Fanhua Inc. (AIFU) Income Statement
AIFU 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanAIFU revenue and net income
Where AIFU's revenue goes
2025Each bar shows an amount and its share of revenue. AIFU kept −408.8% of revenue as net income.
AIFU profit margins
AIFU growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −69.2% | −41.5% | −29.8% | −13.8% |
| Gross profit | −60.6% | −34.7% | −23.6% | −7.6% |
| Operating income | — | — | — | — |
| Net income | −600.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AIFU income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥556.6M | CN¥1.81B | CN¥3.20B | CN¥2.78B | CN¥3.27B | CN¥3.27B | CN¥3.71B | CN¥3.47B | CN¥4.09B | CN¥4.08B |
| Cost of revenue | CN¥282.3M | CN¥1.11B | CN¥2.15B | CN¥1.80B | CN¥2.12B | CN¥2.21B | CN¥2.48B | CN¥2.35B | CN¥3.06B | CN¥3.11B |
| Gross profit | CN¥274.3M | CN¥696.0M | CN¥1.05B | CN¥986.0M | CN¥1.16B | CN¥1.05B | CN¥1.22B | CN¥1.13B | CN¥1.03B | CN¥976.3M |
| Sales, general & admin | CN¥313.3M | CN¥727.7M | CN¥857.1M | CN¥817.3M | CN¥854.0M | CN¥752.1M | CN¥753.2M | CN¥699.5M | CN¥755.9M | CN¥984.7M |
| Total operating expenses | CN¥1.87B | CN¥1.13B | CN¥857.1M | CN¥817.3M | CN¥854.0M | CN¥752.1M | CN¥753.2M | CN¥699.5M | CN¥755.9M | CN¥984.7M |
| Operating income | −CN¥1.60B | −CN¥435.8M | CN¥195.8M | CN¥168.7M | CN¥301.9M | CN¥302.2M | CN¥469.4M | CN¥425.7M | CN¥273.1M | −CN¥8.5M |
| Interest income | CN¥30.2M | CN¥12.4M | CN¥5.7M | CN¥13.7M | CN¥3.0M | CN¥13.4M | — | — | — | — |
| Interest expense | CN¥3.7M | CN¥3.3M | CN¥10.1M | — | — | — | — | — | — | — |
| Income before taxes | −CN¥2.27B | CN¥408.2M | CN¥348.5M | CN¥126.7M | CN¥350.5M | CN¥359.6M | CN¥336.4M | CN¥841.7M | CN¥614.0M | CN¥172.3M |
| Income taxes | CN¥4.0M | CN¥98.7M | CN¥59.4M | CN¥41.0M | CN¥90.6M | CN¥83.4M | CN¥143.8M | CN¥224.6M | CN¥167.8M | CN¥27.2M |
| Net income | −CN¥2.28B | CN¥455.0M | CN¥280.5M | CN¥100.3M | CN¥251.0M | CN¥268.3M | CN¥188.9M | CN¥609.9M | CN¥449.2M | CN¥157.0M |
| EBITDA | −CN¥2.26B | −CN¥2.4M | CN¥229.9M | CN¥188.1M | CN¥320.3M | CN¥320.1M | CN¥486.6M | CN¥452.5M | CN¥320.4M | CN¥25.3M |
| Gross margin | 49.3% | 38.5% | 32.9% | 35.4% | 35.3% | 32.3% | 33.0% | 32.4% | 25.2% | 23.9% |
| Operating margin | −287.3% | −24.1% | 6.1% | 6.1% | 9.2% | 9.2% | 12.7% | 12.3% | 6.7% | −0.2% |
| Net margin | −408.8% | 25.2% | 8.8% | 3.6% | 7.7% | 8.2% | 5.1% | 17.6% | 11.0% | 3.8% |
| Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥603.4M | CN¥603.4M | CN¥634.6M | CN¥1.13B | CN¥827.7M | CN¥767.4M | CN¥624.7M | CN¥703.1M | CN¥686.4M | CN¥802.6M | CN¥683.5M | CN¥689.9M |
| Cost of revenue | CN¥383.4M | CN¥383.4M | CN¥399.4M | CN¥809.5M | CN¥553.1M | CN¥494.4M | CN¥393.4M | CN¥457.1M | CN¥450.7M | CN¥504.9M | CN¥440.9M | CN¥431.7M |
| Gross profit | CN¥220.0M | CN¥220.0M | CN¥235.3M | CN¥323.1M | CN¥274.6M | CN¥273.0M | CN¥231.3M | CN¥246.0M | CN¥235.7M | CN¥297.7M | CN¥242.7M | CN¥258.2M |
| Sales, general & admin | CN¥203.7M | CN¥203.7M | CN¥202.1M | CN¥237.1M | CN¥214.3M | CN¥188.1M | CN¥199.2M | CN¥215.0M | CN¥215.1M | CN¥215.4M | CN¥214.5M | CN¥207.2M |
| Total operating expenses | CN¥203.7M | CN¥203.7M | CN¥202.1M | CN¥237.1M | CN¥214.3M | CN¥188.1M | CN¥199.2M | CN¥215.0M | CN¥215.1M | CN¥215.4M | CN¥214.5M | CN¥207.2M |
| Operating income | CN¥16.2M | CN¥16.2M | CN¥33.2M | CN¥86.0M | CN¥60.4M | CN¥84.9M | CN¥32.2M | CN¥31.0M | CN¥20.6M | CN¥82.3M | CN¥28.2M | CN¥51.0M |
| Interest income | — | CN¥6.8M | CN¥3.4M | CN¥3.8M | CN¥5.3M | — | — | — | — | — | — | — |
| Interest expense | — | — | CN¥2.7M | CN¥2.7M | — | — | — | — | — | — | — | — |
| Income before taxes | −CN¥10.1M | −CN¥9.5M | CN¥176.9M | CN¥103.1M | CN¥78.6M | CN¥84.0M | CN¥41.8M | CN¥29.8M | −CN¥35.3M | CN¥51.1M | CN¥46.1M | CN¥85.3M |
| Income taxes | CN¥5.0M | CN¥5.0M | CN¥16.1M | CN¥20.2M | CN¥18.1M | CN¥18.5M | CN¥8.6M | CN¥1.1M | CN¥6.3M | CN¥32.7M | CN¥9.3M | CN¥15.9M |
| Net income | −CN¥27.2M | −CN¥27.2M | CN¥170.7M | CN¥76.5M | CN¥60.5M | CN¥70.6M | CN¥35.4M | CN¥32.1M | −CN¥37.8M | CN¥10.9M | CN¥34.2M | CN¥67.4M |
| EBITDA | −CN¥170.9M | −CN¥5.2M | CN¥179.8M | CN¥106.1M | CN¥60.4M | CN¥84.9M | CN¥42.4M | CN¥33.8M | CN¥20.6M | CN¥82.3M | CN¥28.2M | CN¥51.0M |
| Gross margin | 36.5% | 36.5% | 37.1% | 28.5% | 33.2% | 35.6% | 37.0% | 35.0% | 34.3% | 37.1% | 35.5% | 37.4% |
| Operating margin | 2.7% | 2.7% | 5.2% | 7.6% | 7.3% | 11.1% | 5.1% | 4.4% | 3.0% | 10.3% | 4.1% | 7.4% |
| Net margin | −4.5% | −4.5% | 26.9% | 6.8% | 7.3% | 9.2% | 5.7% | 4.6% | −5.5% | 1.4% | 5.0% | 9.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in AIFU's financial statements (latest annual report filed April 28, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AIFU financial results
In fiscal year 2025 (ended December 31, 2025), Fanhua reported revenue of CN¥556.6 million, down 69.2% from the year before. It had a net loss of CN¥2.3 billion, a net profit margin of −408.8%. Over five years revenue grew at an average rate of −29.8% a year. Figures are in Chinese yuan, the currency of its financial statements.
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AIFU income statement FAQ
What is Fanhua's annual revenue?
Fanhua reported total revenue of CN¥556.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 69.2% from CN¥1.8 billion the previous year.
Is Fanhua profitable?
No. Fanhua reported a net loss of CN¥2.3 billion in fiscal 2025, a net profit margin of −408.8%; its operating margin was −287.3%.
What is Fanhua's gross margin?
Fanhua's gross margin was 49.3% in fiscal 2025: for every $100 of revenue, Fanhua kept $49 after the direct cost of its products and services.
How fast is Fanhua growing?
Revenue grew −29.8% a year on average over the last five fiscal years, from CN¥3.3 billion to CN¥556.6 million.
When does Fanhua's fiscal year end?
Fanhua's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 28, 2026.