Huize Holding Limited

Ladies and gentlemen, thank you for standing by and welcome to Huizer's first quarter 2025 earnings conference call. At this time, all participants are in the listening mode. After the management prepared remarks, we will have a question and answer session. This conference call is being recorded and a webcast replay will be available on Huizer's IR website at ir.huizer.com under the events and webcast section. I would like to hand the conference over to your producer host today, the Caddy Low, Quasar's Investor Relations Manager. Please go ahead, Caddy.

Thank you, Operator. Hello, everyone, and welcome to our first quarter 2025 earnings conference call. Our financials and operational results were released earlier today and are currently available on both our IR website and global newswire services. 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 forelocking statements. Please also note that we will discuss non-GAAP measures today, which are more appropriately explained in our earnings release and followings with the SEC. Joining us today are our founder and CEO, Mr. Chen Junma, COO, Mr. Li Yang, Co-CEO, Mr. Min Hanxiao, and Co-CEO, Mr. Ron Pam. Mr. Ma will start the call by providing an overview of the company's performance and operational highlights, followed up by Mr. Cham, who will go over our financial results for the first quarter of 2025. Then we will open up the call for questions. I will now turn the call over to Mr. Ma.

大家好,欢迎大家参加汇德2025年的第一季度业绩发布电话会。 Hello everyone, and thank you for joining Huizhou's first quarter 2025 earnings conference call. 2025年,面对宏观经济与国际格局的持续波动, will always stick to the customer as the center. Based on the profound understanding of the needs of users over the years, we have taken advantage of the market trend and joined hands with TUBU Insurance Company to continue to improve product certification. At the same time, we have accelerated the deep application of AR technology in various business segments, and realized a significant decline in efficiency, and established a solid foundation for long-term value creation. In the first quarter, the company achieved a total revenue of 2.8 billion yuan, In 2025, again, the backdrop of ongoing macroeconomic and geopolitical volatility was to uphold this customer-centric approach.