Consolidated Statements of Income and Comprehensive Income ¥ in Thousands, $ in Thousands |
12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2023
USD ($)
$ / shares
shares
|
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
|
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
|
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| Net revenues: | ||||||||
| Agency | ¥ 2,760,448 | $ 388,801 | ¥ 2,376,851 | ¥ 2,811,936 | ||||
| Life insurance business | 2,593,803 | 365,330 | 2,237,312 | 2,679,720 | ||||
| P&C insurance business | 166,645 | 23,471 | 139,539 | 132,216 | ||||
| Claims adjusting | 437,941 | 61,683 | 404,763 | 459,178 | ||||
| Total net revenues | 3,198,389 | 450,484 | 2,781,614 | 3,271,114 | | | ||
| Operating costs and expenses: | ||||||||
| Agency | (1,868,672) | (263,197) | (1,527,572) | (1,835,825) | ||||
| Life insurance business | (1,749,475) | (246,408) | (1,436,606) | (1,742,640) | ||||
| P&C insurance business | (119,197) | (16,789) | (90,966) | (93,185) | ||||
| Claims adjusting | (276,744) | (38,979) | (268,031) | (279,342) | ||||
| Total operating costs | (2,145,416) | (302,176) | (1,795,603) | (2,115,167) | | |||
| Selling expenses | (250,223) | (35,243) | (272,706) | (306,463) | ||||
| General and administrative expenses | (606,925) | (85,484) | (544,630) | (547,579) | ||||
| Total operating costs and expenses | (3,002,564) | (422,903) | (2,612,939) | (2,969,209) | | |||
| Income from operations | 195,825 | 27,581 | 168,675 | 301,905 | | | ||
| Other income, net: | | | ||||||
| Gains from fair value change | 102,867 | 14,489 | | | ||||
| Investment income related to the realized gain on available-for-sale investments | 49,106 | 6,917 | 17,809 | 32,898 | | | ||
| Interest income, net | 5,690 | 801 | 13,674 | 2,971 | | | ||
| Others, net | (3,670) | (517) | (3,823) | 33,314 | | | ||
| Total Other Income Expenses | 153993.0 | 21690.0 | 27660.0 | 69183.0 | 0.0 | |
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| Total Other Income Expenses | 153993.0 | 21690.0 | 27660.0 | 69183.0 | 0 | |
| |
| Income before income taxes, share of income and impairment of affiliates, net | 349,818 | 49,271 | 196,335 | 371,088 | | | | |
| Income tax expense | (59,402) | (8,367) | (41,016) | (90,574) | | |||
| Share of income of affiliates, net of impairment | (1,317) | (185) | (69,596) | (20,573) | | |||
| Net income | 289,099 | 40,719 | 85,723 | 259,941 | | |||
| Less: net income (loss) attributable to the noncontrolling interests | 8,622 | 1,215 | (14,549) | 8,952 | ||||
| Net income attributable to the Company’s shareholders | ¥ 280,477 | $ 39,504 | ¥ 100,272 | ¥ 250,989 | ||||
| Basic (in Dollars per share and Yuan Renminbi per share) | (per share) | ¥ 0.26 | $ 0.04 | ¥ 0.09 | ¥ 0.23 | ||||
| Diluted (in Dollars per share and Yuan Renminbi per share) | (per share) | ¥ 0.26 | $ 0.04 | ¥ 0.09 | ¥ 0.23 | ||||
| Basic (in Shares) | [1] | 1,074,372,067 | 1,074,372,067 | 1,074,196,310 | 1,073,891,784 | |||
| Diluted (in Shares) | 1,076,740,198 | 1,076,740,198 | 1,074,457,821 | 1,074,291,194 | ||||
| Foreign currency translation adjustments | ¥ 2,249 | $ 317 | ¥ 3,728 | ¥ (9,116) | ||||
| Unrealized net gains (loss) on available-for-sale investments | 2,458 | 346 | (1,919) | 6,252 | ||||
| Share of other comprehensive (loss) gain of affiliates | 4,688 | (1,281) | ||||||
| Total comprehensive income | 293,806 | 41,382 | 92,220 | 255,796 | ||||
| Less: Comprehensive income (loss) attributable to the noncontrolling interests | 8,622 | 1,215 | (14,549) | 8,952 | ||||
| Comprehensive income attributable to the Company’s shareholders | ¥ 285,184 | $ 40,167 | ¥ 106,769 | ¥ 246,844 | ||||
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- Definition Agency costs. No definition available.
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| X | ||||||||||
- Definition Amount of cost of claim adjusting business. No definition available.
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| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. No definition available.
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| X | ||||||||||
- Definition Life insurance business costs. No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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| X | ||||||||||
- Definition Amount of tax expense (benefit) allocated to other comprehensive income (loss) attributable to noncontrolling interest. No definition available.
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| X | ||||||||||
- Definition Property and casualty insurance business costs. No definition available.
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| X | ||||||||||
- Definition Revenue from agency. No definition available.
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| X | ||||||||||
- Definition Revenue from claims adjusting. No definition available.
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| X | ||||||||||
- Definition Revenue from life insurance business. No definition available.
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| X | ||||||||||
- Definition Revenue from P&C insurance business. No definition available.
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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| X | ||||||||||
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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