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Segment Information
 12 Months Ended
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.

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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,

​

​

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.