, respectively.

Lease

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Lease

23.Lease

The following table presents balances reported in the consolidated balance sheets related to the Group’s leases:


	As of December 31, 2021		As of December 31, 2022
	RMB		RMB
Operating lease right-of-use assets		247,819		162,180
Operating lease liabilities		264,069		186,107

Lease

expenses

for

these

leases

are

recognized

on a

straight

-line

basis

over the

lease

term.

For

short-

term

leases

over

which

the

Group

has

elected

not

apply

the

recognition

requirements of

ASC

842

, the

Group

has

recognized

the

lease

payments as

expenses

on a

straight

-line

basis

over

the

lease term.

For

the

year

ended

December

31,

2020

, total

rental

expenses

under

all

operating

leases

were

RMB6,941. For

the

years

ended

December

2021

and

2022

, total lease

cost

comprised

the

following


	For the Year Ended December 31,
	2021		2022
	RMB		RMB
Operating lease cost		46,102		39,476
Short term lease cost		385		1,724

Total lease cost		46,487		41,200

The following table presents the maturity of the Group’s operating lease liabilities as of December 31, 2022:


	As of December 31, 2022
	RMB
2023		19,100
2024		26,084
2025		26,559
2026		28,201
2027		29,755
Thereafter		99,792

Total operating lease payments (undiscounted)		229,491
Less: Imputed interest		(43,384	)

Total operating lease liabilities (discounted)		186,107

As of December 31, 2022, the Group has no significant lease contract that has been entered into but not yet commenced.

Supplemental cash flow information related to the operating leases was as follow:


	For the Year Ended December 31,
	2021		2022
	RMB		RMB
Cash paid for amounts included in operating lease liabilities		27,360		24,554

Pursuant to the lease agreements dated in March and August 2022, the Group’s certain leased space was decreased, which led to terminations and partial terminations of the lease contracts. The difference between the decrease in the carrying amount of the lease liabilities and the proportionate decrease in the carrying amount of the

right-of-use

assets was recorded as others, net of RMB7,215 in consolidated statements of comprehensive income/(loss). The decrease of lease liabilities constituted a

non-cash

financing activity.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	24. Commitments and contingencies The Group had investment commitments of RMB55,546 as of December 31, 2021 and RMB11,000 as of December 31, 2022.

Restricted Net Asset	12 Months Ended
Restricted Net Asset	Dec. 31, 2022
Restricted Assets Net [Abstract]
Restricted Net Asset	25. Restricted net asset Relevant PRC laws and regulations permit payments of dividends by the Group’s entities incorporated in the PRC only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. In addition, the Company’s entities in the PRC are required to annually appropriate 10% of their net after-tax income to the statutory general reserve fund prior to payment of any dividends, unless such reserve funds have reached 50% of their respective registered capital. As a result of these and other restrictions under PRC laws and regulations, the Company’s entities incorporated in the PRC are restricted in their ability to transfer a portion of their net assets to the Company either in the form of dividends, loans or advances. Even though the Company currently does not require any such dividends, loans or advances from the PRC entities for working capital and other funding purposes, the Company may in the future require additional cash resources from them due to changes in business conditions, to fund future acquisitions and development, or merely to declare and pay dividends or distributions to its shareholders. In addition, restricted cash and insurance premium receivables of the VIE and its subsidiaries can only be used to settle relevant obligations of the VIE and its subsidiaries. Except for the above, there is no other restriction on use of proceeds generated by the Group’s subsidiaries and VIE to satisfy any obligations of the Company. As of December 31, 2022, the restricted net assets of the Group’s relevant PRC entities amounted to RMB262,124. Furthermore, cash transfers from the Company’s PRC subsidiaries to their parent companies outside of China are subject to PRC government control of currency conversion. Shortages in the availability of foreign currency may restrict the ability of the PRC subsidiaries and consolidated affiliated entities to remit sufficient foreign currency to pay dividends or other payments to the Company, or otherwise satisfy their foreign currency denominated obligations.

Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

26. Parent company only condensed financial information

The condensed financial information of the Company has been prepared in accordance with SEC Regulation

S-X

Rule

5-04

and Rule

12-04,

using the same accounting policies as set out in the Group’s consolidated financial statements, except that the Company uses the equity method to account for investments in its subsidiaries and VIE.

The subsidiaries did not pay any dividend to the Company for the years presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements are not the general- purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Company.

The Company did not have significant capital and other commitments or guarantees as of December 31, 2022. The subsidiaries did not pay any dividend to the Company for the years presented.

The Condensed Financial Information of the Parent Company for the year ended December 31, 2020 has been revised to correct an immaterial error related to presentation of cash flows of amount due from subsidiary. Such cash flow was previously presented in error as cash flows from operating activities of the Parent Company and has been revised to cash flows from investing activities of the Parent Company. The impact of the above presentation error was not material to the previously issued financial statements taken as a whole.

Balance sheet


	As of December 31,
	2021			2022
	RMB			RMB			USD$ Note 2(f)
Assets
Cash and cash equivalent		16,291			5,613			814
Amount due from related parties		106			149			22
Prepaid expense and other receivables		291,666			316,172			45,839
Long-term investments		76,030			44,307			6,424

Total assets		384,093			366,241			53,099

Liabilities and Shareholders’ equity
Other payables and accrued expenses		17,892			17,892			2,594
Contract liabilities		4,555			3,332			483
Payroll and welfare payable		1,582			4,138			600

Total liabilities		24,029			25,362			3,677

Shareholders’ equity
Class A common shares (US$0.00001 par value; 7,000,000,000 shares authorized as of December 31, 2021 and 2022, respectively; 894,456,046 shares issued as of December 31, 2021 and 2022, respectively; 886,166,726 shares and 873,068,986 shares outstanding as of December 31, 2021 and 2022, respectively)		62			62			9
Class B common shares (US$0.00001 par value; 800,000,000 shares authorized as of December 31, 2021 and 2022, respectively; 150,591,207 shares issued and outstanding as of December 31, 2021 and 2022, respectively)		10			10			1
Treasury stock (3,436,860 shares and 16,534,600 shares as of December 31, 2021 and December 31, 2022, respectively)		(9,545	)		(15,306	)		(2,219	)
Additional paid-in capital		896,772			904,935			131,203
Accumulated other comprehensive loss		(27,295	)		(17,695	)		(2,566	)
Accumulated deficit		(499,940	)		(531,127	)		(77,006	)

Total shareholders’ equity		360,064			340,879			49,422

Total liabilities and shareholders’ equity		384,093			366,241			53,099

Statement of Comprehensive Income/(Loss)


	Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			USD$ Note 2(f)
Operating revenue
Other income		228			1,269			1,553			225

Total operating revenue		228			1,269			1,553			225

Operating cost and expenses
General and administrative expenses		(4,611	)		(5,994	)		(4,614	)		(670	)

Operating loss		(4,383	)		(4,725	)		(3,061	)		(445	)

Other expense
Interest income		11			4			—			—
Unrealized exchange income		421			—			—			—

Profit/(loss) before income tax, and share of loss of subsidiaries and VIEs		(3,951	)		(4,721	)		(3,061	)		(445	)

Share of income/(loss) of subsidiaries and VIEs		(14,341	)		(102,945	)		(28,126	)		(4,078	)

Net profit/(loss)		(18,292	)		(107,666	)		(31,187	)		(4,523	)

Redeemable preferred shares redemption value accretion		(4,274	)		—			—			—
Allocation to redeemable preferred shares		1,074			—			—			—

Net profit/(loss) attributable to common shareholders		(21,492	)		(107,666	)		(31,187	)		(4,523	)

Net profit/(loss)		(18,292	)		(107,666	)		(31,187	)		(4,523	)
Foreign currency translation adjustment, net of tax		(22,386	)		(5,323	)		9,600			1,392

Total comprehensive income/(loss)		(40,678	)		(112,989	)		(21,587	)		(3,131	)

Statement of cash flows


	Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			USD$
Cash flows from operating activities:
Net profit/(loss)		(18,292	)		(107,666	)		(31,187	)		(4,523	)
Adjustments to reconcile net profit/(loss) to net cash used in operating activities:
Unrealized exchange (income)/loss		(421	)		—			—			—
Share of income/(loss) of subsidiaries and VIEs		14,341			102,945			28,126			4,078
Interest income		(11	)		—			—			—

		(4,383	)		(4,721	)		(3,061	)		(445	)

Changes in operating assets and liabilities:
Increase/(decrease) in other payables and accrued expenses		(1,340	)		(4,730	)		—			—
Increase/(decrease) in contract liabilities		—			4,555			(1,223	)		(177	)
(Increase)/decrease in prepaid expense and other receivables		—			21			22,800			3,306
(Increase)/decrease in accounts receivable and contract assets		(216	)		216			—			—
(Increase)/decrease in amount due from related parties		(189	)		83			(43	)		(6	)

Net cash provided by/(used in) operating activities		(6,128	)		(4,576	)		18,473			2,678

Cash flows from investing activities:
Investments in subsidiaries and consolidated VIEs		(245	)		(247	)		—			—
Payments of inter-company balances		(139,123	)		(161,216	)		(23,376	)		(3,389	)

Net cash provided by/(used in) investing activities		(139,368	)		(161,463	)		(23,376	)		(3,389	)

Cash flows from financing activities:
Proceeds from initial public offering, net of issuance costs		340,479			—			—			—
Proceeds from exercise of options		503			497			—			—
Repurchase of Class A common shares		(2,063	)		(3,003	)		(6,659	)		(965	)

Net cash provided by/(used in) financing activities		338,919			(2,506	)		(6,659	)		(965	)

Effect of exchange rate changes on cash and cash equivalents		(6,268	)		(2,381	)		884			128

Net increase/(decrease) in cash and cash equivalents and restricted cash		187,155			(170,926	)		(10,678	)		(1,548	)
Total cash and cash equivalents and restricted cash at beginning of year		62			187,217			16,291			2,362

Total cash and cash equivalents and restricted cash at end of year		187,217			16,291			5,613			814

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	27. Subsequent events The Company evaluated its subsequent events through April 19, 2023, the date on which these financial statements were issued. Except for the below transaction, there is no material events or transactions needing recognition or disclosure found.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Basis of presentation

(a) Basis of presenta

ion

accounting

policies followed by the Group in the preparation of the accompanying consolidated financial statements are summarized below.

As an emerging growth company, the Company elects to use the extended transition year for complying with new or revised financial accounting standards.

Basis of consolidation

(b) Basis of consolidation

All transactions and balances among the Company, its subsidiaries, the VIE and the VIE’s subsidiaries have been eliminated upon consolidation.

Exclusive Business Cooperation Agreement

Exclusive Option Agreement

Share Pledge Agreements

Power of Attorney

Pursuant to each power of attorney, each shareholder of Huiye Tianze has irrevocably appointed Zhixuan to act as such shareholder’s exclusive

attorney-in-fact

Selected Condensed Consolidated Balance Sheets Information


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Assets
Current assets
Cash and cash equivalent		323,011		205,781
Restricted cash		127,315		55,458
Contract assets, net of allowance for doubtful accounts		—		49,888
Account receivable, net of allowance for impairment		777,055		250,238
Insurance premium receivables		1,217		1,792
Amount due from related parties		—		340
Prepaid expense and other receivables		106,865		96,987

Total current assets		1,335,463		660,484

Non-current assets
Restricted cash		24,680		—
Contract assets, net of allowance for doubtful accounts		—		6,634
Property, Plant and Equipment, net		47,800		38,133
Intangible assets, net		18,979		50,851
Deferred tax assets		605		—
Long-term investments		59,450		66,250
Operating lease right-of-use assets		241,880		162,180
Goodwill		461		461
Other Assets		379		279

Total non-current assets		394,234		324,788

Total assets		1,729,697		985,272


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Liabilities and Shareholders’ Equity
Short-term borrowings		216,710			150,000
Accounts payable		680,183			261,993
Insurance premium payables		124,019			27,567
Contract liabilities		2,681			702
Other payables and accrued expenses		207,461			195,136
Payroll and welfare payable		92,094			39,674
Income taxes payable		2,440			2,440
Operating lease liabilities		12,362			10,075
Amount due to related parties		11,875			495

Total current liabilities		1,349,825			688,082

Non-current liabilities
Long-term borrowings		20,000			—
Deferred tax liabilities		4,455			12,054
Operating lease liabilities		245,396			176,032

Total non-current liabilities		269,851			188,086

Total liabilities		1,619,676			876,168

Shareholders’ equity
Common shares		44,766			44,766
Additional paid-in capital		460,157			470,553
Accumulated deficit		(395,751	)		(407,361	)

Total shareholders’ equity attributable to Huize Holding Limited shareholders		109,172			107,958
Non-controlling interests		849			1,146

Total shareholders’ equity		110,021			109,104

Total liabilities and shareholders’ equity		1,729,697			985,272

Selected Condensed Consolidated Statements of Income/(loss) Information


	For the Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Operating revenue
Brokerage income		1,215,434			2,231,388			1,107,090
Other income		4,560			11,494			49,223

Total operating revenue		1,219,994			2,242,882			1,156,313

Operating costs and expenses
Cost of revenue		(813,507	)		(1,687,770	)		(705,067	)
Other cost		(2,846	)		(2,670	)		(28,282	)

Total operating costs		(816,353	)		(1,690,440	)		(733,349	)
Selling expenses		(230,438	)		(346,305	)		(230,414	)
General and administrative expenses		(136,921	)		(172,822	)		(136,519	)
Research and development expenses		(49,135	)		(120,478	)		(80,911	)

Total operating costs and expenses		(1,232,847	)		(2,330,045	)		(1,181,193	)

Operating income/(loss)		(12,853	)		(87,163	)		(24,880	)

Other income/(expenses)
Interest income/(expenses)		(1,813	)		(4,092	)		(5,592	)
Unrealized exchange income/(loss)		(421	)		—			—
Investment income/(loss)		137			(1,369	)		568
Others, net		10,153			12,627			17,941

Profit/(loss) before income tax, and share of income /(loss) of equity method investee		(4,797	)		(79,997	)		(11,963	)

Income tax expense		(1,768	)		—			—
Share of income/(loss) of equity method investee		239			2,660			(2,200	)

Net profit/(loss)		(6,326	)		(77,337	)		(14,163	)

Net profit/(loss) attributable to non-controlling interests		—			(51	)		(2,553	)

Net profit/(loss) attributable to Huize Holding Limited		(6,326	)		(77,286	)		(11,610	)

Net profit/(loss)		(6,326	)		(77,337	)		(14,163	)
Foreign currency translation adjustment, net of tax		—			—			—

Comprehensive income/(loss)		(6,326	)		(77,337	)		(14,163	)

Comprehensive income/(loss) attributable to non-controlling interests		—			(51	)		(2,553	)

Comprehensive income/(loss) attributable to Huize Holding Limited		(6,326	)		(77,286	)		(11,610	)

Selected Condensed Consolidated Cash Flows Information


	For the Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Net cash provided by/(used in) operating activities		168,225			(152,844	)		(69,094	)

Cash flows from investing activities:
Purchase of long-term investment		(22,450	)		(22,601	)		(10,000	)
Purchase of property, equipment and intangible assets		(8,162	)		(37,359	)		(16,773	)
Proceeds from disposal of property, equipment and intangible assets		—			961			1,044
Acquisition of subsidiary, net of cash paid		(569	)		(11,805	)		(25,964	)
Payments of inter-company balances		—			(5,050	)		—
Proceeds from disposal of investments		—			890			700
Cash received for disposal of subsidiary		—			—			3,640
Advances to a third party		—			—			(26,000	)
Repayment from a third party		—			—			16,000
Interests received		—			—			876
Others		137			241			237

Net cash provided by/(used in) investing activities		(31,044	)		(74,723	)		(56,240	)

Cash flows from financing activities:
Proceeds from borrowings		105,400			184,000			270,200
Repayments of borrowings		(61,266	)		(40,503	)		(367,524	)
Proceeds from inter-company balances		—			128,000			6,041
Proceeds from exercise of share option		245			247			—
Cash received by subsidiaries from minority shareholders		—			900			2,850

Net cash provided by/(used in) financing activities		44,379			272,644			(88,433	)

Effect of exchange rate changes on cash and cash equivalents		—			—			—

Net increase/(decrease) in cash and cash equivalents and restricted cash		181,560			45,077			(213,767	)
Total cash and cash equivalents and restricted cash at beginning of year		248,369			429,929			475,006

Total cash and cash equivalents and restricted cash at end of year		429,929			475,006			261,239

The

significant portion of the total assets and total liabilities of Huiye Tianze and its subsidiaries approximate the amounts in the Group’s consolidated financial statements.

than 50%

•

revoke the Group’s business and operating licenses;

•

require the Group to discontinue or restrict its operations;

•

restrict the Group’s right to collect revenues;

•

block the Group’s websites;

•

require the Group to restructure its operations,

re-apply

for the necessary licenses or relocate the Group’s businesses, staff and assets;

•

impose additional conditions or requirements with which the Group may not be able to comply; or

•

take other regulatory or enforcement actions against the Group that could be harmful to the Group’s business.

Business combinations and non-controlling interests

non-controlling

interests

non-controlling

interests. The excess of (i) the total costs of acquisition, fair value of the

non-controlling

income/(loss).

When there is a change in ownership interests that result in a loss of control of a subsidiary, the Company deconsolidates the subsidiary from the date control is lost. Any retained

non-controlling

investment in the former subsidiary is measured at fair value and is included in the calculation of the gain or loss upon deconsolidation of the subsidiary.

For the Company’s majority-owned subsidiaries and VIE, a

non-controlling

interests are recorded as

non-controlling

interests in the Company’s consolidated balance sheets. Cash flows related to transactions with

non-controlling

interests are presented under financing activities in the consolidated statements of cash flows.

Use of estimates

(d) Use of estimates

Comprehensive income and foreign currency translation

(e) Comprehensive income and foreign currency translation

period-end

Convenience translation

(f) Convenience translation

Cash and cash equivalents

(g) Cash and cash equivalents

Restricted cash

(h) Restricted cash

classifies

into current and

non-current

Accounts receivable

(i) Accounts receivable

Insurance premium receivables

(j) Insurance premium receivables

Fair value measurement

(k) Fair value measurement

The three levels of inputs that may be used to measure fair value include:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Observable, market-based inputs, other than quoted prices, in active markets for identical assets or liabilities.

Level 3: Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

Recurring

The Group’s financial instruments are not measured at fair value in the consolidated balance sheets, but for which the fair value is estimated for disclosure purpose.

cash-non-current

portion and long-term borrowings approximated their fair values reported in the consolidated balance sheets. Investment accounted for at fair value are measured at fair value.

Non-recurring

The Group measures certain financial assets, including equity securities without readily determinable fair value and investments under equity method, at fair value on a

non-recurring

basis only if an impairment charge were to be recognized. The Group’s

non-financial

assets such as property, equipment, software and licenses, would be measured at fair value only if they were determined to be impaired.

Property, plant and equipment, net

(l) Property, plant and equipment, net


Category	Estimated useful life		Residual value
Office furniture and equipment		5~10 years		0%~5	%
Computer and electronic equipment		3~5 years		0%~5	%
Motor vehicles		4~5 years		5	%
Leasehold improvements		shorter of remaining lease period and estimated useful life		Nil

Intangible assets, net

(m) Intangible assets, net


Category	Estimated useful life		Residual value
Domain name		10 years		0	%
Purchased computer software		3~10 years		0	%

Impairment of long-lived assets and intangible assets

(n) Impairment of long-lived assets and intangible assets

Goodwill

(o) Goodwill

350-20-35,

two-step

Asset acquisition

(p) Asset acquisition

Long-term investments

(q) Long-term investments

(i)

Equity investments accounted for using the equity method

In accordance with ASC 323, “Investment — Equity Method and Joint Ventures”, the Group applies the equity method of accounting to equity investments, in common stock or

in-substance

common stock, over which it has significant influence but does not own a majority equity interests or otherwise control.

An investment in

in-substance

(ii)

Investments accounted for at fair values

(iii)

Equity investments measured at measurement alternative and NAV practical expedient

2016-01.

income/(loss)

equal to the difference between the carrying value and fair value.

Short-term and long-term borrowings

(r) Short-term and long-term borrowings

Insurance premium payables

(s) Insurance premium payables

Lease

(t) Lease

Before January 1, 2020, the Group adopted ASC Topic 840 (“ASC 840”), Leases, and each lease is classified at the inception date as either a capital lease or an operating lease.

The Group adopted ASU

No. 2016-02,

As a lessee, the Group accounts for a modification to a contract as a separate contract (that is, separate from the original contract) when both of the following conditions are present:

a. The modification grants the lessee an additional right of use not included in the original lease.

b. The lease payments increase commensurate with the standalone price for the additional right of use, adjusted for the circumstances of the particular contract.

As a lessee, the Group remeasures the lease payments if any of the following occur:

a. The lease is modified, and that modification is not accounted for as a separate contract.

c. There is a change in any of the following:

•

The lease term, as described. A lessee shall determine the revised lease payments on the basis of the revised lease term.

•

Share-based compensation

(u) Share-based compensation

Employee share-based compensation

re-measured

pro-rated

for the portion of the requisite service period rendered.

Fair value of redeemable preferred shares and common shares

(v) Fair value of redeemable preferred shares and common shares

Redeemable preferred shares

(w) Redeemable preferred shares

Subsequently, the carrying amount is increased by periodic accretion, using the interest method, so that the carrying amount will equal to mandatory redemption amount on the redemption date.

Employee benefit plans

(x) Employee benefit plans

Revenue recognition

(y) Revenue recognition

The Group has adopted ASU

2014-09,

Revenue from Contracts with Customers (Topic 606) and all subsequent ASUs that modified ASC 606 on January 1, 2017.

•

Step 1: Identify the contract (s) with a customer

•

Step 2: Identify the performance obligations in the contract

•

Step 3: Determine the transaction price

•

Step 4: Allocate the transaction price to the performance obligations in the contract

•

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

Insurance brokerage services

Other services

Value added tax

The Group is subject to

value-added-tax

Contract Balance

Cost of revenue

(z) Cost of revenue

Cost of other income mainly consists of payroll for digital and technology development services.

Selling expenses

(aa) Selling expenses

The Group records its marketing campaign expenses and loyalty points as selling expenses.

General and administrative expenses

(bb) General and administrative Expenses

General and administrative expenses also include surcharges on VAT payments according to PRC tax.

Research and development expenses

(cc) Research and development expenses

Others, net

(dd) Others, net

Others, net, mainly consist of

non-operating

income and expenses. During the year ended December 31, 2022, it was composed primarily of RMB12,779 government subsidies and RMB6,702 gain on termination of lease contracts.

Taxation

(ee) Taxation

more-likely-than-not

recognition threshold, the Group initially and subsequently measures the tax benefit as the largest amount that the Group judges to have a greater than

Net profit/(loss) per share

(ff) Net profit /(loss) per share

Basic loss per share is computed by dividing net profit/(loss) attributable to common shareholders by the weighted average number of common shares outstanding during the year using the

two-class

method. Under the

two-class

if-converted

Segment reporting

(gg) Segment reporting

Recent accounting pronouncements

(ii) Recent accounting pronouncements

In June 2016, the FASB issued ASU

2016-13,

available-for-sale

In December 2019, the FASB issued ASU

2019-12,

2019-12

is effective for annual periods beginning on January 1, 2021, with earlier adoption permitted. The Group has adopted the ASU on January 1, 2021. The adoption of ASU

2019-12

did not have a material impact on the Group’s consolidated financial statements.

In January 2020, the FASB issued ASU

2020-1,

2020-01

In August 2020, the FASB issued ASU

2020-06,

“Debt — Debt with Conversion and Other Options (Subtopic

470-20)

and Derivatives and Hedging — Contracts in Entity’s Own Equity

(Subtopic 815-40)”.

Principal Activities and Reorganization (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Principal Subsidaries, Consolidated VIE and Subsidiaries of VIE

As of December 31, 2022 the Company’s principal subsidiaries, consolidated VIE and subsidiaries of VIE are as follows:

Principal Subsidiaries

Date of

Incorporation/

Establishment

Place of

Incorporation/

Establishment

Percentage of

Direct or

Indirect

Economic

Interest

Principal Activities

Smart Choice Ventures Limited (“Smart
Choice”)

January 14, 2015

British Virgin Islands

100

Investment holding

Hong Kong Smart Choice Ventures Limited
(“HK Smart Choice”)

February 18, 2015

Hong Kong

100

Investment holding

Huize Hong Kong Insurance Broker Limited

May 5, 2021

Hong Kong

100

Insurance brokerage service

Zhixuan International Management
Consulting (Shenzhen) Co., Ltd.

June 9, 2015

PRC

100

Investment and
investment consulting
service

VIE

Shenzhen Huiye Tianze Investment Holding
Co., Ltd (“Huiye Tianze”)

October 30, 2014

PRC

100

Investment and
investment

consulting service

VIE’s Principal Subsidiaries

Huize Insurance Brokerage
Co., Ltd. (“Huize Insurance Brokerage”)

October 14, 2011

PRC

100

Insurance brokerage service

Shenzhen Huize Shidai Co., Ltd. (“Huize Shidai”)

April 28, 2012

PRC

100

Technology development
and internet information
consulting service

Hefei Huize Internet Technology Co., Ltd. (“Hefei Huize”)

August 5, 2015

PRC

100

Technology development
and internet information
consulting service

Shenzhen Zhixuan Wealth Investment Management Co., Ltd. (“Zhixuan Investment”)

April 20, 2016

PRC

100

Management consulting,
investment consulting
and financial consulting

Huize (Chengdu) Internet Technology Co., Ltd. (“Chengdu Huize”)

May 11, 2018

PRC

100

Technology development consulting service

Shenzhen Huibang Technology Co., Ltd

August 13, 2020

PRC

100

Technology development consulting service

Shenzhen Xiaoma Insurance Adjustment Co.
Ltd

July 2, 2021

PRC

100

Insurance claims adjustment service

Principal Subsidiaries

Date of

Incorporation/

Establishment

Place of

Incorporation/

Establishment

Percentage of

Direct or

Indirect

Economic

Interest

Principal Activities

Shanghai Huiju Haoshi Information Technology Co., Ltd

October 12, 2021

PRC

Internet information
consulting service

Huize Yiyao (Chengdu) Internet Hospital Co., Ltd.

October 27, 2021

PRC

100

Medical and health
consulting service

Shenzhen Detong Insurance Agency Co., Ltd. (“Shenzhen Detong”, formerly known as Shanghai Senhao Insurance Agency Co., Ltd)

March 12, 2022

PRC

100

Insurance agency
service

Shenzhen Huize Business Management Co., Ltd.

July 5, 2022

PRC

100

Business management
and catering service

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summarized of Financial Information Group's Consolidated Financial Statements

Selected Condensed Consolidated Balance Sheets Information


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Assets
Current assets
Cash and cash equivalent		323,011		205,781
Restricted cash		127,315		55,458
Contract assets, net of allowance for doubtful accounts		—		49,888
Account receivable, net of allowance for impairment		777,055		250,238
Insurance premium receivables		1,217		1,792
Amount due from related parties		—		340
Prepaid expense and other receivables		106,865		96,987

Total current assets		1,335,463		660,484

Non-current assets
Restricted cash		24,680		—
Contract assets, net of allowance for doubtful accounts		—		6,634
Property, Plant and Equipment, net		47,800		38,133
Intangible assets, net		18,979		50,851
Deferred tax assets		605		—
Long-term investments		59,450		66,250
Operating lease right-of-use assets		241,880		162,180
Goodwill		461		461
Other Assets		379		279

Total non-current assets		394,234		324,788

Total assets		1,729,697		985,272


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Liabilities and Shareholders’ Equity
Short-term borrowings		216,710			150,000
Accounts payable		680,183			261,993
Insurance premium payables		124,019			27,567
Contract liabilities		2,681			702
Other payables and accrued expenses		207,461			195,136
Payroll and welfare payable		92,094			39,674
Income taxes payable		2,440			2,440
Operating lease liabilities		12,362			10,075
Amount due to related parties		11,875			495

Total current liabilities		1,349,825			688,082

Non-current liabilities
Long-term borrowings		20,000			—
Deferred tax liabilities		4,455			12,054
Operating lease liabilities		245,396			176,032

Total non-current liabilities		269,851			188,086

Total liabilities		1,619,676			876,168

Shareholders’ equity
Common shares		44,766			44,766
Additional paid-in capital		460,157			470,553
Accumulated deficit		(395,751	)		(407,361	)

Total shareholders’ equity attributable to Huize Holding Limited shareholders		109,172			107,958
Non-controlling interests		849			1,146

Total shareholders’ equity		110,021			109,104

Total liabilities and shareholders’ equity		1,729,697			985,272

Selected Condensed Consolidated Statements of Income/(loss) Information


	For the Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Operating revenue
Brokerage income		1,215,434			2,231,388			1,107,090
Other income		4,560			11,494			49,223

Total operating revenue		1,219,994			2,242,882			1,156,313

Operating costs and expenses
Cost of revenue		(813,507	)		(1,687,770	)		(705,067	)
Other cost		(2,846	)		(2,670	)		(28,282	)

Total operating costs		(816,353	)		(1,690,440	)		(733,349	)
Selling expenses		(230,438	)		(346,305	)		(230,414	)
General and administrative expenses		(136,921	)		(172,822	)		(136,519	)
Research and development expenses		(49,135	)		(120,478	)		(80,911	)

Total operating costs and expenses		(1,232,847	)		(2,330,045	)		(1,181,193	)

Operating income/(loss)		(12,853	)		(87,163	)		(24,880	)

Other income/(expenses)
Interest income/(expenses)		(1,813	)		(4,092	)		(5,592	)
Unrealized exchange income/(loss)		(421	)		—			—
Investment income/(loss)		137			(1,369	)		568
Others, net		10,153			12,627			17,941

Profit/(loss) before income tax, and share of income /(loss) of equity method investee		(4,797	)		(79,997	)		(11,963	)

Income tax expense		(1,768	)		—			—
Share of income/(loss) of equity method investee		239			2,660			(2,200	)

Net profit/(loss)		(6,326	)		(77,337	)		(14,163	)

Net profit/(loss) attributable to non-controlling interests		—			(51	)		(2,553	)

Net profit/(loss) attributable to Huize Holding Limited		(6,326	)		(77,286	)		(11,610	)

Net profit/(loss)		(6,326	)		(77,337	)		(14,163	)
Foreign currency translation adjustment, net of tax		—			—			—

Comprehensive income/(loss)		(6,326	)		(77,337	)		(14,163	)

Comprehensive income/(loss) attributable to non-controlling interests		—			(51	)		(2,553	)

Comprehensive income/(loss) attributable to Huize Holding Limited		(6,326	)		(77,286	)		(11,610	)

Selected Condensed Consolidated Cash Flows Information


	For the Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Net cash provided by/(used in) operating activities		168,225			(152,844	)		(69,094	)

Cash flows from investing activities:
Purchase of long-term investment		(22,450	)		(22,601	)		(10,000	)
Purchase of property, equipment and intangible assets		(8,162	)		(37,359	)		(16,773	)
Proceeds from disposal of property, equipment and intangible assets		—			961			1,044
Acquisition of subsidiary, net of cash paid		(569	)		(11,805	)		(25,964	)
Payments of inter-company balances		—			(5,050	)		—
Proceeds from disposal of investments		—			890			700
Cash received for disposal of subsidiary		—			—			3,640
Advances to a third party		—			—			(26,000	)
Repayment from a third party		—			—			16,000
Interests received		—			—			876
Others		137			241			237

Net cash provided by/(used in) investing activities		(31,044	)		(74,723	)		(56,240	)

Cash flows from financing activities:
Proceeds from borrowings		105,400			184,000			270,200
Repayments of borrowings		(61,266	)		(40,503	)		(367,524	)
Proceeds from inter-company balances		—			128,000			6,041
Proceeds from exercise of share option		245			247			—
Cash received by subsidiaries from minority shareholders		—			900			2,850

Net cash provided by/(used in) financing activities		44,379			272,644			(88,433	)

Effect of exchange rate changes on cash and cash equivalents		—			—			—

Net increase/(decrease) in cash and cash equivalents and restricted cash		181,560			45,077			(213,767	)
Total cash and cash equivalents and restricted cash at beginning of year		248,369			429,929			475,006

Total cash and cash equivalents and restricted cash at end of year		429,929			475,006			261,239

Summary of Estimated Useful Life and Residual Value of Property Plant and Equipment


Category	Estimated useful life		Residual value
Office furniture and equipment		5~10 years		0%~5	%
Computer and electronic equipment		3~5 years		0%~5	%
Motor vehicles		4~5 years		5	%
Leasehold improvements		shorter of remaining lease period and estimated useful life		Nil

Summary of Estimated Useful Life and Residual Value of Intangible Assets


Category	Estimated useful life		Residual value
Domain name		10 years		0	%
Purchased computer software		3~10 years		0	%

Summary of Customer Concentration Risk

Details of the customers accounting for 10% or more of total operating revenue are as follows:


	Year Ended December 31
	2020		%			2021		%			2022		%
	RMB					RMB					RMB
Customer A		32,347		3	%		715,287		32	%		309,781		27	%
Customer K		292,975		24	%		489,862		22	%		140,991		12	%
Customer L		152,296		12	%		191,059		9	%		44,546		4	%
Customer I		157,750		13	%		46,972		2	%		19,552		2	%

		635,368		52	%		1,443,180		65	%		514,870		45	%

Details of the customers which accounted for 10% or more of accounts receivable are as follows:


	As of December, 31
	2021		%			2022		%
	RMB					RMB
Customer K		32,702		4	%		47,941		19	%
Customer M		—		—			37,531		15	%
Customer A		464,289		60	%		32,456		13	%
Customer H		165,688		21	%		19,404		8	%

		662,679		85	%		137,332		55	%

Schedule of Concentration in Monetary as Well as Percentage of Cash and Cash Equivalents

Details of the banks which accounted for 10% or more of cash and cash equivalents and restricted cash are as follows:


	As of December, 31
	2021		%			2022		%
	RMB					RMB
Bank A		294,418		48	%		154,381		41	%
Bank B		144,317		24	%		73,255		19	%
Bank C		46,534		8	%		67,444		18	%
Bank D		61		0	%		40,917		11	%

		485,330		80	%		335,997		89	%

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value Assets Measured on Recurring Basis

As of December 31, 2021

Level 1

Level 2

Level 3

Total

RMB

Investments accounted for at fair value Listed equity securities

840

—

840

As of December 31, 2022

Level 1

Level 2

Level 3

Total

RMB

Investments accounted for at fair value Listed equity securities

808

—

808

Accounts Receivable, Net of Allowance for Doubtful Accounts (Tables)

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Summary of Account Receivables, Net of Allowance for Doubtful Accounts

Accounts receivable, net of allowance for doubtful accounts by the Group consist of the following:


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Accounts receivable		780,431			255,251
Less: allowance for doubtful accounts		(3,169	)		(4,584	)

Accounts receivable, net		777,262			250,667

Summary of Movement of Allowance for Doubtful Accounts

The following table summarizes the movement of the Group’s provision for doubtful accounts:


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Balance at the beginning of the year		1,724		3,169
Provision for doubtful accounts		1,445		1,415

Balance at the end of the year		3,169		4,584

Related Party Balances and Transactions (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Service Provided by or to Related Parties

Details of related party transactions for the years ended December 31, 2020, 2021 and 2022 are as follows:

Service provided by related parties:


	For the year ended December 31
	2020		2021		2022
	RMB		RMB		RMB
Technology service fee to Xiaoke		—		11,609		7,259
PPC advertisement service fee to Xiaoke		—		412		—
Channel cost to Huibao Huipei		—		140		2,054

Total		—		12,161		9,313

Service provided to related parties:


	For the year ended December 31
	2020		2021		2022
	RMB		RMB		RMB
Consulting service fee to Huibao Huipei		—		—		970

Total		—		—		970

Schedule of Related Party Transactions

Details of related party balances as of December 31, 2021 and 2022 are as follows:

Amounts due from related parties:


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Shareholders		128		149
Huibao Huipei		—		340

		128		489

Amounts due to related parties:


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Xiaoke		11,753		495
Others		122		—

		11,875		495

Prepaid Expenses and Other Receivables and Other assets (Tables)

12 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Summary of Prepaid Expenses and Receivables

Prepaid expenses and other receivables and other assets consist of the following, with current portion presented as

repaid expenses and other receivables and

non-current

portion presented as other assets:


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Current portion:
Prepaid input value-added tax		43,817			32,083
VAT refund receivable		200			4,827
Rental and other deposits		14,532			9,609
Advances to suppliers		13,731			10,230
Interest receivables (a)		2,177			2,467
Advances to staff (b)		970			397
Directors and officers liability insurance premium		658			658
Claim advance on behalf of insurer		77			53
Prepayment for share repurchase		—			898
Advances to a third party (c)		—			10,000
Others		1,939			1,596

		78,101			72,818
Less: Allowance for impairment		(590	)		(1,000	)

		77,511			71,818


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Non-current portion:
Prepayment related to investment		200		—
Advances to long-term assets		179		279

		379		279

(a)	This represented accrued interest income on bank deposits.

(b)	This represented advances to staff of the Group for daily business operations which are unsecured, interest-free and repayable on demand.

(c)	The amounts represent advances to a third party which are interest-bearing at a fixed interest rate of 5% per annum.

Property, Plant and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Summary of Property, Plant and Equipment, Net

Property, plant and equipment, net, consist of the following:


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Computer and electronic equipment		31,041			27,439
Leasehold improvements		27,238			28,124
Office furniture and equipment		10,755			10,330
Motor vehicles		2,443			2,448

Total		71,477			68,341
Less: Accumulated depreciation (1)		(23,016	)		(29,823	)

Property, equipment and equipment, net		48,461			38,518

(1)	Depreciation expenses for the years ended December 31, 2020, 2021 and 2022 were RMB4,684, RMB6,474 and RMB17,319, respectively.

Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The intangible assets, net consisted of the following:


	As of
	December 31, 2021			December 31, 2022
	RMB			RMB
Insurance agency license (1)		12,336			45,150
Insurance adjusting license		3,067			3,067
Insurance brokerage license		2,647			2,647
Software and system		5,436			5,695
Domain name		580			580

Total		24,066			57,139
Less: Accumulated amortization (2)		(2,440	)		(3,641	)

Intangible assets, net		21,626			53,498

(1)	During the year ended December 31, 2022, the Group’s disposal of a subsidiary resulted in a decrease of RMB4,519 in insurance agency license, and the Group’s acquisition of a subsidiary resulted in an increase of RMB37,333 in insurance agency license.

(2)	Amortization expenses for the years ended December 31, 2020, 2021 and 2022 were RMB424, RMB950 and RMB1,201, respectively.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The amortization of the coming 5 years is:


	As of
	December 31, 2022
	RMB
2023		984
2024		694
2025		431
2026		130
2027		72

Long-term Investments (Tables)

12 Months Ended

Dec. 31, 2022

Investment Company [Abstract]

Summary of Long Term Investments


	Equity investments measured under measurement alternative			Equity Method			Investment accounted for at fair value			Equity investments measured under NAV practical expedient			Total
	RMB			RMB			RMB			RMB			RMB
Balances at January 1, 2020		14,500			8,895			—			—			23,395
Additions		1,000			21,450			—			—			22,450
Share of earnings/(loss) of an equity investee		—			239			—			—			239
Reclassification		9,195			(9,195	)		—			—			—

Balances at December 31, 2020		24,695			21,389			—			—			46,084

Balances at January 1, 2021		24,695			21,389			—			—			46,084
Additions		12,500			9,900			4,641			6,373			33,414
Share of earnings/(loss) of an equity investee		—			2,660			—			—			2,660
Fair value change		—			—			(1,339	)		(2,885	)		(4,224	)
Realized gain/(loss)		—			—			265			—			265
Exchange adjustments		—			—			203			29			232
Impairment		(1,610	)		—			—			—			(1,610	)
Disposal		(890	)		—			(2,930	)		—			(3,820	)

Balances at December 31, 2021		34,695			33,949			840			3,517			73,001

Balances at January 1, 2022		34,695			33,949			840			3,517			73,001
Additions		—			10,000			—			—			10,000
Share of earnings/(loss) of an equity investee		—			(2,200	)		—			—			(2,200	)
Fair value change		—			—			(109	)		(2,675	)		(2,784	)
Exchange adjustments		—			—			77			211			288
Disposal		(1,000	)		—			—			—			(1,000	)

Balances at December 31, 2022		33,695			41,749			808			1,053			77,305

Short-term Borrowing (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Short-term Borrowing


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Bank borrowings (1)		170,000		130,000
Current portion of long-term borrowings (note 14)		46,710		20,000

		216,710		150,000

(1)

Other Payables and Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Other payable and accrued expenses consist of the following:


	As of
	December 31, 2021		December 31, 2022
	RMB		RMB
Other tax payables		32,006		14,994
Other payable to suppliers		17,365		8,915
Accrued marketing expense -loyalty points		7,414		4,643
Professional fees		7,068		6,211
Advances from the insured		3,211		3,251
Interest payable		655		746
Deposits		625		258
Withholding social security costs and housing benefits		1,152		14,717
Deferred income		—		2,395
Others		1,759		2,121

		71,255		58,251

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Summary of Composition of Income Tax Expense

The current and deferred portions of income tax expense included in the consolidated statements of comprehensive income/(loss) during the years ended December 31, 2020, 2021 and 2022 are as follows:


	For the Year Ended December 31,
	2020			2021		2022
	RMB			RMB		RMB
Current income tax expense		2,234			—		—
Deferred income tax (benefit)/expense		(466	)		—		—

Income tax expense		1,768			—		—

Summary of Reconciliation of Income Tax Expense

Reconciliation between the income tax expense computed by applying the EIT tax rate to income before income taxes and actual provision were as follows:


	For the Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Profit/(Loss) before income tax		(16,524	)		(107,717	)		(33,740	)

Tax expense/(benefit) at EIT tax rate of 25%		(4,131	)		(26,929	)		(8,435	)
Effect of different tax rates applicable to different subsidiaries of the Group		490			(3,195	)		(826	)
Changes in valuation allowance		1,290			37,948			16,154
Income not subject to tax		(34	)		(769	)		(59	)
Expenses not deductible for tax purposes		11,561			2,872			5,608
Research and development tax credit		(7,408	)		(12,627	)		(12,442	)
Effect on deferred tax assets due to change in tax rates		—			2,700			—

Income tax expense		1,768			—			—

Significant Components of Deferred Tax Assets and Deferred Tax Liabilities

The following tables set forth the significant components of the deferred tax assets and deferred tax liabilities:


	December 31, 2021			December 31, 2022
	RMB			RMB
Deferred tax assets
Advertising expenses		1,105			1,569
Net accumulated losses carry forward		67,714			94,697
Depreciation and amortization		271			338
Allowance for doubtful accounts		940			1,505
Accrued expenses		4,171			6,640
Operating lease liab ilitie s		—			45,639
Less: valuation allowance		(73,596	)		(90,049	)

Gross deferred tax asset s		605			60,339
Offse t		—			(60,339	)
Net deferred tax assets		605			—

Deferred tax liabilities
Intangible assets		4,287			12,491
Operating lease right-of-use asset s		—			45,638
Gain on equity method investee		605			605
Variable consideration of renewal incom e		—			14,096

Gross deferred tax liabilities		4,892			72,830
Offset		—			(60,339	)

Net deferred tax liabilities		4,892			12,491

Summary of Movement of Valuation Allowance

Movement of valuation allowance


	For the years Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Balance at the beginning of the year		33,211			34,501			73,596
Additions		7,318			37,961			20,122
Acquisition of subsidiaries		—			1,147			1,529
Reversals		(6,028	)		(13	)		(3,968	)
Expiration		—			—			(166	)
Disposal of subsidiaries		—			—			(1,064	)

Balance at end of the year		34,501			73,596			90,049

Long-term Borrowing (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of the Group's long-term borrowings

The following table summarizes the details of the Group’s long-term borrowings:


	Maturity Date	Principal Amount		Interest Rate Per Annum			As of
Type	Maturity Date	Principal Amount		Interest Rate Per Annum			December 31, 2021			December 31, 2022
							RMB			RMB
Bank loan	May 20, 2022		20,000		4.60	%		20,000			—
Bank loan	May 19, 2023		20,000		4.75	%		20,000			20,000
Bank loan	July 19, 2022		29,400		3.85	%		26,710			—

Total								66,710			20,000

Less: Current portion of long-term borrowings								(46,710	)		(20,000	)

								20,000			—

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69B
-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69E
-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644

+ Details

Redeemable Preferred Shares (Tables)

12 Months Ended

Dec. 31, 2022

Temporary Equity Disclosure [Abstract]

Summary Of Group's Redeemable Preferred Shares Activities

The Group’s redeemable preferred shares activities for the years ended December 31, 2020, 2021 and 2022 are summarized below:


	Series A Shares						Series B Shares						Series B+ Shares						Series B++ Shares
	Number of Shares			Amount (RMB)			Number of Shares			Amount (RMB)			Number of Shares			Amount (RMB)			Number of Shares			Amount (RMB)
Balances as of January 1, 2020		204,022,000			84,072			185,512,580			261,272			43,937,180			81,654			16,574,460			27,629
Redeemable Preferred Shares redemption value accretion		—			788			—			2,634			—			701			—			151
Conversion and re-designation of preferred shares into Class A common shares		(204,022,000	)		(84,860	)		(185,512,580	)		(263,906	)		(43,937,180	)		(82,355	)		(16,574,460	)		(27,780	)

Balances as of December 31, 2020		—			—			—			—			—			—			—			—

Balances as of December 31, 2021		—			—			—			—			—			—			—			—

Balances as of December 31, 2022		—			—			—			—			—			—			—			—

Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Payment Arrangement, Expensed and Capitalized, Amount

Share-based compensation was recognized in operating expenses for the years ended December 31, 2020, 2021 and 2022 as follows:


	For the year Ended December 31,
	2020		2021			2022
	RMB		RMB			RMB
Cost of revenue		410		(387	)		11
Selling expenses		10,642		(475	)		1,041
General and administrative expenses		40,820		(665	)		9,151
Research and development expenses		381		(297	)		208

		52,253		(1,824	)		10,411

Summary of Share Based Compensation Stock Options Activity Outstanding

The following table summarizes information regarding the share options outstanding as of December 31, 2022:


	As of December 31, 2022
	Options number		Weighted average exercise price per option		Weighted average remaining contractual life (years)		Aggregate intrinsic value
			US$				US$
Outstanding		33,824,056		0.1616		7.67		—
Exercisable		24,166,379		0.1640		7.52		—
Expected to vest		9,657,677		0.1556		8.03		—

Summary of Assumptions Used to Determine Fair Value of Share Options Granted

The fair value of the option plan was estimated on the date of each balance sheet date using the binomial option pricing model with the assumptions (or ranges thereof) in the following table:


	Weighted average
	2021			2022
Exercise price (US$)		0.1608			0.1616
Expected forfeiture rate (post-vesting)		10.85	%		5.86	%
Expected volatility		40.57	%		51.70	%
Excepted term (in years)		8.71			7.67
Expected dividend yield		0	%		0	%
Risk-free interest rate		1.4658	%		3.9302	%

Share-based Payment Arrangement, Restricted Stock Unit, Activity

The following table summarized the Company’s restricted shares activities under the Employees Restricted Shares Plan for the years ended December 31, 2020, 2021 and 2022:


	Options to employees			Weighted average grant-date fair value
Non-vested at January 1, 2020		23,809,190			—
Granted		—			—
Vested		(7,000,739	)		—
Forfeited		(3,475,844	)		—

Non-vested at December 31, 2020		13,332,607			—

Non-vested at January 1, 2021		13,332,607			—
Granted		320,000			2.49
Vested		(4,925,510	)		—
Forfeited		(613,553	)		—

Non-vested at December 31, 2021		8,113,544			—

Non-vested at January 1, 2022		8,113,544			—
Granted		—			—
Vested		(4,519,185	)		—
Forfeited		(163,614	)		—

Non-vested at December 31, 2022		3,430,745			—

Global Share Incentive Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Payment Arrangement, Option, Activity

The following table summarized the Company’s activities under the Option Plan for the years ended December 31, 2020, 2021 and 2022:


	Number of options			Weighted average exercise price (US$)
Outstanding at January 1, 2020		19,463,440			0.1607
Granted		—			—
Exercised		(707,396	)		0.1607
Forfeited		(2,601,993	)		0.1607
Outstanding at December 31, 2020		16,154,051			0.1607

Vested and exercisable at December 31, 2020		5,004,126			0.1607

Outstanding at January 1, 2021		16,154,051			0.1607
Granted		21,631,945			0.1609
Exercised		(201,040	)		0.1607
Forfeited		(740,231	)		0.1607
Outstanding at December 31, 2021		36,844,725			0.1608

Vested and exercisable at December 31, 2021		11,884,664			0.1709

Outstanding at January 1, 2022		36,844,725			0.1608
Granted		—			—
Exercised		—			—
Forfeited		(3,020,669	)		0.1515
Outstanding at December 31, 2022		33,824,056			0.1616

Vested and exercisable at December 31, 2022		24,166,379			0.1640

Operating Revenue (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue


	For the Year Ended December 31,
	2020		2021		2022
	RMB		RMB		RMB
Brokerage income
-Life and health insurance business		1,166,118		2,170,767		1,046,469
-Property and casualty insurance business		49,316		61,486		62,183

Brokerage income subtotal		1,215,434		2,232,253		1,108,652

Other income		4,788		12,763		49,256

Total operating revenue		1,220,222		2,245,016		1,157,908

Selling Expense (Tables)

12 Months Ended

Dec. 31, 2022

Selling Expense [Abstract]

Schedule of Selling Expense


	For the Year Ended December 31,
	2020		2021			2022
	RMB		RMB			RMB
Salaries and employment benefits		129,327		222,428			166,588
Advertising and marketing expenses		71,472		97,945			31,026
Rental and utilities expenses		6,961		13,781			15,358
Office expenses		5,877		5,623			4,086
Travelling expenses		1,689		3,734			1,911
Depreciation and amortizations		444		680			1,101
Share-based compensation expenses		10,642		(475	)		1,041
Business development		384		761			827
Others		3,642		6,096			9,726

Total		230,438		350,573			231,664

General and Administrative Expenses (Tables)

12 Months Ended

Dec. 31, 2022

General and Administrative Expense [Abstract]

Summary of General And Administrative Expenses


	For the Year Ended December 31,
	2020		2021			2022
	RMB		RMB			RMB
Salaries and employment benefits		51,457		87,321			59,484
Rental and utilities expenses		2,332		33,486			25,056
Professional service expenses		20,075		31,868			18,858
Depreciation and amortizations		1,875		2,195			11,448
Share-based compensation expenses		40,820		(665	)		9,151
Directors and Officers liability insurance premium		6,127		7,798			7,891
Office expenses		3,811		8,532			6,177
VAT Surcharge		3,845		6,954			3,529
Bank charges		7,849		7,955			3,048
Bad debt expense		1,218		1,445			2,415
Travelling expenses		1,648		1,675			786
Other		9,150		9,055			6,872

Total		150,207		197,619			154,715

Investment income/(loss) (Tables)

12 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Summary of Investment Income


	For the Year Ended December 31,
	2020		2021			2022
	RMB		RMB			RMB
Fair value change of investments accounted for at fair value		—		(1,339	)		(109	)
Fair value change of equity investments measured under NAV practical expedient		—		(2,885	)		(2,675	)
Dividends received from equity investments		137		241			237
Impairment loss related to equity investments measured under measurement alternative		—		(1,610	)		—
Realized gain/(loss) related to the investments accounted for at fair value		—		265			—
Gain on disposal of subsidiary		—		—			331

Total		137		(5,328	)		(2,216	)

Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Summary of Earnings Per Share Basic And Diluted


	For the Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB
Numerator:
Net loss		(18,292	)		(107,717	)		(33,740	)
Less: Net loss attributable to non-controlling interests		—			(51	)		(2,553	)

Net loss attributable to common shares and redeemable preferred shares		(18,292	)		(107,666	)		(31,187	)
Redeemable preferred shares redemption value accretion		(4,274	)		—			—
Allocation to redeemable preferred shareholders		1,074			—			—
Net loss attributable to common shareholders-Basic and diluted		(21,492	)		(107,666	)		(31,187	)

Denominator:
Denominator for basic loss per share weighted-average common shares outstanding		963,817,614			1,021,861,206			1,021,958,881
Dilutive effect of restricted shares		—			—			—
Dilutive effect of share options		—			—			—
Denominator for diluted loss per share weighted-average common shares outstanding		963,817,614			1,021,861,206			1,021,958,881
Basic and diluted loss per share		(0.02	)		(0.11	)		(0.03	)

Lease (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Summary of Supplemental Balance Sheet Information Related to Leases

The following table presents balances reported in the consolidated balance sheets related to the Group’s leases:


	As of December 31, 2021		As of December 31, 2022
	RMB		RMB
Operating lease right-of-use assets		247,819		162,180
Operating lease liabilities		264,069		186,107

Summary of Lease Cost

For

the

years

ended

December

2021

and

2022

, total lease

cost

comprised

the

following


	For the Year Ended December 31,
	2021		2022
	RMB		RMB
Operating lease cost		46,102		39,476
Short term lease cost		385		1,724

Total lease cost		46,487		41,200

Summary of Operating Lease Liabilities

The following table presents the maturity of the Group’s operating lease liabilities as of December 31, 2022:


	As of December 31, 2022
	RMB
2023		19,100
2024		26,084
2025		26,559
2026		28,201
2027		29,755
Thereafter		99,792

Total operating lease payments (undiscounted)		229,491
Less: Imputed interest		(43,384	)

Total operating lease liabilities (discounted)		186,107

Summary of Supplemental Cash Flow Information Related to the Operating Leases

Supplemental cash flow information related to the operating leases was as follow:


	For the Year Ended December 31,
	2021		2022
	RMB		RMB
Cash paid for amounts included in operating lease liabilities		27,360		24,554

Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet

Balance sheet


	As of December 31,
	2021			2022
	RMB			RMB			USD$ Note 2(f)
Assets
Cash and cash equivalent		16,291			5,613			814
Amount due from related parties		106			149			22
Prepaid expense and other receivables		291,666			316,172			45,839
Long-term investments		76,030			44,307			6,424

Total assets		384,093			366,241			53,099

Liabilities and Shareholders’ equity
Other payables and accrued expenses		17,892			17,892			2,594
Contract liabilities		4,555			3,332			483
Payroll and welfare payable		1,582			4,138			600

Total liabilities		24,029			25,362			3,677

Shareholders’ equity
Class A common shares (US$0.00001 par value; 7,000,000,000 shares authorized as of December 31, 2021 and 2022, respectively; 894,456,046 shares issued as of December 31, 2021 and 2022, respectively; 886,166,726 shares and 873,068,986 shares outstanding as of December 31, 2021 and 2022, respectively)		62			62			9
Class B common shares (US$0.00001 par value; 800,000,000 shares authorized as of December 31, 2021 and 2022, respectively; 150,591,207 shares issued and outstanding as of December 31, 2021 and 2022, respectively)		10			10			1
Treasury stock (3,436,860 shares and 16,534,600 shares as of December 31, 2021 and December 31, 2022, respectively)		(9,545	)		(15,306	)		(2,219	)
Additional paid-in capital		896,772			904,935			131,203
Accumulated other comprehensive loss		(27,295	)		(17,695	)		(2,566	)
Accumulated deficit		(499,940	)		(531,127	)		(77,006	)

Total shareholders’ equity		360,064			340,879			49,422

Total liabilities and shareholders’ equity		384,093			366,241			53,099

Condensed Statement of Comprehensive Income

Statement of Comprehensive Income/(Loss)


	Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			USD$ Note 2(f)
Operating revenue
Other income		228			1,269			1,553			225

Total operating revenue		228			1,269			1,553			225

Operating cost and expenses
General and administrative expenses		(4,611	)		(5,994	)		(4,614	)		(670	)

Operating loss		(4,383	)		(4,725	)		(3,061	)		(445	)

Other expense
Interest income		11			4			—			—
Unrealized exchange income		421			—			—			—

Profit/(loss) before income tax, and share of loss of subsidiaries and VIEs		(3,951	)		(4,721	)		(3,061	)		(445	)

Share of income/(loss) of subsidiaries and VIEs		(14,341	)		(102,945	)		(28,126	)		(4,078	)

Net profit/(loss)		(18,292	)		(107,666	)		(31,187	)		(4,523	)

Redeemable preferred shares redemption value accretion		(4,274	)		—			—			—
Allocation to redeemable preferred shares		1,074			—			—			—

Net profit/(loss) attributable to common shareholders		(21,492	)		(107,666	)		(31,187	)		(4,523	)

Net profit/(loss)		(18,292	)		(107,666	)		(31,187	)		(4,523	)
Foreign currency translation adjustment, net of tax		(22,386	)		(5,323	)		9,600			1,392

Total comprehensive income/(loss)		(40,678	)		(112,989	)		(21,587	)		(3,131	)

Condensed Cash Flow Statement

Statement of cash flows


	Year Ended December 31,
	2020			2021			2022
	RMB			RMB			RMB			USD$
Cash flows from operating activities:
Net profit/(loss)		(18,292	)		(107,666	)		(31,187	)		(4,523	)
Adjustments to reconcile net profit/(loss) to net cash used in operating activities:
Unrealized exchange (income)/loss		(421	)		—			—			—
Share of income/(loss) of subsidiaries and VIEs		14,341			102,945			28,126			4,078
Interest income		(11	)		—			—			—

		(4,383	)		(4,721	)		(3,061	)		(445	)

Changes in operating assets and liabilities:
Increase/(decrease) in other payables and accrued expenses		(1,340	)		(4,730	)		—			—
Increase/(decrease) in contract liabilities		—			4,555			(1,223	)		(177	)
(Increase)/decrease in prepaid expense and other receivables		—			21			22,800			3,306
(Increase)/decrease in accounts receivable and contract assets		(216	)		216			—			—
(Increase)/decrease in amount due from related parties		(189	)		83			(43	)		(6	)

Net cash provided by/(used in) operating activities		(6,128	)		(4,576	)		18,473			2,678

Cash flows from investing activities:
Investments in subsidiaries and consolidated VIEs		(245	)		(247	)		—			—
Payments of inter-company balances		(139,123	)		(161,216	)		(23,376	)		(3,389	)

Net cash provided by/(used in) investing activities		(139,368	)		(161,463	)		(23,376	)		(3,389	)

Cash flows from financing activities:
Proceeds from initial public offering, net of issuance costs		340,479			—			—			—
Proceeds from exercise of options		503			497			—			—
Repurchase of Class A common shares		(2,063	)		(3,003	)		(6,659	)		(965	)

Net cash provided by/(used in) financing activities		338,919			(2,506	)		(6,659	)		(965	)

Effect of exchange rate changes on cash and cash equivalents		(6,268	)		(2,381	)		884			128

Net increase/(decrease) in cash and cash equivalents and restricted cash		187,155			(170,926	)		(10,678	)		(1,548	)
Total cash and cash equivalents and restricted cash at beginning of year		62			187,217			16,291			2,362

Total cash and cash equivalents and restricted cash at end of year		187,217			16,291			5,613			814

Principal Activities and Reorganization - Additional Information (Detail) $ / shares in Units, ¥ in Thousands, $ in Millions				1 Months Ended	12 Months Ended
	Mar. 10, 2020 USD ($) $ / shares shares	Feb. 12, 2020 $ / shares shares	Jun. 30, 2019 shares	Feb. 29, 2020 $ / shares shares	Dec. 31, 2020 CNY (¥)	Dec. 31, 2015 shares	Dec. 31, 2014 shares	Dec. 31, 2022
Principal Activities and Reorganization [Line Items]
Percentage of shareholders received shares of company								78.13%
Percentage of shareholders pending registration								21.87%
Shares issued, price per ADR \| $ / shares		$ 10.5
Proceeds from Issuance Initial Public Offering \| ¥					¥ 340,479
IPO [Member]
Principal Activities and Reorganization [Line Items]
Shares issued				5,250,000
American depository receipts, description				20 class A common shares
Shares issued, price per ADR \| $ / shares				$ 10.5
Series A Preferred Stock [Member]
Principal Activities and Reorganization [Line Items]
Shares issued			105,122,000
Series B Preferred Stock [Member]
Principal Activities and Reorganization [Line Items]
Shares issued			185,512,580
Series B+ redeemable preferred shares [Member]
Principal Activities and Reorganization [Line Items]
Shares issued			43,937,180
Series B++ redeemable preferred shares [Member]
Principal Activities and Reorganization [Line Items]
Shares issued			16,574,460
Redeemable Preferred Stock [Member]
Principal Activities and Reorganization [Line Items]
Shares issued						98,900,000	98,900,000
American Depositary Shares [Member] \| IPO [Member]
Principal Activities and Reorganization [Line Items]
Shares issued	5,322,453	5,322,453
Proceeds from Issuance Initial Public Offering \| $	$ 55.9
American Depositary Shares [Member] \| Over-Allotment Option [Member]
Principal Activities and Reorganization [Line Items]
Shares issued	72,453	72,453
Shares issued, price per ADR \| $ / shares	$ 10.5
Common Stock [Member]
Principal Activities and Reorganization [Line Items]
Shares issued			261,072,000			184,200,000	184,200,000

Principal Activities and Reorganization - Summary of Principal Subsidaries, Consolidated VIE and Subsidiaries of VIE (Detail)	12 Months Ended
	Dec. 31, 2022
Subsidiaries [Member] \| Smart Choice Ventures Limited ("Smart Choice") [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Jan. 14, 2015
Place of Incorporation/ Establishment	British Virgin Islands
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Investment holding
Subsidiaries [Member] \| Hong Kong Smart Choice Ventures Limited ("HK Smart Choice") [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Feb. 18, 2015
Place of Incorporation/ Establishment	Hong Kong
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Investment holding
Subsidiaries [Member] \| Zhixuan International Management Consulting (Shenzhen) Co., Ltd. ("Shenzhen Zhixuan") [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Jun. 09, 2015
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Investment andinvestment consultingservice
Subsidiaries [Member] \| Huize Hong Kong Insurance Broker Limited [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	May 05, 2021
Place of Incorporation/ Establishment	Hong Kong
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Insurance brokerage service
Subsidiaries [Member] \| Shanghai Huiju Haoshi Information Technology Co., Ltd [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Oct. 12, 2021
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	80.00%
Principal Activities	Internet informationconsulting service
Subsidiaries [Member] \| Huize Yiyao (Chengdu) Internet Hospital Co., Ltd. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Oct. 27, 2021
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Medical and healthconsulting service
Subsidiaries [Member] \| Shenzhen Detong Insurance Agency Co., Ltd. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Mar. 12, 2022
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Insurance agencyservice
Subsidiaries [Member] \| Shenzhen Huize Business Management Co., Ltd. [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Jul. 05, 2022
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Business managementand catering service
Variable Interest Entity, Primary Beneficiary [Member] \| Shenzhen Huiye Tianze Investment Holding Co., Ltd ("Huiye Tianze") [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Oct. 30, 2014
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Investment andinvestment consulting service
Variable Interest Entity, Not Primary Beneficiary [Member] \| Huize Insurance Brokerage Co., Ltd. (Huize Insurance Brokerage) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Oct. 14, 2011
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Insurance brokerage service
Variable Interest Entity, Not Primary Beneficiary [Member] \| Shenzhen Huize Shidai Co., Ltd. ("Huize Shidai") [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Apr. 28, 2012
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Technology developmentand internet informationconsulting service
Variable Interest Entity, Not Primary Beneficiary [Member] \| Hefei Huize Internet Technology Co., Ltd. ("Hefei Huize") [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Aug. 05, 2015
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Technology developmentand internet informationconsulting service
Variable Interest Entity, Not Primary Beneficiary [Member] \| Shenzhen Zhixuan Wealth Investment Management Co., Ltd. ("Zhixuan Investment") [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Apr. 20, 2016
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Management consulting,investment consultingand financial consulting
Variable Interest Entity, Not Primary Beneficiary [Member] \| Huize (Chengdu) Internet Technology Co., Ltd. ("Chengdu Huize") [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	May 11, 2018
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Technology development consulting service
Variable Interest Entity, Not Primary Beneficiary [Member] \| Shenzhen Huibang Technology Co Ltd [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Aug. 13, 2020
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Technology development consulting service
Variable Interest Entity, Not Primary Beneficiary [Member] \| Shenzhen Xiaoma Insurance Adjustment Co. Ltd
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Jul. 02, 2021
Place of Incorporation/ Establishment	PRC
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Insurance claims adjustment service

Summary of Significant Accounting Policies - Summarized of Financial Information Group's Consolidated Financial Statements (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2019 CNY (¥)
Current assets
Cash and cash equivalent	$ 40,186		¥ 381,158		¥ 277,168
Restricted cash	14,342		183,408		98,917
Contract assets, net of allowance for doubtful accounts	7,233		0		49,888
Account receivable, net of allowance for impairment	36,342		777,262		250,667
Insurance premium receivables	260		1,217		1,792
Amount due from related parties	71		128		489
Prepaid expense and other receivables	10,413		77,511		71,818
Total current assets	108,847		1,420,684		750,739
Non-current assets
Restricted cash	0		44,418		0
Contract assets, net of allowance for doubtful accounts	962		0		6,634
Property, Plant and Equipment, net	5,585		48,461		38,518
Intangible assets, net	7,756		21,626		53,498
Deferred tax assets	0		605		0
Long-term investments	11,208		73,001	¥ 46,084	77,305	¥ 23,395
Operating lease right-of-use assets	23,514		247,819		162,180
Goodwill	67		461		461
Other Assets	40		379		279
Total non-current assets	49,132		436,770		338,875
Total assets	157,979		1,857,454		1,089,614
Current liabilities
Short-term borrowings	21,748		216,710		150,000
Accounts payable	38,025		680,369		262,266
Insurance premium payables	3,997		124,019		27,567
Contract liabilities	585		7,236		4,034
Other payables and accrued expenses	8,446		71,255		58,251
Payroll and welfare payable	6,370		93,451		43,938
Income taxes payable	354		2,440		2,440
Operating lease liabilities	1,461		14,886		10,075
Amount due to related parties	72		11,875		495
Total current liabilities	81,058		1,222,241		559,066
Non-current liabilities
Long-term borrowings	0		20,000		0
Deferred tax liabilities	1,811		4,892		12,491
Operating lease liabilities	25,522		249,183		176,032
Total non-current liabilities	27,333		274,300		188,523
Total liabilities	108,391		1,496,541		747,589
Shareholders' equity
Additional paid-in capital	131,203		896,772		904,935
Accumulated deficit	(77,006)		(499,940)		(531,127)
Total shareholders' equity attributable to Huize Holding Limited shareholders	49,422		360,064		340,879
Non-controlling interests	166		849		1,146
Total shareholders' equity	49,588		360,913	468,683	342,025	¥ (308,653)
Total liabilities and shareholders' equity	157,979		1,857,454		1,089,614
Operating revenue
Brokerage income	160,739	¥ 1,108,652	2,232,253	1,215,434
Other income	7,141	49,256	12,763	4,788
Total operating revenue	167,880	1,157,908	2,245,016	1,220,222
Operating costs and expenses
Cost of revenue	(102,361)	(706,009)	(1,688,087)	(813,507)
Other cost	(4,101)	(28,282)	(2,670)	(2,846)
Total operating costs	(106,462)	(734,291)	(1,690,757)	(816,353)
Selling expenses	(33,588)	(231,664)	(350,573)	(230,438)
General and administrative expenses	(22,432)	(154,715)	(197,619)	(150,207)
Research and development expenses	(11,731)	(80,911)	(120,478)	(49,135)
Total operating costs and expenses	(174,213)	(1,201,581)	(2,359,427)	(1,246,133)
Operating income/(loss)	(6,333)	(43,673)	(114,411)	(25,911)
Other income/(expenses)
Interest income/(expenses)	(734)	(5,062)	(3,206)	(1,157)
Unrealized exchange income/(loss)	(11)	(79)	(59)	(9)
Investment income/(loss)	(321)	(2,216)	(5,328)	137
Others, net	2,826	19,490	12,627	10,177
Profit before income tax, and share of (loss)/income of equity method investee	(4,573)	(31,540)	(110,377)	(16,763)
Income tax expense	0	0	0	(1,768)
Share of (loss)/income of equity method investee	(319)	(2,200)	2,660	239
Net profit/(loss)	(4,892)	(33,740)	(107,717)	(18,292)
Net profit/(loss) attributable to non-controlling interests	(370)	(2,553)	(51)	0
Net profit/(loss) attributable to Huize Holding Limited	(4,522)	(31,187)	(107,666)	(18,292)
Net profit/(loss)	(4,892)	(33,740)	(107,717)	(18,292)
Foreign currency translation adjustment, net of tax	1,392	9,600	(5,323)	(22,386)
Comprehensive income/(loss)	(3,500)	(24,140)	(113,040)	(40,678)
Comprehensive income/(loss) attributable to non-controlling interests	(370)	(2,553)	(51)	0
Comprehensive income/(loss) attributable to Huize Holding Limited	(3,130)	(21,587)	(112,989)	(40,678)
Net cash provided by/(used in) operating activities	(12,332)	(85,067)	(175,917)	137,666
Cash flows from investing activities:
Purchase of long-term investment	(1,450)	(10,000)	(33,614)	(22,450)
Purchase of property, equipment and intangible assets	(2,439)	(16,823)	(38,061)	(8,196)
Proceeds from disposal of property, equipment and intangible assets	152	1,048	980
Acquisition of subsidiary, net of cash paid	(3,764)	(25,964)	(14,292)	(569)
Proceeds from disposal of investments	101	700	3,820
Cash received for disposal of subsidiary	528	3,640
Interests received	127	876
Others	34	237	241	137
Net cash provided by/(used in) investing activities	(8,161)	(56,286)	(80,926)	(31,078)
Cash flows from financing activities:
Proceeds from borrowings	39,175	270,200	184,000	105,400
Repayments of borrowings	(53,286)	(367,524)	(40,503)	(61,266)
Proceeds from exercise of share option	0	0	497	503
Cash received by subsidiaries from minority shareholders			900
Net cash provided by/(used in) financing activities	(14,663)	(101,133)	141,891	383,053
Effect of exchange rate changes on cash and cash equivalents	1,390	9,587	(5,012)	(10,020)
Net increase/(decrease) in cash and cash equivalents and restricted cash	(33,766)	(232,899)	(119,964)	479,621
Total cash and cash equivalents and restricted cash at beginning of year	88,294	608,984	728,948	249,327
Total cash and cash equivalents and restricted cash at end of year	54,528	376,085	608,984	728,948
Huiye Tianze and Its Subsidiaries [Member]
Other income/(expenses)
Share of (loss)/income of equity method investee		(2,200)	2,660	239
Subsidiaries [Member]
Cash flows from financing activities:
Cash received by subsidiaries from minority shareholders	$ 413	2,850
Huiye Tianze and Its Subsidiaries [Member]
Current assets
Cash and cash equivalent			323,011		205,781
Restricted cash			127,315		55,458
Contract assets, net of allowance for doubtful accounts					49,888
Account receivable, net of allowance for impairment			777,055		250,238
Insurance premium receivables			1,217		1,792
Amount due from related parties					340
Prepaid expense and other receivables			106,865		96,987
Total current assets			1,335,463		660,484
Non-current assets
Restricted cash			24,680		0
Contract assets, net of allowance for doubtful accounts					6,634
Property, Plant and Equipment, net			47,800		38,133
Intangible assets, net			18,979		50,851
Deferred tax assets			605		0
Long-term investments			59,450		66,250
Operating lease right-of-use assets			241,880		162,180
Goodwill			461		461
Other Assets			379		279
Total non-current assets			394,234		324,788
Total assets			1,729,697		985,272
Current liabilities
Short-term borrowings			216,710		150,000
Accounts payable			680,183		261,993
Insurance premium payables			124,019		27,567
Contract liabilities			2,681		702
Other payables and accrued expenses			207,461		195,136
Payroll and welfare payable			92,094		39,674
Income taxes payable			2,440		2,440
Operating lease liabilities			12,362		10,075
Amount due to related parties			11,875		495
Total current liabilities			1,349,825		688,082
Non-current liabilities
Long-term borrowings			20,000		0
Deferred tax liabilities			4,455		12,054
Operating lease liabilities			245,396		176,032
Total non-current liabilities			269,851		188,086
Total liabilities			1,619,676		876,168
Shareholders' equity
Common shares			44,766		44,766
Additional paid-in capital			460,157		470,553
Accumulated deficit			(395,751)		(407,361)
Total shareholders' equity attributable to Huize Holding Limited shareholders			109,172		107,958
Non-controlling interests			849		1,146
Total shareholders' equity			110,021		109,104
Total liabilities and shareholders' equity			1,729,697		¥ 985,272
Operating revenue
Brokerage income		1,107,090	2,231,388	1,215,434
Other income		49,223	11,494	4,560
Total operating revenue		1,156,313	2,242,882	1,219,994
Operating costs and expenses
Cost of revenue		(705,067)	(1,687,770)	(813,507)
Other cost		(28,282)	(2,670)	(2,846)
Total operating costs		(733,349)	(1,690,440)	(816,353)
Selling expenses		(230,414)	(346,305)	(230,438)
General and administrative expenses		(136,519)	(172,822)	(136,921)
Research and development expenses		(80,911)	(120,478)	(49,135)
Total operating costs and expenses		(1,181,193)	(2,330,045)	(1,232,847)
Operating income/(loss)		(24,880)	(87,163)	(12,853)
Other income/(expenses)
Interest income/(expenses)		(5,592)	(4,092)	(1,813)
Unrealized exchange income/(loss)		0	0	(421)
Investment income/(loss)		568	(1,369)	137
Others, net		17,941	12,627	10,153
Profit before income tax, and share of (loss)/income of equity method investee		(11,963)	(79,997)	(4,797)
Income tax expense		0	0	(1,768)
Net profit/(loss)		(14,163)	(77,337)	(6,326)
Net profit/(loss) attributable to non-controlling interests		(2,553)	(51)	0
Net profit/(loss) attributable to Huize Holding Limited		(11,610)	(77,286)	(6,326)
Net profit/(loss)		(14,163)	(77,337)	(6,326)
Foreign currency translation adjustment, net of tax		0	0	0
Comprehensive income/(loss)		(14,163)	(77,337)	(6,326)
Comprehensive income/(loss) attributable to non-controlling interests		(2,553)	(51)	0
Comprehensive income/(loss) attributable to Huize Holding Limited		(11,610)	(77,286)	(6,326)
Net cash provided by/(used in) operating activities		(69,094)	(152,844)	168,225
Cash flows from investing activities:
Purchase of long-term investment		(10,000)	(22,601)	(22,450)
Purchase of property, equipment and intangible assets		(16,773)	(37,359)	(8,162)
Proceeds from disposal of property, equipment and intangible assets		1,044	961	0
Acquisition of subsidiary, net of cash paid		(25,964)	(11,805)	(569)
Payments of inter-company balances		0	(5,050)	0
Proceeds from disposal of investments		700	890	0
Cash received for disposal of subsidiary		3,640
Advances to a third party		(26,000)
Repayment from a third party		16,000
Interests received		876
Others		237	241	137
Net cash provided by/(used in) investing activities		(56,240)	(74,723)	(31,044)
Cash flows from financing activities:
Proceeds from borrowings		270,200	184,000	105,400
Repayments of borrowings		(367,524)	(40,503)	(61,266)
Proceeds from inter-company balances		6,041	128,000	0
Proceeds from exercise of share option		0	247	245
Net cash provided by/(used in) financing activities		(88,433)	272,644	44,379
Effect of exchange rate changes on cash and cash equivalents		0	0	0
Net increase/(decrease) in cash and cash equivalents and restricted cash		(213,767)	45,077	181,560
Total cash and cash equivalents and restricted cash at beginning of year		475,006	429,929	248,369
Total cash and cash equivalents and restricted cash at end of year		261,239	475,006	429,929
Huiye Tianze and Its Subsidiaries [Member] \| Subsidiaries [Member]
Cash flows from financing activities:
Cash received by subsidiaries from minority shareholders		¥ 2,850	¥ 900	¥ 0

Summary of Significant Accounting Policies - Summary of Estimated Useful Life and Residual Value of Property Plant and Equipment (Detail)	12 Months Ended
	Dec. 31, 2022
Office furniture and equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Residual value	0.00%
Office furniture and equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Residual value	5.00%
Computer and electronic equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Residual value	0.00%
Computer and electronic equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Residual value	5.00%
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Residual value	5.00%
Motor vehicles [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	4 years
Motor vehicles [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	shorter of remaining lease period and estimated useful life
Residual value	0.00%

Summary of Significant Accounting Policies - Summary of Estimated Useful Life and Residual Value of Intangible Assets (Detail)	12 Months Ended
	Dec. 31, 2022
Domain name [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	10 years
Residual value	0.00%
Purchased computer software [Member]
Finite-Lived Intangible Assets [Line Items]
Residual value	0.00%
Purchased computer software [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	3 years
Purchased computer software [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	10 years

Summary of Significant Accounting Policies - Summary of Customer Concentration Risk (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 CNY (¥)
Concentration Risk [Line Items]
Operating revenues	$ 167,880	¥ 1,157,908	¥ 2,245,016	¥ 1,220,222
Accounts receivable	$ 36,342		777,262		¥ 250,667
Customer A [Member]
Concentration Risk [Line Items]
Operating revenues		¥ 309,781	715,287	¥ 32,347
Accounts receivable			¥ 464,289		32,456
Customer A [Member] \| Operating revenue [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	27.00%	27.00%	32.00%	3.00%
Customer A [Member] \| Accounts receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	13.00%	13.00%	60.00%
Customer K [Member]
Concentration Risk [Line Items]
Operating revenues		¥ 140,991	¥ 489,862	¥ 292,975
Accounts receivable			¥ 32,702		47,941
Customer K [Member] \| Operating revenue [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	12.00%	12.00%	22.00%	24.00%
Customer K [Member] \| Accounts receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	19.00%	19.00%	4.00%
Customer L [Member]
Concentration Risk [Line Items]
Operating revenues		¥ 44,546	¥ 191,059	¥ 152,296
Customer L [Member] \| Operating revenue [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	4.00%	4.00%	9.00%	12.00%
Customer H [Member]
Concentration Risk [Line Items]
Accounts receivable			¥ 165,688		19,404
Customer H [Member] \| Accounts receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	8.00%	8.00%	21.00%
Customer I [Member]
Concentration Risk [Line Items]
Operating revenues		¥ 19,552	¥ 46,972	¥ 157,750
Customer I [Member] \| Operating revenue [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	2.00%	2.00%	2.00%	13.00%
Customer M [Member]
Concentration Risk [Line Items]
Accounts receivable					37,531
Customer M [Member] \| Accounts receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	15.00%	15.00%
Customers [Member] \| Operating revenue [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Operating revenues		¥ 514,870	¥ 1,443,180	¥ 635,368
Concentration risk, percentage	45.00%	45.00%	65.00%	52.00%
Customers [Member] \| Accounts receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Accounts receivable			¥ 662,679		¥ 137,332
Concentration risk, percentage	55.00%	55.00%	85.00%

Summary of Significant Accounting Policies - Schedule of Concentration in Monetary as Well as Percentage of Cash and Cash Equivalents (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Disclosure in Tabular of Concentration in Monetary as Well as Percentage of Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 54,528	$ 88,294	¥ 376,085	¥ 608,984	¥ 728,948	¥ 249,327
Bank A [Member] \| Cash and Cash Equivalents and Restricted Cash and Cash Equivalents [Member] \| Concentration Risk by Bank [Member]
Disclosure in Tabular of Concentration in Monetary as Well as Percentage of Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents			154,381	294,418
Concentration Risk, Percentage	41.00%	48.00%
Bank B [Member] \| Cash and Cash Equivalents and Restricted Cash and Cash Equivalents [Member] \| Concentration Risk by Bank [Member]
Disclosure in Tabular of Concentration in Monetary as Well as Percentage of Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents			73,255	144,317
Concentration Risk, Percentage	19.00%	24.00%
Bank C [Member] \| Cash and Cash Equivalents and Restricted Cash and Cash Equivalents [Member] \| Concentration Risk by Bank [Member]
Disclosure in Tabular of Concentration in Monetary as Well as Percentage of Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents			67,444	46,534
Concentration Risk, Percentage	18.00%	8.00%
Bank D [Member] \| Cash and Cash Equivalents and Restricted Cash and Cash Equivalents [Member] \| Concentration Risk by Bank [Member]
Disclosure in Tabular of Concentration in Monetary as Well as Percentage of Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents			40,917	61
Concentration Risk, Percentage	11.00%	0.00%
Banks [Member] \| Cash and Cash Equivalents and Restricted Cash and Cash Equivalents [Member] \| Concentration Risk by Bank [Member]
Disclosure in Tabular of Concentration in Monetary as Well as Percentage of Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents			¥ 335,997	¥ 485,330
Concentration Risk, Percentage	89.00%	80.00%

Summary of Significant Accounting Policies - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2019 CNY (¥)
Accounting policies [line items]
Foreign exchange convenience rate	6.8972				6.8972
Unremitted insurance premiums	$ 4,433				¥ 30,578		¥ 126,715
Restricted cash balance	3,607				24,880		25,280
Pledged deposits	6,302				43,459		75,831
Impairment loss		¥ 0	¥ 0	¥ 0
Share-based compensation expense	$ 1,184	¥ 8,163	¥ 11,355	35,880
Valued added tax percentage	6.00%	6.00%
Cash and cash equivalents and restricted cash	$ 54,528			728,948	¥ 376,085	$ 88,294	608,984	¥ 249,327
Cash equivalents due within three months	three months	three months
Gain on government subsidies		¥ 12,779
Gain on termination of lease contracts		6,702
Service Condition [Member]
Accounting policies [line items]
Share-based compensation expense		¥ 16,390
Board of Directors Chairman [Member] \| Huiye Tianze and Its Subsidiaries [Member]
Accounting policies [line items]
Voting rights percentage	50.00%				50.00%
Currency risk [Member]
Accounting policies [line items]
Cash and cash equivalents and restricted cash				¥ 429,970	¥ 261,891		¥ 481,589

Fair Value measurement - Summary of Fair Value Assets Measured on Recurring Basis (Detail) - Listed Equity Securities [Member] - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Investments accounted for at fair value
Investments, Fair Value	¥ 808	¥ 840
Fair Value, Inputs, Level 1 [Member]
Investments accounted for at fair value
Investments, Fair Value	808	840
Fair Value, Inputs, Level 2 [Member]
Investments accounted for at fair value
Investments, Fair Value	0	0
Fair Value, Inputs, Level 3 [Member]
Investments accounted for at fair value
Investments, Fair Value	¥ 0	¥ 0

Accounts Receivable, Net of Allowance for Doubtful Accounts - Summary of Account Receivables, Net of Allowance for Doubtful Accounts (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Receivables [Abstract]
Accounts receivable		¥ 255,251	¥ 780,431
Less: allowance for doubtful accounts		(4,584)	(3,169)	¥ (1,724)
Accounts receivable, net	$ 36,342	¥ 250,667	¥ 777,262

Accounts Receivable, Net of Allowance for Doubtful Accounts - Summary of Movement of Allowance for Doubtful Accounts (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Balance at the beginning of the year	¥ 3,169	¥ 1,724
Provision for doubtful accounts	1,415	1,445
Balance at the end of the year	¥ 4,584	¥ 3,169

Related Party Balances and Transactions - Schedule of Service Provided by or to Related Parties (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Service provided by related parties	¥ 9,313	¥ 12,161
Service provided to related parties	970
Technology service fee [Member] \| Xiaoke [Member]
Related Party Transaction [Line Items]
Service provided by related parties	7,259	11,609
PPC advertisement service fee [Member] \| Xiaoke [Member]
Related Party Transaction [Line Items]
Service provided by related parties		412
Channel cost [Member] \| Huibao Huipei [Member]
Related Party Transaction [Line Items]
Service provided by related parties	2,054	140
Consulting service fee [Member] \| Huibao Huipei [Member]
Related Party Transaction [Line Items]
Service provided to related parties	¥ 970

- Definition

Direct costs arising from transactions with related parties who are not affiliates or joint Ventures. These costs are categorized as cost of goods sold.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.13-02(a)(4)(iv))
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+ Details

- Definition

Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.5-03.1(e))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

Related Party Balances and Transactions - Schedule of Related Party Transactions (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Due from related parties	¥ 489	¥ 128
Due to related parties	495	11,875
Shareholders [Member]
Related Party Transaction [Line Items]
Due from related parties	149	128
Huibao Huipei [Member]
Related Party Transaction [Line Items]
Due from related parties	340
Xiaoke [Member]
Related Party Transaction [Line Items]
Due to related parties	¥ 495	11,753
Other [Member]
Related Party Transaction [Line Items]
Due to related parties		¥ 122

- Definition

For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
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+ Details

- Definition

Carrying amount as of the balance sheet date of obligations due all related parties.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

+ Details

Prepaid Expenses and Other Receivables and Other assets - Summary of Prepaid Expenses and Receivables (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Current portion:
Prepaid input value-added tax		¥ 32,083	¥ 43,817
VAT refund receivable		4,827	200
Rental and other deposits		9,609	14,532
Advances to suppliers		10,230	13,731
Interest receivables		2,467	2,177
Advances to staff		397	970
Directors and officers liability insurance premium		658	658
Claim advance on behalf of insurer		53	77
Prepayment for share repurchase		898
Advances to a third party		10,000
Others		1,596	1,939
Prepaid Expense And Other Assets Before Impairment		72,818	78,101
Less: Allowance for impairment		(1,000)	(590)
Total prepaid expenses and other receivables	$ 10,413	71,818	77,511
Non-current portion:
Prepayment related to investment			200
Advances to long-term assets		279	179
Total		¥ 279	¥ 379

Prepaid Expenses and Other Receivables and Other assets - Summary of Prepaid Expenses and Receivables (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Interest-bearing at a fixed interest rate	5.00%

Property, Plant and Equipment, net - Summary of Property, Plant and Equipment, Net (Detail)
¥ in Thousands, $ in Thousands

Dec. 31, 2022

USD ($)

Dec. 31, 2022

CNY (¥)

Dec. 31, 2021

CNY (¥)

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

¥ 68,341

¥ 71,477

Less: Accumulated depreciation

^[1]

(29,823)

(23,016)

Property, equipment and equipment, net

$ 5,585

38,518

48,461

Computer and electronic equipment [Member]

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

27,439

31,041

Leaseholds improvements [Member]

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

28,124

27,238

Office furniture and equipment [Member]

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

10,330

10,755

Motor vehicles [Member]

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

¥ 2,448

¥ 2,443

[1]	Depreciation expenses for the years ended December 31, 2020, 2021 and 2022 were RMB4,684, RMB6,474 and RMB17,319, respectively.

Property, Plant and Equipment, net - Summary of Property, Plant and Equipment, Net (Parenthetical) (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation	¥ 17,319	¥ 6,474	¥ 4,684

Property, Plant and Equipment, net - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Impairment for property, plant and equipment	¥ 0	¥ 0	¥ 0

Intangible Assets, Net - Schedule of Finite-Lived Intangible Assets (Detail) - CNY (¥)
¥ in Thousands

Dec. 31, 2022

Dec. 31, 2021

Finite-Lived Intangible Assets [Line Items]

Intangible assets, gross

¥ 57,139

¥ 24,066

Less: Accumulated amortization

^[1]

(3,641)

(2,440)

Intangible assets, net

53,498

21,626

Insurance agency license [Member]

Finite-Lived Intangible Assets [Line Items]

Intangible assets, gross

^[2]

45,150

12,336

Insurance adjusting license [Member]

Finite-Lived Intangible Assets [Line Items]

Intangible assets, gross

3,067

Insurance brokerage license [Member]

Finite-Lived Intangible Assets [Line Items]

Intangible assets, gross

2,647

Software and system [Member]

Finite-Lived Intangible Assets [Line Items]

Intangible assets, gross

5,695

5,436

Domain name [Member]

Finite-Lived Intangible Assets [Line Items]

Intangible assets, gross

¥ 580

[1]	Amortization expenses for the years ended December 31, 2020, 2021 and 2022 were RMB424, RMB950 and RMB1,201, respectively.
[2]	During the year ended December 31, 2022, the Group’s disposal of a subsidiary resulted in a decrease of RMB4,519 in insurance agency license, and the Group’s acquisition of a subsidiary resulted in an increase of RMB37,333 in insurance agency license.

Intangible Assets, Net - Schedule of Finite-Lived Intangible Assets (Parenthetical) (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization expenses	¥ 1,201	¥ 950	¥ 424
Insurance agency licence [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Period Increase (Decrease)	37,333
Insurance agency licence [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Period Increase (Decrease)	¥ 4,519

Intangible Assets, Net - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment for intangible assets	¥ 0	¥ 0	¥ 0

Intangible Assets, Net - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail) ¥ in Thousands	Dec. 31, 2022 CNY (¥)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	¥ 984
2024	694
2025	431
2026	130
2027	¥ 72

Long-term Investments - Summary of Long Term Investments (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Summary of Investment Holdings [Line Items]
Beginning balance		¥ 73,001	¥ 46,084	¥ 23,395
Additions		10,000	33,414	22,450
Share of earnings/(loss) of an equity investee	$ (319)	(2,200)	2,660	239
Reclassification
Fair value change		(2,784)	(4,224)
Realized gain/(loss)			265
Exchange adjustments		288	232
Impairment			(1,610)
Disposal		(1,000)	(3,820)
Ending balance	$ 11,208	77,305	73,001	46,084
Equity investments measured under measurement alternative [Member]
Summary of Investment Holdings [Line Items]
Beginning balance		34,695	24,695	14,500
Additions			12,500	1,000
Share of earnings/(loss) of an equity investee
Reclassification				9,195
Fair value change
Realized gain/(loss)
Exchange adjustments
Impairment			(1,610)
Disposal		(1,000)	(890)
Ending balance		33,695	34,695	24,695
Equity Method [Member]
Summary of Investment Holdings [Line Items]
Beginning balance		33,949	21,389	8,895
Additions		10,000	9,900	21,450
Share of earnings/(loss) of an equity investee		(2,200)	2,660	239
Reclassification				(9,195)
Fair value change
Realized gain/(loss)
Exchange adjustments
Impairment
Disposal
Ending balance		41,749	33,949	21,389
Investment Accounted For At Fair Value [Member]
Summary of Investment Holdings [Line Items]
Beginning balance		840
Additions			4,641
Share of earnings/(loss) of an equity investee
Reclassification
Fair value change		(109)	(1,339)
Realized gain/(loss)			265
Exchange adjustments		77	203
Impairment
Disposal			(2,930)
Ending balance		808	840
Equity Investments Measured Under NAV Practical Expedient [Member]
Summary of Investment Holdings [Line Items]
Beginning balance		3,517
Additions			6,373
Share of earnings/(loss) of an equity investee
Reclassification
Fair value change		(2,675)	(2,885)
Realized gain/(loss)
Exchange adjustments		211	29
Impairment
Disposal
Ending balance		¥ 1,053	¥ 3,517

Long-term Investments - Additional Information (Detail) - CNY (¥) ¥ in Thousands		1 Months Ended		12 Months Ended
	Jun. 01, 2021	May 31, 2021	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary of Investment Holdings [Line Items]
Investments accounted for under equity method				¥ 41,749	¥ 33,949	¥ 21,389
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount					¥ 1,610
Investment accounted for at fair value						¥ 0
Nanjing Qiqian Alpha Equity Investment LLP [Member]
Summary of Investment Holdings [Line Items]
Equity interest in a private entity						49.26%
Shanghai Dewu Chuxing Investment Management Partnership [Member]
Summary of Investment Holdings [Line Items]
Equity interest in a private entity					47.62%
Huibao Huipei [Member]
Summary of Investment Holdings [Line Items]
Equity interest in a private entity						49.00%
Nayuki [Member]
Summary of Investment Holdings [Line Items]
Payments to Acquire Investments	¥ 1,976
Xiaoke [Member]
Summary of Investment Holdings [Line Items]
Payments to acquire equity interest in a private entity					¥ 5,000
CCBT LANIAKEA CAPITAL FUND I L.P [Member]
Summary of Investment Holdings [Line Items]
Fair Value Of Investment Income (Loss)		¥ 265
Payments to Acquire Investments					2,665
Common Stock [Member] \| Nayuki [Member]
Summary of Investment Holdings [Line Items]
Fair Value Of Investment Income (Loss)				(109)	(1,339)
Private Equity Funds [Member] \| Right Time SPC [Member]
Summary of Investment Holdings [Line Items]
Fair Value Of Investment Income (Loss)				(2,675)	(2,885)
Payments to acquire equity securities, FV-NI			¥ 6,373
Nanjing Qiqian Alpha Equity Investment LLP [Member]
Summary of Investment Holdings [Line Items]
Payments to acquire equity interest in a private entity						¥ 19,000
Shanghai Dewu Chuxing Investment Management Partnership [Member]
Summary of Investment Holdings [Line Items]
Payments to acquire equity interest in a private entity				¥ 10,000	¥ 4,900
Huibao Huipei [Member]
Summary of Investment Holdings [Line Items]
Payments to acquire equity interest in a private entity						¥ 2,450

Short-term Borrowing - Summary of Short-term Borrowing (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Short-term Debt [Line Items]
Bank borrowings	¥ 130,000	¥ 170,000
Current portion of long-term borrowings	20,000	46,710
Short-term borrowing	¥ 150,000	¥ 216,710

Short-term Borrowing - Summary of Short-term Borrowing (Parenthetical) (Detail)	Dec. 31, 2022	Dec. 31, 2021
Minimum [Member]
Short-term Debt [Line Items]
Percentage of interest of short term borrowing	4.60%	4.30%
Maximum [Member]
Short-term Debt [Line Items]
Percentage of interest of short term borrowing	5.00%	5.00%

Other Payables and Accrued Expenses (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current portion:
Other tax payables	¥ 14,994	¥ 32,006
Other payable to suppliers	8,915	17,365
Accrued marketing expense -loyalty points	4,643	7,414
Professional fees	6,211	7,068
Advances from the insured	3,251	3,211
Interest payable	746	655
Deposits	258	625
Withholding social security costs and housing benefits	14,717	1,152
Deferred Income	2,395
Others	2,121	1,759
Total current portion	¥ 58,251	¥ 71,255

Employee Benefits - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Employee benefits, total contributions	¥ 54,641	¥ 64,238	¥ 18,924

- Definition

Amount of contribution received by defined benefit plan from employer which increases plan assets.

+ References + Details

Income Taxes - Additional Information (Detail) - CNY (¥) ¥ in Thousands				12 Months Ended
	Oct. 09, 2021	Nov. 02, 2018	Nov. 02, 2015	Dec. 31, 2022	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2021
Tax rate on taxable income		15.00%		15.00%
HNTE, reduced tax rate			15.00%
Withholding income tax rate							10.00%
Withholding income tax rate, Foreign invested enterprise						5.00%
Withholding income tax rate, ownership threshold				25.00%
Net operating loss carryforwards				¥ 94,697	¥ 31,218			¥ 67,714
Net operating loss carryforwards, valuation allowance				94,092	30,613			67,109
Net operating loss carryforwards, expected to be utilized				¥ 605	¥ 605			605
Net operating loss carryforwards, carry over period				5 years	10 years
Net operating loss carryforwards, expiration term				2024 to 2031
Accrued withholding tax on undistributed earnings of domestic subsidiaries				¥ 0
Increase in unrecognized tax benefits is reasonably possible				¥ 2,440				¥ 2,440
Chengdu Huize [Member]
Tax rate on taxable income	15.00%
Inland Revenue, Hong Kong [Member]
Tax rate on taxable income				16.50%
State Administration of Taxation, China [Member]
Tax rate on taxable income				25.00%
Peoples Replublic Of China Tax Authority [Member] \| Minimum [Member]
Number of years open to income tax examination				5 years
Peoples Replublic Of China Tax Authority [Member] \| Maximum [Member]
Number of years open to income tax examination				10 years

Income Taxes - Summary of Composition of Income Tax Expense (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Current income tax expense		¥ 0	¥ 0	¥ 2,234
Deferred income tax (benefit)/expense		0	0	(466)
Income tax expense	$ 0	¥ 0	¥ 0	¥ 1,768

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Summary of Reconciliation of Income Tax Expense (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Profit/(Loss) before income tax		¥ (33,740)	¥ (107,717)	¥ (16,524)
Tax expense/(benefit) at EIT tax rate of 25%		(8,435)	(26,929)	(4,131)
Effect of different tax rates applicable to different subsidiaries of the Group		(826)	(3,195)	490
Changes in valuation allowance		16,154	37,948	1,290
Income not subject to tax		(59)	(769)	(34)
Expenses not deductible for tax purposes		5,608	2,872	11,561
Research and development tax credit		(12,442)	(12,627)	(7,408)
Effect on deferred tax assets due to change in tax rates			2,700
Income tax expense	$ 0	¥ 0	¥ 0	¥ 1,768

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 30
-Subparagraph (b)
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-Name Accounting Standards Codification
-Topic 280
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
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-Subparagraph (SX 210.9-05(b)(2))
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-Subparagraph (SX 210.9-04(15))
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+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Significant Components of Deferred Tax Assets and Deferred Tax Liabilities (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets
Advertising expenses	¥ 1,569	¥ 1,105
Net accumulated losses-carry forward	94,697	67,714
Depreciation and amortization	338	271
Allowance for doubtful accounts	1,505	940
Accrued expenses	6,640	4,171
Operating lease liabilities	45,639
Less: valuation allowance	(90,049)	(73,596)	¥ (34,501)	¥ (33,211)
Gross deferred tax assets	60,339	605
Offset	(60,339)
Net deferred tax assets	0	605
Deferred tax liabilities
Intangible assets	12,491	4,287
Operating lease right-of-use assets	45,638
Gain on equity method investee	605	605
Variable consideration of renewal income	14,096
Gross deferred tax liabilities	72,830	4,892
Offset	(60,339)
Net deferred tax liabilities	¥ 12,491	¥ 4,892

Income Taxes - Summary of Movement of Valuation Allowance (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Balance at the beginning of the year	¥ 73,596	¥ 34,501	¥ 33,211
Additions	20,122	37,961	7,318
Acquisition of subsidiaries	1,529	1,147	0
Reversals	(3,968)	(13)	(6,028)
Expiration	(166)
Disposal of subsidiaries	(1,064)
Balance at end of the year	¥ 90,049	¥ 73,596	¥ 34,501

Long-term Borrowing - Summary of long-term borrowings (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Debt Instrument [Line Items]
Bank loan		¥ 20,000	¥ 66,710
Less: Current portion of long-term borrowings		(20,000)	(46,710)
Long-term borrowings	$ 0	0	20,000
Bank Loan Due May 20, 2022 [Member]
Debt Instrument [Line Items]
Bank loan			20,000
Maturity Date	May 20, 2022
Principal Amount		¥ 20,000
Interest Rate Per Annum	4.60%	4.60%
Bank Loan Due May 19, 2023 [Member]
Debt Instrument [Line Items]
Bank loan		¥ 20,000	20,000
Maturity Date	May 19, 2023
Principal Amount		¥ 20,000
Interest Rate Per Annum	4.75%	4.75%
Bank Loan Due July 19, 2022 [Member]
Debt Instrument [Line Items]
Bank loan			¥ 26,710
Maturity Date	Jul. 19, 2022
Principal Amount		¥ 29,400
Interest Rate Per Annum	3.85%	3.85%

Long-term Borrowing - Additional Information (Detail)	12 Months Ended
Long-term Borrowing - Additional Information (Detail)	Dec. 31, 2022
Description of debt instruments maturity date of pledged assets	As of December 31, 2021 and 2022, the loan with maturity date of July 19, 2022 was pledged by the deposits of HK Smart Choice and the credit of Huize Insurance Brokerage.
Deposits of HK Smart Choice And Credit of Huize Insurance Brokerage \| Loan Maturity on July 19, 2022
Debt instrument maturity date	Jul. 19, 2022

Common Shares - Additional Information (Detail) $ / shares in Units, ¥ in Thousands, $ in Thousands				1 Months Ended	12 Months Ended
	Mar. 10, 2020 $ / shares shares	Feb. 12, 2020 $ / shares shares	Jun. 30, 2019 shares	Feb. 29, 2020 $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2020 shares	Dec. 31, 2015 shares	Dec. 31, 2014 shares	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2021 $ / shares	Apr. 30, 2020 USD ($)	Dec. 31, 2019 $ / shares shares
Subsidiary, Sale of Stock [Line Items]
Common shares, authorized													4,549,953,780
Common shares, par value \| $ / shares													$ 0.00001
Common shares, shares issued													483,310,373
Common shares, shares outstanding													483,310,373
Shares issued, price per ADR \| $ / shares		$ 10.5
Treasury stock, value					$ 2,219	¥ 9,545				¥ 15,306
Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during the period			261,072,000					184,200,000	184,200,000
Shares, outstanding					0	0	0			0			483,310,373
Number of stock shares repurchased					16,534,600	3,436,860
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during the period				5,250,000
Shares issued, price per ADR \| $ / shares				$ 10.5
Common Class A [Member]
Subsidiary, Sale of Stock [Line Items]
Common shares, authorized					7,000,000,000	7,000,000,000				7,000,000,000
Common shares, par value \| $ / shares					$ 0.00001						$ 0.00001
Common shares, shares issued					894,456,046	894,456,046				894,456,046
Common shares, shares outstanding					873,068,986	886,166,726				873,068,986
Stock issued during the period		106,449,060					105,000,000
Common stock voting rights per share					one vote
Common Class A [Member] \| Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Shares, outstanding					889,603,586	889,603,586	889,402,546			889,603,586
Common Class B [Member]
Subsidiary, Sale of Stock [Line Items]
Common shares, authorized					800,000,000	800,000,000				800,000,000
Common shares, par value \| $ / shares					$ 0.00001						$ 0.00001
Common shares, shares issued					150,591,207	150,591,207				150,591,207
Common shares, shares outstanding					150,591,207	150,591,207				150,591,207
Common stock voting rights per share					15 votes
Common Class B [Member] \| Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Shares, outstanding					150,591,207	150,591,207	150,591,207			150,591,207
Common Class B [Member] \| Huidz Holding Limited [Member]
Subsidiary, Sale of Stock [Line Items]
Shares, outstanding		150,591,207
Common Class B [Member] \| Cunjun Ma [Member]
Subsidiary, Sale of Stock [Line Items]
Shares, outstanding		150,591,207
Variable interest entity of ownership percentage		76.40%
American Depositary Shares [Member]
Subsidiary, Sale of Stock [Line Items]
Share repurchase program authorized amount \| $												$ 10,000
Number of stock shares repurchased					826,730	171,843
American Depositary Shares [Member] \| Over-Allotment Option [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during the period	72,453	72,453
Shares issued, price per ADR \| $ / shares	$ 10.5
American Depositary Shares [Member] \| IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during the period	5,322,453	5,322,453

Redeemable Preferred Shares and Convertible Bond - Summary Of Group's Redeemable Preferred Shares Activities (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Conversion and Re-Designation of Preferred Shares Into Class A Common Shares			¥ 458,901
Series A Preferred Stock [Member]
Balances as of January 1			¥ 84,072
Balances as of January 1, Shares			204,022,000
Redeemable Preferred Shares redemption value accretion			¥ 788
Conversion and Re-Designation of Preferred Shares Into Class A Common Shares			¥ (84,860)
Conversion and Re-Designation of Preferred Shares Into Class A common Shares, Shares			(204,022,000)
Balances as of December 31
Balances as of December 31, Shares
Series B Preferred Stock [Member]
Balances as of January 1			¥ 261,272
Balances as of January 1, Shares			185,512,580
Redeemable Preferred Shares redemption value accretion			¥ 2,634
Conversion and Re-Designation of Preferred Shares Into Class A Common Shares			¥ (263,906)
Conversion and Re-Designation of Preferred Shares Into Class A common Shares, Shares			(185,512,580)
Balances as of December 31
Balances as of December 31, Shares
Series B+ redeemable preferred shares [Member]
Balances as of January 1			¥ 81,654
Balances as of January 1, Shares			43,937,180
Redeemable Preferred Shares redemption value accretion			¥ 701
Conversion and Re-Designation of Preferred Shares Into Class A Common Shares			¥ (82,355)
Conversion and Re-Designation of Preferred Shares Into Class A common Shares, Shares			(43,937,180)
Balances as of December 31
Balances as of December 31, Shares
Series B++ redeemable preferred shares [Member]
Balances as of January 1			¥ 27,629
Balances as of January 1, Shares			16,574,460
Redeemable Preferred Shares redemption value accretion			¥ 151
Conversion and Re-Designation of Preferred Shares Into Class A Common Shares			¥ (27,780)
Conversion and Re-Designation of Preferred Shares Into Class A common Shares, Shares			(16,574,460)
Balances as of December 31
Balances as of December 31, Shares

- Definition

Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References + Details

Redeemable Preferred Shares and Convertible Bond - Additional Information (Detail) - CNY (¥)	1 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2022	Dec. 31, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jul. 31, 2016	Mar. 31, 2016
Series A Preferred Stock [Member]
Redeemable Preferred Shares issued	204,022,000					204,022,000
Redeemable Preferred Shares issued, value	¥ 39,404,003					¥ 84,072,000
Redeemable Preferred Shares Converted	87,935,500
Redeemable Preferred Shares, annual rate of return		10.00%
Series B+ redeemable preferred shares [Member]
Redeemable Preferred Shares issued						43,937,180	43,937,180
Redeemable Preferred Shares issued, value						¥ 81,654,000	¥ 62,500,000
Redeemable Preferred Shares, annual rate of return		8.00%
Series B++ redeemable preferred shares [Member]
Redeemable Preferred Shares issued						16,574,460
Redeemable Preferred Shares issued, value						¥ 27,629,000
Redeemable Preferred Shares on conversion of convertible bond			16,574,460
Convertible bond, principal amount			¥ 24,520,000
Convertible bond, interest			¥ 907,000
Redeemable Preferred Shares, annual rate of return		10.00%
Series B redeemable preferred shares [Member]
Redeemable Preferred Shares issued								185,512,580
Redeemable Preferred Shares issued, value								¥ 200,000,000
Redeemable Preferred Shares, annual rate of return		8.00%

Share-based Compensation - Share-based Payment Arrangement, Expensed and Capitalized, Amount (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	¥ 10,411	¥ (1,824)	¥ 52,253
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	11	(387)	410
Selling expenses
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	1,041	(475)	10,642
General and administrative expenses
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	9,151	(665)	40,820
Research and development expenses
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	¥ 208	¥ (297)	¥ 381

Share-based Compensation - Share-based Payment Arrangement, Option, Activity (Detail) - Share-based Payment Arrangement, Option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Outstanding	33,824,056
Weighted average exercise price, Outstanding	$ 0.1616
Global Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Outstanding	36,844,725	16,154,051	19,463,440
Number of options, Granted	0	21,631,945
Number of options, Exercised		(201,040)	(707,396)
Number of options, Forfeited	(3,020,669)	(740,231)	(2,601,993)
Number of options, Outstanding	33,824,056	36,844,725	16,154,051
Number of options, Vested and exercisable	24,166,379	11,884,664	5,004,126
Weighted average exercise price, Outstanding	$ 0.1608	$ 0.1607	$ 0.1607
Weighted average exercise price, Granted		0.1609
Weighted average exercise price, Exercised		0.1607	0.1607
Weighted average exercise price, Forfeited	0.1515	0.1607	0.1607
Weighted average exercise price, Outstanding	0.1616	0.1608	0.1607
Weighted average exercise price, Vested and exercisable	$ 0.164	$ 0.1709	$ 0.1607

Share-based Compensation - Summary of Share Based Compensation Stock Options Activity Outstanding (Detail) - Share-based Payment Arrangement, Option [Member] $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Schedule Of Share Based Compensation Stock Options Activity Outstanding [Line Items]
Options number, Outstanding \| shares	33,824,056
Options number, Exercisable \| shares	24,166,379
Options number, Expected to vest \| shares	9,657,677
Weighted average exercise price, Outstanding \| $ / shares	$ 0.1616
Weighted average exercise price, Exercisable \| $ / shares	0.164
Weighted average exercise price, Expected to vest \| $ / shares	$ 0.1556
Weighted average remaining contractual life, Outstanding	7 years 8 months 1 day
Weighted average remaining contractual life, Exercisable	7 years 6 months 7 days
Weighted average remaining contractual life, Expected to vest	8 years 10 days
Aggregate intrinsic value, Outstanding \| $	$ 0
Aggregate intrinsic value, Exercisable \| $	0
Aggregate intrinsic value, Expected to vest \| $	$ 0

Share-based Compensation - Summary of Assumptions Used to Determine Fair Value of Share Options Granted (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Exercise price (US$)	$ 0.1616	$ 0.1608
Expected forfeiture rate (post-vesting)	5.86%	10.85%
Expected volatility	51.70%	40.57%
Excepted term (in years)	7 years 8 months 1 day	8 years 8 months 15 days
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	3.9302%	1.4658%

Share-based Compensation - Share-based Payment Arrangement, Restricted Stock Unit, Activity (Detail) - Restricted Stock [Member] - ¥ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options to Employees, Non-vested Beginning Balance	8,113,544	13,332,607	23,809,190
Options to Employees, Granted		320,000
Options to Employees, Vested	(4,519,185)	(4,925,510)	(7,000,739)
Options to Employees, Forfeited	(163,614)	(613,553)	(3,475,844)
Options to Employees, Non-vested Ending Balance	3,430,745	8,113,544	13,332,607
Weighted Average Grant-Date Fair Value, Granted		¥ 2.49

Share-based Compensation - Additional Information (Detail) ¥ / shares in Units, ¥ in Thousands		1 Months Ended	12 Months Ended
	Jun. 30, 2019 CNY (¥) ¥ / shares shares	Mar. 31, 2021 shares	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2022 CNY (¥) $ / shares ¥ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2021 CNY (¥) $ / shares ¥ / shares shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares	Dec. 31, 2019 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based awards granted, vesting period			4 years
Share-based compensation expenses \| ¥			¥ 10,411		¥ (1,824)		¥ 52,253
Previously Reported [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based awards granted, vesting period			2 years 3 months
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share options outstanding			33,824,056	33,824,056
Share-based Payment Arrangement, Option [Member] \| Global Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Granted			0		21,631,945
Share options outstanding			33,824,056	33,824,056	36,844,725	36,844,725	16,154,051	19,463,440
Weighted average fair value of the options \| $ / shares				$ 0.0192		$ 0.0127
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Shares Granted			3,430,745	3,430,745	8,113,544	8,113,544	13,332,607	23,809,190
Share-based compensation expenses \| ¥			¥ 8,163		¥ 11,355		¥ 35,880
Unrecognized Share Based Compensation \| ¥			¥ 770	$ 770	¥ 11,883	$ 11,883
Weighted Average Grant-Date Fair Value, Non-vested \| ¥ / shares			¥ 0	$ 0	¥ 2.49	$ 2.49	¥ 0
Share Based Compensation, Other Than Share Options Granted					320,000
Restricted Stock [Member] \| MR Cunjun Ma [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Shares Granted	14,229,183
Share-based compensation expenses \| ¥	¥ 59,778
Weighted Average Grant-Date Fair Value, Non-vested \| ¥ / shares	¥ 4.2
Restricted Stock [Member] \| Employee Restricted Shares Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Shares Granted							23,809,190
Share Based Compensation, Other Than Share Options Granted		320,000

Operating Revenue - Disaggregation of Revenue (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Brokerage income
Brokerage income subtotal	$ 160,739	¥ 1,108,652	¥ 2,232,253	¥ 1,215,434
Other income	7,141	49,256	12,763	4,788
Total operating revenue	$ 167,880	1,157,908	2,245,016	1,220,222
Life and health insurance business
Brokerage income
Brokerage income subtotal		1,046,469	2,170,767	1,166,118
Property and casualty insurance business
Brokerage income
Brokerage income subtotal		¥ 62,183	¥ 61,486	¥ 49,316

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Selling Expense - Schedule of Selling Expense (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Selling Expense [Abstract]
Salaries and employment benefits		¥ 166,588	¥ 222,428	¥ 129,327
Advertising and marketing expenses		31,026	97,945	71,472
Rental and utilities expenses		15,358	13,781	6,961
Office expenses		4,086	5,623	5,877
Travelling expenses		1,911	3,734	1,689
Depreciation and amortizations		1,101	680	444
Share-based compensation expenses		1,041	(475)	10,642
Business development		827	761	384
Others		9,726	6,096	3,642
Total	$ 33,588	¥ 231,664	¥ 350,573	¥ 230,438

General and Administrative Expenses - Summary of General And Administrative Expenses (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
General and Administrative Expense [Abstract]
Salaries and employment benefits		¥ 59,484	¥ 87,321	¥ 51,457
Rental and utilities expenses		25,056	33,486	2,332
Professional service expenses		18,858	31,868	20,075
Depreciation and amortizations		11,448	2,195	1,875
Share-based compensation expenses		9,151	(665)	40,820
Directors and Officers liability insurance premium		7,891	7,798	6,127
Office expenses		6,177	8,532	3,811
VAT Surcharge		3,529	6,954	3,845
Bank charges		3,048	7,955	7,849
Bad debt expense	$ 350	2,415	1,445	1,218
Travelling expenses		786	1,675	1,648
Other		6,872	9,055	9,150
Total	$ 22,432	¥ 154,715	¥ 197,619	¥ 150,207

Investment income/(loss) - Summary of Investment Income (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Net Investment Income [Line Items]
Fair value change		¥ (2,784)	¥ (4,224)
Dividends received from equity investments		237	241	¥ 137
Impairment loss related to equity investments measured under measurement alternative			(1,610)
Realized gain/(loss) related to the investments accounted for at fair value			265
Gain on disposal of subsidiary	$ 48	331
Total	$ (321)	(2,216)	(5,328)	¥ 137
Equity investments [Member]
Net Investment Income [Line Items]
Fair value change		(2,675)	(2,885)
Investments accounted for at fair value [Member]
Net Investment Income [Line Items]
Fair value change		¥ (109)	(1,339)
Realized gain/(loss) related to the investments accounted for at fair value			¥ 265

Net Loss Per Share (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2020 CNY (¥) ¥ / shares shares
Numerator:
Net loss	$ (4,892)	¥ (33,740)	¥ (107,717)	¥ (18,292)
Less: Net loss attributable to non-controlling interests	(370)	(2,553)	(51)	0
Net loss attributable to common shares and redeemable preferred shares	(4,522)	(31,187)	(107,666)	(18,292)
Redeemable preferred shares redemption value accretion	0	0	0	(4,274)
Allocation to redeemable preferred shareholders	0	0	0	1,074
Net loss attributable to common shareholders-Basic and diluted	$ (4,522)	¥ (31,187)	¥ (107,666)	¥ (21,492)
Denominator:
Denominator for basic loss per share weighted-average common shares outstanding	1,021,958,881	1,021,958,881	1,021,861,206	963,817,614
Denominator for diluted loss per share weighted-average common shares outstanding	1,021,958,881	1,021,958,881	1,021,861,206	963,817,614
Basic loss per share \| (per share)	$ 0	¥ (0.03)	¥ (0.11)	¥ (0.02)
Diluted loss per share \| (per share)	$ 0	¥ (0.03)	¥ (0.11)	¥ (0.02)

Net Loss Per Share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Stock [Member]
Antidiluted securities	11,273,390	4,054,623	1,789,534
Stock Option [Member]
Antidiluted securities	20,246,077	0	4,114,655

Lease - Summary of Supplemental Balance Sheet Information Related to Leases (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Leases [Abstract]
Operating lease right-of-use assets	$ 23,514	¥ 162,180	¥ 247,819
Operating lease liabilities		¥ 186,107	¥ 264,069

Lease - Summary of Lease Cost (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Lease, Cost [Abstract]
Operating lease cost	¥ 39,476	¥ 46,102
Short term lease cost	1,724	385
Total lease cost	¥ 41,200	¥ 46,487

Lease - Summary of Operating Lease Liabilities (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2023	¥ 19,100
2024	26,084
2025	26,559
2026	28,201
2027	29,755
Thereafter	99,792
Total operating lease payments (undiscounted)	229,491
Less: Imputed interest	(43,384)
Total operating lease liabilities (discounted)	¥ 186,107	¥ 264,069

Lease - Summary of Supplemental Cash Flow Information Related to the Operating Leases (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Supplemental Cash Flow Information Related To Leases [Abstract]
Cash paid for amounts included in operating lease liabilities	¥ 24,554	¥ 27,360

Lease - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2020 CNY (¥)
Leases [Abstract]
Operating lease rental expense			¥ 6,941
Gain on termination of right-of-use assets	$ 1,046	¥ 7,215

Commitments and Contingencies - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Capital commitments	¥ 11,000	¥ 55,546

Restricted Net Asset - Additional Information (Detail) - CHINA ¥ in Thousands	12 Months Ended
	Dec. 31, 2022 CNY (¥)
Restricted Assets Net [Line Items]
Percentage of statutory general reserve after tax income	10.00%
Percentage of general reserve threshold to equity	50.00%
Restricted net assets	¥ 262,124

Parent Company Only Condensed Financial Information - Summary of Condensed Balance sheet (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2019 CNY (¥)
Assets [Abstract]
Cash and cash equivalent	$ 40,186	¥ 277,168	¥ 381,158
Amount due from related parties		489	128
Prepaid expense and other receivables	10,413	71,818	77,511
Long-term investments	11,208	77,305	73,001	¥ 46,084	¥ 23,395
Total assets	157,979	1,089,614	1,857,454
Liabilities and Shareholders' equity
Other payables and accrued expenses	8,446	58,251	71,255
Contract liabilities		258	625
Payroll and welfare payable	0	0	225
Total liabilities	108,391	747,589	1,496,541
Shareholders' equity
Treasury stock (3,436,860 shares and 16,534,600 shares as of December 31, 2021 and December 31, 2022, respectively)	(2,219)	(15,306)	(9,545)
Additional paid-in capital	131,203	904,935	896,772
Accumulated other comprehensive loss	(2,566)	(17,695)	(27,295)
Accumulated deficit	(77,006)	(531,127)	(499,940)
Total shareholders' equity attributable to Huize Holding Limited shareholders	49,422	340,879	360,064
Total liabilities and shareholders' (deficit)/equity	157,979	1,089,614	1,857,454
Common Class A [Member]
Shareholders' equity
Common Stock Value	9	62	62
Common Class B [Member]
Shareholders' equity
Common Stock Value	1	10	10
Parent Company [Member]
Assets [Abstract]
Cash and cash equivalent	814	5,613	16,291
Amount due from related parties	22	149	106
Prepaid expense and other receivables	45,839	316,172	291,666
Long-term investments	6,424	44,307	76,030
Total assets	53,099	366,241	384,093
Liabilities and Shareholders' equity
Other payables and accrued expenses	2,594	17,892	17,892
Contract liabilities	483	3,332	4,555
Payroll and welfare payable	600	4,138	1,582
Total liabilities	3,677	25,362	24,029
Shareholders' equity
Treasury stock (3,436,860 shares and 16,534,600 shares as of December 31, 2021 and December 31, 2022, respectively)	(2,219)	(15,306)	(9,545)
Additional paid-in capital	131,203	904,935	896,772
Accumulated other comprehensive loss	(2,566)	(17,695)	(27,295)
Accumulated deficit	(77,006)	(531,127)	(499,940)
Total shareholders' equity attributable to Huize Holding Limited shareholders	49,422	340,879	360,064
Total liabilities and shareholders' (deficit)/equity	53,099	366,241	384,093
Parent Company [Member] \| Common Class A [Member]
Shareholders' equity
Common Stock Value	9	62	62
Parent Company [Member] \| Common Class B [Member]
Shareholders' equity
Common Stock Value	$ 1	¥ 10	¥ 10

Parent Company Only Condensed Financial Information - Summary of Condensed Balance sheet (Parenthetical) (Detail) - $ / shares	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2019
Schedule Of Condensed Balance Sheet [Line Items]
Common shares per share			$ 0.00001
Common shares, authorized			4,549,953,780
Common shares, shares issued			483,310,373
Common shares, shares outstanding			483,310,373
Treasury Stock, Shares	16,534,600	3,436,860
Common Class A [Member]
Schedule Of Condensed Balance Sheet [Line Items]
Common shares per share	$ 0.00001	$ 0.00001
Common shares, authorized	7,000,000,000	7,000,000,000
Common shares, shares issued	894,456,046	894,456,046
Common shares, shares outstanding	873,068,986	886,166,726
Common Class B [Member]
Schedule Of Condensed Balance Sheet [Line Items]
Common shares per share	$ 0.00001	$ 0.00001
Common shares, authorized	800,000,000	800,000,000
Common shares, shares issued	150,591,207	150,591,207
Common shares, shares outstanding	150,591,207	150,591,207
Parent Company [Member]
Schedule Of Condensed Balance Sheet [Line Items]
Treasury Stock, Shares	16,534,600	3,436,860
Parent Company [Member] \| Common Class A [Member]
Schedule Of Condensed Balance Sheet [Line Items]
Common shares per share	$ 0.00001	$ 0.00001
Common shares, authorized	7,000,000,000	7,000,000,000
Common shares, shares issued	894,456,046	894,456,046
Common shares, shares outstanding	873,068,986	886,166,726
Parent Company [Member] \| Common Class B [Member]
Schedule Of Condensed Balance Sheet [Line Items]
Common shares per share	$ 0.00001	$ 0.00001
Common shares, authorized	800,000,000	800,000,000
Common shares, shares issued	150,591,207	150,591,207
Common shares, shares outstanding	150,591,207	150,591,207

Parent Company Only Condensed Financial Information - Summary of Comprehensive Income/(Loss) (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Condensed Statement Of Comprehensive Income [Line Items]
Other income	$ 7,141	¥ 49,256	¥ 12,763	¥ 4,788
Total operating revenue	167,880	1,157,908	2,245,016	1,220,222
General and administrative expenses	22,432	154,715	197,619	150,207
Operating Loss	(6,333)	(43,673)	(114,411)	(25,911)
Other expense
Unrealized exchange income	(11)	(79)	(59)	(9)
Profit/(loss) before income tax, and share of loss of subsidiaries and VIEs	(4,573)	(31,540)	(110,377)	(16,763)
Share of income/(loss) of subsidiaries and VIEs	(319)	(2,200)	2,660	239
Net profit/(loss)	(4,522)	(31,187)	(107,666)	(18,292)
Redeemable preferred shares redemption value accretion	0	0	0	4,274
Net profit/(loss) attributable to common shareholders	(4,522)	(31,187)	(107,666)	(21,492)
Net profit/(loss)	(4,522)	(31,187)	(107,666)	(18,292)
Foreign currency translation adjustment, net of tax	1,392	9,600	(5,323)	(22,386)
Total comprehensive income/(loss)	(3,130)	(21,587)	(112,989)	(40,678)
Parent Company [Member]
Condensed Statement Of Comprehensive Income [Line Items]
Other income	225	1,553	1,269	228
Total operating revenue	225	1,553	1,269	228
General and administrative expenses	(670)	(4,614)	(5,994)	(4,611)
Operating Loss	(445)	(3,061)	(4,725)	(4,383)
Other expense
Interest income			4	11
Unrealized exchange income				421
Profit/(loss) before income tax, and share of loss of subsidiaries and VIEs	(445)	(3,061)	(4,721)	(3,951)
Share of income/(loss) of subsidiaries and VIEs	(4,078)	(28,126)	(102,945)	(14,341)
Net profit/(loss)	(4,523)	(31,187)	(107,666)	(18,292)
Redeemable preferred shares redemption value accretion				(4,274)
Allocation to redeemable preferred shares				1,074
Net profit/(loss) attributable to common shareholders	(4,523)	(31,187)	(107,666)	(21,492)
Net profit/(loss)	(4,523)	(31,187)	(107,666)	(18,292)
Foreign currency translation adjustment, net of tax	1,392	9,600	(5,323)	(22,386)
Total comprehensive income/(loss)	$ (3,131)	¥ (21,587)	¥ (112,989)	¥ (40,678)

Parent Company Only Condensed Financial Information - Condensed Cash Flow Statement (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Cash flows from operating activities:
Net profit/(loss)	$ (4,522)	¥ (31,187)	¥ (107,666)	¥ (18,292)
Adjustments to reconcile net profit/(loss) to net cash used in operating activities:
Unrealized exchange (income)/loss	11	79	59	9
Share of income/(loss) of subsidiaries and VIEs	319	2,200	(2,660)	(239)
Increase/(decrease) in other payables and accrued expenses	(1,907)	(13,155)	29,860	2,577
Increase/(decrease) in contract liabilities	(464)	(3,202)	7,236
(Increase)/decrease in prepaid expense and other receivables	(3,304)	(22,786)	40,020	30,755
Net cash provided by/(used in) operating activities	(12,332)	(85,067)	(175,917)	137,666
Cash flows from investing activities:
Investments in subsidiaries and consolidated VIEs	1,450	10,000	33,614	22,450
Net cash provided by/(used in) investing activities	(8,161)	(56,286)	(80,926)	(31,078)
Cash flows from financing activities:
Proceeds from initial public offering, net of issuance costs				340,479
Proceeds from exercise of options	0	0	497	503
Repurchase of Class A common shares	965	6,659	3,003	2,063
Net cash provided by/(used in) financing activities	(14,663)	(101,133)	141,891	383,053
Effect of exchange rate changes on cash and cash equivalents	1,390	9,587	(5,012)	(10,020)
Net increase/(decrease) in cash and cash equivalents and restricted cash	(33,766)	(232,899)	(119,964)	479,621
Total cash and cash equivalents and restricted cash at beginning of year	88,294	608,984	728,948	249,327
Total cash and cash equivalents and restricted cash at end of year	54,528	376,085	608,984	728,948
Parent Company [Member]
Cash flows from operating activities:
Net profit/(loss)	(4,523)	(31,187)	(107,666)	(18,292)
Adjustments to reconcile net profit/(loss) to net cash used in operating activities:
Unrealized exchange (income)/loss				(421)
Share of income/(loss) of subsidiaries and VIEs	4,078	28,126	102,945	14,341
Interest income				(11)
Changes in operating assets and liabilities:	(445)	(3,061)	(4,721)	(4,383)
Increase/(decrease) in other payables and accrued expenses	0		(4,730)	(1,340)
Increase/(decrease) in contract liabilities	(177)	(1,223)	4,555
(Increase)/decrease in prepaid expense and other receivables	3,306	22,800	21
(Increase)/decrease in accounts receivable and contract assets			216	(216)
(Increase)/decrease in amount due from related parties	(6)	(43)	83	(189)
Net cash provided by/(used in) operating activities	2,678	18,473	(4,576)	(6,128)
Cash flows from investing activities:
Investments in subsidiaries and consolidated VIEs	0	0	(247)	(245)
Payments of inter-company balances	(3,389)	(23,376)	(161,216)	(139,123)
Net cash provided by/(used in) investing activities	(3,389)	(23,376)	(161,463)	(139,368)
Cash flows from financing activities:
Proceeds from initial public offering, net of issuance costs				340,479
Proceeds from exercise of options			497	503
Repurchase of Class A common shares	(965)	(6,659)	(3,003)	(2,063)
Net cash provided by/(used in) financing activities	(965)	(6,659)	(2,506)	338,919
Effect of exchange rate changes on cash and cash equivalents	128	884	(2,381)	(6,268)
Net increase/(decrease) in cash and cash equivalents and restricted cash	(1,548)	(10,678)	(170,926)	187,155
Total cash and cash equivalents and restricted cash at beginning of year	2,362	16,291	187,217	62
Total cash and cash equivalents and restricted cash at end of year	$ 814	¥ 5,613	¥ 16,291	¥ 187,217