0001193125-24-101610 | 20-F | XBRL Viewer

Principal Activities and Reorganization (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Principal Subsidaries, Consolidated VIE and Subsidiaries of VIE

As of December 31, 2023 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
Synergy Wealth Management Limited	August 31, 2023	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
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
Shanghai Huiju Haoshi Information Technology Co., Ltd	October 12, 2021	PRC	80%	Internet information 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

Operating Revenue

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Operating revenue

16. Operating revenue


	For the Year Ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Brokerage income
-Life and Health insurance business		2,170,767		1,046,469		1,043,497
-Property and Casualty insurance business		61,486		62,183		101,036

Brokerage income subtotal		2,232,253		1,108,652		1,144,533

Other income		12,763		49,256		51,019

Total operating revenue		2,245,016		1,157,908		1,195,552

- 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Other Payables and Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Other payable and accrued expenses consist of the following:


	As of
	December 31, 2022		December 31, 2023
	RMB		RMB
Other tax payables		14,994		9,004
Other payable to suppliers		8,915		8,578
Accrued marketing expense -loyalty points		4,643		3,547
Professional fees		6,211		5,092
Advances from the insured		3,251		2,892
Interest payable		746		48
Deposits		258		352
Payable for asset acquisition		—		910
Withholding social security costs and housing benefits		14,717		1,196
Deferred income		2,395		1,429
Others		2,121		1,802

		58,251		34,850

Net profit/(loss) per share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Net profit/(loss) per share

20. Net profit/(loss) per share

Basic net profit/(loss) per share and diluted net profit/(loss) per share have been calculated in accordance with ASC 260 on computation of earnings per share for the years ended December 31, 2021, 2022 and 2023 as follows:


	For the Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Numerator:
Net profit/(loss)		(107,717	)		(33,740	)		70,554
Less: Net profit/(loss) attributable to non-controlling interests		(51	)		(2,553	)		366

Net profit/(loss) attributable to common shares and redeemable preferred shares		(107,666	)		(31,187	)		70,188
Net profit/(loss) attributable to common shareholders-Basic and diluted		(107,666	)		(31,187	)		70,188

Denominator:
Denominator for basic profit/(loss) per share weighted-average common shares outstanding		1,021,861,206			1,021,958,881			1,000,940,698
Dilutive effect of restricted shares		—			—			—
Dilutive effect of share options		—			—			—
Denominator for diluted profit/(loss) per share weighted-average common shares outstanding		1,021,861,206			1,021,958,881			1,000,940,698
Basic and diluted profit/(loss) per share		(0.11	)		(0.03	)		0.07

The potentially dilutive securities that were not included in the calculation of above dilutive net profit/(loss) per share in the years presented where their inclusion would be anti-diluted include restricted shares of

4,054,623 shares, 11,273,390 shares and 1,347,076 shares for the years ended December 31, 2021, 2022 and 2023, respectively, and share options of nil, 20,246,077 shares and 5,279,732 shares for the years ended December 31, 2021, 2022 and 2023 on a weighted average basis, respectively.

Prepaid Expenses and Other Receivables and Other assets - Summary of Prepaid Expenses and Receivables (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Interest-bearing at a fixed interest rate	3.60%	5.00%

Consolidated Statements of Cash Flows ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Cash flows from operating activities:
Net profit/(loss)	¥ 70,554	$ 9,939	¥ (33,740)	¥ (107,717)
Adjustments to reconcile net profit/(loss) to net cash provided by/(used in) operating activities:
Allowance for doubtful account	1,567	220	2,415	1,445
Impairment of intangible assets	1,950	275	0	0
Depreciation and amortization	13,640	1,921	18,427	7,424
Unrealized exchange (income)/ loss	436	61	79	59
Share-based compensation expense	463	65	8,163	11,355
Interest expense	(2,789)	(393)	5,062	3,206
Investment (income)/loss	2,405	339	1,885	5,328
Gain on disposal of subsidiary	(749)	(105)	331	0
Share of (income)/loss of equity method investee	(417)	(59)	2,200	(2,660)
Amortization of right-of-use assets	25,680	3,617	27,788	32,941
Amortization of directors and officers liability insurance premium	3,125	440	7,891	7,798
Loss/(gain) on disposal of property, plant and equipment	217	31	513	(194)
Gain on termination of right-of-use assets	(5,923)	(834)	(7,215)	0
Adjustments to reconcile net profit/(loss) to net cash provided by operating activities:	110,159	15,517	33,799	(41,015)
Changes in operating assets and liabilities:
(Increase)/decrease in accounts receivable	75,466	10,629	531,001	(545,678)
(Increase)/decrease in insurance premium receivables	(123)	(17)	(575)	757
(Increase)/decrease in prepaid expense and other receivables	21,815	3,072	22,786	(40,020)
(Increase)/decrease in deferred costs	(6,147)	(866)	0	0
(Increase)/decrease in amounts due from related parties	106	15	(361)	123
Increase/(decrease) in amounts due to related party	1,956	275	(11,380)	11,875
(Increase)/decrease in other assets	0	0	200	0
(Increase)/decrease in contract assets	1,975	278	(56,522)	216
Increase/(decrease) in accounts payable	(50,661)	(7,136)	(428,580)	452,550
Increase/(decrease) in insurance premium payables	9,947	1,401	(96,452)	(63,200)
Increase/(decrease) in payroll and welfare payable	12,469	1,756	(49,760)	25,578
Increase/(decrease) in other payables and accrued expenses	(24,899)	(3,507)	(13,155)	29,860
(Increase)/decrease in right-of-use assets due to prepaid rent	(825)	(116)	0	0
Increase/(decrease) in operating lease liabilities	(12,581)	(1,772)	(12,866)	(14,199)
Increase/(decrease) in contract liabilities	(1,306)	(184)	(3,202)	7,236
Net cash provided by/(used in) operating activities	137,351	19,345	(85,067)	(175,917)
Cash flows from investing activities:
Purchase of long-term investment	0	0	(10,000)	(33,614)
Purchase of short-term investment	(9,968)	(1,404)	0	0
Purchase of property, equipment and intangible assets	(30,524)	(4,299)	(16,823)	(38,061)
Proceeds from disposal of property, equipment and intangible assets	955	135	1,048	980
Proceeds from disposal of investments	874	123	700	3,820
Acquisition of subsidiary, net of cash acquired	(2,441)	(344)	(25,964)	(14,292)
Cash received for disposal of subsidiary	1,645	232	3,640	0
Advances to a third party	(23,000)	(3,239)	(26,000)	0
Repayment from a third party	0	0	16,000	0
Interests received	1,075	151	876	0
Others	361	51	237	241
Net cash provided by/(used in) investing activities	(61,023)	(8,594)	(56,286)	(80,926)
Cash flows from financing activities:
Proceeds from borrowings	37,000	5,211	270,200	184,000
Repayments of borrowings	(161,473)	(22,743)	(367,524)	(40,503)
Repurchase of Class A common shares	(13,392)	(1,886)	(6,659)	(3,003)
Proceeds from exercise of share options	560	79	0	497
Net cash provided by/(used in) financing activities	(133,555)	(18,811)	(101,133)	141,891
Effect of exchange rate changes on cash and cash equivalents	2,914	410	9,587	(5,012)
Net increase/(decrease) in cash and cash equivalents and restricted cash	(54,313)	(7,650)	(232,899)	(119,964)
Total cash and cash equivalents and restricted cash at beginning of year	376,085	52,970	608,984	728,948
Total cash and cash equivalents and restricted cash at end of year	321,772	45,320	376,085	608,984
Supplemental disclosure of cash flow information
Cash paid for interest	(4,473)	(630)	(10,614)	(7,813)
Cash paid for income tax	0	0	0	0
Supplemental disclosure of non-cash investing and financing activities
Increase in lease liabilities arising from obtaining operating lease right-of-use assets	5,113	720	2,011	13,400
Decrease in lease liabilities due to termination of lease contacts	(35,788)	(5,041)	(65,922)	0
Subsidiaries [Member]
Cash flows from financing activities:
Cash received by subsidiaries from minority shareholders	¥ 3,750	$ 528	¥ 2,850	¥ 900

- Definition

Repayment from a third party.

+ References + Details

Pay vs Performance Disclosure ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Pay vs Performance Disclosure
Net Income (Loss)	¥ 70,188	$ 9,887	¥ (31,187)	¥ (107,666)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-10

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483581/946-220-45-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-7

Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-28

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Prepaid Expenses and Other Receivables and Other assets - Summary of Prepaid Expenses and Receivables (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Current portion:
Prepaid input value-added tax	¥ 18,317		¥ 32,083
VAT refund receivable	9,329		4,827
Rental and other deposits	9,732		9,609
Advances to suppliers	5,517		10,230
Interest receivables	842		2,467
Advances to staff	383	$ 54	489
Directors and officers liability insurance premium	224		658
Claim advance on behalf of insurer	46		53
Prepayment for share repurchase	1,016		898
Advances to a third party	33,000		10,000
Others	724		1,596
Prepaid expense and other assets before impairment	79,481		72,818
Less: Allowance for doubtful accounts	(697)		(1,000)
Total prepaid expenses and other receivables	78,784	$ 11,096	71,818
Non-current portion:
Advances to long-term assets	419		279
Total	419		279
Related Party [Member]
Current portion:
Advances to staff	¥ 734		¥ 397

Parent Company Only Condensed Financial Information - Summary of Comprehensive Income/(Loss) (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Condensed Statement Of Comprehensive Income [Line Items]
Other income	¥ 51,019	$ 7,186	¥ 49,256	¥ 12,763
Total operating revenue	1,195,552	168,390	1,157,908	2,245,016
General and administrative expenses	119,404	16,818	154,715	197,619
Operating Loss	51,039	7,189	(43,673)	(114,411)
Other expense
Unrealized exchange income	(436)	(61)	(79)	(59)
Profit/(loss) before income tax, and share of loss of subsidiaries and VIEs	70,137	9,880	(31,540)	(110,377)
Share of income/(loss) of subsidiaries and VIEs	417	59	(2,200)	2,660
Net profit/(loss)	70,188	9,887	(31,187)	(107,666)
Net profit/(loss) attributable to common shareholders	70,188	9,887	(31,187)	(107,666)
Net profit/(loss)	70,188	9,887	(31,187)	(107,666)
Foreign currency translation adjustment, net of tax	3,635	512	9,600	(5,323)
Total comprehensive income/(loss)	73,823	10,399	(21,587)	(112,989)
Parent Company [Member]
Condensed Statement Of Comprehensive Income [Line Items]
Other income	1,643	231	1,553	1,269
Total operating revenue	1,643	231	1,553	1,269
General and administrative expenses	(5,996)	(846)	(4,614)	(5,994)
Operating Loss	(4,353)	(615)	(3,061)	(4,725)
Other expense
Interest income	1			4
Unrealized exchange income	(1)
Profit/(loss) before income tax, and share of loss of subsidiaries and VIEs	(4,353)	(615)	(3,061)	(4,721)
Share of income/(loss) of subsidiaries and VIEs	74,541	10,499	(28,126)	(102,945)
Net profit/(loss)	70,188	9,884	(31,187)	(107,666)
Net profit/(loss) attributable to common shareholders	70,188	9,884	(31,187)	(107,666)
Net profit/(loss)	70,188	9,884	(31,187)	(107,666)
Foreign currency translation adjustment, net of tax	3,635	512	9,600	(5,323)
Total comprehensive income/(loss)	¥ 73,823	$ 10,396	¥ (21,587)	¥ (112,989)

Selling Expense (Tables)

12 Months Ended

Dec. 31, 2023

Selling Expense [Abstract]

Schedule of Selling Expense


	For the Year Ended December 31,
	2021			2022		2023
	RMB			RMB		RMB
Salaries and employment benefits		222,428			166,588		140,016
Advertising and marketing expenses		97,945			31,026		31,148
Rental and utilities expenses		13,781			15,358		17,169
Traveling expenses		3,734			1,911		3,209
Office expenses		5,623			4,086		3,085
Depreciation and amortizations		680			1,101		1,135
Business development		761			827		1,016
Share-based compensation expenses		(475	)		1,041		286
Others		6,096			9,726		7,197

Total		350,573			231,664		204,261

Share-based Compensation - Share-based Payment Arrangement, Expensed and Capitalized, Amount (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	¥ 2,109	¥ 10,411	¥ (1,824)
Cost of revenue [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	(7)	11	(387)
Selling expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	286	1,041	(475)
General and administrative expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	1,997	9,151	(665)
Research and development expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	¥ (167)	¥ 208	¥ (297)

Income Taxes - Significant Components of Deferred Tax Assets and Deferred Tax Liabilities (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets
Advertising expenses	¥ 1,668	¥ 1,569
Net accumulated losses carry forward	80,592	94,697
Depreciation and amortization	335	338
Allowance for doubtful accounts	1,901	1,505
Impairment of intangible assets	383	0
Accrued expenses	5,364	6,640
Operating lease liabilities	35,640	45,639
Gross deferred tax assets	125,883	150,388
Less: valuation allowance	(76,937)	(90,049)	¥ (73,596)	¥ (34,501)
Net deferred tax assets	48,946	60,339
Deferred tax liabilities
Intangible assets	12,048	12,491
Operating lease right-of-use assets	35,639	45,638
Gain on equity method investee	605	605
Variable consideration of renewal income	12,702	14,096
Gross deferred tax liabilities	¥ 60,994	¥ 72,830

Consolidated Statements of Changes in Shareholders' (Deficit)/Equity ¥ in Thousands, $ in Thousands	CNY (¥) shares	USD ($) shares	Cumulative Effect, Period of Adoption, Adjustment [Member] CNY (¥)	Common shares [Member] shares	Treasury Stock [Member] CNY (¥) shares	Additional paid-in capital [Member] CNY (¥)	Accumulated other comprehensive (income)/ loss [Member] CNY (¥)	Accumulated deficit [Member] CNY (¥)	Accumulated deficit [Member] Cumulative Effect, Period of Adoption, Adjustment [Member] CNY (¥)	Non-Controlling interest [Member] CNY (¥)	Common Class A [Member] Common shares [Member] CNY (¥) shares	Common Class B [Member] Common shares [Member] CNY (¥) shares
Balance Beginning at Dec. 31, 2020	¥ 468,683				¥ (2,063)	¥ 884,920	¥ (21,972)	¥ (392,274)			¥ 62	¥ 10
Balance Beginning (Shares) at Dec. 31, 2020 \| shares					896,180						889,402,546	150,591,207
Net profit/(loss) for the year	(107,717)							(107,666)		¥ (51)
Repurchase of Class A common shares	(7,482)				¥ (7,482)
Repurchase of Class A common shares (Shares) \| shares					2,540,680
Shares issued upon exercise of option	497					497
Shares issued upon exercise of option (Shares) \| shares											201,040
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)
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					3,436,860						889,603,586	150,591,207
Net profit/(loss) for the year	(33,740)							(31,187)		(2,553)
Repurchase of Class A common shares	¥ (5,761)				¥ (5,761)
Repurchase of Class A common shares (Shares) \| shares	13,097,740	13,097,740		16,534,600
Share-based payment compensation	¥ 8,163					8,163
Capital injection from non-controlling interests	2,850									2,850
Foreign currency translation	9,600						9,600
Balance Ending at Dec. 31, 2022	342,025				¥ (15,306)	904,935	(17,695)	(531,127)		1,146	¥ 62	¥ 10
Balance Ending (Accounting Standards Update 2019-11 [Member]) at Dec. 31, 2022			¥ 2,702						¥ 2,702
Balance Ending (Shares) at Dec. 31, 2022 \| shares					16,534,600						889,603,586	150,591,207
Net profit/(loss) for the year	70,554	$ 9,939						70,188		366
Repurchase of Class A common shares	(13,274)				¥ (13,274)
Repurchase of Class A common shares (Shares) \| shares				46,867,940	30,333,340
Shares issued upon exercise of option	560					560
Shares issued upon exercise of option (Shares) \| shares											1,232,560
Share-based payment compensation	463					463
Capital injection from non-controlling interests	3,750									3,750
Foreign currency translation	3,635	512					3,635
Balance Ending at Dec. 31, 2023	¥ 410,415	$ 57,806			¥ (28,580)	¥ 905,958	¥ (14,060)	¥ (458,237)		¥ 5,262	¥ 62	¥ 10
Balance Ending (Shares) at Dec. 31, 2023 \| shares					46,867,940						890,836,146	150,591,207

General and Administrative Expenses

12 Months Ended

Dec. 31, 2023

General and Administrative Expense [Abstract]

General and administrative expenses

18. General and administrative expenses


	For the Year Ended December 31,
	2021			2022		2023
	RMB			RMB		RMB
Salaries and employment benefits		87,321			59,484		54,608
Professional service expenses		31,868			18,858		19,676
Rental and utilities expenses		33,486			25,056		11,455
Depreciation and amortizations		2,195			11,448		7,668
Office expenses		8,532			6,177		5,077
Bad debt expense		1,445			2,415		3,517
Bank charges		7,955			3,048		3,419
Directors and officers liability insurance premium		7,798			7,891		3,125
VAT Surcharge		6,954			3,529		2,869
Share-based compensation expenses		(665	)		9,151		1,997
Traveling expenses		1,675			786		1,508
Other		9,055			6,872		4,485

Total		197,619			154,715		119,404

The following table sets forth the movement of the Group’s allowance for doubtful accounts, including the cumulative effect of the changes on the Group’s consolidated balance sheet as of January 1, 2023 due to the adoption of ASC 326.


	Cash and cash equivalents			Contract assets		Accounts receivable			Insurance premium receivables		Other receivables			Total
	RMB			RMB		RMB			RMB		RMB			RMB
As of January 1, 2022		—			—		3,169			—		—			3,169
Additional allowance, net of recoveries		—			—		1,415			—		1,000			2,415

As of December 31, 2022		—			—		4,584			—		1,000			5,584
Adjustments due to the adoption of ASC 326		551			478		(2,928	)		—		(803	)		(2,702	)

As of January 1, 2023		551			478		1,656			—		197			2,882
Additional allowance, net of recoveries		(31	)		93		17			988		500			1,567

As of December 31, 2023		520			571		1,673			988		697			4,449

Net profit/(loss) per share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Summary of Earnings Per Share Basic And Diluted


	For the Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Numerator:
Net profit/(loss)		(107,717	)		(33,740	)		70,554
Less: Net profit/(loss) attributable to non-controlling interests		(51	)		(2,553	)		366

Net profit/(loss) attributable to common shares and redeemable preferred shares		(107,666	)		(31,187	)		70,188
Net profit/(loss) attributable to common shareholders-Basic and diluted		(107,666	)		(31,187	)		70,188

Denominator:
Denominator for basic profit/(loss) per share weighted-average common shares outstanding		1,021,861,206			1,021,958,881			1,000,940,698
Dilutive effect of restricted shares		—			—			—
Dilutive effect of share options		—			—			—
Denominator for diluted profit/(loss) per share weighted-average common shares outstanding		1,021,861,206			1,021,958,881			1,000,940,698
Basic and diluted profit/(loss) per share		(0.11	)		(0.03	)		0.07

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, 2023 CNY (¥) ¥ / shares shares	Dec. 31, 2023 CNY (¥) $ / shares ¥ / shares shares	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2022 CNY (¥) $ / shares ¥ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares	Dec. 31, 2020 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 \| ¥			¥ 2,109		¥ 10,411		¥ (1,824)
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			62,079,809	62,079,809
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			37,060,000		21,631,945		21,631,945
Share options outstanding			62,079,809	62,079,809	33,824,056	33,824,056	36,844,725	16,154,051	19,463,440
Weighted average fair value of the options \| $ / shares				$ 0.0161		$ 0.0192
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Shares Granted			1,212,056	1,212,056	3,430,745	3,430,745	8,113,544	13,332,607
Share-based compensation expenses \| ¥			¥ 463		¥ 8,163		¥ 11,355
Unrecognized Share Based Compensation \| ¥			¥ 0	$ 0	¥ 770	$ 770	¥ 11,883
Weighted Average Grant-Date Fair Value, Non-vested \| ¥ / shares			¥ 0	$ 0	¥ 0	$ 0	¥ 2.49
Share Based Compensation, Other Than Share Options Granted					0		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]
Share Based Compensation, Other Than Share Options Granted		320,000

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

Dec. 31, 2023

CNY (¥)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

CNY (¥)

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

¥ 96,162

¥ 68,341

Less: Accumulated depreciation

^[1]

(42,055)

(29,823)

Property, equipment and equipment, net

54,107

$ 7,621

38,518

Building [Member]

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

25,712

Computer and electronic equipment [Member]

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

29,343

27,439

Leaseholds improvements [Member]

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

29,109

28,124

Office furniture and equipment [Member]

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

9,550

10,330

Motor vehicles [Member]

Property, Plant and Equipment [Line Items]

Property, equipment and equipment, gross

¥ 2,448

[1]	Depreciation expenses for the years ended December 31, 2021, 2022 and 2023 were RMB6,474, RMB17,319 and RMB12,413, respectively.

Employee Benefits - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Employee benefits, total contributions	¥ 51,426	¥ 54,641	¥ 64,238

Short-term Borrowing

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Short-term Borrowing

10. Short-term borrowing


	As of
	December 31, 2022		December 31, 2023
	RMB		RMB
Bank borrowings (1)		130,000		30,000
Current portion of long-term borrowings (2)		20,000		—

		150,000		30,000

(1)	The Group obtained short-term borrowings to support its operation. The borrowings bear interest rates ranging from 4.60% to 5.00% for the year ended December 31, 2022 and an interest rate of 3.20% for the year ended December 31, 2023.

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

Type

Maturity

Date

Principal

Amount

Interest
Rate

Per Annum

As of

December 31,
2022

December 31,
2023

RMB

Bank loan

May 19, 2023

20,000

4.75

20,000

—

Less: Current portion of long-term borrowings

(20,000

)

—

Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

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, 2021, 2022 and 2023 as follows:


	For the year Ended December 31,
	2021			2022		2023
	RMB			RMB		RMB
Cost of revenue		(387	)		11		(7	)
Selling expenses		(475	)		1,041		286
General and administrative expenses		(665	)		9,151		1,997
Research and development expenses		(297	)		208		(167	)

		(1,824	)		10,411		2,109

Summary of Share Based Compensation Stock Options Activity Outstanding

The following table summarizes information regarding the share options outstanding as of December 31, 2023:


	As of December 31, 2023
	Options number		Weighted average exercise price per option		Weighted average remaining contractual life (years)		Aggregate intrinsic value
			US$				US$
Outstanding		62,079,809		0.0589		8.05		—
Exercisable		40,417,309		0.0583		7.43		—
Expected to vest		21,662,500		0.0600		9.21		—

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
	2022			2023
Exercise price (US$)		0.1616			0.0589
Expected forfeiture rate (post-vesting)		5.86	%		11.52	%
Expected volatility		51.70	%		52.10	%
Excepted term (in years)		7.67			8.05
Expected dividend yield		0	%		0	%
Risk-free interest rate		3.9302	%		3.8875	%

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, 2021, 2022 and 2023:


	Options to employees			Weighted average grant-date fair value
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			—

Non-vested at January 1, 2023		3,430,745			—
Granted		—			—
Vested		(2,145,701	)		—
Forfeited		(72,988	)		—

Non-vested at December 31, 2023		1,212,056			—

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, 2021, 2022 and 2023:


	Number of options			Weighted average exercise price (US$)
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

Outstanding at January 1, 2023		33,824,056			0.1616
Granted		37,060,000			0.0600
Exercised		(1,232,560	)		0.0575
Forfeited		(7,571,687	)		0.0583
Outstanding at December 31, 2023		62,079,809			0.0589

Vested and exercisable at December 31, 2023		40,417,309			0.0583

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	25. 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, 2023

Accounting Policies [Abstract]

Basis of presentation

(a) Basis of presentation

The Group’s consolidated financial statements for the years ended December 31, 2021, 2022 and 2023 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.

Basis of consolidation

(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, 2022		December 31, 2023
	RMB		RMB
Assets
Current assets
Cash and cash equivalent, net of allowance for doubtful accounts		205,781		159,140
Restricted cash		55,458		42,307
Short-term investments		—		8,879
Contract assets, net of allowance for doubtful accounts		49,888		41,481
Account receivable, net of allowance for doubtful accounts		250,238		175,152
Insurance premium receivables, net of allowance for doubtful accounts		1,792		927
Amount due from related parties		340		277
Deferred costs		—		6,147
Prepaid expense and other receivables, net of allowance for doubtful accounts		96,987		102,729

Total current assets		660,484		537,039

Non-current assets
Restricted cash		—		29,687
Contract assets, net of allowance for doubtful accounts		6,634		12,495
Property, Plant and Equipment, net		38,133		53,821
Intangible assets, net		50,851		45,447
Deferred tax assets		—		—
Long-term investments		66,250		66,667
Operating lease right-of-use assets		162,180		115,412
Goodwill		461		461
Other Assets		279		—

Total non-current assets		324,788		323,990

Total assets		985,272		861,029


	As of
	December 31, 2022			December 31, 2023
	RMB			RMB
Liabilities and Shareholders’ Equity
Short-term borrowings		150,000			30,000
Accounts payable		261,993			204,587
Insurance premium payables		27,567			37,514
Contract liabilities		702			945
Other payables and accrued expenses		195,136			171,706
Payroll and welfare payable		39,674			50,624
Income taxes payable		2,440			2,440
Operating lease liabilities		10,075			16,368
Amount due to related parties		495			2,451

Total current liabilities		688,082			516,635

Non-current liabilities
Deferred tax liabilities		12,054			10,971
Operating lease liabilities		176,032			129,299

Total non-current liabilities		188,086			140,270

Total liabilities		876,168			656,905

Shareholders’ equity
Common shares		44,766			44,766
Additional paid-in capital		470,553			472,775
Accumulated deficit		(407,361	)		(318,679	)

Total shareholders’ equity attributable to Huize Holding Limited shareholders		107,958			198,862
Non-controlling interests		1,146			5,262

Total shareholders’ equity		109,104			204,124

Total liabilities and shareholders’ equity		985,272			861,029

Selected Condensed Consolidated Statements of Income/(loss) Information


	For the Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Operating revenue
Brokerage income		2,231,388			1,107,090			1,124,872
Other income		11,494			49,223			48,450

Total operating revenue		2,242,882			1,156,313			1,173,322

Operating costs and expenses
Cost of revenue		(1,687,770	)		(705,067	)		(711,917	)
Other cost		(2,670	)		(28,282	)		(18,919	)

Total operating costs		(1,690,440	)		(733,349	)		(730,836	)
Selling expenses		(346,305	)		(230,414	)		(201,608	)
General and administrative expenses		(172,822	)		(136,519	)		(101,135	)
Research and development expenses		(120,478	)		(80,911	)		(71,842	)

Total operating costs and expenses		(2,330,045	)		(1,181,193	)		(1,105,421	)

Operating income/(loss)		(87,163	)		(24,880	)		67,901

Other income/(expenses)
Interest income/(expenses)		(4,092	)		(5,592	)		841
Investment income/(loss)		(1,369	)		568			(1,477	)
Others, net		12,627			17,941			18,400

Profit/(loss) before income tax, and share of income /(loss) of equity method investee		(79,997	)		(11,963	)		85,665

Share of income/(loss) of equity method investee		2,660			(2,200	)		417

Net profit/(loss)		(77,337	)		(14,163	)		86,082

Net profit/(loss) attributable to non-controlling interests		(51	)		(2,553	)		366

Net profit/(loss) attributable to Huize Holding Limited		(77,286	)		(11,610	)		85,716

Net profit/(loss)		(77,337	)		(14,163	)		86,082
Foreign currency translation adjustment, net of tax		—			—			—

Comprehensive income/(loss)		(77,337	)		(14,163	)		86,082

Comprehensive income/(loss) attributable to non-controlling interests		(51	)		(2,553	)		366

Comprehensive income/(loss) attributable to Huize Holding Limited		(77,286	)		(11,610	)		85,716

Selected Condensed Consolidated Cash Flows Information


	For the Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Net cash provided by/(used in) operating activities		(152,844	)		(69,094	)		149,531

Cash flows from investing activities:
Purchase of long-term investment		(22,601	)		(10,000	)		—
Purchase of short-term investment		—			—			(9,968	)
Purchase of property, equipment and intangible assets		(37,359	)		(16,773	)		(30,090	)
Proceeds from disposal of property, equipment and intangible assets		961			1,044			955
Acquisition of subsidiary, net of cash paid		(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			1,645
Advances to a third party		—			(26,000	)		(23,000	)
Repayment from a third party		—			16,000			—
Interests received		—			876			1,075
Others		241			237			361

Net cash provided by/(used in) investing activities		(74,723	)		(56,240	)		(59,022	)

Cash flows from financing activities:
Proceeds from borrowings		184,000			270,200			37,000
Repayments of borrowings		(40,503	)		(367,524	)		(161,473	)
Proceeds from inter-company balances		128,000			6,041			604
Proceeds from exercise of share option		247			—			—
Cash received by subsidiaries from minority shareholders		900			2,850			3,750

Net cash provided by/(used in) financing activities		272,644			(88,433	)		(120,119	)

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

Net increase/(decrease) in cash and cash equivalents and restricted cash		45,077			(213,767	)		(29,610	)
Total cash and cash equivalents and restricted cash at beginning of year		429,929			475,006			261,239

Total cash and cash equivalents and restricted cash at end of year		475,006			261,239			231,629

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.

Business combinations and non-controlling interests

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.

Use of estimates

(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, other receivables, cash and cash equivalents, restricted cash, contract assets, amounts due from related parties and other assets), (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, (x) discount rate of lease liability and (xi) fair value of short-term investments. Actual results could materially differ from these estimates.

Comprehensive income and foreign currency translation

(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.

Convenience translation

(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, 2023 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB7.0999, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on the last trading day of 2023 (December 29, 2023). No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2023 or at any other rate.

Cash and cash equivalents

(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.

Restricted cash

(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 RMB30,578 and RMB42,103 (US$ 5,930) as of December 31, 2022 and December 31, 2023, respectively. As of December 31, 2022, HK Smart Choice provided security for the loan of Huize Shidai by pledged deposits. The amounts of pledged deposits as of December 31, 2022 was RMB43,459

, which was transferred to cash and cash equivalents during the year ended December 31, 2023 due to Huize Shidai’s repayment of the loan. 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

RMB24,880 and RMB29,891 (US$ 4,210) as of December 31, 2022 and as of December 31, 2023.

Short-term investments

(i) Short-term investments

Short-term investments consist primarily of certain investments in marketable equity securities, which are publicly traded stock. The Company has the intention to redeem these investments within one year.

Accounts receivable

(j) 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. During the year ended December 31, 2022, the Group assesses the collectability of accounts receivable by determining the allowance percentage for the overdue balances by age.

On January 1, 2023, the Group adopted ASC Topic 326 which replaces the incurred loss methodology with the current expected credit loss (“CECL”) methodology as described in note 2(k).

Current expected credit losses

(k) Current expected credit losses

The Group mainly has the following types of financial assets that are within the scope of ASC Topic 326: cash and cash equivalents, restricted cash, contract assets, accounts receivable, insurance premium receivables, amounts due from related parties, other receivables and other assets. The Group’s expected credit loss of restricted cash, amounts due from related parties and other assets within the scope of ASC Topic 326 were immaterial.

Prior to the adoption of ASC Topic 326 on January 1, 2023, the Group maintains an allowance for doubtful accounts to reserve for uncollectible receivable amounts. The allowance for doubtful accounts is estimated based upon the age of the accounts receivable balance and other factors that may affect the customers’ ability to pay.

Starting from January 1, 2023, the Group adopted ASC Topic 326 and assess the related receivables and other receivables quarterly through CECL model and methodologies and establish a reserve to reflect the net amount expected to be collected. The allowance is management’s estimate of expected credit losses after considering the likelihood of customers defaulting (i.e., Probability of Default, or PD), the resulting losses of customers’ defaults (i.e., Loss Given Default, or LGD), industry delinquency rate and a range of forecasts of macroeconomic conditions over the expected life of the loans. The Group estimated the allowance by segmenting financial assets based on certain credit risk characteristics and adjusting for judgments about the effects of relevant observable data including current and future economic conditions. This is assessed at each quarter based on the Group’s specific facts and circumstances. No significant impact of changes in the assumptions since adoption.

Insurance premium receivables

(l) 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.

Deferred costs

(m) Deferred costs

The deferred costs represent the costs incurred to fulfill contract. The Group recognizes an asset from the costs incurred to fulfill a contract only if those costs meet all of the following criteria:

The costs relate directly to a contract or to an anticipated contract that the Group can specifically identify.

The costs generate or enhance resources of the Group that will be used in satisfying (or in continuing to satisfy) performance obligations in the future.

The costs are expected to be recovered.

The deferred costs include direct labor, direct materials, allocations of costs that relate directly to the contract or to contract activities, costs that are explicitly chargeable to the customer under the contract and other costs that are incurred only because an entity entered into the contract.

The deferred costs are amortized on a systematic basis that is consistent with the transfer to the customer of the goods or services to which the deferred costs relate.

Fair value measurement

(n) 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.

Property, plant and equipment, net

(o) 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
Buildings		32 years		5%
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).

Intangible assets, net

(p) 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. Impairment losses of intangible assets not subject to amortization for the years ended December 31 2022 and 2023 were nil and RMB1,950.

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%

Impairment of long-lived assets

(q) Impairment of long-lived assets

Long-lived assets including property, plant and equipment and intangible assets subject to amortization, 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, 2021, 2022 and 2023.

Goodwill

(r) 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.

Asset acquisition

(s) 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.

Long-term investments

(t) 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 value

Securities with readily determinable fair values are measured at fair value. Equity securities accounted for at fair value 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.

Short-term borrowings

(u) 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.

Insurance premium payables

(v) 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.

Lease

(w) Lease

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:

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

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:

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

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.

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.

Share-based compensation

(x) 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.

Employee benefit plans

(y) 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.

Revenue recognition

(z) 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(j)). An impairment loss, if any, is recorded as general and administrative expenses on the Consolidated Statements of Comprehensive Income/(Loss).

Contract Balance

Cost of revenue

(aa) 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.

Selling expenses

(bb) 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.

General and administrative expenses

(cc) 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.

Research and development expenses

(dd) 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.

Others, net

(ee) Others, net

Others, net, mainly consist of

non-operating

income and expenses. During the year ended December 31, 2023, it was composed primarily of RMB11,945 government subsidies and RMB5,706 gain on termination of lease contracts.

Taxation

(ff) 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 50% 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.

Net profit/(loss) per share

(gg) 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 represent 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.

Segment reporting

(hh) 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 mainland China and more than 90% of the carrying values of the Group’s long-lived assets other than financial instruments are located in the mainland China. During the years ended December 31, 2022 and 2023, 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

Significant risk and uncertainties

(ii) 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 RMB481,589, RMB261,891 and RMB231,626 of cash and cash equivalents and restricted cash denominated as of December 31, 2021, 2022 and December 31, 2023, 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
	2021		%			2022		%			2023		%
	RMB					RMB					RMB
Customer A		715,287		32	%		309,781		27	%		290,351		24	%
Customer H		186,036		8	%		60,402		5	%		138,125		12	%
Customer K		489,862		22	%		140,991		12	%		80,427		7	%

		1,391,185		62	%		511,174		44	%		508,903		43	%

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


	As of December, 31
	2022		%			2023		%
	RMB					RMB
Customer A		32,456		13	%		47,177		26	%
Customer K		47,941		19	%		26,314		15	%
Customer M		37,531		15	%		20,659		12	%

		117,928		47	%		94,150		53	%

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

Concentration of Credit Risk (Continued)

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
	2022		%			2023		%
	RMB					RMB
Bank A		154,381		41	%		136,110		42	%
Bank B		73,255		19	%		82,861		26	%
Bank C		67,444		18	%		34,935		11	%
Bank D		40,917		11	%		—		—

		335,997		89	%		253,906		79	%

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. As of December 31, 2023, the Group has recognized allowance for CECL of bank deposits of RMB520.

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.

Recent accounting pronouncements

(jj) Recent accounting pronouncements

In August 2020, the FASB issued ASU

No. 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 adoption of this guidance is not expected to have a material impact on the Group’s consolidated financial statements.

In June 2022, the FASB issued ASU No

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.

In November 2023, the FASB issued ASU No

2023-07,

“Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The amendments in this update improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyzes. Currently, Topic 280 requires that a public entity disclose certain information about its reportable segments. Topic 280 also requires other specified segment items and amounts, such as depreciation, amortization, and depletion expense, to be disclosed under certain circumstances. The amendments in this Update do not change or remove those disclosure requirements. The amendments in this Update also do not change how a public entity identifies its operating segments, aggregates those operating segments, or applies the quantitative thresholds to determine its reportable segments. For all public entities that are required to report segment information in accordance with Topic 280, the amendments in this Update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Group’s consolidated financial statements.

In December 2023, the FASB issued ASU No

2023-09,

“Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The amendments in this Update related to the rate reconciliation and income taxes paid disclosures improve the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. The amendments allow investors to better assess, in their capital allocation decisions, how an entity’s worldwide operations and related tax risks and tax planning and operational opportunities affect its income tax rate and prospects for future cash flows. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2024. For entities other than public business entities, the amendments are effective for annual periods beginning after December 15, 2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The amendments in this Update should be applied on a prospective basis. Retrospective application is permitted. The Group is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

Related Party Balances and Transactions - Schedule of Related Party Transactions (Detail) - Related Party [Member] - CNY (¥) ¥ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Due from related parties	¥ 383	¥ 489
Due to related parties	2,451	495
Shareholders [Member]
Related Party Transaction [Line Items]
Due from related parties	106	149
Huibao Huipei [Member]
Related Party Transaction [Line Items]
Due from related parties	277	340
Due to related parties	451
Xiaoke [Member]
Related Party Transaction [Line Items]
Due to related parties	¥ 2,000	¥ 495

Related Party Balances and Transactions - Schedule of Service Provided by or to Related Parties (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Related Party Transaction [Line Items]
Service provided to related parties	¥ 1,195,552	$ 168,390	¥ 1,157,908	¥ 2,245,016
Related Party [Member]
Related Party Transaction [Line Items]
Service provided by related parties	9,326		9,313	12,161
Service provided to related parties	728		970
Technology service fee [Member] \| Xiaoke [Member] \| Related Party [Member]
Related Party Transaction [Line Items]
Service provided by related parties	1,887		7,259	11,609
PPC advertisement service fee [Member] \| Xiaoke [Member] \| Related Party [Member]
Related Party Transaction [Line Items]
Service provided by related parties				412
Channel cost [Member] \| Huibao Huipei [Member] \| Related Party [Member]
Related Party Transaction [Line Items]
Service provided by related parties	7,439		2,054	140
Consulting service fee [Member] \| Huibao Huipei [Member] \| Related Party [Member]
Related Party Transaction [Line Items]
Service provided to related parties	¥ 728		¥ 970

Summary of Significant Accounting Policies - Summary of Estimated Useful Life and Residual Value of Intangible Assets (Detail)	12 Months Ended
	Dec. 31, 2023
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

Lease - Additional Information (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Leases [Abstract]
Gain on termination of right-of-use assets	¥ 5,923	$ 834	¥ 7,215	¥ 0

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, 2023 USD ($) $ / shares shares
Schedule Of Share Based Compensation Stock Options Activity Outstanding [Line Items]
Options number, Outstanding \| shares	62,079,809
Options number, Exercisable \| shares	40,417,309
Options number, Expected to vest \| shares	21,662,500
Weighted average exercise price, Outstanding \| $ / shares	$ 0.0589
Weighted average exercise price, Exercisable \| $ / shares	0.0583
Weighted average exercise price, Expected to vest \| $ / shares	$ 0.06
Weighted average remaining contractual life, Outstanding	8 years 18 days
Weighted average remaining contractual life, Exercisable	7 years 5 months 4 days
Weighted average remaining contractual life, Expected to vest	9 years 2 months 15 days
Aggregate intrinsic value, Outstanding \| $	$ 0
Aggregate intrinsic value, Exercisable \| $	0
Aggregate intrinsic value, Expected to vest \| $	$ 0

Operating Revenue (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue


	For the Year Ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Brokerage income
-Life and Health insurance business		2,170,767		1,046,469		1,043,497
-Property and Casualty insurance business		61,486		62,183		101,036

Brokerage income subtotal		2,232,253		1,108,652		1,144,533

Other income		12,763		49,256		51,019

Total operating revenue		2,245,016		1,157,908		1,195,552

Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2023

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet

Balance sheet


	As of December 31,
	2022			2023
	RMB			RMB			US$ Note 2(f)
Assets
Cash and cash equivalent, net of allowance for doubtful accounts		5,613			5,296			746
Amount due from related parties		149			106			15
Prepaid expense and other receivables, net of allowance for doubtful accounts		316,172			306,894			43,227
Long-term investments		44,307			118,319			16,665

Total assets		366,241			430,615			60,653

Liabilities and Shareholders’ equity
Other payables and accrued expenses		17,892			17,896			2,521
Contract liabilities		3,332			1,783			251
Payroll and welfare payable		4,138			5,783			815

Total liabilities		25,362			25,462			3,587

Shareholders’ equity
Class A common shares (US$0.00001 par value; 7,000,000,000 shares authorized as of December 31, 2022 and 2023, respectively; 894,456,046 shares issued as of December 31, 2022 and 2023, respectively; 873,068,986 shares and 843,968,206 shares outstanding as of December 31, 2022 and 2023, respectively)		62			62			9
Class B common shares (US$0.00001 par value; 800,000,000 shares authorized as of December 31, 2022 and 2023, respectively; 150,591,207 shares issued and outstanding as of December 31, 2022 and 2023, respectively)		10			10			1
Treasury stock (16,534,600 shares and 46,867,940 shares as of December 31, 2022 and December 31, 2023, respectively)		(15,306	)		(28,580	)		(4,025	)
Additional paid-in capital		904,935			905,958			127,602
Accumulated other comprehensive loss		(17,695	)		(14,060	)		(1,980	)
Accumulated deficit		(531,127	)		(458,237	)		(64,541	)

Total shareholders’ equity		340,879			405,153			57,066

Total liabilities and shareholders’ equity		366,241			430,615			60,653

Condensed Statement of Comprehensive Income

Statement of Comprehensive Income/(Loss)


	Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB			US$ Note 2(f)
Operating revenue
Other income		1,269			1,553			1,643			231

Total operating revenue		1,269			1,553			1,643			231

Operating cost and expenses
General and administrative expenses		(5,994	)		(4,614	)		(5,996	)		(846	)

Operating loss		(4,725	)		(3,061	)		(4,353	)		(615	)

Other expense
Interest income		4			—			1			—
Unrealized exchange income		—			—			(1	)		—

Profit/(loss) before income tax, and share of loss of subsidiaries and VIEs		(4,721	)		(3,061	)		(4,353	)		(615	)

Share of income/(loss) of subsidiaries and VIEs		(102,945	)		(28,126	)		74,541			10,499

Net profit/(loss)		(107,666	)		(31,187	)		70,188			9,884

Net profit/(loss) attributable to common shareholders		(107,666	)		(31,187	)		70,188			9,884

Net profit/(loss)		(107,666	)		(31,187	)		70,188			9,884
Foreign currency translation adjustment, net of tax		(5,323	)		9,600			3,635			512

Total comprehensive income/(loss)		(112,989	)		(21,587	)		73,823			10,396

Condensed Cash Flow Statement

Statement of cash flows


	Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB			US$ Note 2(f)
Cash flows from operating activities:
Net profit/(loss)		(107,666	)		(31,187	)		70,188			9,884
Adjustments to reconcile net profit/(loss) to net cash used in operating activities:
Unrealized exchange (income)/loss		—			—			1			—
Share of income/(loss) of subsidiaries and VIEs		102,945			28,126			(74,541	)		(10,499	)
Expected credit loss expenses		—			—			3			—

		(4,721	)		(3,061	)		(4,349	)		(615	)

Changes in operating assets and liabilities:
Increase/(decrease) in other payables and accrued expenses		(4,730	)		—			4			1
Increase/(decrease) in contract liabilities		4,555			(1,223	)		(1,549	)		(218	)
(Increase)/decrease in prepaid expense and other receivables		21			22,800			8,754			1,233
(Increase)/decrease in accounts receivable and contract assets		216			—			—			—
(Increase)/decrease in amount due from related parties		83			(43	)		43			6

Net cash provided by/(used in) operating activities		(4,576	)		18,473			2,903			407

Cash flows from investing activities:
Investments in subsidiaries and consolidated VIEs		(247	)		—			—			—
Payments of inter-company balances		(161,216	)		(23,376	)		(6	)		(1	)

Net cash provided by/(used in) investing activities		(161,463	)		(23,376	)		(6	)		(1	)

Cash flows from financing activities:
Proceeds from exercise of options		497			—			560			79
Repurchase of Class A common shares		(3,003	)		(6,659	)		(13,392	)		(1,886	)
Proceeds from inter-company balances		—			—			9,461			1,333

Net cash provided by/(used in) financing activities		(2,506	)		(6,659	)		(3,371	)		(474	)

Effect of exchange rate changes on cash and cash equivalents		(2,381	)		884			158			22

Net increase/(decrease) in cash and cash equivalents and restricted cash		(170,926	)		(10,678	)		(316	)		(46	)
Total cash and cash equivalents and restricted cash at beginning of year		187,217			16,291			5,613			791

Total cash and cash equivalents and restricted cash at end of year		16,291			5,613			5,297			745

Short-term Borrowing (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Short-term Borrowing


	As of
	December 31, 2022		December 31, 2023
	RMB		RMB
Bank borrowings (1)		130,000		30,000
Current portion of long-term borrowings (2)		20,000		—

		150,000		30,000

(1)	The Group obtained short-term borrowings to support its operation. The borrowings bear interest rates ranging from 4.60% to 5.00% for the year ended December 31, 2022 and an interest rate of 3.20% for the year ended December 31, 2023.

Summary Of Long-Term Borrowings

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

Type

Maturity

Date

Principal

Amount

Interest
Rate

Per Annum

As of

December 31,
2022

December 31,
2023

RMB

Bank loan

May 19, 2023

20,000

4.75

20,000

—

Less: Current portion of long-term borrowings

(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://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482925/835-30-45-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482949/835-30-55-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480848/942-470-50-3

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-6

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-7

+ Details

Parent Company Only Condensed Financial Information - Condensed Cash Flow Statement (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Cash flows from operating activities:
Net profit/(loss)	¥ 70,188	$ 9,887	¥ (31,187)	¥ (107,666)
Adjustments to reconcile net profit/(loss) to net cash used in operating activities:
Unrealized exchange (income)/loss	436	61	79	59
Share of income/(loss) of subsidiaries and VIEs	(417)	(59)	2,200	(2,660)
Expected credit loss expenses	1,567	220	2,415	1,445
Increase/(decrease) in other payables and accrued expenses	(24,899)	(3,507)	(13,155)	29,860
Increase/(decrease) in contract liabilities	(1,306)	(184)	(3,202)	7,236
(Increase)/decrease in prepaid expense and other receivables	(21,815)	(3,072)	(22,786)	40,020
Net cash provided by/(used in) operating activities	137,351	19,345	(85,067)	(175,917)
Cash flows from investing activities:
Investments in subsidiaries and consolidated VIEs	0	0	10,000	33,614
Net cash provided by/(used in) investing activities	(61,023)	(8,594)	(56,286)	(80,926)
Cash flows from financing activities:
Proceeds from exercise of options	560	79	0	497
Repurchase of Class A common shares	13,392	1,886	6,659	3,003
Net cash provided by/(used in) financing activities	(133,555)	(18,811)	(101,133)	141,891
Effect of exchange rate changes on cash and cash equivalents	2,914	410	9,587	(5,012)
Net increase/(decrease) in cash and cash equivalents and restricted cash	(54,313)	(7,650)	(232,899)	(119,964)
Total cash and cash equivalents and restricted cash at beginning of year	376,085	52,970	608,984	728,948
Total cash and cash equivalents and restricted cash at end of year	321,772	45,320	376,085	608,984
Parent Company [Member]
Cash flows from operating activities:
Net profit/(loss)	70,188	9,884	(31,187)	(107,666)
Adjustments to reconcile net profit/(loss) to net cash used in operating activities:
Unrealized exchange (income)/loss	1			0
Share of income/(loss) of subsidiaries and VIEs	(74,541)	(10,499)	28,126	102,945
Expected credit loss expenses	3
Changes in operating assets and liabilities:	(4,349)	(615)	(3,061)	(4,721)
Increase/(decrease) in other payables and accrued expenses	4	1	0	(4,730)
Increase/(decrease) in contract liabilities	(1,549)	(218)	(1,223)	4,555
(Increase)/decrease in prepaid expense and other receivables	8,754	1,233	22,800	21
(Increase)/decrease in accounts receivable and contract assets			0	216
(Increase)/decrease in amount due from related parties	43	6	(43)	83
Net cash provided by/(used in) operating activities	2,903	407	18,473	(4,576)
Cash flows from investing activities:
Investments in subsidiaries and consolidated VIEs	0	0	0	(247)
Payments of inter-company balances	(6)	(1)	(23,376)	(161,216)
Net cash provided by/(used in) investing activities	(6)	(1)	(23,376)	(161,463)
Cash flows from financing activities:
Proceeds from exercise of options	560	79		497
Repurchase of Class A common shares	(13,392)	(1,886)	(6,659)	(3,003)
Proceeds from inter-company balances	9,461	1,333
Net cash provided by/(used in) financing activities	(3,371)	(474)	(6,659)	(2,506)
Effect of exchange rate changes on cash and cash equivalents	158	22	884	(2,381)
Net increase/(decrease) in cash and cash equivalents and restricted cash	(316)	(46)	(10,678)	(170,926)
Total cash and cash equivalents and restricted cash at beginning of year	5,613	791	16,291	187,217
Total cash and cash equivalents and restricted cash at end of year	¥ 5,297	$ 745	¥ 5,613	¥ 16,291

Selling Expense - Schedule of Selling Expense (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Selling Expense [Abstract]
Salaries and employment benefits	¥ 140,016		¥ 166,588	¥ 222,428
Advertising and marketing expenses	31,148		31,026	97,945
Rental and utilities expenses	17,169		15,358	13,781
Traveling expenses	3,209		1,911	3,734
Office expenses	3,085		4,086	5,623
Depreciation and amortizations	1,135		1,101	680
Business development	1,016		827	761
Share-based compensation expenses	286		1,041	(475)
Others	7,197		9,726	6,096
Total	¥ 204,261	$ 28,770	¥ 231,664	¥ 350,573

General and Administrative Expenses - Summary of General And Administrative Expenses (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
General and Administrative Expense [Abstract]
Salaries and employment benefits	¥ 54,608		¥ 59,484	¥ 87,321
Professional service expenses	19,676		18,858	31,868
Rental and utilities expenses	11,455		25,056	33,486
Depreciation and amortizations	7,668		11,448	2,195
Office expenses	5,077		6,177	8,532
Bad debt expense	3,517		2,415	1,445
Bank charges	3,419		3,048	7,955
Directors and Officers liability insurance premium	3,125		7,891	7,798
VAT Surcharge	2,869		3,529	6,954
Share-based compensation expenses	1,997		9,151	(665)
Traveling expenses	1,508		786	1,675
Other	4,485		6,872	9,055
Total	¥ 119,404	$ 16,818	¥ 154,715	¥ 197,619

Lease

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lease

21. Lease

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


	As of December 31, 2022		As of December 31, 2023
	RMB		RMB
Operating lease right-of-use assets		162,180		115,946
Operating lease liabilities		186,107		146,248

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 to 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 years ended December 31, 2021,2022 and 2023, total lease cost comprised of the following:


	For the Year Ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Operating lease cost		46,102		39,476		34,142
Short term lease cost		385		1,724		3,639

Total lease cost		46,487		41,200		37,781

The following table presents the maturity of the Group’s operating lease liabilities as of December 31, 2023:


	As of December 31, 2023
	RMB
2024		23,719
2025		21,943
2026		23,078
2027		24,274
2028		25,687
Thereafter		55,635

Total operating lease payments (undiscounted)		174,336
Less: Imputed interest		(28,088	)

Total operating lease liabilities (discounted)		146,248

As of December 31, 2023, 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,
	2022		2023
	RMB		RMB
Cash paid for amounts included in operating lease liabilities		24,554		21,312

Pursuant to the lease agreements dated in March, April and December 2023, 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 RMB5,923 in consolidated statements of comprehensive income/(loss). The decrease of lease liabilities constituted a

non-cash

financing activity.

Net profit/(loss) per share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock [Member]
Antidiluted securities	1,347,076	11,273,390	4,054,623
Stock Option [Member]
Antidiluted securities	5,279,732	20,246,077	0

Prepaid Expenses and Other Receivables and Other assets (Tables)

12 Months Ended

Dec. 31, 2023

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 prepaid expenses and other receivables and

non-current

portion presented as other assets:


	As of
	December 31, 2022			December 31, 2023
	RMB			RMB
Current portion:
Prepaid input value-added tax		32,083			18,317
VAT refund receivable		4,827			9,329
Rental and other deposits		9,609			9,732
Advances to suppliers		10,230			5,517
Interest receivables (a)		2,467			842
Advances to staff (b)		397			734
Directors and officers liability insurance premium		658			224
Claim advance on behalf of insurer		53			46
Prepayment for share repurchase		898			1,016
Advances to a third party (c)		10,000			33,000
Others		1,596			724

		72,818			79,481
Less: Allowance for doubtful accounts (d)		(1,000	)		(697	)

		71,818			78,784


	As of
	December 31, 2022		December 31, 2023
	RMB		RMB
Non-current portion:
Advances to long-term assets		279		419

		279		419

(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% for the year ended December 31, 2022 and at a fixed interest rate of 3.6% for the year ended December 31, 2023.

(d)	The movement of the Group’s allowance for doubtful accounts is summarized in note 18.

Principal Activities and Reorganization - Summary of Principal Subsidaries, Consolidated VIE and Subsidiaries of VIE (Detail)	12 Months Ended
	Dec. 31, 2023
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] \| 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] \| Synergy Wealth Management Limited [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation/ Establishment	Aug. 31, 2023
Place of Incorporation/ Establishment	Hong Kong
Percentage of Direct or Indirect Economic Interest	100.00%
Principal Activities	Insurance brokerage service
Subsidiaries [Member] \| Zhixuan International Management Consulting (Shenzhen) Co., Ltd. [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 and investment consulting 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 and investmentconsulting 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 development and internet information consulting 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 consulting and 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] \| 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 information consulting service
Variable Interest Entity, Not Primary Beneficiary [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 agency service
Variable Interest Entity, Not Primary Beneficiary [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 management and catering service

Accounts Receivable

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Accounts Receivable

4. Accounts receivable

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


	As of
	December 31, 2022			December 31, 2023
	RMB			RMB
Accounts receivable		255,251			179,967
Less: allowance for doubtful accounts (a)		(4,584	)		(1,673	)

Accounts receivable, net		250,667			178,294

(a)	The movement of the Group’s allowance for doubtful accounts is summarized in note 18.

Common Shares	12 Months Ended
Common Shares	Dec. 31, 2023
Equity [Abstract]
Common shares	14. 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, t he 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 March 2022 and March 2023, board of directors authorized a share repurchase program under which the Company may apply existing funds to purchase up to an aggregate of US$5 million worth of the Company’s ADSs over the next 12 months, depending on market conditions and in accordance with applicable laws and the Company’s securities trading policy. As of December 31, 2022 and 2023, the Company repurchased 826,730 ADSs in total (equivalent to 16,534,600 shares) and 2,343,397 ADSs in total (equivalent to 46,867,940 shares), respectively, and the costs of treasury stock were RMB15,306 and RMB28,580, respectively.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Prepaid expenses and other receivables and other assets

12 Months Ended

Dec. 31, 2023

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 prepaid expenses and other receivables and

non-current

portion presented as other assets:


	As of
	December 31, 2022			December 31, 2023
	RMB			RMB
Current portion:
Prepaid input value-added tax		32,083			18,317
VAT refund receivable		4,827			9,329
Rental and other deposits		9,609			9,732
Advances to suppliers		10,230			5,517
Interest receivables (a)		2,467			842
Advances to staff (b)		397			734
Directors and officers liability insurance premium		658			224
Claim advance on behalf of insurer		53			46
Prepayment for share repurchase		898			1,016
Advances to a third party (c)		10,000			33,000
Others		1,596			724

		72,818			79,481
Less: Allowance for doubtful accounts (d)		(1,000	)		(697	)

		71,818			78,784


	As of
	December 31, 2022		December 31, 2023
	RMB		RMB
Non-current portion:
Advances to long-term assets		279		419

		279		419

(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% for the year ended December 31, 2022 and at a fixed interest rate of 3.6% for the year ended December 31, 2023.

(d)	The movement of the Group’s allowance for doubtful accounts is summarized in note 18.

Short-term Borrowing - Summary of Short-term Borrowing (Parenthetical) (Detail)	Dec. 31, 2023	Dec. 31, 2022
Short-term Debt [Line Items]
Percentage of interest of short term borrowing	3.20%
Minimum [Member]
Short-term Debt [Line Items]
Percentage of interest of short term borrowing		4.60%
Maximum [Member]
Short-term Debt [Line Items]
Percentage of interest of short term borrowing		5.00%

Lease - Summary of Lease Cost (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lease, Cost [Abstract]
Operating lease cost	¥ 34,142	¥ 39,476	¥ 46,102
Short term lease cost	3,639	1,724	385
Total lease cost	¥ 37,781	¥ 41,200	¥ 46,487

Long-term Investments - Additional Information (Detail) - CNY (¥) ¥ in Thousands		1 Months Ended			12 Months Ended
	Jun. 01, 2021	Mar. 31, 2023	May 31, 2021	Mar. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary of Investment Holdings [Line Items]
Investments accounted for under equity method					¥ 42,167	¥ 41,749	¥ 33,949
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]
Payments to acquire equity interest in a private entity					10,000
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)
Gain on Sale of Investments		¥ 78
Private Equity Funds [Member] \| Right Time SPC [Member]
Summary of Investment Holdings [Line Items]
Fair Value Of Investment Income (Loss)					¥ 257	(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						¥ 4,900
Huibao Huipei [Member]
Summary of Investment Holdings [Line Items]
Payments to acquire equity interest in a private entity								¥ 2,450

Lease - Summary of Operating Lease Liabilities (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2024	¥ 23,719
2025	21,943
2026	23,078
2027	24,274
2028	25,687
Thereafter	55,635
Total operating lease payments (undiscounted)	174,336
Less: Imputed interest	(28,088)
Total operating lease liabilities (discounted)	¥ 146,248	¥ 186,107

Summary of Significant Accounting Policies - Summarized of Financial Information Group's Consolidated Financial Statements (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2020 CNY (¥)
Current assets
Cash and cash equivalent, net of allowance for doubtful accounts	¥ 249,258		¥ 277,168		$ 35,107
Restricted cash	42,307		98,917		5,959
Short-term investments	8,879		0		1,251
Contract assets, net of allowance for doubtful accounts	41,481		49,888		5,842
Account receivable, net of allowance for doubtful accounts	178,294		250,667		25,112
Insurance premium receivables, net of allowance for doubtful accounts	927		1,792		131
Amount due from related parties	383		489		54
Deferred costs	6,147		0		866
Prepaid expense and other receivables, net of allowance for doubtful accounts	78,784		71,818		11,096
Total current assets	606,460		750,739		85,418
Non-current assets
Restricted cash	29,687		0		4,181
Contract assets, net of allowance for doubtful accounts	12,495		6,634		1,760
Property, Plant and Equipment, net	54,107		38,518		7,621
Intangible assets, net	50,743		53,498		7,147
Long-term investments	76,688		77,305	¥ 73,001	10,801	¥ 46,084
Operating lease right-of-use assets	115,946		162,180		16,331
Goodwill	461		461		65
Other Assets	419		279		59
Total non-current assets	340,546		338,875		47,965
Total assets	947,006		1,089,614		133,383
Current liabilities
Short-term borrowings	30,000		150,000		4,225
Accounts payable	211,905		262,266		29,846
Insurance premium payables	37,514		27,567		5,284
Contract liabilities	2,728		4,034		384
Other payables and accrued expenses	34,850		58,251		4,909
Payroll and welfare payable	56,207		43,938		7,917
Income taxes payable	2,440		2,440		344
Operating lease liabilities	16,949		10,075		2,387
Amount due to related parties	2,451		495		345
Total current liabilities	395,044		559,066		55,641
Non-current liabilities
Deferred tax liabilities	12,048		12,491		1,697
Operating lease liabilities	129,299		176,032		18,211
Total non-current liabilities	141,547		188,523		19,936
Total liabilities	536,591		747,589		75,577
Shareholders' equity
Additional paid-in capital	905,958		904,935		127,602
Accumulated deficit	(458,237)		(531,127)		(64,541)
Total shareholders' equity attributable to Huize Holding Limited shareholders	405,153		340,879		57,066
Non-controlling interests	5,262		1,146		740
Total shareholders' equity	410,415		342,025	360,913	57,806	¥ 468,683
Total liabilities and shareholders' equity	947,006		1,089,614		$ 133,383
Operating revenue
Brokerage income	1,144,533	$ 161,204	1,108,652	2,232,253
Other income	51,019	7,186	49,256	12,763
Total operating revenue	1,195,552	168,390	1,157,908	2,245,016
Operating costs and expenses
Cost of revenue	(729,068)	(102,686)	(706,009)	(1,688,087)
Other cost	(19,938)	(2,808)	(28,282)	(2,670)
Total operating costs	(749,006)	(105,494)	(734,291)	(1,690,757)
Selling expenses	(204,261)	(28,770)	(231,664)	(350,573)
General and administrative expenses	(119,404)	(16,818)	(154,715)	(197,619)
Research and development expenses	(71,842)	(10,119)	(80,911)	(120,478)
Total operating costs and expenses	(1,144,513)	(161,201)	(1,201,581)	(2,359,427)
Operating income/(loss)	51,039	7,189	(43,673)	(114,411)
Other income/(expenses)
Interest income/(expenses)	2,789	393	(5,062)	(3,206)
Investment income/(loss)	(1,656)	(233)	(2,216)	(5,328)
Others, net	18,401	2,592	19,490	12,627
Profit before income tax, and share of (loss)/income of equity method investee	70,137	9,880	(31,540)	(110,377)
Share of (loss)/income of equity method investee	417	59	(2,200)	2,660
Net profit/(loss)	70,554	9,939	(33,740)	(107,717)
Net profit/(loss) attributable to non-controlling interests	366	52	(2,553)	(51)
Net profit/(loss) attributable to Huize Holding Limited	70,188	9,887	(31,187)	(107,666)
Net profit/(loss)	70,554	9,939	(33,740)	(107,717)
Foreign currency translation adjustment, net of tax	3,635	512	9,600	(5,323)
Comprehensive income/(loss)	74,189	10,451	(24,140)	(113,040)
Comprehensive income/(loss) attributable to non-controlling interests	366	52	(2,553)	(51)
Comprehensive income/(loss) attributable to Huize Holding Limited	73,823	10,399	(21,587)	(112,989)
Statement of Cash Flows [Abstract]
Net cash provided by/(used in) operating activities	137,351	19,345	(85,067)	(175,917)
Cash flows from investing activities:
Purchase of long-term investment	0	0	(10,000)	(33,614)
Purchase of short-term investment	(9,968)	(1,404)	0	0
Purchase of property, equipment and intangible assets	(30,524)	(4,299)	(16,823)	(38,061)
Proceeds from disposal of property, equipment and intangible assets	955	135	1,048	980
Acquisition of subsidiary, net of cash paid	(2,441)	(344)	(25,964)	(14,292)
Proceeds from disposal of investments	874	123	700	3,820
Cash received for disposal of subsidiary	1,645	232	3,640	0
Interests received	1,075	151	876	0
Others	361	51	237	241
Net cash provided by/(used in) investing activities	(61,023)	(8,594)	(56,286)	(80,926)
Cash flows from financing activities:
Proceeds from borrowings	37,000	5,211	270,200	184,000
Repayments of borrowings	(161,473)	(22,743)	(367,524)	(40,503)
Proceeds from exercise of share option	560	79	0	497
Net cash provided by/(used in) financing activities	(133,555)	(18,811)	(101,133)	141,891
Effect of exchange rate changes on cash and cash equivalents	2,914	410	9,587	(5,012)
Net increase/(decrease) in cash and cash equivalents and restricted cash	(54,313)	(7,650)	(232,899)	(119,964)
Total cash and cash equivalents and restricted cash at beginning of year	376,085	52,970	608,984	728,948
Total cash and cash equivalents and restricted cash at end of year	321,772	45,320	376,085	608,984
Related Party [Member]
Current assets
Amount due from related parties	734		397
Operating revenue
Total operating revenue	728		970
Huiye Tianze and Its Subsidiaries [Member]
Other income/(expenses)
Share of (loss)/income of equity method investee	417		(2,200)	2,660
Subsidiaries [Member]
Cash flows from financing activities:
Cash received by subsidiaries from minority shareholders	3,750	$ 528	2,850	900
Huiye Tianze and Its Subsidiaries [Member]
Current assets
Cash and cash equivalent, net of allowance for doubtful accounts	159,140		205,781
Restricted cash	42,307		55,458
Short-term investments	8,879		0
Contract assets, net of allowance for doubtful accounts	41,481		49,888
Account receivable, net of allowance for doubtful accounts	175,152		250,238
Insurance premium receivables, net of allowance for doubtful accounts	927		1,792
Deferred costs	6,147		0
Prepaid expense and other receivables, net of allowance for doubtful accounts	102,729		96,987
Total current assets	537,039		660,484
Non-current assets
Restricted cash	29,687		0
Contract assets, net of allowance for doubtful accounts	12,495		6,634
Property, Plant and Equipment, net	53,821		38,133
Intangible assets, net	45,447		50,851
Deferred tax assets	0		0
Long-term investments	66,667		66,250
Operating lease right-of-use assets	115,412		162,180
Goodwill	461		461
Other Assets	0		279
Total non-current assets	323,990		324,788
Total assets	861,029		985,272
Current liabilities
Short-term borrowings	30,000		150,000
Accounts payable	204,587		261,993
Insurance premium payables	37,514		27,567
Contract liabilities	945		702
Other payables and accrued expenses	171,706		195,136
Payroll and welfare payable	50,624		39,674
Income taxes payable	2,440		2,440
Operating lease liabilities	16,368		10,075
Total current liabilities	516,635		688,082
Non-current liabilities
Deferred tax liabilities	10,971		12,054
Operating lease liabilities	129,299		176,032
Total non-current liabilities	140,270		188,086
Total liabilities	656,905		876,168
Shareholders' equity
Common shares	44,766		44,766
Additional paid-in capital	472,775		470,553
Accumulated deficit	(318,679)		(407,361)
Total shareholders' equity attributable to Huize Holding Limited shareholders	198,862		107,958
Non-controlling interests	5,262		1,146
Total shareholders' equity	204,124		109,104
Total liabilities and shareholders' equity	861,029		985,272
Operating revenue
Brokerage income	1,124,872		1,107,090	2,231,388
Other income	48,450		49,223	11,494
Total operating revenue	1,173,322		1,156,313	2,242,882
Operating costs and expenses
Cost of revenue	(711,917)		(705,067)	(1,687,770)
Other cost	(18,919)		(28,282)	(2,670)
Total operating costs	(730,836)		(733,349)	(1,690,440)
Selling expenses	(201,608)		(230,414)	(346,305)
General and administrative expenses	(101,135)		(136,519)	(172,822)
Research and development expenses	(71,842)		(80,911)	(120,478)
Total operating costs and expenses	(1,105,421)		(1,181,193)	(2,330,045)
Operating income/(loss)	67,901		(24,880)	(87,163)
Other income/(expenses)
Interest income/(expenses)	841		(5,592)	(4,092)
Investment income/(loss)	(1,477)		568	(1,369)
Others, net	18,400		17,941	12,627
Profit before income tax, and share of (loss)/income of equity method investee	85,665		(11,963)	(79,997)
Net profit/(loss)	86,082		(14,163)	(77,337)
Net profit/(loss) attributable to non-controlling interests	366		(2,553)	(51)
Net profit/(loss) attributable to Huize Holding Limited	85,716		(11,610)	(77,286)
Net profit/(loss)	86,082		(14,163)	(77,337)
Foreign currency translation adjustment, net of tax	0		0	0
Comprehensive income/(loss)	86,082		(14,163)	(77,337)
Comprehensive income/(loss) attributable to non-controlling interests	366		(2,553)	(51)
Comprehensive income/(loss) attributable to Huize Holding Limited	85,716		(11,610)	(77,286)
Statement of Cash Flows [Abstract]
Net cash provided by/(used in) operating activities	149,531		(69,094)	(152,844)
Cash flows from investing activities:
Purchase of long-term investment	0		(10,000)	(22,601)
Purchase of short-term investment	(9,968)		0	0
Purchase of property, equipment and intangible assets	(30,090)		(16,773)	(37,359)
Proceeds from disposal of property, equipment and intangible assets	955		1,044	961
Acquisition of subsidiary, net of cash paid	0		(25,964)	(11,805)
Payments of inter-company balances	0		0	(5,050)
Proceeds from disposal of investments	0		700	890
Cash received for disposal of subsidiary	1,645		3,640	0
Advances to a third party	(23,000)		(26,000)	0
Repayment from a third party	0		16,000	0
Interests received	1,075		876	0
Others	361		237	241
Net cash provided by/(used in) investing activities	(59,022)		(56,240)	(74,723)
Cash flows from financing activities:
Proceeds from borrowings	37,000		270,200	184,000
Repayments of borrowings	(161,473)		(367,524)	(40,503)
Proceeds from inter-company balances	604		6,041	128,000
Proceeds from exercise of share option	0		0	247
Net cash provided by/(used in) financing activities	(120,119)		(88,433)	272,644
Effect of exchange rate changes on cash and cash equivalents	0		0	0
Net increase/(decrease) in cash and cash equivalents and restricted cash	(29,610)		(213,767)	45,077
Total cash and cash equivalents and restricted cash at beginning of year	261,239		475,006	429,929
Total cash and cash equivalents and restricted cash at end of year	231,629		261,239	475,006
Huiye Tianze and Its Subsidiaries [Member] \| Related Party [Member]
Current assets
Amount due from related parties	277		340
Current liabilities
Amount due to related parties	2,451		495
Huiye Tianze and Its Subsidiaries [Member] \| Subsidiaries [Member]
Cash flows from financing activities:
Cash received by subsidiaries from minority shareholders	¥ 3,750		¥ 2,850	¥ 900

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Summarized of Financial Information Group's Consolidated Financial Statements

Selected Condensed Consolidated Balance Sheets Information


	As of
	December 31, 2022		December 31, 2023
	RMB		RMB
Assets
Current assets
Cash and cash equivalent, net of allowance for doubtful accounts		205,781		159,140
Restricted cash		55,458		42,307
Short-term investments		—		8,879
Contract assets, net of allowance for doubtful accounts		49,888		41,481
Account receivable, net of allowance for doubtful accounts		250,238		175,152
Insurance premium receivables, net of allowance for doubtful accounts		1,792		927
Amount due from related parties		340		277
Deferred costs		—		6,147
Prepaid expense and other receivables, net of allowance for doubtful accounts		96,987		102,729

Total current assets		660,484		537,039

Non-current assets
Restricted cash		—		29,687
Contract assets, net of allowance for doubtful accounts		6,634		12,495
Property, Plant and Equipment, net		38,133		53,821
Intangible assets, net		50,851		45,447
Deferred tax assets		—		—
Long-term investments		66,250		66,667
Operating lease right-of-use assets		162,180		115,412
Goodwill		461		461
Other Assets		279		—

Total non-current assets		324,788		323,990

Total assets		985,272		861,029


	As of
	December 31, 2022			December 31, 2023
	RMB			RMB
Liabilities and Shareholders’ Equity
Short-term borrowings		150,000			30,000
Accounts payable		261,993			204,587
Insurance premium payables		27,567			37,514
Contract liabilities		702			945
Other payables and accrued expenses		195,136			171,706
Payroll and welfare payable		39,674			50,624
Income taxes payable		2,440			2,440
Operating lease liabilities		10,075			16,368
Amount due to related parties		495			2,451

Total current liabilities		688,082			516,635

Non-current liabilities
Deferred tax liabilities		12,054			10,971
Operating lease liabilities		176,032			129,299

Total non-current liabilities		188,086			140,270

Total liabilities		876,168			656,905

Shareholders’ equity
Common shares		44,766			44,766
Additional paid-in capital		470,553			472,775
Accumulated deficit		(407,361	)		(318,679	)

Total shareholders’ equity attributable to Huize Holding Limited shareholders		107,958			198,862
Non-controlling interests		1,146			5,262

Total shareholders’ equity		109,104			204,124

Total liabilities and shareholders’ equity		985,272			861,029

Selected Condensed Consolidated Statements of Income/(loss) Information


	For the Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Operating revenue
Brokerage income		2,231,388			1,107,090			1,124,872
Other income		11,494			49,223			48,450

Total operating revenue		2,242,882			1,156,313			1,173,322

Operating costs and expenses
Cost of revenue		(1,687,770	)		(705,067	)		(711,917	)
Other cost		(2,670	)		(28,282	)		(18,919	)

Total operating costs		(1,690,440	)		(733,349	)		(730,836	)
Selling expenses		(346,305	)		(230,414	)		(201,608	)
General and administrative expenses		(172,822	)		(136,519	)		(101,135	)
Research and development expenses		(120,478	)		(80,911	)		(71,842	)

Total operating costs and expenses		(2,330,045	)		(1,181,193	)		(1,105,421	)

Operating income/(loss)		(87,163	)		(24,880	)		67,901

Other income/(expenses)
Interest income/(expenses)		(4,092	)		(5,592	)		841
Investment income/(loss)		(1,369	)		568			(1,477	)
Others, net		12,627			17,941			18,400

Profit/(loss) before income tax, and share of income /(loss) of equity method investee		(79,997	)		(11,963	)		85,665

Share of income/(loss) of equity method investee		2,660			(2,200	)		417

Net profit/(loss)		(77,337	)		(14,163	)		86,082

Net profit/(loss) attributable to non-controlling interests		(51	)		(2,553	)		366

Net profit/(loss) attributable to Huize Holding Limited		(77,286	)		(11,610	)		85,716

Net profit/(loss)		(77,337	)		(14,163	)		86,082
Foreign currency translation adjustment, net of tax		—			—			—

Comprehensive income/(loss)		(77,337	)		(14,163	)		86,082

Comprehensive income/(loss) attributable to non-controlling interests		(51	)		(2,553	)		366

Comprehensive income/(loss) attributable to Huize Holding Limited		(77,286	)		(11,610	)		85,716

Selected Condensed Consolidated Cash Flows Information


	For the Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Net cash provided by/(used in) operating activities		(152,844	)		(69,094	)		149,531

Cash flows from investing activities:
Purchase of long-term investment		(22,601	)		(10,000	)		—
Purchase of short-term investment		—			—			(9,968	)
Purchase of property, equipment and intangible assets		(37,359	)		(16,773	)		(30,090	)
Proceeds from disposal of property, equipment and intangible assets		961			1,044			955
Acquisition of subsidiary, net of cash paid		(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			1,645
Advances to a third party		—			(26,000	)		(23,000	)
Repayment from a third party		—			16,000			—
Interests received		—			876			1,075
Others		241			237			361

Net cash provided by/(used in) investing activities		(74,723	)		(56,240	)		(59,022	)

Cash flows from financing activities:
Proceeds from borrowings		184,000			270,200			37,000
Repayments of borrowings		(40,503	)		(367,524	)		(161,473	)
Proceeds from inter-company balances		128,000			6,041			604
Proceeds from exercise of share option		247			—			—
Cash received by subsidiaries from minority shareholders		900			2,850			3,750

Net cash provided by/(used in) financing activities		272,644			(88,433	)		(120,119	)

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

Net increase/(decrease) in cash and cash equivalents and restricted cash		45,077			(213,767	)		(29,610	)
Total cash and cash equivalents and restricted cash at beginning of year		429,929			475,006			261,239

Total cash and cash equivalents and restricted cash at end of year		475,006			261,239			231,629

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


Category	Estimated useful life		Residual value
Buildings		32 years		5%
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
	2021		%			2022		%			2023		%
	RMB					RMB					RMB
Customer A		715,287		32	%		309,781		27	%		290,351		24	%
Customer H		186,036		8	%		60,402		5	%		138,125		12	%
Customer K		489,862		22	%		140,991		12	%		80,427		7	%

		1,391,185		62	%		511,174		44	%		508,903		43	%

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


	As of December, 31
	2022		%			2023		%
	RMB					RMB
Customer A		32,456		13	%		47,177		26	%
Customer K		47,941		19	%		26,314		15	%
Customer M		37,531		15	%		20,659		12	%

		117,928		47	%		94,150		53	%

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
	2022		%			2023		%
	RMB					RMB
Bank A		154,381		41	%		136,110		42	%
Bank B		73,255		19	%		82,861		26	%
Bank C		67,444		18	%		34,935		11	%
Bank D		40,917		11	%		—		—

		335,997		89	%		253,906		79	%

Net profit/(loss) per share (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥) ¥ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares
Numerator:
Net profit/(loss)	¥ 70,554	$ 9,939	¥ (33,740)	¥ (107,717)
Less: Net profit/(loss) attributable to non-controlling interests	366	52	(2,553)	(51)
Net profit/(loss) attributable to common shares and redeemable preferred shares	70,188	9,887	(31,187)	(107,666)
Net profit/(loss) attributable to common shareholders-Basic and diluted	¥ 70,188	$ 9,887	¥ (31,187)	¥ (107,666)
Denominator:
Denominator for basic profit/(loss) per share weighted-average common shares outstanding	1,000,940,698	1,000,940,698	1,021,958,881	1,021,861,206
Denominator for diluted profit/(loss) per share weighted-average common shares outstanding	1,000,940,698	1,000,940,698	1,021,958,881	1,021,861,206
Basic profit/(loss) per share \| (per share)	¥ 0.07	$ 0.01	¥ (0.03)	¥ (0.11)
Diluted profit/(loss) per share \| (per share)	¥ 0.07	$ 0.01	¥ (0.03)	¥ (0.11)

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of significant accounting policies

(a) Basis of presentation

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

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, 2022		December 31, 2023
	RMB		RMB
Assets
Current assets
Cash and cash equivalent, net of allowance for doubtful accounts		205,781		159,140
Restricted cash		55,458		42,307
Short-term investments		—		8,879
Contract assets, net of allowance for doubtful accounts		49,888		41,481
Account receivable, net of allowance for doubtful accounts		250,238		175,152
Insurance premium receivables, net of allowance for doubtful accounts		1,792		927
Amount due from related parties		340		277
Deferred costs		—		6,147
Prepaid expense and other receivables, net of allowance for doubtful accounts		96,987		102,729

Total current assets		660,484		537,039

Non-current assets
Restricted cash		—		29,687
Contract assets, net of allowance for doubtful accounts		6,634		12,495
Property, Plant and Equipment, net		38,133		53,821
Intangible assets, net		50,851		45,447
Deferred tax assets		—		—
Long-term investments		66,250		66,667
Operating lease right-of-use assets		162,180		115,412
Goodwill		461		461
Other Assets		279		—

Total non-current assets		324,788		323,990

Total assets		985,272		861,029


	As of
	December 31, 2022			December 31, 2023
	RMB			RMB
Liabilities and Shareholders’ Equity
Short-term borrowings		150,000			30,000
Accounts payable		261,993			204,587
Insurance premium payables		27,567			37,514
Contract liabilities		702			945
Other payables and accrued expenses		195,136			171,706
Payroll and welfare payable		39,674			50,624
Income taxes payable		2,440			2,440
Operating lease liabilities		10,075			16,368
Amount due to related parties		495			2,451

Total current liabilities		688,082			516,635

Non-current liabilities
Deferred tax liabilities		12,054			10,971
Operating lease liabilities		176,032			129,299

Total non-current liabilities		188,086			140,270

Total liabilities		876,168			656,905

Shareholders’ equity
Common shares		44,766			44,766
Additional paid-in capital		470,553			472,775
Accumulated deficit		(407,361	)		(318,679	)

Total shareholders’ equity attributable to Huize Holding Limited shareholders		107,958			198,862
Non-controlling interests		1,146			5,262

Total shareholders’ equity		109,104			204,124

Total liabilities and shareholders’ equity		985,272			861,029

Selected Condensed Consolidated Statements of Income/(loss) Information


	For the Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Operating revenue
Brokerage income		2,231,388			1,107,090			1,124,872
Other income		11,494			49,223			48,450

Total operating revenue		2,242,882			1,156,313			1,173,322

Operating costs and expenses
Cost of revenue		(1,687,770	)		(705,067	)		(711,917	)
Other cost		(2,670	)		(28,282	)		(18,919	)

Total operating costs		(1,690,440	)		(733,349	)		(730,836	)
Selling expenses		(346,305	)		(230,414	)		(201,608	)
General and administrative expenses		(172,822	)		(136,519	)		(101,135	)
Research and development expenses		(120,478	)		(80,911	)		(71,842	)

Total operating costs and expenses		(2,330,045	)		(1,181,193	)		(1,105,421	)

Operating income/(loss)		(87,163	)		(24,880	)		67,901

Other income/(expenses)
Interest income/(expenses)		(4,092	)		(5,592	)		841
Investment income/(loss)		(1,369	)		568			(1,477	)
Others, net		12,627			17,941			18,400

Profit/(loss) before income tax, and share of income /(loss) of equity method investee		(79,997	)		(11,963	)		85,665

Share of income/(loss) of equity method investee		2,660			(2,200	)		417

Net profit/(loss)		(77,337	)		(14,163	)		86,082

Net profit/(loss) attributable to non-controlling interests		(51	)		(2,553	)		366

Net profit/(loss) attributable to Huize Holding Limited		(77,286	)		(11,610	)		85,716

Net profit/(loss)		(77,337	)		(14,163	)		86,082
Foreign currency translation adjustment, net of tax		—			—			—

Comprehensive income/(loss)		(77,337	)		(14,163	)		86,082

Comprehensive income/(loss) attributable to non-controlling interests		(51	)		(2,553	)		366

Comprehensive income/(loss) attributable to Huize Holding Limited		(77,286	)		(11,610	)		85,716

Selected Condensed Consolidated Cash Flows Information


	For the Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Net cash provided by/(used in) operating activities		(152,844	)		(69,094	)		149,531

Cash flows from investing activities:
Purchase of long-term investment		(22,601	)		(10,000	)		—
Purchase of short-term investment		—			—			(9,968	)
Purchase of property, equipment and intangible assets		(37,359	)		(16,773	)		(30,090	)
Proceeds from disposal of property, equipment and intangible assets		961			1,044			955
Acquisition of subsidiary, net of cash paid		(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			1,645
Advances to a third party		—			(26,000	)		(23,000	)
Repayment from a third party		—			16,000			—
Interests received		—			876			1,075
Others		241			237			361

Net cash provided by/(used in) investing activities		(74,723	)		(56,240	)		(59,022	)

Cash flows from financing activities:
Proceeds from borrowings		184,000			270,200			37,000
Repayments of borrowings		(40,503	)		(367,524	)		(161,473	)
Proceeds from inter-company balances		128,000			6,041			604
Proceeds from exercise of share option		247			—			—
Cash received by subsidiaries from minority shareholders		900			2,850			3,750

Net cash provided by/(used in) financing activities		272,644			(88,433	)		(120,119	)

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

Net increase/(decrease) in cash and cash equivalents and restricted cash		45,077			(213,767	)		(29,610	)
Total cash and cash equivalents and restricted cash at beginning of year		429,929			475,006			261,239

Total cash and cash equivalents and restricted cash at end of year		475,006			261,239			231,629

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.

pre-IPO

catch-all

•

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.

non-controlling

interests

non-controlling

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

non-controlling

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.

(d) Use of estimates

(e) Comprehensive income and foreign currency translation

period-end

(f) Convenience translation

(g) Cash and cash equivalents

(h) Restricted cash

non-current

RMB24,880 and RMB29,891 (US$ 4,210) as of December 31, 2022 and as of December 31, 2023.

(i) Short-term investments

(j) Accounts receivable

On January 1, 2023, the Group adopted ASC Topic 326 which replaces the incurred loss methodology with the current expected credit loss (“CECL”) methodology as described in note 2(k).

(k) Current expected credit losses

(l) Insurance premium receivables

(m) Deferred costs

The costs relate directly to a contract or to an anticipated contract that the Group can specifically identify.

The costs generate or enhance resources of the Group that will be used in satisfying (or in continuing to satisfy) performance obligations in the future.

The costs are expected to be recovered.

The deferred costs are amortized on a systematic basis that is consistent with the transfer to the customer of the goods or services to which the deferred costs relate.

(n) 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.

(o) Property, plant and equipment, net


Category	Estimated useful life		Residual value
Buildings		32 years		5%
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

(p) Intangible assets, net


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

(q) Impairment of long-lived assets

(r) Goodwill

350-20-35,

two-step

(s) Asset acquisition

(t) 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 value

(iii)

Equity investments measured at measurement alternative and NAV practical expedient

2016-01.

(u) Short-term and long-term borrowings

(v) Insurance premium payables

(w) Lease

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:

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

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:

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

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.

•

(x) Share-based compensation

Employee share-based compensation

re-measured

pro-rated

for the portion of the requisite service period rendered.

(y) Employee benefit plans

(z) 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

(aa) Cost of revenue

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

(bb) Selling expenses

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

(cc) General and administrative Expenses

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

(dd) Research and development expenses

(ee) Others, net

Others, net, mainly consist of

non-operating

income and expenses. During the year ended December 31, 2023, it was composed primarily of RMB11,945 government subsidies and RMB5,706 gain on termination of lease contracts.

(ff) Taxation

For a particular

tax-paying

more-likely-than-not

(gg) 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

(hh) Segment reporting

(ii) Significant risk and uncertainties

Currency risk

Concentration of Credit Risk

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


	Year Ended December 31
	2021		%			2022		%			2023		%
	RMB					RMB					RMB
Customer A		715,287		32	%		309,781		27	%		290,351		24	%
Customer H		186,036		8	%		60,402		5	%		138,125		12	%
Customer K		489,862		22	%		140,991		12	%		80,427		7	%

		1,391,185		62	%		511,174		44	%		508,903		43	%

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


	As of December, 31
	2022		%			2023		%
	RMB					RMB
Customer A		32,456		13	%		47,177		26	%
Customer K		47,941		19	%		26,314		15	%
Customer M		37,531		15	%		20,659		12	%

		117,928		47	%		94,150		53	%

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

Concentration of Credit Risk (Continued)

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
	2022		%			2023		%
	RMB					RMB
Bank A		154,381		41	%		136,110		42	%
Bank B		73,255		19	%		82,861		26	%
Bank C		67,444		18	%		34,935		11	%
Bank D		40,917		11	%		—		—

		335,997		89	%		253,906		79	%

Interest rate risk

(jj) Recent accounting pronouncements

In August 2020, the FASB issued ASU

No. 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)”.

In June 2022, the FASB issued ASU No

2022-03,

In November 2023, the FASB issued ASU No

2023-07,

In December 2023, the FASB issued ASU No

2023-09,

General and Administrative Expenses - Summary of the Movement of Group's Allowance for Doubtful Accounts (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
General And Administrative Expense [Line Items]
Beginning balance, Cash and cash equivalents	¥ 551	¥ 0
Additional allowance, net of recoveries for Cash and cash equivalents	(31)	0
Ending balance, Cash and cash equivalents	520	551
Beginning balance, Contract assets	478	0
Additional allowance, net of recoveries for Contract assets	93	0
Ending balance, Contract assets	571	478
Beginning balance, Accounts receivable	1,656	3,169
Additional allowance, net of recoveries for Accounts receivable	17	1,415
Ending balance, Accounts receivable	1,673	1,656
Beginning balance, Insurance premium receivables	0	0
Additional allowance, net of recoveries for Insurance premium receivables	988	0
Ending balance, Insurance premium receivables	988	0
Beginning balance, Other receivables	197	0
Additional allowance, net of recoveries for Other receivables	500	1,000
Ending balance, Other receivables	697	197
Beginning balance	2,882	3,169
Additional allowance, net of recoveries	1,567	2,415
Ending balance	4,449	2,882
Accounting Standards Update 2016-13 [Member]
General And Administrative Expense [Line Items]
Adjustments due to the adoption of ASC 326, Cash and cash equivalents		551
Adjustments due to the adoption of ASC 326, Contract assets		478
Adjustments due to the adoption of ASC 326, Accounts receivable		(2,928)
Adjustments due to the adoption of ASC 326, Insurance premium receivables		0
Adjustments due to the adoption of ASC 326, Other receivables		(803)
Adjustments due to the adoption of ASC 326		(2,702)
Previously Reported [Member]
General And Administrative Expense [Line Items]
Beginning balance, Cash and cash equivalents	0
Ending balance, Cash and cash equivalents		0
Beginning balance, Contract assets	0
Ending balance, Contract assets		0
Beginning balance, Accounts receivable	4,584
Ending balance, Accounts receivable		4,584
Beginning balance, Insurance premium receivables	0
Ending balance, Insurance premium receivables		0
Beginning balance, Other receivables	1,000
Ending balance, Other receivables		1,000
Beginning balance	¥ 5,584
Ending balance		¥ 5,584

Share-based Compensation - Summary of Assumptions Used to Determine Fair Value of Share Options Granted (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Exercise price (US$)	$ 0.0589	$ 0.1616
Expected forfeiture rate (post-vesting)	11.52%	5.86%
Expected volatility	52.10%	51.70%
Excepted term (in years)	8 years 18 days	7 years 8 months 1 day
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	3.8875%	3.9302%

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Fair Value Assets Measured on Recurring Basis

The following tables set forth, by level within the fair value hierarchy, financial assets measured at fair value as of December 31, 2023. 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, 2023

Level 1

Level 2

Level 3

Total

RMB

Listed equity securities, short term (a)

8,879

—

8,879

As of December 31, 2022

Level 1

Level 2

Level 3

Total

RMB

Listed equity securities, long term (b)

808

—

808

(a)	Included in short-term investments on the Group’s consolidated balance sheets.

(b)	Included in long-term investments on the Group’s consolidated balance sheets.

Income Taxes - Summary of Reconciliation of Income Tax Expense (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Profit/(Loss) before income tax	¥ 70,554		¥ (33,740)	¥ (107,717)
Tax expense/(benefit) at EIT tax rate of 25%	17,639		(8,435)	(26,929)
Effect of different tax rates applicable to different subsidiaries of the Group	4,785		827	(3,195)
Changes in valuation allowance	(7,578)		16,154	37,948
Income not subject to tax	(895)		(59)	(769)
Expenses not deductible for tax purposes	1,955		5,608	2,872
Research and development tax credit	(15,906)		(12,442)	(12,627)
Effect on deferred tax assets due to change in tax rates	0		0	2,700
Income tax expense	¥ 0	$ 0	¥ 0	¥ 0

- 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
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

- Definition

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

+ References + Details

Long-term Investments (Tables)

12 Months Ended

Dec. 31, 2023

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, 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

Balances at January 1, 2023		33,695			41,749			808			1,053			77,305
Share of earnings/(loss) of an equity investee		—			417			—			—			417
Fair value change		—			—			—			(257	)		(257	)
Realized gain/(loss)		—			—			78			—			78
Exchange adjustments		—			—			(12	)		31			19
Disposal		—			—			(874	)		—			(874	)

Balances at December 31, 2023		33,695			42,166			—			827			76,688

Parent Company Only Condensed Financial Information - Summary of Condensed Balance sheet (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)
Assets [Abstract]
Cash and cash equivalent, net of allowance for doubtful accounts	¥ 249,258	$ 35,107	¥ 277,168
Prepaid expense and other receivables, net of allowance for doubtful accounts	78,784	11,096	71,818
Long-term investments	76,688	10,801	77,305	¥ 73,001	¥ 46,084
Total assets	947,006	133,383	1,089,614
Liabilities and Shareholders' equity
Other payables and accrued expenses	34,850	4,909	58,251
Contract liabilities	352		258
Payroll and welfare payable	200	28	0
Total liabilities	536,591	75,577	747,589
Shareholders' equity
Treasury stock (16,534,600 shares and 46,867,940 shares as of December 31, 2022 and December 31, 2023, respectively)	(28,580)	(4,025)	(15,306)
Additional paid-in capital	905,958	127,602	904,935
Accumulated other comprehensive loss	(14,060)	(1,980)	(17,695)
Accumulated deficit	(458,237)	(64,541)	(531,127)
Total shareholders' equity attributable to Huize Holding Limited shareholders	405,153	57,066	340,879
Total liabilities and shareholders' (deficit)/equity	947,006	133,383	1,089,614
Related Party [Member]
Assets [Abstract]
Amount due from related parties	383		489
Common Class A [Member]
Shareholders' equity
Common Stock Value	62	9	62
Common Class B [Member]
Shareholders' equity
Common Stock Value	10	1	10
Parent Company [Member]
Assets [Abstract]
Cash and cash equivalent, net of allowance for doubtful accounts	5,296	746	5,613
Prepaid expense and other receivables, net of allowance for doubtful accounts	306,894	43,227	316,172
Long-term investments	118,319	16,665	44,307
Total assets	430,615	60,653	366,241
Liabilities and Shareholders' equity
Other payables and accrued expenses	17,896	2,521	17,892
Contract liabilities	1,783	251	3,332
Payroll and welfare payable	5,783	815	4,138
Total liabilities	25,462	3,587	25,362
Shareholders' equity
Treasury stock (16,534,600 shares and 46,867,940 shares as of December 31, 2022 and December 31, 2023, respectively)	(28,580)	(4,025)	(15,306)
Additional paid-in capital	905,958	127,602	904,935
Accumulated other comprehensive loss	(14,060)	(1,980)	(17,695)
Accumulated deficit	(458,237)	(64,541)	(531,127)
Total shareholders' equity attributable to Huize Holding Limited shareholders	405,153	57,066	340,879
Total liabilities and shareholders' (deficit)/equity	430,615	60,653	366,241
Parent Company [Member] \| Related Party [Member]
Assets [Abstract]
Amount due from related parties	106	15	149
Parent Company [Member] \| Common Class A [Member]
Shareholders' equity
Common Stock Value	62	9	62
Parent Company [Member] \| Common Class B [Member]
Shareholders' equity
Common Stock Value	¥ 10	$ 1	¥ 10

Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2023

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, 2022			December 31, 2023
	RMB			RMB
Accounts receivable		255,251			179,967
Less: allowance for doubtful accounts (a)		(4,584	)		(1,673	)

Accounts receivable, net		250,667			178,294

(a)	The movement of the Group’s allowance for doubtful accounts is summarized in note 18.

Principal Activities and Reorganization

12 Months Ended

Dec. 31, 2023

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 is 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, 2023 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
Synergy Wealth Management Limited	August 31, 2023	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
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
Shanghai Huiju Haoshi Information Technology Co., Ltd	October 12, 2021	PRC	80%	Internet information 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

Consolidated Statements of Comprehensive Income/(Loss) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥) ¥ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares
Operating revenue
Brokerage income	¥ 1,144,533	$ 161,204	¥ 1,108,652	¥ 2,232,253
Other income	51,019	7,186	49,256	12,763
Total operating revenue	1,195,552	168,390	1,157,908	2,245,016
Operating costs and expenses
Cost of revenue	(729,068)	(102,686)	(706,009)	(1,688,087)
Other cost	(19,938)	(2,808)	(28,282)	(2,670)
Total operating costs	(749,006)	(105,494)	(734,291)	(1,690,757)
Selling expenses	(204,261)	(28,770)	(231,664)	(350,573)
General and administrative expenses	(119,404)	(16,818)	(154,715)	(197,619)
Research and development expenses	(71,842)	(10,119)	(80,911)	(120,478)
Total operating costs and expenses	(1,144,513)	(161,201)	(1,201,581)	(2,359,427)
Operating income/(loss)	51,039	7,189	(43,673)	(114,411)
Other income/(expenses)
Interest income/(expenses)	2,789	393	(5,062)	(3,206)
Unrealized exchange income/(loss)	(436)	(61)	(79)	(59)
Investment income/(loss)	(1,656)	(233)	(2,216)	(5,328)
Others, net	18,401	2,592	19,490	12,627
Profit/(Loss) before income tax, and share of income/(loss) of equity method investee	70,137	9,880	(31,540)	(110,377)
Income tax expense	0	0	0	0
Share of income/(loss) of equity method investee	417	59	(2,200)	2,660
Net profit/(loss)	70,554	9,939	(33,740)	(107,717)
Net profit/(loss) attributable to non-controlling interests	366	52	(2,553)	(51)
Net profit/(loss) attributable to Huize Holding Limited	70,188	9,887	(31,187)	(107,666)
Net profit/(loss) attributable to common shareholders	70,188	9,887	(31,187)	(107,666)
Net profit/(loss)	70,554	9,939	(33,740)	(107,717)
Foreign currency translation adjustment, net of tax	3,635	512	9,600	(5,323)
Comprehensive income/(loss)	74,189	10,451	(24,140)	(113,040)
Comprehensive income/(loss) attributable to non-controlling interests	366	52	(2,553)	(51)
Comprehensive income/(loss) attributable to Huize Holding Limited	¥ 73,823	$ 10,399	¥ (21,587)	¥ (112,989)
Weighted average number of common shares used in computing net profit/(loss) per share
Basic	1,000,940,698	1,000,940,698	1,021,958,881	1,021,861,206
Diluted	1,000,940,698	1,000,940,698	1,021,958,881	1,021,861,206
Net profit/(loss) per share attributable to common shareholders
Basic \| (per share)	¥ 0.07	$ 0.01	¥ (0.03)	¥ (0.11)
Diluted \| (per share)	¥ 0.07	$ 0.01	¥ (0.03)	¥ (0.11)

Investment income/(loss) - Summary of Investment Income (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Net Investment Income [Line Items]
Fair value change	¥ (257)		¥ (2,784)	¥ (4,224)
Dividends received from equity investments	361		237	241
Impairment loss related to equity investments measured under measurement alternative				(1,610)
Realized gain/(loss) related to the investments accounted for at fair value	78			265
Gain on disposal of subsidiary	(749)	$ (105)	331	0
Total	(1,656)	$ (233)	(2,216)	(5,328)
Equity investments [Member]
Net Investment Income [Line Items]
Fair value change	(257)		(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	78			¥ 265
Short-term investments [Member]
Net Investment Income [Line Items]
Fair value change	¥ (1,089)

Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2023

Condensed Financial Information Disclosure [Abstract]

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

24. 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.

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, 2023. The subsidiaries did not pay any dividend to the Company for the years presented.

Balance sheet


	As of December 31,
	2022			2023
	RMB			RMB			US$ Note 2(f)
Assets
Cash and cash equivalent, net of allowance for doubtful accounts		5,613			5,296			746
Amount due from related parties		149			106			15
Prepaid expense and other receivables, net of allowance for doubtful accounts		316,172			306,894			43,227
Long-term investments		44,307			118,319			16,665

Total assets		366,241			430,615			60,653

Liabilities and Shareholders’ equity
Other payables and accrued expenses		17,892			17,896			2,521
Contract liabilities		3,332			1,783			251
Payroll and welfare payable		4,138			5,783			815

Total liabilities		25,362			25,462			3,587

Shareholders’ equity
Class A common shares (US$0.00001 par value; 7,000,000,000 shares authorized as of December 31, 2022 and 2023, respectively; 894,456,046 shares issued as of December 31, 2022 and 2023, respectively; 873,068,986 shares and 843,968,206 shares outstanding as of December 31, 2022 and 2023, respectively)		62			62			9
Class B common shares (US$0.00001 par value; 800,000,000 shares authorized as of December 31, 2022 and 2023, respectively; 150,591,207 shares issued and outstanding as of December 31, 2022 and 2023, respectively)		10			10			1
Treasury stock (16,534,600 shares and 46,867,940 shares as of December 31, 2022 and December 31, 2023, respectively)		(15,306	)		(28,580	)		(4,025	)
Additional paid-in capital		904,935			905,958			127,602
Accumulated other comprehensive loss		(17,695	)		(14,060	)		(1,980	)
Accumulated deficit		(531,127	)		(458,237	)		(64,541	)

Total shareholders’ equity		340,879			405,153			57,066

Total liabilities and shareholders’ equity		366,241			430,615			60,653

Statement of Comprehensive Income/(Loss)


	Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB			US$ Note 2(f)
Operating revenue
Other income		1,269			1,553			1,643			231

Total operating revenue		1,269			1,553			1,643			231

Operating cost and expenses
General and administrative expenses		(5,994	)		(4,614	)		(5,996	)		(846	)

Operating loss		(4,725	)		(3,061	)		(4,353	)		(615	)

Other expense
Interest income		4			—			1			—
Unrealized exchange income		—			—			(1	)		—

Profit/(loss) before income tax, and share of loss of subsidiaries and VIEs		(4,721	)		(3,061	)		(4,353	)		(615	)

Share of income/(loss) of subsidiaries and VIEs		(102,945	)		(28,126	)		74,541			10,499

Net profit/(loss)		(107,666	)		(31,187	)		70,188			9,884

Net profit/(loss) attributable to common shareholders		(107,666	)		(31,187	)		70,188			9,884

Net profit/(loss)		(107,666	)		(31,187	)		70,188			9,884
Foreign currency translation adjustment, net of tax		(5,323	)		9,600			3,635			512

Total comprehensive income/(loss)		(112,989	)		(21,587	)		73,823			10,396

Statement of cash flows


	Year Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB			US$ Note 2(f)
Cash flows from operating activities:
Net profit/(loss)		(107,666	)		(31,187	)		70,188			9,884
Adjustments to reconcile net profit/(loss) to net cash used in operating activities:
Unrealized exchange (income)/loss		—			—			1			—
Share of income/(loss) of subsidiaries and VIEs		102,945			28,126			(74,541	)		(10,499	)
Expected credit loss expenses		—			—			3			—

		(4,721	)		(3,061	)		(4,349	)		(615	)

Changes in operating assets and liabilities:
Increase/(decrease) in other payables and accrued expenses		(4,730	)		—			4			1
Increase/(decrease) in contract liabilities		4,555			(1,223	)		(1,549	)		(218	)
(Increase)/decrease in prepaid expense and other receivables		21			22,800			8,754			1,233
(Increase)/decrease in accounts receivable and contract assets		216			—			—			—
(Increase)/decrease in amount due from related parties		83			(43	)		43			6

Net cash provided by/(used in) operating activities		(4,576	)		18,473			2,903			407

Cash flows from investing activities:
Investments in subsidiaries and consolidated VIEs		(247	)		—			—			—
Payments of inter-company balances		(161,216	)		(23,376	)		(6	)		(1	)

Net cash provided by/(used in) investing activities		(161,463	)		(23,376	)		(6	)		(1	)

Cash flows from financing activities:
Proceeds from exercise of options		497			—			560			79
Repurchase of Class A common shares		(3,003	)		(6,659	)		(13,392	)		(1,886	)
Proceeds from inter-company balances		—			—			9,461			1,333

Net cash provided by/(used in) financing activities		(2,506	)		(6,659	)		(3,371	)		(474	)

Effect of exchange rate changes on cash and cash equivalents		(2,381	)		884			158			22

Net increase/(decrease) in cash and cash equivalents and restricted cash		(170,926	)		(10,678	)		(316	)		(46	)
Total cash and cash equivalents and restricted cash at beginning of year		187,217			16,291			5,613			791

Total cash and cash equivalents and restricted cash at end of year		16,291			5,613			5,297			745

Selling Expense

12 Months Ended

Dec. 31, 2023

Selling Expense [Abstract]

Selling expense

17. Selling expense


	For the Year Ended December 31,
	2021			2022		2023
	RMB			RMB		RMB
Salaries and employment benefits		222,428			166,588		140,016
Advertising and marketing expenses		97,945			31,026		31,148
Rental and utilities expenses		13,781			15,358		17,169
Traveling expenses		3,734			1,911		3,209
Office expenses		5,623			4,086		3,085
Depreciation and amortizations		680			1,101		1,135
Business development		761			827		1,016
Share-based compensation expenses		(475	)		1,041		286
Others		6,096			9,726		7,197

Total		350,573			231,664		204,261

Income Taxes - Additional Information (Detail) ¥ in Thousands, $ in Thousands				12 Months Ended
	Oct. 09, 2021	Nov. 02, 2018	Nov. 02, 2015	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2023 USD ($)
Tax rate on taxable income		15.00%		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%	25.00%
Net operating loss carryforwards				¥ 80,592		¥ 94,697	¥ 67,714
Net operating loss carryforwards, valuation allowance				79,987		94,092	67,109
Net operating loss carryforwards, expected to be utilized				¥ 605		605	605
Net operating loss carryforwards, carry over period				5 years	5 years			10 years
Net operating loss carryforwards, expiration term				2024 to 2032	2024 to 2032
Accrued withholding tax on undistributed earnings of domestic subsidiaries				¥ 0
Unrecognized tax liabilities \| $											$ 0
Increase in unrecognized tax benefits is reasonably possible				2,440		2,440
Income tax expenses				¥ 0	$ 0	¥ 0	¥ 0
Chengdu Huize [Member]
Tax rate on taxable income	15.00%
Inland Revenue, Hong Kong [Member]
Tax rate on taxable income				16.50%	16.50%
State Administration of Taxation, China [Member]
Tax rate on taxable income				25.00%	25.00%
Peoples Replublic Of China Tax Authority [Member] \| Minimum [Member]
Number of years open to income tax examination				5 years	5 years
Peoples Replublic Of China Tax Authority [Member] \| Maximum [Member]
Number of years open to income tax examination				10 years	10 years

Property, Plant and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2023

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, 2022			December 31, 2023
	RMB			RMB
Buildings		—			25,712
Computer and electronic equipment		27,439			29,343
Leasehold improvements		28,124			29,109
Office furniture and equipment		10,330			9,550
Motor vehicles		2,448			2,448

Total		68,341			96,162
Less: Accumulated depreciation (1)		(29,823	)		(42,055	)

Property, equipment and equipment, net		38,518			54,107

(1)	Depreciation expenses for the years ended December 31, 2021, 2022 and 2023 were RMB6,474, RMB17,319 and RMB12,413, respectively.

Related Party Balances and Transactions

12 Months Ended

Dec. 31, 2023

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, 2021, 2022 and 2023 are as follows:

Service provided by related parties:


	For the year ended December 31
	2021		2022		2023
	RMB		RMB		RMB
Technology service fee to Xiaoke		11,609		7,259		1,887
PPC advertisement service fee to Xiaoke		412		—		—
Channel cost to Huibao Huipei		140		2,054		7,439

Total		12,161		9,313		9,326

According to the cooperation agreements in 2021, 2022 and 2023, 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
	2021		2022		2023
	RMB		RMB		RMB
Consulting service fee to Huibao Huipei		—		970		728

Total		—		970		728

The Company provides consulting service to Huibao Huipei according to the cooperation agreement in 2022 and 2023.

Details of related party balances as of December 31, 2022 and 2023 are as follows:

Amounts due from related parties:


	As of
	December 31, 2022		December 31, 2023
	RMB		RMB
Shareholders		149		106
Huibao Huipei		340		277

		489		383

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, 2022		December 31, 2023
	RMB		RMB
Xiaoke		495		2,000
Huibao Huipei		—		451

		495		2,451

The amount due to Xiaoke represents the payable for technology service and the amount due to Huibao Huipei represents the payable for channel promotion service.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Fair Value measurement - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	¥ 0	¥ 0
Gain Loss On Fair Value Assets Measured On Recurring Basis Change Gain Loss	1,011	109
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)	¥ 1,950	¥ 0
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]	Operating Costs and Expenses

Principal Activities and Reorganization - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions				1 Months Ended	12 Months Ended
	Mar. 10, 2020	Feb. 12, 2020	Jun. 30, 2019	Feb. 29, 2020	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2023
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		$ 10.5
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				$ 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	$ 10.5
Common Stock [Member]
Principal Activities and Reorganization [Line Items]
Shares issued			261,072,000		184,200,000	184,200,000

Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2023

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, 2022			December 31, 2023
	RMB			RMB
Buildings		—			25,712
Computer and electronic equipment		27,439			29,343
Leasehold improvements		28,124			29,109
Office furniture and equipment		10,330			9,550
Motor vehicles		2,448			2,448

Total		68,341			96,162
Less: Accumulated depreciation (1)		(29,823	)		(42,055	)

Property, equipment and equipment, net		38,518			54,107

(1)	Depreciation expenses for the years ended December 31, 2021, 2022 and 2023 were RMB6,474, RMB17,319 and RMB12,413, respectively.

No impairment for property, plant and equipment was recorded for the years ended December 31, 2021, 2022 and 2023.

Lease (Tables)

12 Months Ended

Dec. 31, 2023

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, 2022		As of December 31, 2023
	RMB		RMB
Operating lease right-of-use assets		162,180		115,946
Operating lease liabilities		186,107		146,248

Summary of Lease Cost

For the years ended December 31, 2021,2022 and 2023, total lease cost comprised of the following:


	For the Year Ended December 31,
	2021		2022		2023
	RMB		RMB		RMB
Operating lease cost		46,102		39,476		34,142
Short term lease cost		385		1,724		3,639

Total lease cost		46,487		41,200		37,781

Summary of Operating Lease Liabilities

The following table presents the maturity of the Group’s operating lease liabilities as of December 31, 2023:


	As of December 31, 2023
	RMB
2024		23,719
2025		21,943
2026		23,078
2027		24,274
2028		25,687
Thereafter		55,635

Total operating lease payments (undiscounted)		174,336
Less: Imputed interest		(28,088	)

Total operating lease liabilities (discounted)		146,248

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,
	2022		2023
	RMB		RMB
Cash paid for amounts included in operating lease liabilities		24,554		21,312

Lease - Summary of Supplemental Balance Sheet Information Related to Leases (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Leases [Abstract]
Operating lease right-of-use assets	¥ 115,946	$ 16,331	¥ 162,180
Operating lease liabilities	¥ 146,248		¥ 186,107

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

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Finite-Lived Intangible Assets [Line Items]

Impairment of Intangible Assets, Finite-Lived

^[1]

¥ (1,950)

¥ (0)

Insurance Agency License [Member]

Finite-Lived Intangible Assets [Line Items]

Impairment of Intangible Assets, Finite-Lived

720

Insurance Brokerage License [Member]

Finite-Lived Intangible Assets [Line Items]

Impairment of Intangible Assets, Finite-Lived

¥ 1,230

[1]

Due to the change of business plan in 2023, the management expected to dispose an insurance agency license and an insurance brokerage license. With reference to quoted market prices, the management determined that the fair values of the insurance agency license and the insurance brokerage license were less than their carrying amounts as of December 31, 2023, which resulted that an impairment loss of the insurance agency license of RMB720 and an impairment loss of the insurance brokerage license of RMB1,230 were recognized for the year ended December 31, 2023.

Summary of Significant Accounting Policies - Schedule of Concentration in Monetary as Well as Percentage of Cash and Cash Equivalents (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 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	¥ 321,772	¥ 376,085	$ 45,320	$ 52,970	¥ 608,984	¥ 728,948
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	¥ 136,110	¥ 154,381
Concentration Risk, Percentage	42.00%	41.00%
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	¥ 82,861	¥ 73,255
Concentration Risk, Percentage	26.00%	19.00%
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	¥ 34,935	¥ 67,444
Concentration Risk, Percentage	11.00%	18.00%
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	¥ 0	¥ 40,917
Concentration Risk, Percentage	0.00%	11.00%
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	¥ 253,906	¥ 335,997
Concentration Risk, Percentage	79.00%	89.00%

Cover Page	12 Months Ended
Cover Page	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
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
Document Financial Statement Error Correction [Flag]	false
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	843,968,206
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	150,591,207

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	22. Commitments and contingencies The Group had investment commitments of RMB11,000 and RMB nil as of December 31, 2022 and December 31, 2023.

Commitments and Contingencies - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Capital commitments	¥ 0	¥ 11,000

Intangible Assets, Net

12 Months Ended

Dec. 31, 2023

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, 2022			December 31, 2023
	RMB			RMB
Insurance agency license (1)		45,150			40,817
Insurance brokerage license (1)		2,647			6,526
Insurance adjusting license		3,067			3,067
Software and system		5,695			6,571
Domain name		580			580

Total		57,139			57,561
Less: Accumulated amortization (2)		(3,641	)		(4,868	)
Allowance for impairment (3)		—			(1,950	)

Intangible assets, net		53,498			50,743

(1)	During the year ended December 31, 2023, the Group’s disposal of a subsidiary resulted in a decrease of RMB4,333 in insurance agency license, and the Group’s acquisition of a subsidiary resulted in an increase of RMB3,879 in insurance brokerage license.

The addition of insurance brokerage license was derived from the acquisition of Synergy Wealth Management Limited. During the year ended December 31, 2023, the Company completed the acquisition of Synergy Wealth Management Limited. 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, 2021, 2022 and 2023 were RMB950, RMB1,201 and RMB1,227, respectively.

The amortization of the coming 5 years is:


	As of
	December 31, 2023
	RMB
2024		763
2025		500
2026		188
2027		76
2028		59

(3)

As of December 31, 2023, the management assessed the impairment of the Group’s indefinite-lived intangible assets based on available industry or market data and trade publications, and determined that it was more likely than not that the fair values of certain asset groups were less than their carrying amounts, which resulted that an impairment loss of the insurance agency license of

RMB720 and an impairment loss of the insurance brokerage license of RMB1,230 were recognized for the year ended December 31, 2023.

Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The intangible assets, net consisted of the following:


	As of
	December 31, 2022			December 31, 2023
	RMB			RMB
Insurance agency license (1)		45,150			40,817
Insurance brokerage license (1)		2,647			6,526
Insurance adjusting license		3,067			3,067
Software and system		5,695			6,571
Domain name		580			580

Total		57,139			57,561
Less: Accumulated amortization (2)		(3,641	)		(4,868	)
Allowance for impairment (3)		—			(1,950	)

Intangible assets, net		53,498			50,743

(1)	During the year ended December 31, 2023, the Group’s disposal of a subsidiary resulted in a decrease of RMB4,333 in insurance agency license, and the Group’s acquisition of a subsidiary resulted in an increase of RMB3,879 in insurance brokerage license.

(2)	Amortization expenses for the years ended December 31, 2021, 2022 and 2023 were RMB950, RMB1,201 and RMB1,227, respectively.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The amortization of the coming 5 years is:


	As of
	December 31, 2023
	RMB
2024		763
2025		500
2026		188
2027		76
2028		59

Property, Plant and Equipment, net - Summary of Property, Plant and Equipment, Net (Parenthetical) (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation	¥ 12,413	¥ 17,319	¥ 6,474

Summary of Significant Accounting Policies - Summary of Estimated Useful Life and Residual Value of Property Plant and Equipment (Detail)	12 Months Ended
	Dec. 31, 2023
Building [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	32 years
Residual value	5.00%
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%

Fair Value Measurements

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements

3. Fair Value measurement

As of December 31, 2023

Level 1

Level 2

Level 3

Total

RMB

Listed equity securities, short term (a)

8,879

—

8,879

As of December 31, 2022

Level 1

Level 2

Level 3

Total

RMB

Listed equity securities, long term (b)

808

—

808

(a)	Included in short-term investments on the Group’s consolidated balance sheets.

(b)	Included in long-term investments on the Group’s consolidated balance sheets.

Recurring

The Group measures listed equity securities at fair value on a recurring basis. Other financial instruments are not measured at fair value, but for which the fair value is estimated for disclosure purpose. The fair value of listed equity securities is determined based on the quoted market price (Level 1). For the years ended December 31, 2022 and 2023, there were no transfers between level 1, 2 and 3 of fair value hierarchy classifications. The Group recognized fair value change losses of RMB109 and RMB1,011 for the year ended December 31, 2022 and 2023, respectively.

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 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 value of restricted cash-non-current portion approximated its fair value 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. The fair values of these financial assets and non-financial assets are determined based on the similar transaction price in the market directly.

In accordance with the Group’s policy to perform an impairment assessment of its goodwill and intangible assets with an indefinite useful life on an annual basis as of the balance sheets date or when facts and circumstances warrant a review, the Group performed an impairment assessment on its goodwill and intangible assets with an indefinite useful life by reporting unit annually. The Group recognized an

impairment charge

of nil and RMB1,950 for the intangible assets with an indefinite useful life for the years ended December 31, 2022 and 2023, respectively.

- 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

Short-term Borrowing - Summary of Long-Term Borrowings (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short-term Debt [Line Items]
Less: Current portion of long-term borrowings	¥ 0	¥ (20,000)
Long-term borrowings	¥ 0	0
Bank Loan Due May 19 2023 [Member]
Short-term Debt [Line Items]
Maturity Date	May 19, 2023
Principal Amount	¥ 20,000
Interest Rate Per Annum	4.75%
Bank loan	¥ 0	¥ 20,000

Share-based Compensation - Share-based Payment Arrangement, Restricted Stock Unit, Activity (Detail) - Restricted Stock [Member] - ¥ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options to Employees, Non-vested Beginning Balance	3,430,745	8,113,544	13,332,607
Options to Employees, Granted		0	320,000
Options to Employees, Vested	(2,145,701)	(4,519,185)	(4,925,510)
Options to Employees, Forfeited	(72,988)	(163,614)	(613,553)
Options to Employees, Non-vested Ending Balance	1,212,056	3,430,745	8,113,544
Weighted Average Grant-Date Fair Value, Granted			¥ 2.49

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Long-term Investments - Summary of Long Term Investments (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Summary of Investment Holdings [Line Items]
Beginning balance	¥ 77,305		¥ 73,001	¥ 46,084
Additions			10,000	33,414
Share of earnings/(loss) of an equity investee	417	$ 59	(2,200)	2,660
Fair value change	(257)		(2,784)	(4,224)
Realized gain/(loss)	78			265
Exchange adjustments	19		288	232
Impairment				(1,610)
Disposal	(874)		(1,000)	(3,820)
Ending balance	76,688	$ 10,801	77,305	73,001
Equity investments measured under measurement alternative [Member]
Summary of Investment Holdings [Line Items]
Beginning balance	33,695		34,695	24,695
Additions				12,500
Share of earnings/(loss) of an equity investee
Fair value change
Realized gain/(loss)
Exchange adjustments
Impairment				(1,610)
Disposal			(1,000)	(890)
Ending balance	33,695		33,695	34,695
Equity Method [Member]
Summary of Investment Holdings [Line Items]
Beginning balance	41,749		33,949	21,389
Additions			10,000	9,900
Share of earnings/(loss) of an equity investee	417		(2,200)	2,660
Fair value change
Realized gain/(loss)
Exchange adjustments
Impairment
Disposal
Ending balance	42,166		41,749	33,949
Investment Accounted For At Fair Value [Member]
Summary of Investment Holdings [Line Items]
Beginning balance	808		840
Additions				4,641
Share of earnings/(loss) of an equity investee
Fair value change			(109)	(1,339)
Realized gain/(loss)	78			265
Exchange adjustments	(12)		77	203
Impairment
Disposal	(874)			(2,930)
Ending balance			808	840
Equity Investments Measured Under NAV Practical Expedient [Member]
Summary of Investment Holdings [Line Items]
Beginning balance	1,053		3,517
Additions				6,373
Share of earnings/(loss) of an equity investee
Fair value change	(257)		(2,675)	(2,885)
Realized gain/(loss)
Exchange adjustments	31		211	29
Impairment
Disposal
Ending balance	¥ 827		¥ 1,053	¥ 3,517

Employee Benefits	12 Months Ended
Employee Benefits	Dec. 31, 2023
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 RMB64,238, RMB54,641 and RMB51,426 for the years ended December 31, 2021, 2022 and 2023, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

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, 2023 CNY (¥) shares	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2015 shares	Dec. 31, 2014 shares	Dec. 31, 2023 USD ($) $ / shares shares	Mar. 31, 2023 USD ($)	Dec. 31, 2022 $ / shares	Mar. 31, 2022 USD ($)	Dec. 31, 2021 shares	Dec. 31, 2020 shares	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
Number of stock shares repurchased						13,097,740
Treasury stock, value					¥ 28,580	¥ 15,306			$ 4,025
Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during the period			261,072,000				184,200,000	184,200,000
Number of stock shares repurchased					46,867,940	16,534,600
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					843,968,206	873,068,986			843,968,206
Stock issued during the period		106,449,060
Common stock voting rights per share					one vote
Common Class A [Member] \| Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Shares, outstanding					890,836,146	889,603,586			890,836,146				889,603,586	889,402,546
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
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	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 \| $										$ 5,000		$ 5,000
Number of stock shares repurchased					2,343,397	826,730
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

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

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Finite-Lived Intangible Assets [Line Items]

Intangible assets, gross

¥ 57,561

¥ 57,139

Less: Accumulated amortization

^[1]

(4,868)

(3,641)

Allowance for impairment

^[2]

¥ (1,950)

¥ (0)

Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]

Operating Income (Loss)

Intangible assets, net

¥ 50,743

¥ 53,498

Insurance agency license [Member]

Finite-Lived Intangible Assets [Line Items]

Intangible assets, gross

^[3]

40,817

45,150

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

^[3]

6,526

2,647

Software and system [Member]

Finite-Lived Intangible Assets [Line Items]

Intangible assets, gross

6,571

5,695

Domain name [Member]

Finite-Lived Intangible Assets [Line Items]

Intangible assets, gross

¥ 580

[1]	Amortization expenses for the years ended December 31, 2021, 2022 and 2023 were RMB950, RMB1,201 and RMB1,227, respectively.
[2]	Due to the change of business plan in 2023, the management expected to dispose an insurance agency license and an insurance brokerage license. With reference to quoted market prices, the management determined that the fair values of the insurance agency license and the insurance brokerage license were less than their carrying amounts as of December 31, 2023, which resulted that an impairment loss of the insurance agency license of RMB720 and an impairment loss of the insurance brokerage license of RMB1,230 were recognized for the year ended December 31, 2023.
[3]	During the year ended December 31, 2023, the Group’s disposal of a subsidiary resulted in a decrease of RMB4,333 in insurance agency license, and the Group’s acquisition of a subsidiary resulted in an increase of RMB3,879 in insurance brokerage license.

Share-based Compensation - Share-based Payment Arrangement, Option, Activity (Detail) - Share-based Payment Arrangement, Option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Outstanding	62,079,809
Weighted average exercise price, Outstanding	$ 0.0589
Global Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options, Outstanding	33,824,056	36,844,725	16,154,051
Number of options, Granted	37,060,000	21,631,945	21,631,945
Number of options, Exercised	(1,232,560)		(201,040)
Number of options, Forfeited	(7,571,687)	(3,020,669)	(740,231)
Number of options, Outstanding	62,079,809	33,824,056	36,844,725
Number of options, Vested and exercisable	40,417,309	24,166,379	11,884,664
Weighted average exercise price, Outstanding	$ 0.1616	$ 0.1608	$ 0.1607
Weighted average exercise price, Granted	0.06		0.1609
Weighted average exercise price, Exercised	0.0575		0.1607
Weighted average exercise price, Forfeited	0.0583	0.1515	0.1607
Weighted average exercise price, Outstanding	0.0589	0.1616	0.1608
Weighted average exercise price, Vested and exercisable	$ 0.0583	$ 0.164	$ 0.1709

Operating Revenue - Disaggregation of Revenue (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Brokerage income
Brokerage income subtotal	¥ 1,144,533	$ 161,204	¥ 1,108,652	¥ 2,232,253
Other income	51,019	7,186	49,256	12,763
Total operating revenue	1,195,552	$ 168,390	1,157,908	2,245,016
Life and health insurance business [Member]
Brokerage income
Brokerage income subtotal	1,043,497		1,046,469	2,170,767
Property and casualty insurance business [Member]
Brokerage income
Brokerage income subtotal	¥ 101,036		¥ 62,183	¥ 61,486

- 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

+ Details

Other payables and accrued expenses

12 Months Ended

Dec. 31, 2023

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, 2022		December 31, 2023
	RMB		RMB
Other tax payables		14,994		9,004
Other payable to suppliers		8,915		8,578
Accrued marketing expense -loyalty points		4,643		3,547
Professional fees		6,211		5,092
Advances from the insured		3,251		2,892
Interest payable		746		48
Deposits		258		352
Payable for asset acquisition		—		910
Withholding social security costs and housing benefits		14,717		1,196
Deferred income		2,395		1,429
Others		2,121		1,802

		58,251		34,850

Other Payables and Accrued Expenses (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current portion:
Other tax payables	¥ 9,004	¥ 14,994
Other payable to suppliers	8,578	8,915
Accrued marketing expense -loyalty points	3,547	4,643
Professional fees	5,092	6,211
Advances from the insured	2,892	3,251
Interest payable	48	746
Deposits	352	258
Payable for asset acquisition	910
Withholding social security costs and housing benefits	1,196	14,717
Deferred Income	1,429	2,395
Others	1,802	2,121
Total current portion	¥ 34,850	¥ 58,251

Consolidated Balance Sheets (Parenthetical) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥) shares	Dec. 31, 2022 CNY (¥) shares
Insurance premium receivables	¥ 927	¥ 1,792
Short-term borrowings	30,000	150,000
Accounts payable	211,905	262,266
Insurance premium payables	37,514	27,567
Contract liabilities	2,728	4,034
Other payables and accrued expenses	34,850	58,251
Payroll and welfare payable	56,207	43,938
Income taxes payable	2,440	2,440
Amounts due to related parties	2,451	495
Deferred tax liabilities	12,048	12,491
Operating lease liabilities	¥ 129,299	¥ 176,032
Treasury Stock, Shares \| shares	46,867,940	16,534,600
Allowances of Cash And Cash Equivalents	¥ 520	¥ 0
Contract with Customer, Asset, Allowance for Credit Loss, Current	440	0
Accounts Receivable, Allowance for Credit Loss, Current	1,673	4,584
Premium Receivable, Allowance for Credit Loss	988	0
Allowance For Doubtful Accounts Prepaid Expense And Other Receivable Current	697	1,000
Contract with Customer, Asset, Allowance for Credit Loss, Noncurrent	¥ 131	¥ 0
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	843,968,206	873,068,986
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, Current	¥ 42,103	¥ 30,578
Insurance premium receivables	927	1,792
Short-term borrowings	30,000	150,000
Accounts payable	204,587	261,993
Insurance premium payables	37,514	27,567
Contract liabilities	945	702
Other payables and accrued expenses	171,706	195,136
Payroll and welfare payable	50,624	39,674
Income taxes payable		2,440
Amounts due to related parties	2,451	495
Deferred tax liabilities	10,971	12,054
Operating lease liabilities	129,299	176,032
Other non-current liabilities	0	0
Variable Interest Entity [Member] \| Nonrecourse [Member]
Operating lease liabilities	¥ 16,368	¥ 10,075

Intangible Assets, Net - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail) ¥ in Thousands	Dec. 31, 2023 CNY (¥)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	¥ 763
2024	500
2025	188
2026	76
2027	¥ 59

Property, Plant and Equipment, net - Additional Information (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Impairment for property, plant and equipment	¥ 0	¥ 0	¥ 0

Short-term Borrowing - Summary of Short-term Borrowing (Detail) - CNY (¥) ¥ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Short-term Debt [Line Items]
Bank borrowings	¥ 30,000	¥ 130,000
Current portion of long-term borrowings	0	20,000
Short-term borrowing	¥ 30,000	¥ 150,000

Restricted Net Asset	12 Months Ended
Restricted Net Asset	Dec. 31, 2023
Restricted Assets Net [Abstract]
Restricted Net Asset	23. 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, 2023, the restricted net assets of the Group’s relevant PRC entities amounted to RMB308,341. 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.

Related Party Balances and Transactions (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Service Provided by or to Related Parties

Details of related party transactions for the years ended December 31, 2021, 2022 and 2023 are as follows:

Service provided by related parties:


	For the year ended December 31
	2021		2022		2023
	RMB		RMB		RMB
Technology service fee to Xiaoke		11,609		7,259		1,887
PPC advertisement service fee to Xiaoke		412		—		—
Channel cost to Huibao Huipei		140		2,054		7,439

Total		12,161		9,313		9,326

Service provided to related parties:


	For the year ended December 31
	2021		2022		2023
	RMB		RMB		RMB
Consulting service fee to Huibao Huipei		—		970		728

Total		—		970		728

Schedule of Related Party Transactions

Details of related party balances as of December 31, 2022 and 2023 are as follows:

Amounts due from related parties:


	As of
	December 31, 2022		December 31, 2023
	RMB		RMB
Shareholders		149		106
Huibao Huipei		340		277

		489		383

Amounts due to related parties:


	As of
	December 31, 2022		December 31, 2023
	RMB		RMB
Xiaoke		495		2,000
Huibao Huipei		—		451

		495		2,451

Income Taxes

12 Months Ended

Dec. 31, 2023

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, 2023, the VIEs are in accumulative loss situation, no withholding tax needs to be accrued and no unrecognized tax liabilities exist.

Composition of income tax expense

The current and deferred portions of income tax expenses are nil during the years ended December 31, 2021, 2022 and 2023 are as follows:

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,
	2021			2022			2023
	RMB			RMB			RMB
Profit/(Loss) before income tax		(107,717	)		(33,740	)		70,554
Tax expense/(benefit) at EIT tax rate of 25%		(26,929	)		(8,435	)		17,639
Effect of different tax rates applicable to different subsidiaries of the Group		(3,195	)		827			4,785
Changes in valuation allowance		37,948			16,154			(7,578	)
Income not subject to tax		(769	)		(59	)		(895	)
Expenses not deductible for tax purposes		2,872			5,608			1,955
Research and development tax credit		(12,627	)		(12,442	)		(15,906	)
Effect on deferred tax assets due to change in tax rates		2,700			—			—

Income tax expense		—			—			—

Deferred tax assets and deferred tax liabilities

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


	December 31, 2022			December 31, 2023
	RMB			RMB
Deferred tax assets
Advertising expenses		1,569			1,668
Net accumulated losses carry forward		94,697			80,592
Depreciation and amortization		338			335
Allowance for doubtful accounts		1,505			1,901
Impairment of intangible assets		—			383
Accrued expenses		6,640			5,364
Operating lease liabilities		45,639			35,640

Gross deferred tax assets		150,388			125,883
Less: valuation allowance		(90,049	)		(76,937	)

Net deferred tax assets		60,339			48,946

Deferred tax liabilities
Intangible assets		12,491			12,048
Operating lease right-of-use assets		45,638			35,639
Gain on equity method investee		605			605
Variable consideration of renewal income		14,096			12,702

Gross deferred tax liabilities		72,830			60,994

Movement of valuation allowance


	For the years Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Balance at the beginning of the year		34,501			73,596			90,049
Additions		37,961			20,122			6,404
Acquisition of subsidiaries		1,147			1,529			22
Reversals		(13	)		(3,968	)		(13,982	)
Expiration		—			(166	)		(5,404	)
Disposal of subsidiaries		—			(1,064	)		(152	)

Balance at end of the year		73,596			90,049			76,937

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, 2021, 2022 and 2023, the Group had tax on net operating loss carryforwards of approximately RMB67,714, RMB94,697 and RMB80,592, respectively, which arose from the subsidiaries, VIE and the VIE’s subsidiary established in PRC. As of December 31, 2021, 2022 and 2023, of the tax on net operating loss carryforwards, RMB67,109, RMB94,092 and RMB79,987 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 2021, the net operating loss carry forward of Huize Insurance Brokerage, 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 Huize Insurance Brokerage. In 2023, the addition of valuation allowance was mainly provided by the net operating loss carry forward of Chengdu Huize and other certain subsidiaries of VIE. In 2023, the reversal of valuation allowance was mainly caused by the increase in net operation profit of Huize Insurance Brokerage offsetting accumulated deductible losses.

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, 2023, the net operating loss carryforwards will expire during the period from 2024 to 2032, if unused.

Uncertain tax positions

The liabilities associated with uncertain tax position are RMB2,440 and RMB2,440 as of December 31, 2022 and 2023. 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, 2023 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 10 years to conduct examinations of the tax filings of the Group. There are no ongoing examinations by tax authorities as of December 31, 2023.

- 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
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Lease - Summary of Supplemental Cash Flow Information Related to the Operating Leases (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Supplemental Cash Flow Information Related To Leases [Abstract]
Cash paid for amounts included in operating lease liabilities	¥ 21,312	¥ 24,554

Intangible Assets, Net - Schedule of Finite-Lived Intangible Assets (Parenthetical) (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization expenses	¥ 1,227	¥ 1,201	¥ 950
Insurance agency licence [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Period Increase (Decrease)	4,333
Insurance agency licence [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Period Increase (Decrease)	¥ 3,879

General and Administrative Expenses (Tables)

12 Months Ended

Dec. 31, 2023

General and Administrative Expense [Abstract]

Summary of General And Administrative Expenses


	For the Year Ended December 31,
	2021			2022		2023
	RMB			RMB		RMB
Salaries and employment benefits		87,321			59,484		54,608
Professional service expenses		31,868			18,858		19,676
Rental and utilities expenses		33,486			25,056		11,455
Depreciation and amortizations		2,195			11,448		7,668
Office expenses		8,532			6,177		5,077
Bad debt expense		1,445			2,415		3,517
Bank charges		7,955			3,048		3,419
Directors and officers liability insurance premium		7,798			7,891		3,125
VAT Surcharge		6,954			3,529		2,869
Share-based compensation expenses		(665	)		9,151		1,997
Traveling expenses		1,675			786		1,508
Other		9,055			6,872		4,485

Total		197,619			154,715		119,404

Summary of the Movement of Group's Allowance for Doubtful Accounts


	Cash and cash equivalents			Contract assets		Accounts receivable			Insurance premium receivables		Other receivables			Total
	RMB			RMB		RMB			RMB		RMB			RMB
As of January 1, 2022		—			—		3,169			—		—			3,169
Additional allowance, net of recoveries		—			—		1,415			—		1,000			2,415

As of December 31, 2022		—			—		4,584			—		1,000			5,584
Adjustments due to the adoption of ASC 326		551			478		(2,928	)		—		(803	)		(2,702	)

As of January 1, 2023		551			478		1,656			—		197			2,882
Additional allowance, net of recoveries		(31	)		93		17			988		500			1,567

As of December 31, 2023		520			571		1,673			988		697			4,449

Long-term Investments

12 Months Ended

Dec. 31, 2023

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, 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

Balances at January 1, 2023		33,695			41,749			808			1,053			77,305
Share of earnings/(loss) of an equity investee		—			417			—			—			417
Fair value change		—			—			—			(257	)		(257	)
Realized gain/(loss)		—			—			78			—			78
Exchange adjustments		—			—			(12	)		31			19
Disposal		—			—			(874	)		—			(874	)

Balances at December 31, 2023		33,695			42,166			—			827			76,688

Equity method

As of December 31, 2021, 2022 and 2023, the Group’s investments accounted for under the equity method were RMB33,949, RMB41,749 and RMB42,167, 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.

During the year ended December 31, 2023, no new investments accounted under the equity method was made.

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. In March 2023, the Group sold the stock of Nayuki and recognized investment gain of RMB78.

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 , 2022 and 2023, the Group recognized a fair value loss of RMB2,885 ,RMB2,675 and RMB257, respectively.

As of December 31, 2021, 2022 and 2023, the Group held investment in certain equity investments measured under measurement alternative. Impairment during the years ended December 31, 2021, 2022 and 2023 were RMB1,610, nil and nil, respectively.

Fair Value measurement - Summary of Fair Value Assets Measured on Recurring Basis (Detail) - Listed Equity Securities [Member] - CNY (¥)
¥ in Thousands

Dec. 31, 2023

^[1]

Dec. 31, 2022

^[2]

Investments accounted for at fair value

Listed equity securities

¥ 8,879

¥ 808

Fair Value, Inputs, Level 1 [Member]

Investments accounted for at fair value

Listed equity securities

8,879

808

Fair Value, Inputs, Level 2 [Member]

Investments accounted for at fair value

Listed equity securities

Fair Value, Inputs, Level 3 [Member]

Investments accounted for at fair value

Listed equity securities

¥ 0

[1]	Included in short-term investments on the Group’s consolidated balance sheets.
[2]	Included in long-term investments on the Group’s consolidated balance sheets.

Summary of Significant Accounting Policies - Additional Information (Detail)
¥ in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2023

CNY (¥)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

CNY (¥)

Dec. 31, 2021

CNY (¥)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2020

CNY (¥)

Accounting policies [line items]

Foreign exchange convenience rate

7.0999

Unremitted insurance premiums

¥ 42,103

¥ 30,578

$ 5,930

Restricted cash balance

29,891

24,880

4,210

Pledged deposits

43,459

Allowance for impairment

^[1]

1,950

Impairment loss

¥ 0

Share-based compensation expense

¥ 463

$ 65

8,163

11,355

Valued added tax percentage

6.00%

Cash and cash equivalents and restricted cash

¥ 321,772

376,085

608,984

$ 45,320

$ 52,970

¥ 728,948

Cash equivalents due within three months

three months

Gain on government subsidies

¥ 11,945

Gain on termination of lease contracts

5,706

Allowance for CECL of bank deposits

520

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%

Currency risk [Member]

Accounting policies [line items]

Cash and cash equivalents and restricted cash

¥ 231,626

¥ 261,891

¥ 481,589

[1]

Accounts Receivable - Summary of Account Receivables, Net of Allowance for Doubtful Accounts (Detail) ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Receivables [Abstract]
Accounts receivable	¥ 179,967		¥ 255,251
Less: allowance for doubtful accounts	(1,673)		(4,584)
Accounts receivable, net	¥ 178,294	$ 25,112	¥ 250,667

Restricted Net Asset - Additional Information (Detail) - CHINA ¥ in Thousands	12 Months Ended
	Dec. 31, 2023 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	¥ 308,341

Parent Company Only Condensed Financial Information - Summary of Condensed Balance sheet (Parenthetical) (Detail) - $ / shares	Dec. 31, 2023	Dec. 31, 2022	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	46,867,940	16,534,600
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	843,968,206	873,068,986
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	46,867,940	16,534,600
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	843,968,206	873,068,986
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

Investment Income/(Loss)

12 Months Ended

Dec. 31, 2023

Income Loss From Investments Net [Abstract]

Investment Income/(Loss)

19. Investment income/(loss)


	For the Year Ended December 31,
	2021			2022			2023
	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	)		(257	)
Dividends received from equity investments		241			237			361
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			—			78
Gain on disposal of subsidiary		—			331			(749	)
Fair value change of short-term investments		—			—			(1,089	)

Total		(5,328	)		(2,216	)		(1,656	)

Summary of Significant Accounting Policies - Summary of Customer Concentration Risk (Detail) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2023 USD ($)
Concentration Risk [Line Items]
Operating revenues	¥ 1,195,552	$ 168,390	¥ 1,157,908	¥ 2,245,016
Accounts receivable	178,294		250,667		$ 25,112
Customer A [Member]
Concentration Risk [Line Items]
Operating revenues	290,351		309,781	¥ 715,287
Accounts receivable	¥ 47,177		¥ 32,456
Customer A [Member] \| Operating revenue [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	24.00%	24.00%	27.00%	32.00%
Customer A [Member] \| Accounts receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	26.00%	26.00%	13.00%
Customer K [Member]
Concentration Risk [Line Items]
Operating revenues	¥ 80,427		¥ 140,991	¥ 489,862
Accounts receivable	¥ 26,314		¥ 47,941
Customer K [Member] \| Operating revenue [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	7.00%	7.00%	12.00%	22.00%
Customer K [Member] \| Accounts receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	15.00%	15.00%	19.00%
Customer M [Member]
Concentration Risk [Line Items]
Accounts receivable	¥ 20,659
Customer M [Member] \| Accounts receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Accounts receivable			¥ 37,531
Concentration risk, percentage	12.00%	12.00%	15.00%
Customer H [Member] \| Operating revenue [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Operating revenues	¥ 138,125		¥ 60,402	¥ 186,036
Concentration risk, percentage	12.00%	12.00%	5.00%	8.00%
Customers [Member] \| Operating revenue [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Operating revenues	¥ 508,903		¥ 511,174	¥ 1,391,185
Concentration risk, percentage	43.00%	43.00%	44.00%	62.00%
Customers [Member] \| Accounts receivable [Member] \| Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Accounts receivable	¥ 94,150		¥ 117,928
Concentration risk, percentage	53.00%	53.00%	47.00%

Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Current assets
Cash and cash equivalents	¥ 249,258	$ 35,107	¥ 277,168
Restricted cash (including amounts of the consolidated VIE of RMB55,458 and RMB 42,307 as of December 31, 2022 and 2023, respectively)	42,307	5,959	98,917
Short-term investments	8,879	1,251	0
Contract assets, net of allowance for doubtful accounts	41,481	5,842	49,888
Accounts receivable, net of allowance for doubtful accounts	178,294	25,112	250,667
Insurance premium receivables (including amounts of the consolidated VIE of RMB1,792 and RMB927 as of December 31, 2022 and 2023, respectively)	927	131	1,792
Amounts due from related parties	¥ 383	$ 54	¥ 489
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]	Related Party [Member]
Deferred costs	¥ 6,147	$ 866	¥ 0
Prepaid expense and other receivables	78,784	11,096	71,818
Total current assets	606,460	85,418	750,739
Non-current assets
Restricted cash (including amounts of the consolidated VIE of RMB nil and RMB 29,687 as of December 31, 2022 and 2023, respectively)	29,687	4,181	0
Contract assets, net of allowance for doubtful accounts	12,495	1,760	6,634
Property, plant and equipment, net	54,107	7,621	38,518
Intangible assets, net	50,743	7,147	53,498
Long-term investments	76,688	10,801	77,305
Operating lease right-of-use assets	115,946	16,331	162,180
Goodwill	461	65	461
Other assets	419	59	279
Total non-current assets	340,546	47,965	338,875
Total assets	947,006	133,383	1,089,614
Current liabilities
Short-term borrowings (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB150,000 and RMB30,000 as of December 31, 2022 and 2023, respectively)	30,000	4,225	150,000
Accounts payable (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB261,993 and RMB204,587 as of December 31, 2022 and 2023, respectively)	211,905	29,846	262,266
Insurance premium payables (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB27,567 and RMB37,514 as of December 31, 2022 and 2023, respectively)	37,514	5,284	27,567
Contract liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB702 and RMB945 as of December 31, 2022 and 2023, respectively)	2,728	384	4,034
Other payables and accrued expenses (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB195,136 and RMB171,706 as of December 31, 2022 and 2023, respectively)	34,850	4,909	58,251
Payroll and welfare payable (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB39,674 and RMB50,624 as of December 31, 2022 and 2023, respectively)	56,207	7,917	43,938
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, 2022 and 2023, respectively)	2,440	344	2,440
Operating lease liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB10,075 and RMB16,368 as of December 31, 2022 and 2023, respectively)	16,949	2,387	10,075
Amounts due to related parties (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB495 and RMB2,451 as of December 31, 2022 and 2023, respectively)	¥ 2,451	$ 345	¥ 495
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]	Related Party [Member]
Total current liabilities	¥ 395,044	$ 55,641	¥ 559,066
Non-current liabilities
Deferred tax liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB12,054 and RMB10,971 as of December 31, 2022 and 2023, respectively)	12,048	1,697	12,491
Operating lease liabilities (including amounts of the consolidated VIE and its subsidiaries without recourse to the Company of RMB176,032 and RMB129,299 as of December 31, 2022 and 2023, respectively)	129,299	18,211	176,032
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, 2022 and 2023, respectively)	200	28	0
Total non-current liabilities	141,547	19,936	188,523
Total liabilities	536,591	75,577	747,589
Commitments and contingencies
Shareholders' equity
Treasury stock (16,534,600 shares and 46,867,940 shares as of December 31, 2022 and 2023, respectively)	(28,580)	(4,025)	(15,306)
Additional paid-in capital	905,958	127,602	904,935
Accumulated other comprehensive loss	(14,060)	(1,980)	(17,695)
Accumulated deficit	(458,237)	(64,541)	(531,127)
Total shareholders' equity attributable to Huize Holding Limited shareholders	405,153	57,066	340,879
Non-controlling interests	5,262	740	1,146
Total shareholders' equity	410,415	57,806	342,025
Total liabilities and shareholders' equity	947,006	133,383	1,089,614
Common Class A [Member]
Shareholders' equity
Common shares	62	9	62
Common Class B [Member]
Shareholders' equity
Common shares	¥ 10	$ 1	¥ 10

Investment income/(loss) (Tables)

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Summary of Investment Income


	For the Year Ended December 31,
	2021			2022			2023
	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	)		(257	)
Dividends received from equity investments		241			237			361
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			—			78
Gain on disposal of subsidiary		—			331			(749	)
Fair value change of short-term investments		—			—			(1,089	)

Total		(5,328	)		(2,216	)		(1,656	)

Share-based Compensation

12 Months Ended

Dec. 31, 2023

Share-based Payment Arrangement [Abstract]

Share-based compensation

15. Share-based compensation

Share-based compensation was recognized in operating expenses for the years ended December 31, 2021, 2022 and 2023 as follows:


	For the year Ended December 31,
	2021			2022		2023
	RMB			RMB		RMB
Cost of revenue		(387	)		11		(7	)
Selling expenses		(475	)		1,041		286
General and administrative expenses		(665	)		9,151		1,997
Research and development expenses		(297	)		208		(167	)

		(1,824	)		10,411		2,109

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 year ended 2022 and 2023, 21,631,945 extra share options and 37,060,000 extra share options were granted, respectively.

The following table summarized the Company’s activities under the Option Plan for the years ended December 31, 2021, 2022 and 2023:


	Number of options			Weighted average exercise price (US$)
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

Outstanding at January 1, 2023		33,824,056			0.1616
Granted		37,060,000			0.0600
Exercised		(1,232,560	)		0.0575
Forfeited		(7,571,687	)		0.0583
Outstanding at December 31, 2023		62,079,809			0.0589

Vested and exercisable at December 31, 2023		40,417,309			0.0583

The following table summarizes information regarding the share options outstanding as of December 31, 2023:


	As of December 31, 2023
	Options number		Weighted average exercise price per option		Weighted average remaining contractual life (years)		Aggregate intrinsic value
			US$				US$
Outstanding		62,079,809		0.0589		8.05		—
Exercisable		40,417,309		0.0583		7.43		—
Expected to vest		21,662,500		0.0600		9.21		—

The weighted average fair value of the options was US$ 0.0192 and US$ 0.0161 per option as of December 31, 2022 and 2023, 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, 2023.

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
	2022			2023
Exercise price (US$)		0.1616			0.0589
Expected forfeiture rate (post-vesting)		5.86	%		11.52	%
Expected volatility		51.70	%		52.10	%
Excepted term (in years)		7.67			8.05
Expected dividend yield		0	%		0	%
Risk-free interest rate		3.9302	%		3.8875	%

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. 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 and 2023.

The following table summarized the Company’s restricted shares activities under the Employees Restricted Shares Plan for the years ended December 31, 2021, 2022 and 2023:


	Options to employees			Weighted average grant-date fair value
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			—

Non-vested at January 1, 2023		3,430,745			—
Granted		—			—
Vested		(2,145,701	)		—
Forfeited		(72,988	)		—

Non-vested at December 31, 2023		1,212,056			—

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, 2021, 2022 and 2023 were RMB2.49 per share, nil and nil, respectively. As of December 31, 2021, 2022 and 2023, there were a total of RMB11,355, RMB8,163 and RMB463 share-based compensation expenses recognized, respectively. As of December 31, 2021, 2022 and 2023, there were RMB11,883, RMB770 and nil 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, 2021, 2022 and 2023.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

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,
	2021			2022			2023
	RMB			RMB			RMB
Profit/(Loss) before income tax		(107,717	)		(33,740	)		70,554
Tax expense/(benefit) at EIT tax rate of 25%		(26,929	)		(8,435	)		17,639
Effect of different tax rates applicable to different subsidiaries of the Group		(3,195	)		827			4,785
Changes in valuation allowance		37,948			16,154			(7,578	)
Income not subject to tax		(769	)		(59	)		(895	)
Expenses not deductible for tax purposes		2,872			5,608			1,955
Research and development tax credit		(12,627	)		(12,442	)		(15,906	)
Effect on deferred tax assets due to change in tax rates		2,700			—			—

Income tax expense		—			—			—

Significant Components of Deferred Tax Assets and Deferred Tax Liabilities

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


	December 31, 2022			December 31, 2023
	RMB			RMB
Deferred tax assets
Advertising expenses		1,569			1,668
Net accumulated losses carry forward		94,697			80,592
Depreciation and amortization		338			335
Allowance for doubtful accounts		1,505			1,901
Impairment of intangible assets		—			383
Accrued expenses		6,640			5,364
Operating lease liabilities		45,639			35,640

Gross deferred tax assets		150,388			125,883
Less: valuation allowance		(90,049	)		(76,937	)

Net deferred tax assets		60,339			48,946

Deferred tax liabilities
Intangible assets		12,491			12,048
Operating lease right-of-use assets		45,638			35,639
Gain on equity method investee		605			605
Variable consideration of renewal income		14,096			12,702

Gross deferred tax liabilities		72,830			60,994

Summary of Movement of Valuation Allowance

Movement of valuation allowance


	For the years Ended December 31,
	2021			2022			2023
	RMB			RMB			RMB
Balance at the beginning of the year		34,501			73,596			90,049
Additions		37,961			20,122			6,404
Acquisition of subsidiaries		1,147			1,529			22
Reversals		(13	)		(3,968	)		(13,982	)
Expiration		—			(166	)		(5,404	)
Disposal of subsidiaries		—			(1,064	)		(152	)

Balance at end of the year		73,596			90,049			76,937

Income Taxes - Summary of Movement of Valuation Allowance (Detail) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Balance at the beginning of the year	¥ 90,049	¥ 73,596	¥ 34,501
Additions	6,404	20,122	37,961
Acquisition of subsidiaries	22	1,529	1,147
Reversals	(13,982)	(3,968)	(13)
Expiration	(5,404)	(166)
Disposal of subsidiaries	(152)	(1,064)
Balance at end of the year	¥ 76,937	¥ 90,049	¥ 73,596