Huize Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to WHOISER Holding Limited's first quarter 2023 earnings conference call. At this time, all participants are in listen-only mode. After the management's prepared remarks, we will have the question and answer session. Today's conference call is being recorded and the webcast replay will be available. Please visit the WHOISER's IR website at ir.whoiser.com under the events and webcast section. I'd now like to hand the conference over to your speaker host today, Ms. Harriet Hu, who is our Investor Relations Director. Please go ahead, Harriet.

Thank you, operator. Hello, everyone. Welcome to our earnings conference call for the first quarter of 2023. 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 press release and file links with the ACC. Joining us today are our founder and CEO, Mr. Chunjun Ma, COO, Mr. Li Jiang. Co-CFO, Mr. Minghan Xiao, and Co-CFO, Mr. Ron Tam. Mr. Ma will start a call by providing an overview of the company's performance and operational highlights for the first quarter of 2023. 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. Welcome to the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first quarter of the first Compared with the fourth quarter of 2022, the three major indicators of insurance, income and profit have achieved a double growth. Basic plate stable development, the first quarter of the whole platform out of the total insurance has reached RMB19.3 billion, the return rate has increased by 33.4%, the total income is about RMB300 million, the return rate has increased by 15.7%. After adjustment,