Amy Chan's questions to Huize Holding (HUIZ) leadership • Q2 2025
Question
Amy Chan from Citi Research asked about the overseas business, specifically if the higher average ticket size was driven by participating sales in international markets like Hong Kong, the impact of regulatory changes on illustrated product returns, and Q3 sales momentum. She also inquired about the potential impact of upcoming regulatory caps on broker channel referral fees and commission spreading in Hong Kong, and requested the net profit outlook for the full year 2025.
Answer
Ronald Tam, Co-CFO, confirmed that regulatory changes on illustrated returns impacted Q2 demand for Hong Kong products, with revenue recognition likely in Q3. He stated that underlying demand for offshore products remains strong due to interest rate differentials, expecting sequential momentum to continue. For the net profit outlook, Mr. Tam expressed confidence in delivering a second-half profit for the year, anticipating meaningful sequential growth in Q3 earnings.