Fanhua Inc. (AIFU) Balance Sheet
AIFU balance sheet, 2025
December 31, 2025 · Chinese yuanCN¥1.53B assets = CN¥1.06B liabilities + CN¥471.1M equity
Both columns are drawn to the same scale: what AIFU owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AIFU financial health
Debt / equity0.18
Low leverage · CN¥0.18 of debt for each $1 of equity
Cash / debt41.8%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
AIFU balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | CN¥4.24B2016 | CN¥1.53B2025 | −10.7%/yr | |
| Total liabilities | CN¥834.5M2016 | CN¥1.06B2025 | +2.7%/yr | |
| Shareholders’ equity | CN¥3.29B2016 | CN¥478.5M2025 | −19.3%/yr | |
| Cash & short-term investments | CN¥3.03B2016 | CN¥36.3M2025 | −38.8%/yr | |
| Total debt | CN¥194.7M2019 | CN¥86.8M2025 | −12.6%/yr | |
| Net cash (debt) | CN¥1.59B2019 | −CN¥50.5M2025 | −CN¥1.6B | |
| Working capital | CN¥2.95B2016 | CN¥91.6M2025 | −CN¥2.9B | |
| Debt / equity | 0.102019 | 0.182025 | +0.08 | |
| Shares outstanding | 6.0M2016 | 10.1M2025 | +5.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AIFU assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
AIFU liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
AIFU debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AIFU balance sheet in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | CN¥36.3M | CN¥821.3M | CN¥1.55B | CN¥915.3M | CN¥1.44B | CN¥1.55B | CN¥1.78B | CN¥2.33B | CN¥2.86B | CN¥3.03B |
| Cash & equivalents | CN¥31.1M | CN¥192.1M | CN¥521.5M | CN¥567.5M | CN¥564.6M | CN¥245.4M | CN¥169.7M | CN¥772.8M | CN¥363.7M | CN¥237.0M |
| Short-term investments | CN¥5.2M | CN¥629.2M | CN¥1.02B | CN¥347.8M | CN¥870.7M | CN¥1.31B | CN¥1.61B | CN¥1.55B | CN¥2.50B | CN¥2.80B |
| Receivables | CN¥549.6M | CN¥1.14B | CN¥699.2M | CN¥898.6M | CN¥657.4M | CN¥588.8M | CN¥707.8M | CN¥567.5M | CN¥215.1M | CN¥565.1M |
| Inventory | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Other current assets | CN¥17.9M | CN¥79.3M | CN¥130.2M | CN¥479.7M | CN¥173.4M | CN¥169.7M | CN¥191.9M | CN¥166.7M | CN¥1.05B | CN¥94.7M |
| Total current assets | CN¥603.8M | CN¥2.04B | CN¥2.38B | CN¥2.29B | CN¥2.27B | CN¥2.31B | CN¥2.68B | CN¥3.06B | CN¥4.13B | CN¥3.69B |
| Property, plant & equipment (net) | CN¥96.5M | CN¥153.2M | CN¥227.7M | CN¥243.5M | CN¥272.5M | CN¥237.2M | CN¥231.2M | CN¥37.9M | CN¥26.1M | CN¥31.3M |
| Goodwill & intangible assets | CN¥0 | CN¥0 | CN¥432.5M | CN¥110.0M | CN¥109.9M | CN¥109.9M | CN¥110.2M | CN¥111.1M | CN¥127.1M | CN¥181.5M |
| Long-term investments | CN¥361.8M | CN¥1.16B | CN¥156.9M | CN¥4.0M | CN¥335.8M | CN¥357.7M | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Other non-current assets | CN¥466.0M | CN¥801.9M | CN¥858.2M | CN¥438.4M | CN¥257.9M | CN¥64.5M | CN¥417.7M | CN¥656.4M | CN¥452.1M | CN¥331.1M |
| Total assets | CN¥1.53B | CN¥4.15B | CN¥4.05B | CN¥3.09B | CN¥3.24B | CN¥3.08B | CN¥3.44B | CN¥3.87B | CN¥4.74B | CN¥4.24B |
| Liabilities | ||||||||||
| Accounts payable | CN¥81.1M | CN¥113.3M | CN¥251.2M | CN¥362.4M | CN¥335.7M | CN¥377.4M | CN¥382.9M | CN¥332.7M | CN¥203.0M | CN¥241.0M |
| Short-term debt | CN¥71.3M | CN¥171.0M | CN¥221.5M | CN¥98.0M | CN¥100.7M | CN¥99.4M | CN¥91.5M | — | — | — |
| Deferred revenue | — | — | — | — | — | — | — | — | CN¥14.1M | CN¥19.3M |
| Total current liabilities | CN¥512.2M | CN¥816.9M | CN¥1.02B | CN¥952.0M | CN¥908.7M | CN¥929.2M | CN¥948.0M | CN¥905.6M | CN¥661.9M | CN¥747.1M |
| Long-term debt | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Lease obligations | CN¥30.8M | CN¥71.5M | CN¥128.5M | CN¥136.5M | CN¥215.3M | CN¥189.8M | — | — | — | — |
| Other long-term liabilities | CN¥544.8M | CN¥703.7M | CN¥689.6M | CN¥406.2M | CN¥373.1M | CN¥197.1M | CN¥448.4M | CN¥214.3M | CN¥87.5M | CN¥87.4M |
| Total liabilities | CN¥1.06B | CN¥1.52B | CN¥1.71B | CN¥1.36B | CN¥1.28B | CN¥1.13B | CN¥1.40B | CN¥162.9M | CN¥749.3M | CN¥834.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | CN¥60.2M | CN¥8.7M | CN¥8.7M | CN¥8.1M | CN¥8.1M | CN¥8.1M | CN¥9.2M | CN¥9.6M | CN¥9.6M | CN¥8.7M |
| Retained earnings (deficit) | −CN¥235.5M | CN¥1.79B | CN¥1.32B | CN¥1.09B | CN¥1.31B | CN¥1.31B | CN¥1.48B | CN¥1.80B | CN¥1.47B | CN¥1.02B |
| Accumulated other comprehensive income | CN¥251.8M | CN¥556.0M | CN¥580.4M | CN¥526.9M | CN¥518.1M | CN¥518.9M | CN¥443.3M | CN¥387.6M | CN¥217.9M | CN¥245.7M |
| Minority interest | −CN¥7.4M | CN¥83.9M | CN¥266.3M | CN¥107.9M | — | — | — | — | — | — |
| Total shareholders' equity | CN¥478.5M | CN¥2.55B | CN¥2.07B | CN¥1.62B | CN¥1.84B | CN¥1.83B | CN¥1.93B | CN¥2.63B | CN¥3.88B | CN¥3.29B |
| Key figures | ||||||||||
| Total debt | CN¥86.8M | CN¥206.5M | CN¥292.8M | CN¥172.2M | CN¥228.9M | CN¥203.0M | CN¥194.7M | — | — | — |
| Net cash (debt) | −CN¥50.5M | CN¥614.8M | CN¥1.25B | CN¥743.1M | CN¥1.21B | CN¥1.35B | CN¥1.59B | — | — | — |
| Working capital | CN¥91.6M | CN¥1.22B | CN¥1.35B | CN¥1.34B | CN¥1.36B | CN¥1.38B | CN¥1.73B | CN¥2.16B | CN¥3.47B | CN¥2.95B |
| Tangible book value | CN¥478.5M | CN¥2.55B | CN¥1.64B | CN¥1.51B | CN¥1.73B | CN¥1.72B | CN¥1.82B | CN¥2.52B | CN¥3.75B | CN¥3.11B |
| Shares outstanding | 10.1M | 5.4M | 5.4M | 5.4M | 5.4M | 5.4M | 5.5M | 6.2M | 6.3M | 6.0M |
| Current ratio | 1.18 | 2.50 | 2.32 | 2.41 | 2.49 | 2.49 | 2.83 | 3.38 | 6.24 | 4.95 |
| Quick ratio | 1.14 | 2.40 | 2.19 | 1.91 | 2.30 | 2.31 | 2.63 | 3.20 | 4.65 | 4.82 |
| Debt / equity | 0.18 | 0.08 | 0.14 | 0.11 | 0.12 | 0.11 | 0.10 | — | — | — |
| Equity / assets | 31.3% | 61.3% | 51.1% | 52.5% | 56.7% | 59.5% | 56.1% | 68.1% | 81.8% | 77.5% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | CN¥36.3M | CN¥36.3M | CN¥621.1M | CN¥821.3M | CN¥821.3M | CN¥770.1M | CN¥1.55B | CN¥1.55B | CN¥1.50B | CN¥1.61B | CN¥1.27B | CN¥915.3M |
| Cash & equivalents | CN¥31.1M | CN¥31.1M | CN¥77.3M | CN¥192.1M | CN¥192.1M | CN¥189.5M | CN¥521.5M | CN¥521.5M | CN¥554.9M | CN¥582.2M | CN¥574.6M | CN¥567.5M |
| Short-term investments | CN¥5.2M | CN¥5.2M | CN¥543.8M | CN¥629.2M | CN¥629.2M | CN¥580.6M | CN¥1.02B | CN¥1.02B | CN¥943.5M | CN¥1.03B | CN¥696.4M | CN¥347.8M |
| Receivables | CN¥549.6M | CN¥65.5M | CN¥1.45B | CN¥1.14B | CN¥1.14B | CN¥1.30B | CN¥699.2M | CN¥699.2M | CN¥702.1M | CN¥1.10B | CN¥1.06B | CN¥898.6M |
| Inventory | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Other current assets | CN¥17.9M | CN¥502.0M | CN¥22.8M | CN¥79.3M | CN¥79.3M | CN¥92.3M | CN¥130.2M | CN¥130.2M | CN¥246.4M | CN¥81.3M | CN¥296.2M | CN¥479.7M |
| Total current assets | CN¥603.8M | CN¥603.8M | CN¥2.09B | CN¥2.04B | CN¥2.04B | CN¥2.16B | CN¥2.38B | CN¥2.38B | CN¥2.45B | CN¥2.79B | CN¥2.63B | CN¥2.29B |
| Property, plant & equipment (net) | CN¥96.5M | CN¥96.5M | CN¥128.5M | CN¥153.2M | CN¥153.2M | CN¥198.2M | CN¥227.7M | CN¥227.7M | CN¥202.7M | CN¥206.3M | CN¥229.5M | CN¥243.5M |
| Goodwill & intangible assets | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥421.9M | CN¥432.5M | CN¥432.5M | CN¥476.7M | CN¥481.5M | CN¥481.3M | CN¥110.0M |
| Long-term investments | CN¥0 | CN¥361.8M | CN¥0 | CN¥0 | CN¥1.16B | CN¥8.6M | CN¥0 | CN¥156.9M | CN¥3.3M | CN¥3.5M | CN¥0 | CN¥0 |
| Other non-current assets | CN¥827.9M | CN¥466.0M | CN¥1.03B | CN¥1.96B | CN¥801.9M | CN¥1.03B | CN¥1.02B | CN¥858.2M | CN¥875.9M | CN¥673.4M | CN¥562.8M | CN¥442.4M |
| Total assets | CN¥1.53B | CN¥1.53B | CN¥3.25B | CN¥4.15B | CN¥4.15B | CN¥3.82B | CN¥4.05B | CN¥4.05B | CN¥4.01B | CN¥4.15B | CN¥3.90B | CN¥3.09B |
| Liabilities | ||||||||||||
| Accounts payable | CN¥81.1M | CN¥81.1M | CN¥214.2M | CN¥113.3M | CN¥113.3M | CN¥337.8M | CN¥251.2M | CN¥251.2M | CN¥320.0M | CN¥620.7M | CN¥593.9M | CN¥362.4M |
| Short-term debt | CN¥71.3M | — | CN¥110.1M | CN¥171.0M | CN¥171.0M | CN¥147.9M | CN¥221.5M | CN¥221.5M | CN¥248.3M | CN¥250.9M | CN¥267.3M | CN¥98.0M |
| Total current liabilities | CN¥512.2M | CN¥512.2M | CN¥561.5M | CN¥816.9M | CN¥816.9M | CN¥833.3M | CN¥1.02B | CN¥1.02B | CN¥1.00B | CN¥1.34B | CN¥1.33B | CN¥952.0M |
| Long-term debt | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Lease obligations | — | CN¥30.8M | CN¥55.3M | — | CN¥71.5M | CN¥107.2M | — | CN¥128.5M | CN¥104.2M | CN¥103.2M | — | — |
| Other long-term liabilities | CN¥544.8M | CN¥544.8M | CN¥596.8M | CN¥703.7M | CN¥703.7M | CN¥674.0M | CN¥689.6M | CN¥689.6M | CN¥596.2M | CN¥562.2M | CN¥408.4M | CN¥406.2M |
| Total liabilities | CN¥1.06B | CN¥1.06B | CN¥1.16B | CN¥1.52B | CN¥1.52B | CN¥1.51B | CN¥1.71B | CN¥1.71B | CN¥1.60B | CN¥1.91B | CN¥1.73B | CN¥1.36B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | CN¥60.2M | — | CN¥17.5M | CN¥8.7M | CN¥8.7M | CN¥8.7M | CN¥8.7M | CN¥8.7M | CN¥8.7M | CN¥8.7M | CN¥8.7M | CN¥8.1M |
| Retained earnings (deficit) | −CN¥235.5M | −CN¥235.5M | CN¥1.37B | CN¥1.79B | CN¥1.79B | CN¥1.32B | CN¥1.32B | CN¥1.32B | CN¥1.40B | CN¥1.22B | CN¥1.15B | CN¥1.09B |
| Accumulated other comprehensive income | CN¥251.8M | — | CN¥505.7M | CN¥556.0M | CN¥556.0M | CN¥575.2M | CN¥580.4M | CN¥580.4M | CN¥543.6M | CN¥538.5M | CN¥526.2M | CN¥526.9M |
| Minority interest | — | −CN¥7.4M | −CN¥7.3M | — | CN¥83.9M | — | — | — | — | — | — | — |
| Total shareholders' equity | CN¥478.5M | CN¥478.5M | CN¥2.10B | CN¥2.55B | CN¥2.55B | CN¥2.09B | CN¥2.07B | CN¥2.07B | CN¥2.14B | CN¥1.97B | CN¥1.90B | CN¥1.62B |
| Key figures | ||||||||||||
| Total debt | CN¥86.8M | — | CN¥137.3M | CN¥206.5M | CN¥206.5M | CN¥205.6M | CN¥292.8M | CN¥292.8M | CN¥304.1M | CN¥306.0M | CN¥335.1M | CN¥172.2M |
| Net cash (debt) | −CN¥50.5M | — | CN¥483.8M | CN¥614.8M | CN¥614.8M | CN¥564.5M | CN¥1.25B | CN¥1.25B | CN¥1.19B | CN¥1.31B | CN¥935.8M | CN¥743.1M |
| Working capital | CN¥91.6M | CN¥91.6M | CN¥1.53B | CN¥1.22B | CN¥1.22B | CN¥1.33B | CN¥1.35B | CN¥1.35B | CN¥1.45B | CN¥1.44B | CN¥1.30B | CN¥1.34B |
| Tangible book value | CN¥478.5M | CN¥478.5M | CN¥2.10B | CN¥2.55B | CN¥2.55B | CN¥1.66B | CN¥1.64B | CN¥1.64B | CN¥1.66B | CN¥1.49B | CN¥1.42B | CN¥1.51B |
| Shares outstanding | — | 672K | 3.4M | — | 1.13B | 1.13B | 5.4M | 2.7M | 5.4M | 5.4M | 5.4M | 5.4M |
| Current ratio | 1.18 | 1.18 | 3.72 | 2.50 | 2.50 | 2.59 | 2.32 | 2.32 | 2.44 | 2.07 | 1.98 | 2.41 |
| Quick ratio | 1.14 | 0.20 | 3.68 | 2.40 | 2.40 | 2.48 | 2.19 | 2.19 | 2.20 | 2.01 | 1.76 | 1.91 |
| Debt / equity | 0.18 | — | 0.07 | 0.08 | 0.08 | 0.10 | 0.14 | 0.14 | 0.14 | 0.16 | 0.18 | 0.11 |
| Equity / assets | 31.3% | 31.3% | 64.6% | 61.3% | 61.3% | 54.6% | 51.1% | 51.1% | 53.4% | 47.4% | 48.6% | 52.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 28, 2026); data from EODHD.
AIFU financial position
At the end of fiscal 2025 (December 31, 2025), Fanhua had total assets of CN¥1.5 billion (down 63.2% from a year earlier), total liabilities of CN¥1.1 billion and shareholders' equity of CN¥478.5 million. It held CN¥36.3 million in cash and short-term investments against CN¥86.8 million of debt, net debt of CN¥50.5 million. Its current ratio was 1.18. In the latest quarter (ended March 31, 2026) total assets were CN¥1.5 billion and equity CN¥478.5 million.
Related: AIFU income statement, AIFU cash flow statement, AIFU key metrics. See the AIFU stock overview for the latest quote and news.
AIFU balance sheet FAQ
What are Fanhua's total assets?
Fanhua reported total assets of CN¥1.5 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥4.2 billion a year earlier.
How much debt does Fanhua have?
Fanhua had CN¥86.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.18.
How much cash does Fanhua have?
Fanhua held CN¥36.3 million in cash and short-term investments at the end of fiscal 2025; with CN¥86.8 million of debt that is net debt of CN¥50.5 million.
What is Fanhua's book value?
Fanhua's shareholders' equity (book value) was CN¥478.5 million at the end of fiscal 2025.
What is Fanhua's current ratio?
Fanhua had current assets of CN¥603.8 million and current liabilities of CN¥512.2 million, a current ratio of 1.18 (it can cover its short-term obligations).