AIFU Inc.
AIFU · Insurance Agents, Brokers & Service · EDGAR filings ↗
Grade
D43Chinese insurance-distribution group with collapsing revenue and deeply negative margins after disposing of major business lines.
Strengths
- Sizable cash cushion (~$156M) gives a long ~32-quarter runway despite the cash burn
- Broad agent network (42,000+ agents, 67 insurer partners) and large legacy customer database
Risks
- Revenue fell 58% (3rd pct) with net margin -408% (3rd pct), ROE -4.76 (7th pct) and net income growth -6.0
- China VIE-restructuring and regulatory (NFRA) overhang; short-term, terminable insurer contracts
Notable findings
- Net lossNet loss (net margin -408.8%)
- Cash burnNegative free cash flow (-2.8M)
- Revenue declineRevenue -56.4% YoY
Key metrics
Operating margin
-7.0%
Net margin
-408.8%
Return on equity
-475.5%
Return on assets
-148.9%
Revenue growth (QoQ)
-56.4%
Net-income growth
-622.0%
Current ratio
1.2×
Free cash flow
-$3M
EBITDA
-$5M
Tangible book value
$68M
Cash & investments
$22M
Cash runway
32q
Stock comp / revenue
3.1%
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-28 | 2025-12-31 | 0001213900-26-048631 ↗ |
| 20-F | 2025-04-25 | 2024-12-31 | 0001213900-25-035604 ↗ |
| 20-F | 2024-04-29 | 2023-12-31 | 0001213900-24-037144 ↗ |
| 20-F | 2023-04-25 | 2022-12-31 | 0001213900-23-032473 ↗ |
| 20-F | 2022-04-29 | 2021-12-31 | 0001213900-22-022703 ↗ |
| 20-F | 2021-04-28 | 2020-12-31 | 0001213900-21-023229 ↗ |
| 20-F | 2020-04-29 | 2019-12-31 | 0001213900-20-010360 ↗ |
| 20-F | 2019-04-30 | 2018-12-31 | 0001213900-19-007482 ↗ |
| 20-F | 2018-04-20 | 2017-12-31 | 0001171843-18-002899 ↗ |
| 20-F | 2017-04-19 | 2016-12-31 | 0001213900-17-003986 ↗ |
| 20-F | 2016-04-21 | 2015-12-31 | 0001171843-16-009319 ↗ |
| 20-F | 2015-04-24 | 2014-12-31 | 0001171843-15-002153 ↗ |