ZHONGMIAO (01471) has released its annual results for the year ended December 31, 2025. The Group reported revenue of RMB248 million, representing a year-on-year increase of 20.51%. Profit attributable to equity shareholders was RMB51.7 million, up 10.81% compared to the previous year. Basic earnings per share were RMB0.37. The board proposed a final dividend of RMB0.16 per share.

Despite the adjusting market environment in the insurance intermediary industry, the company achieved counter-trend growth through ecosystem co-creation, scenario innovation, and technological empowerment. From 2021 to 2025, the total gross premiums facilitated by the Group grew from RMB670 million to RMB1.78 billion, representing a compound annual growth rate of 27.7%. For the year ended December 31, 2025, the Group's operating income reached RMB248 million, an increase of approximately 20.6% year-on-year. Net profit reached RMB56.9 million, an increase of approximately 23.2% compared to the same period last year. The company's total gross premiums, operating income, and net profit all achieved rapid year-on-year positive growth.

The company's ecosystem layout continued to improve, its technological capabilities steadily increased, and its platform value enhanced significantly. For the year ended December 31, 2025, net cash flow from operating activities amounted to RMB89.2 million, which is 1.6 times its net profit, representing a significant increase of 196.3% compared to the same period, demonstrating strong and high-quality cash generation ability.

The company will continue to adhere to its core development philosophy of "Technology • Scenario • Ecosystem," deepening its borderless ecosystem co-creation model. It will integrate high-quality resources from insurance, banking, technology, and other fields, expand ecosystem boundaries and service scenarios, and promote the synergistic development and ecological interconnection of its dual business lines: insurance distribution and financial technology. Leveraging its resource integration capabilities and differentiated business model, the company will extend ecosystem services towards providing full-scenario services for lifetime customers, continuously enhancing the platform's ecosystem value and industry influence, and steadily advancing towards its long-term goal of becoming a leading ecosystem-based financial technology service platform in China.