Huize Holding Ltd: Intangible Assets & Business Combinations in 2024
Ticker: HUIZ · Form: 20-F · Filed: Apr 23, 2025 · CIK: 1778982
| Field | Detail |
|---|---|
| Company | Huize Holding Ltd (HUIZ) |
| Form Type | 20-F |
| Filed Date | Apr 23, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: intangible-assets, business-combination, subsidiary-acquisition, financial-reporting
TL;DR
Huize spent RMB18.1M on intangibles in 2024, with 2023 seeing license shifts from disposals/acquisitions.
AI Summary
Huize Holding Ltd's 20-F filing for the fiscal year ending December 31, 2024, details significant changes in intangible assets. The company acquired intangible assets worth RMB18,174 through a business combination and recorded depreciation expenses of RMB10,269 for 2024. In 2023, a subsidiary disposal decreased insurance agency licenses by RMB4,333, while a subsidiary acquisition increased insurance brokerage licenses by RMB3,879.
Why It Matters
This filing provides insight into Huize's strategic acquisitions and divestitures, impacting its asset base and potentially its future revenue streams from insurance brokerage and agency services.
Risk Assessment
Risk Level: medium — The filing discusses business combinations and subsidiary changes, which can introduce integration risks and affect financial performance.
Key Numbers
- RMB18,174 — Intangible Assets Acquired (Acquired in a business combination during the year ended December 2024.)
- RMB10,269 — Depreciation Expenses (For the year ended December 31, 2024.)
- RMB1,950 — Impairment Loss (Recorded in general and administrative expenses for the year ended December 31, 2023.)
Key Players & Entities
- Huize Holding Ltd (company) — Filer of the 20-F report
- RMB18,174 (dollar_amount) — Acquired intangible assets in 2024
- RMB10,269 (dollar_amount) — Depreciation expenses in 2024
- RMB4,333 (dollar_amount) — Decrease in insurance agency license in 2023
- RMB3,879 (dollar_amount) — Increase in insurance brokerage license in 2023
FAQ
What was the nature of the business combination that led to the acquisition of RMB18,174 in intangible assets?
The filing does not specify the nature of the business combination but notes the intangible assets were measured at fair value upon acquisition.
What is the current status of Huize's insurance agency and brokerage licenses after the 2023 transactions?
In 2023, there was a decrease of RMB4,333 in insurance agency licenses due to a subsidiary disposal and an increase of RMB3,879 in insurance brokerage licenses due to a subsidiary acquisition.
Were there any impairment losses recorded in 2024?
No, impairment losses recorded in general and administrative expenses were nil for the year ended December 31, 2024.
How have depreciation expenses for intangible assets changed over the last three fiscal years?
Depreciation expenses decreased from RMB17,319 in 2022 to RMB12,413 in 2023, and further to RMB10,269 in 2024.
What were the amortization expenses for intangible assets in 2024?
Amortization expenses for the year ended December 31, 2024, were RMB1,189.
Filing Details
This Form 20-F (Form 20-F) was filed with the SEC on April 23, 2025 regarding Huize Holding Ltd (HUIZ).