AIFUNasdaqInsurance Agents, Brokers & ServiceFiscal year ends December 31
AIFU Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 28, 2026
$11.05−0.06 (-0.54%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
-7.0%−16.3 pts over 5 years
Net margin
-408.8%−417.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -58.2% | -41.5% | -29.8% | -13.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 5.1% | 14.3% | -150.4% | |
| Return on assets | 4.1% | 8.2% | -80.1% | |
| Current ratio | 4.95 | 2.49 | 1.18 | |
| Capex to revenue | 0.3% | 0.5% | 0.6% | |
| Diluted shares | 3M | 3M | 10M |
Where the cash went
Fiscal 2021 to 2025, five years combined
AIFU generated CN¥524.86M from operations and spent CN¥427.90M on capital expenditure, dividends and share buybacks. 31% of that went back into the business.
Generated
CN¥524.86M
Used
CN¥427.90M
Capital expenditureCN¥133.32M31%DividendsCN¥294.59M69%Share buybacksCN¥00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-408.8%
×Asset turnover0.20×
×Equity multiplier1.88×
=Return on equity, FY2025-150.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -408.8% | 0.20× | 1.88× | -150.4% |
| FY2024 | 34.2% | 0.32× | 1.78× | 19.7% |
| FY2023 | 10.2% | 0.77× | 1.93× | 15.2% |
| FY2022 | 3.6% | 0.88× | 1.83× | 5.8% |
| FY2021 | 7.7% | 1.03× | 1.72× | 13.7% |
| FY2020 | 8.2% | 1.00× | 1.73× | 14.3% |
| FY2019 | 5.2% | 1.01× | 1.60× | 8.4% |
| FY2018 | 17.8% | 0.81× | 1.32× | 19.0% |
| FY2017 | 11.0% | 0.91× | 1.25× | 12.6% |
| FY2016 | 4.1% | 0.99× | 1.25× | 5.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-CN¥2.28B
- Cash generatingOperating cash flow above zero-CN¥16.27M
- Return on assets improvedROA up on the prior year11.2% → -54.8%
- Earnings backed by cashOperating cash flow above net income-CN¥16.27M vs -CN¥2.28B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.50 → 1.18
- No dilutionShare count did not rise3M → 10M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.33 → 0.13