Huize Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to Huizhou Holdings Limited first quarter 2024 earnings conference call. At this time, all participants are in listen-only mode. After the management prepared remarks, we will have a question and answer session. Today's conference call is being recorded and the webcast replay will be available. Please visit Weihua IR websites at irhuihua.org under the event and webcast section. I would now like to hand the conference over to your speaker host today, Mr. Harriet Hu, Huihua's Investor Relations Director. Please go ahead, Harriet.

Thank you, operators. Hello, everyone, and welcome to our earnings conference call for the first quarter of 2024. 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 balance with the APC. Joining us today are our founder and CEO, Mr. Sunjin Ma, COO, Mr. Li Jiang, co-CFO, Mr. Minghan Xiao, and co-DFO, Mr. Ronald Tan. Mr. Ma will start a call by providing an overview of the company's performance and operational highlights for the first quarter of 2024. Mr. Tan 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. Welcome to the first quarter of the year, the first quarter of the year, the first quarter of the year, the first quarter of the year, the first quarter of the year, the first quarter of the year, the first quarter of the year, the first quarter of the year, the first quarter of the year, will take advantage of the diversified product supply, all-channel marketing capabilities, and the layout of international business to achieve a better business performance than the industry. In the first quarter, the total insurance fee for the entire platform was about RMB 17.2 billion, which increased by 38%. The total income was about RMB 3.1 billion, which increased by 31.5%. The net profit was about