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Segment Information
 12 Months Ended
Dec. 31, 2023
Segment Information  
Segment Information

12.

Segment Information

As disclosed in Note 2(cc), beginning with the second quarter of 2023, the Group’s CODM started to manage the business by three operating segments and assess the performance and allocate resources under the new operating segment structure. Therefore, the Group organized and reported its business in three operating segments:(1) Insurance, which mainly includes insurance brokerage service and technical service; (2) Crowdfunding, which mainly includes crowdfunding service; and (3) Others, which mainly include digital clinical trial solution and other new initiatives.

The CODM measures the performance of each segment based on metrics of revenues and operating (loss)/profit and uses these results to evaluate the performance of, and to allocate resources to, each of the segments. The Group currently does not allocate assets and share-based compensation expenses to its segments, as the CODM does not use such information to allocate resources to or evaluate the performance of the operating segments. As most of the Group’s long-lived assets are located in the PRC and most of the Group’s revenues are derived from the PRC, no geographical information is presented.

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12.

Segment Information (Continued)

The table below provides a summary of the Group’s operating segment results, with prior period segment information retrospectively recast to conform to current period presentation.

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Year Ended December 31,

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2021

    

2022

    

2023

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RMB

​

RMB

​

RMB

    

USD

Operating revenue, net

 

  

 

  

 

  

 

  

Insurance

 

3,071,009

 

2,559,160

 

2,340,915

 

329,711

Crowdfunding

 

—

 

155,803

 

162,683

 

22,913

Others

 

134,905

 

86,805

 

127,109

 

17,903

Total consolidated operating revenue, net

 

3,205,914

 

2,801,768

 

2,630,707

 

370,527

Operating (loss)/profit

 

  

 

  

 

  

 

  

Insurance

 

(811,319)

 

1,035,088

 

528,137

 

74,387

Crowdfunding

 

(674,977)

 

(254,175)

 

(245,776)

 

(34,617)

Others

 

(150,385)

 

(190,900)

 

(155,235)

 

(21,865)

Total segment operating (loss)/profit

 

(1,636,681)

 

590,013

 

127,126

 

17,905

Unallocated item*

 

(226,161)

 

(112,026)

 

(133,869)

 

(18,855)

Total consolidated operating (loss)/profit

 

(1,862,842)

 

477,987

 

(6,743)

 

(950)

Total other income

 

67,775

 

152,706

 

170,983

 

24,083

(Loss)/Profit before income tax

 

(1,795,067)

 

630,693

 

164,240

 

23,133

Income tax benefit/(expense)

 

220,987

 

(22,976)

 

(555)

 

(78)

Net (loss)/profit

 

(1,574,080)

 

607,717

 

163,685

 

23,055

*    The share-based compensation represents an unallocated item in the segment information because the Group’s management does not consider this as part of the segment operating performance measure.