Huize Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to CUSO's holding limited third quarter 2021 earnings conference call. At this time, all participants are in listen-only mode. After management's prepared remarks, we will have a question and answer session. Today's conference call has been recorded and a webcast replay will be available. Please visit CUSO's IR website at ir.cuso.com under the event and webcast session. I would now like to hand the conference over to speaker host, Ms. Harriet Hu, QSO's Investor Relations Director. Please go ahead, Harriet.

Thank you, Operator. Hello, everyone, and welcome to our earnings conference call for the third quarter of 2021. Our financial and operating results were released earlier today and are currently available on both our IR website and the Newswire. 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 file links with the SEC. Joining us today are our founder and CEO, Mr. Chunjin Ma, COO, Mr. Li Jiang, Co-CFO, Mr. Minghan Xiao, and Co-CFO, Mr. Ronald Tam. Mr. Mark will start a call by providing an overview of the company's performance and operational highlights for the third 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. Mark.

Hello, everyone. Welcome to the third quarter of the conference in 2021. I'm Ma Chengjun. Looking back at the third quarter, in the course of the epidemic, the development of the macroeconomic economy is still facing challenges, and the confidence of consumers is relatively weak. Consumption and demand of insurance has been the driving force for the growth of the industry. However, we are proud of the ability to optimize the digitalized business model, and the ability to continuously create new products and raise the value of users. We have flexibly adjusted the management strategy and the uncertainty of the matching market. In a low-medium industry environment, we have delivered a relatively stable answer sheet. In this category, the platform has generated a total insurance fee of 24%, which has increased to RMB 9.7 billion. The total operating income has reached RMB 3.2 billion.