Huize Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to the Hoysa Holdings Limited first half and second quarter 2021 earnings conference call. At this time all participants are in a listen only mode. After the management's prepared remarks, we will have a question and answer session. Today's conference call is being recorded and a webcast replay will be available. please visit Hoysa IR website at ir.huive.com under the events and webcast section. I'd now like to hand the conference over to your speaker, host of today's conference, Ms. Harriet Fu, Hoysa's Investor Relations Director. Please go ahead, ma'am.

Thank you, Operator. Hello, everyone, and welcome to our earnings conference call for the first half and second quarter of 2021. Our financial and operating results were released earlier today and are currently available on both our IELTS websites 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 filing with the ACC. Joining us today are our founder and CEO, Mr. Sunjin Ma, COO, Mr. Li Jiang, co-CFO, Mr. Minghan 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 first half and second quarter of 2021. Mr. Chen 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.

Welcome to the second quarter of the second quarter of the first half of 2021. The first half of the year, our performance has created a new height in history. In this challenging industry environment, it is especially difficult to return. In the first half of the year, the total investment of the platform reached RMB 20.6 billion, which increased by 72.7%. The total revenue reached RMB 9.5 billion, which increased by nearly double. The growth of the raw material cost of the industry, especially in the second quarter, was affected by the opening red of the beginning of the year and the downfall of the first quarter, which determined the price of the product. The need for customer investment was released in advance. Ren Shengxian's company also had a negative growth. In the general sales of the insurance industry, it achieved a total cost of 6.7 billion yuan, and still maintained a double-digit growth.