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Segment Information | 12 Months Ended
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Dec. 31, 2024
Segment Information |
Segment Information |
12. | Segment Information
As disclosed in Note 2(cc), the Group organized and reported its business in the following segments:(1) Insurance, which mainly includes insurance brokerage service and technical service; and (2) Crowdfunding, which mainly includes crowdfunding service; and (3) Others, which do not individually or in the aggregate meet the quantitative and qualitative thresholds to be individually reportable and are aggregated. The CODM measures the performance of each segment based on metrics of operating profit/(loss) and uses these results to evaluate the performance of, and to allocate resources to, each of the segments by comparing actual operating profit/(loss) results to previously forecasted financial information. The Group currently does not allocate assets and share-based compensation expenses to its segments, as the information is not regularly provided to CODM 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. Amounts included in operating costs and expenses include: (1) personnel costs, (2) costs of referral and service fees, (3) marketing expense for third-party traffic channels, (4) professional service fees, and (5) expenses of facilities and equipment and others. ​
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. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31,
​ | ​ | 2022 |  | 2023 |  | 2024
​ | ​ | RMB | ​ | RMB | ​ | RMB |  | USD
Operating revenue, net |  |  |  |  |  |  |  |
Insurance |  | 2,559,160 | ​ | 2,340,915 | ​ | 2,363,777 | ​ | 323,836
Crowdfunding |  | 155,803 | ​ | 162,683 | ​ | 267,650 | ​ | 36,668
Others |  | 86,805 | ​ | 127,109 | ​ | 140,394 | ​ | 19,234
Total consolidated operating revenue, net |  | 2,801,768 | ​ | 2,630,707 | ​ | 2,771,821 | ​ | 379,738
Operating costs and expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Insurance | ​ | (1,524,072) | ​ | (1,812,778) | ​ | (1,886,572) | ​ | (258,459)
Crowdfunding | ​ | (409,978) | ​ | (408,459) | ​ | (362,734) | ​ | (49,694)
Others |  | (277,705) | ​ | (282,344) | ​ | (236,925) | ​ | (32,460)
Operating profit/(loss) |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Insurance |  | 1,035,088 | ​ | 528,137 | ​ | 477,205 | ​ | 65,377
Crowdfunding |  | (254,175) | ​ | (245,776) | ​ | (95,084) | ​ | (13,026)
Others |  | (190,900) | ​ | (155,235) | ​ | (96,531) | ​ | (13,226)
Total segment operating profit |  | 590,013 | ​ | 127,126 | ​ | 285,590 | ​ | 39,125
Unallocated items* |  | (112,026) | ​ | (133,869) | ​ | (107,432) | ​ | (14,718)
Total consolidated operating profit/(loss) |  | 477,987 | ​ | (6,743) | ​ | 178,158 | ​ | 24,407
Total other income |  | 152,706 | ​ | 170,983 | ​ | 182,432 | ​ | 24,992
Consolidated profit before income tax |  | 630,693 | ​ | 164,240 | ​ | 360,590 | ​ | 49,399
* The share-based compensation and impairment of intangible assets represent unallocated items in the segment information because the Group’s management does not consider this as part of the segment operating performance measure.

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- Definition The entire disclosure for reporting segments including data and tables. 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