Huize Holding Limited

This conference is scheduled to begin shortly. Please continue to stand by. Thank you for your patience. Once again, today's conference is scheduled to begin shortly. Please continue to stand by. Thank you for your patience. Thank you. Thank you. Ladies and gentlemen, thank you for standing by and welcome to the Heroes Holding Limited first quarter 2021 earnings conference call. At this time, all participants are in the list of . After the management's prepared remarks, there will be a question and answer session. Today's conference call is being recorded and a webcast replay will be available. Please visit Hewlett's IR website at ir.hewlett.com under the Events and Webcast section. Now I'd like to hand the conference over to your speaker host today, Ms. Harriet Hughes. Hugh is the Investor Relations Director. Please go ahead, Harriet.

Thank you, Alfreda. Hello everyone and welcome to our earnings conference call for the first quarter of 2021. Our financial and operating results were released earlier today and are currently available on our IR website and the newsletter. Before we continue, I would like to refer you to the safe harbor statement in our earnings press release which also applies to this call as we will be making forward-looking statements Please also note that we will discuss non-GAAP measures today, which are more thoroughly explained in our earnings release and followings with the SEC. Joining us today are our founder and CEO, Mr. Kenji Ma, COO, Mr. Li Jiang, co-CFO, Mr. Ming Han Xiao, and co-CFO, Mr. Ronald Chen. Mr. Ma will start the call by providing an overview of the company's performance and operational highlights for the fourth quarter of 2021. Mr. Tam will then provide details on the financial results for the period before we open up the call for questions. I will now turn the call over to Mr. Ma.

Hello, everyone. Thank you for attending the first quarter of 2021. Looking back at the improvement of the pandemic in China, with the opening of the insurance industry and the change of the new and old business, the insurance market has maintained a steady growth overall. According to the data issued by the Bank of China, in the first quarter, the insurance industry achieved a revenue of 180 million yuan from the original insurance fee, which increased by 5.5% from the same period last year. The total growth of health insurance business is 16.1%, 3,066.6 billion yuan. Under the guidance of the industry, we will continue to strengthen our labor capacity, accelerate the digital transformation process, and successfully acquire more market share. The stock market has increased by 1.3 times the total stock price, reaching RMB 13.9 billion. The total income has increased by 2 times, reaching RMB 1.3 billion. Since the start of the industry, it has reached 3.1 billion yuan.