Fanhua (AIFU) financial statements

Financial Services · Insurance Brokers · Market cap $1.4B

Fanhua reported revenue of 557M CNY in fiscal 2025, down 19.9% a year over 9 years.

Net income was -2.3B CNY and the operating margin -7.0%, against -0.2% in 2016.

Free cash flow was -20M CNY.

The diluted share count fell 99% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

-202462016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CNY, from Fanhua's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue4.1B CNY4.1B CNY3.5B CNY3.7B CNY3.3B CNY3.3B CNY2.8B CNY2.8B CNY1.3B CNY557M CNY
Selling, general and admin985M CNY-756M CNY700M CNY753M CNY752M CNY854M CNY817M CNY715M CNY575M CNY313M CNY
Operating income-8M CNY273M CNY426M CNY469M CNY302M CNY302M CNY169M CNY176M CNY-447M CNY-39M CNY
Pre-tax income124M CNY505M CNY667M CNY561M CNY362M CNY371M CNY196M CNY349M CNY401M CNY-2.3B CNY
Income tax27M CNY168M CNY225M CNY144M CNY83M CNY91M CNY41M CNY59M CNY92M CNY4M CNY
Net income168M CNY452M CNY617M CNY193M CNY268M CNY251M CNY100M CNY280M CNY455M CNY-2.3B CNY
EPS (diluted)0.13 CNY0.36 CNY0.49 CNY0.17 CNY0.25 CNY0.23 CNY0.09 CNY0.26 CNY0.42 CNY—
Diluted shares1.21B1.26B1.24B1.09B1.07B1.07B1.07B3M3M10M
Operating margin-0.2%6.7%12.3%12.7%9.2%9.2%6.1%6.4%-33.6%-7.0%
Net margin4.1%11.0%17.8%5.2%8.2%7.7%3.6%10.2%34.2%-408.8%

Balance sheet

Fiscal years, in CNY, from Fanhua's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments3.0B CNY2.9B CNY2.3B CNY1.8B CNY1.6B CNY1.4B CNY899M CNY1.4B CNY721M CNY31M CNY
Receivables502M CNY515M CNY508M CNY682M CNY385M CNY846M CNY1.1B CNY280M CNY95M CNY66M CNY
Total current assets3.7B CNY4.1B CNY3.1B CNY2.7B CNY2.3B CNY2.3B CNY2.3B CNY2.4B CNY2.0B CNY604M CNY
Property, plant and equipment31M CNY26M CNY38M CNY41M CNY37M CNY47M CNY98M CNY92M CNY71M CNY63M CNY
Goodwill122M CNY110M CNY110M CNY110M CNY110M CNY110M CNY110M CNY374M CNY——
Total assets4.2B CNY4.7B CNY3.9B CNY3.4B CNY3.1B CNY3.2B CNY3.1B CNY4.1B CNY4.2B CNY1.5B CNY
Total current liabilities747M CNY662M CNY906M CNY948M CNY929M CNY909M CNY952M CNY1.0B CNY817M CNY512M CNY
Total liabilities834M CNY749M CNY1.1B CNY1.4B CNY1.1B CNY1.3B CNY1.4B CNY1.7B CNY1.5B CNY1.1B CNY
Shareholders' equity3.3B CNY3.9B CNY2.6B CNY1.9B CNY1.8B CNY1.8B CNY1.6B CNY2.1B CNY2.5B CNY479M CNY
Net debt-237M CNY-364M CNY-773M CNY-170M CNY-245M CNY-565M CNY-568M CNY-522M CNY-106M CNY-31M CNY

Cash flow

Fiscal years, in CNY, from Fanhua's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow88M CNY152M CNY524M CNY178M CNY402M CNY126M CNY138M CNY102M CNY143M CNY-16M CNY
Capital spending12M CNY21M CNY23M CNY20M CNY15M CNY31M CNY78M CNY13M CNY8M CNY3M CNY
Free cash flow76M CNY131M CNY501M CNY159M CNY387M CNY95M CNY60M CNY89M CNY134M CNY-20M CNY
Stock-based compensation———393,000 CNY-393,000 CNY—461,000 CNY17M CNY39M CNY17M CNY
Dividends paid—137M CNY327M CNY435M CNY388M CNY243M CNY52M CNY———
Share buybacks (net)——-147M CNY8M CNY——————
Net borrowing—-103M CNY————————
Free cash flow margin1.9%3.2%14.4%4.3%11.8%2.9%2.2%3.2%10.1%-3.5%
Dividends per share—0.11 CNY0.26 CNY0.40 CNY0.36 CNY0.23 CNY0.05 CNY———
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Questions

What was Fanhua's revenue in 2025?

557M CNY in fiscal 2025, from its 10-K filing.

How much free cash flow does Fanhua generate?

-20M CNY in fiscal 2025 (operating cash flow minus capital spending).

From Fanhua's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.