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BEIJING, June 10, 2026 (GLOBE NEWSWIRE) -- Yuanbao Inc. (“Yuanbao” or the “Company”) (NASDAQ: YB), a leading technology-driven online insurance distributor in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.

北京，2026年6月10日（全球新闻通讯）——Yuanbao Inc.（“Yuanbao” 或 “公司”）（纳斯达克：YB），中国领先的技术驱动在线保险分销商，今天公布了截至2026年3月31日的第一季度未经审计的财务业绩。

First Quarter 2026 Financial Highlights

2026 年第一季度财务亮点

Total revenues in the first quarter of 2026 were RMB1,315.9 million (US$190.8 million), representing a 35.6% increase from RMB970.1 million in the same period of 2025.
Net income in the first quarter of 2026 was RMB387.6 million (US$56.2 million), representing a 31.4% increase from RMB295.1 million in the same period of 2025.
Net income margin in the first quarter of 2026 was 29.5%, compared with 30.4% in the same period of 2025.
Net operating cash inflow in the first quarter of 2026 was RMB721.3 million (US$104.6 million).
The Company’s Board of Directors approved an annual cash dividend of US$1.26 per ADS, and authorized a share repurchase program of up to US$15 million during a 12-month period.

2026 年第一季度总收入 为人民币 13.159 亿元（1.908 亿美元），较 2025 年同期的人民币 9.701 亿元增长 35.6%。
2026 年第一季度净收入 为人民币 3.876 亿元（5620 万美元），较 2025 年同期的人民币 2.951 亿元增长 31.4%。
2026 年第一季度净收入率 为 29.5%，相比 2025 年同期的 30.4%。
2026 年第一季度净经营现金流入 为人民币 7.213 亿元（1.046 亿美元）。
公司董事会批准每个 ADS 派发 1.26 美元的年度现金股息，并授权在 12 个月内回购最多 1500 万美元的股份。

Recent Developments

近期发展

The Company has developed an AI-powered service system based on multi-agent collaboration and launched an intelligent insurance consultation and planning application for consumers. The system focuses on key stages of the insurance decision-making process, providing capabilities such as interpretation of product coverage and benefits, assistance in assessing underwriting eligibility for users with pre-existing medical conditions, insurance planning suggestions, and policy explanation and comparison. Through multi-turn conversations, the system continuously refines user profiles to deliver personalized insurance consultation and planning services.
On the technology front, the Company has built a structured knowledge system centered on an insurance-expertise knowledge base and domain-specific modeling capabilities, covering product clauses, underwriting rules, and service workflows. The knowledge base currently encompasses thousands of insurance products and their policy details, with millions of accumulated professional knowledge data entries spanning insurance, healthcare, and service processes. Through model training and optimization tailored to insurance scenarios, the system consistently enhances its own understanding of complex semantics, health condition descriptions, and policy rules. From an architectural perspective, a multi-agent collaborative mechanism enables modular execution of tasks such as requirement comprehension, information completion, knowledge retrieval, and solution generation, improving response quality and stability across complex consultation scenarios.
In terms of business outcomes, these capabilities have measurably enhanced users’ understanding of insurance products, improved users’ decision-making efficiency, and strengthened the professionalism and trustworthiness of the consultation process. At the same time, by productizing professional knowledge and service capabilities, the Company continues to improve the standardization, professionalism, and intelligence capabilities of consumer-facing insurance consultation services.
The Company is developing integrated AI capabilities as a core strategic initiative to enhance its organizational capabilities, driving the large-scale deployment and deep integration of AI Agents across all functions and processes and accelerating the paradigm shift from “tool-based AI” to “organization-wide AI.” The Company’s three-tier architecture of “platform + skills + scenarios” enables rapid composition and reliable operation of AI Agents in complex business scenarios.

公司开发了一种基于多智能体协作的人工智能服务系统，并推出了一款面向消费者的智能保险咨询和规划应用。该系统专注于保险决策过程的关键阶段，提供产品覆盖和利益的解读、帮助评估有既往病史用户的承保资格、保险规划建议以及政策解释和比较等功能。通过多轮对话，该系统不断完善用户档案，以提供个性化的保险咨询和规划服务。
在技术方面，公司建立了一个以保险专业知识库和领域特定建模能力为中心的结构化知识系统，涵盖产品条款、承保规则和服务工作流程。该知识库目前包含数千种保险产品及其政策细节，积累了数百万条涵盖保险、医疗保健和服务流程的专业知识数据。通过针对保险场景的模型训练和优化，该系统持续增强对复杂语义、健康状况描述和政策规则的理解。从架构角度来看，多智能体协作机制使得需求理解、信息补全、知识检索和解决方案生成等任务的模块化执行成为可能，提高了复杂咨询场景下的响应质量和稳定性。
在业务成果方面，这些能力显著提升了用户对保险产品的理解，提高了用户的决策效率，并增强了咨询过程的专业性和可信度。同时，通过将专业知识和服务能力产品化，公司持续提升面向消费者的保险咨询服务的标准化、专业化和智能化能力。
公司正在将集成 AI 能力作为核心战略举措，以增强其组织能力，推动 AI 代理在所有职能和流程中的大规模部署和深度整合，加速从 “工具型 AI” 向 “全组织 AI” 的范式转变。公司的 “三层架构（平台 + 技能 + 场景）” 使得在复杂业务场景中快速组合和可靠运行 AI 代理成为可能。

Mr. Rui Fang, Chairman and Chief Executive Officer of Yuanbao, commented, “As the insurance industry enters a new phase of high-quality development characterized by structural optimization, value enhancement, and ecosystem integration, consumers’ awareness of health protection has continued to rise, and their demand for professional, personalized, and full-lifecycle insurance services has grown. The industry’s accelerating transition from ‘scale expansion’ to ‘high-quality development’ aligns closely with Yuanbao’s long-term strategic commitment to technology-driven development, user-centricity, and inclusive protection. Against this backdrop, we have consistently anchored our long-term growth in products and services. On the product side, we continue to work closely with insurance carriers to enhance and iterate our inclusive insurance offerings to comprehensively address customer needs, including specialized segments such as individuals with pre-existing conditions and new urban residents. We acted swiftly to fully integrate the ‘Commercial Insurance Innovative Drug Catalog’ into our product offerings, keeping pace with emerging policy trends and increasing public access to advanced therapies and high-quality medications. On the service side, we have deeply embedded technology into the claims process with the launch of our ‘Intelligent Claims Assistance’ feature, which assists partner insurers in conducting preliminary reviews of low-value, low-risk claims. Our proprietary claims review system automatically verifies claim documents and calculates settlement amounts, helping improve insurers’ claims processing efficiency, enhancing the overall user claims experience, and significantly shortening response times for small-value claims.

Yuanbao 的董事长兼首席执行官方锐先生评论道：“随着保险行业进入以结构优化、价值提升和生态系统整合为特征的新阶段，消费者对健康保护的意识持续提高，对专业化、个性化和全生命周期保险服务的需求不断增长。行业从 ‘规模扩张’ 向 ‘高质量发展’ 的加速转型与 Yuanbao 长期致力于技术驱动发展、以用户为中心和包容性保护的战略承诺紧密相连。在这种背景下，我们始终将长期增长的重心放在产品和服务上。在产品方面，我们继续与保险承保方紧密合作，提升和迭代我们的包容性保险产品，以全面满足客户需求，包括有既往病史的个体和新城市居民等专业细分市场。我们迅速行动，将 ‘商业保险创新药物目录’ 全面整合到我们的产品中，以跟上新兴政策趋势，并增加公众对先进疗法和高质量药物的获取。在服务方面，我们通过推出 ‘智能理赔协助’ 功能，深入将技术嵌入理赔流程，帮助合作保险公司进行低价值、低风险理赔的初步审核。我们的专有理赔审核系统自动验证理赔文件并计算和解金额，帮助提高保险公司的理赔处理效率，增强整体用户理赔体验，并显著缩短小额理赔的响应时间。

“As of the end of March, we had developed over 5,000 models capable of analyzing more than 5,800 labels, representing increases of approximately 250 models and 700 labels year over year. Our AI team continued to account for more than 10% of our total workforce. Going forward, we will continue to build out our integrated AI infrastructure and deepen the deployment of AI Agents across the entire insurance service process, enhancing our ability to identify user needs, match products, and deliver consulting services. These efforts will drive improvements in both operational efficiency and user experience, laying a solid foundation for establishing a full-lifecycle health and protection ecosystem. Supported by our solid financial fundamentals, sustained profitability, deep accumulation of data and large-model technologies, and long-term insights into users’ real needs, we are confident we can capture the industry’s structural opportunities. We remain dedicated to providing users with more professional, convenient, and trustworthy insurance services and creating long-term sustainable value for consumers, partners, and shareholders.”

截至三月底，我们已经开发出超过 5000 个模型，能够分析 5800 多个标签，分别比去年增加了约 250 个模型和 700 个标签。我们的人工智能团队仍然占据我们总员工人数的 10% 以上。展望未来，我们将继续构建我们的综合人工智能基础设施，并加深人工智能代理在整个保险服务过程中的部署，增强我们识别用户需求、匹配产品和提供咨询服务的能力。这些努力将推动运营效率和用户体验的提升，为建立一个全生命周期的健康和保护生态系统奠定坚实基础。在我们稳健的财务基础、持续的盈利能力、深厚的数据积累和大模型技术以及对用户真实需求的长期洞察的支持下，我们有信心能够抓住行业的结构性机会。我们将继续致力于为用户提供更专业、便捷和可信赖的保险服务，为消费者、合作伙伴和股东创造长期可持续的价值。

Mr. Ray Wan, Chief Financial Officer of Yuanbao, added, “In the first quarter of 2026, we delivered another strong performance, driven by our continued business expansion and operating efficiency improvements. Total revenues for the quarter reached RMB1,315.9 million, reflecting a 35.6% increase year over year. Net income grew 31.4% year over year to RMB387.6 million, and net income margin stood at 29.5%. Meanwhile, our strong cash position and liquidity provide us with ample flexibility to continue advancing integrated AI development and other strategic priorities. We will remain focused on pursuing high-quality revenue growth, unlocking further operating leverage, and creating value for shareholders.

元宝的首席财务官 Ray Wan 先生补充道：“在 2026 年第一季度，我们再次交出了强劲的业绩，这得益于我们持续的业务扩展和运营效率的提升。本季度的总收入达到了人民币 13.159 亿元，同比增长 35.6%。净收入同比增长 31.4%，达到了人民币 3.876 亿元，净收入率为 29.5%。与此同时，我们强劲的现金状况和流动性为我们提供了充足的灵活性，以继续推进综合人工智能的发展和其他战略优先事项。我们将继续专注于追求高质量的收入增长，释放进一步的运营杠杆，并为股东创造价值。

“Moreover, supported by our robust cash position and sustained operating cash flow generation, we are pleased to announce that our Board of Directors has approved an annual cash dividend of US$0.21 per ordinary share, or US$1.26 per ADS, together with a US$15 million share repurchase program. We believe these actions underscore the strength of our financial foundation and reflect our ongoing commitment to enhancing shareholder returns as we steadily grow the long‑term value of our Company.”

此外，得益于我们强劲的现金状况和持续的运营现金流生成，我们很高兴地宣布我们的董事会已批准每普通股现金分红 0.21 美元，或每 ADS 1.26 美元，以及 1500 万美元的股票回购计划。我们相信这些举措强调了我们财务基础的强大，并反映了我们持续致力于提升股东回报的承诺，同时稳步提升我们公司的长期价值。

First Quarter 2026 Financial Results

2026 年第一季度财务业绩

Total Revenues. Total revenues in the first quarter of 2026 were RMB1,315.9 million (US$190.8 million), representing a 35.6% year-over-year increase from RMB970.1 million in the same period of 2025. This growth was primarily driven by significant increases in revenues from both insurance distribution services and system services.

总收入。 2026 年第一季度的总收入为人民币 13.159 亿元（1.908 亿美元），较 2025 年同期的人民币 9.701 亿元增长 35.6%。这一增长主要得益于保险分销服务和系统服务收入的显著增加。

Insurance Distribution Services. Revenues from insurance distribution services in the first quarter of 2026 were RMB411.3 million (US$59.6 million), representing a 27.8% year-over-year increase from RMB321.8 million in the same period of 2025. This growth was mainly due to an increase in the number of policies purchased by insurance consumers on Yuanbao’s platform, partly driven by the Company’s enhanced targeted marketing efforts.

保险分销服务。 2026 年第一季度保险分销服务的收入为人民币 4.113 亿元（5960 万美元），较 2025 年同期的人民币 3.218 亿元增长 27.8%。这一增长主要是由于保险消费者在元宝平台上购买的保单数量增加，部分得益于公司增强的精准营销努力。

System Services. Revenues from system services in the first quarter of 2026 were RMB904.6 million (US$131.1 million), representing a 39.8% year-over-year increase from RMB647.0 million in the same period of 2025. This growth was primarily driven by the Company’s strengthened ability to provide partnered insurance carriers with more effective marketing and analytics services and customer-related services, enabled by consistent improvements to its full consumer service cycle engine. The increase was also partially attributable to an enhanced provision of system services to existing and new partnered insurance carriers.

系统服务。 2026 年第一季度系统服务的收入为人民币 9.046 亿元（1.311 亿美元），较 2025 年同期的人民币 6.470 亿元增长 39.8%。这一增长主要得益于公司在为合作保险公司提供更有效的营销和分析服务以及客户相关服务方面的能力增强，这得益于其全消费者服务周期引擎的一致改进。增加也部分归因于对现有和新合作保险公司提供系统服务的增强。

Others. Revenues from other services were RMB15.1 thousand (US$2.2 thousand) and RMB1.3 million in the first quarter of 2026 and 2025, respectively.

其他。 2026 年第一季度其他服务的收入为人民币 1.51 万元（2200 美元），而 2025 年同期为人民币 130 万元。

Total Operating Costs and Expenses. Total operating costs and expenses in the first quarter of 2026 were RMB878.6 million (US$127.4 million), representing a 29.1% year-over-year increase from RMB680.6 million in the same period of 2025.

总运营成本和费用。 2026 年第一季度的总运营成本和费用为人民币 8.786 亿元（1.274 亿美元），较 2025 年同期的人民币 6.806 亿元增长 29.1%。

Operations and Support Expenses. Operations and support expenses in the first quarter of 2026 were RMB47.5 million (US$6.9 million), representing a 6.0% year-over-year increase from RMB44.8 million in the same period of 2025. This increase was primarily driven by business growth.

运营和支持费用。 2026 年第一季度的运营和支持费用为人民币 4750 万元（690 万美元），较 2025 年同期的人民币 4480 万元增长 6.0%。这一增长主要是由于业务增长。

Selling and Marketing Expenses. Selling and marketing expenses in the first quarter of 2026 were RMB638.2 million (US$92.5 million), representing a 29.4% year-over-year increase from RMB493.2 million in the same period of 2025. This increase was primarily due to enhanced efforts to attract new consumers and retain existing consumers.

销售和营销费用。 2026 年第一季度的销售和营销费用为人民币 6.382 亿元（9250 万美元），较 2025 年同期的人民币 4.932 亿元增长 29.4%。这一增长主要是由于增强了吸引新消费者和留住现有消费者的努力。

General and Administrative Expenses. General and administrative expenses in the first quarter of 2026 were RMB86.6 million (US$12.6 million), representing a 30.0% year-over-year increase from RMB66.6 million in the same period of 2025. This increase was primarily due to salary increases.

一般和行政费用。 2026 年第一季度的一般和行政费用为人民币 8660 万元（1260 万美元），较 2025 年同期的人民币 6660 万元增长 30.0%。这一增长主要是由于薪资增加。

Research and Development Expenses. Research and development expenses in the first quarter of 2026 were RMB106.3 million (US$15.4 million), representing a 39.7% year-over-year increase from RMB76.1 million in the same period of 2025. This increase was primarily due to enhanced research and development efforts and an expansion in R&D personnel, aimed at reinforcing the Company’s leadership position as a technology-driven online insurance distributor.

研发费用。 2026 年第一季度的研发费用为人民币 1.063 亿元（1540 万美元），较 2025 年同期的人民币 7610 万元增长 39.7%。这一增长主要是由于研发努力的增强和研发人员的扩充，旨在巩固公司作为技术驱动的在线保险分销商的领导地位。

Investment Income. Investment income in the first quarter of 2026 was RMB14.6 million (US$2.1 million), representing a 112.1% year-over-year increase from RMB6.9 million in the same period of 2025. This growth was primarily due to higher gains from short-term investments.

投资收益。 2026 年第一季度的投资收益为人民币 1460 万元（210 万美元），较 2025 年同期的人民币 690 万元增长 112.1%。这一增长主要得益于短期投资收益的提高。

Income Tax Expenses. Income tax expenses in the first quarter of 2026 were RMB69.4 million (US$10.1 million), representing a 932.4% year-over-year increase from RMB6.7 million in the same period of 2025. This increase was primarily driven by a higher effective tax rate. The effective tax rate represents certain estimates by the Company as to the tax obligations and benefits applicable to it in each quarter.

所得税费用。 2026 年第一季度的所得税费用为 6940 万元人民币（1010 万美元），较 2025 年同期的 670 万元人民币增长 932.4%。这一增长主要是由于有效税率的提高。有效税率代表公司对每个季度适用的税务义务和利益的某些估算。

Net Income and Net Income Margin. Net income in the first quarter of 2026 was RMB387.6 million (US$56.2 million), representing a 31.4% increase from RMB295.1 million in the same period of 2025. Net income margin in the first quarter of 2026 was 29.5%, compared with 30.4% in the same period of 2025.

净收入和净收入率。 2026 年第一季度的净收入为 3.876 亿元人民币（5620 万美元），较 2025 年同期的 2.951 亿元人民币增长 31.4%。2026 年第一季度的净收入率为 29.5%，而 2025 年同期为 30.4%。

Non-GAAP Adjusted Net Income 1 and Non-GAAP Adjusted Net Income Margin. Non-GAAP adjusted net income in the first quarter of 2026 was RMB408.8 million (US$59.3 million), representing a 31.0% increase from RMB312.2 million in the same period of 2025. Non-GAAP adjusted net income margin in the first quarter of 2026 was 31.1%, compared with 32.2% in the same period of 2025.

非 GAAP 调整后的净收入 1 和非 GAAP 调整后的净收入率。 2026 年第一季度的非 GAAP 调整后的净收入为 4.088 亿元人民币（5930 万美元），较 2025 年同期的 3.122 亿元人民币增长 31.0%。2026 年第一季度的非 GAAP 调整后的净收入率为 31.1%，而 2025 年同期为 32.2%。

Basic and Diluted Net Income per ADS. 2 Basic net income per ADS in the first quarter of 2026 was RMB8.60 (US$1.25), compared with RMB17.87 in the same period of 2025. Diluted net income per ADS in the first quarter of 2026 was RMB8.02 (US$1.16), compared with RMB6.46 in the same period of 2025.

每 ADS 基本和稀释净收入。 2 2026 年第一季度每 ADS 的基本净收入为 8.60 元人民币（1.25 美元），而 2025 年同期为 17.87 元人民币。2026 年第一季度每 ADS 的稀释净收入为 8.02 元人民币（1.16 美元），而 2025 年同期为 6.46 元人民币。

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1 Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses. See “Use of Non-GAAP Financial Measures” and “Reconciliations of GAAP and Non-GAAP Results” at the end of this press release.

1 非 GAAP 调整后的净收入定义为不包括基于股份的补偿费用的净收入。请参见本新闻稿末尾的 “非 GAAP 财务指标的使用” 和 “GAAP 与非 GAAP 结果的调节”。

2 Each ADS represents six of the Company’s Class A ordinary shares, par value US$0.0001 per share.

2 每 ADS 代表公司六股 A 类普通股，面值为每股 0.0001 美元。

Cash Position and Cash Flow

现金状况和现金流

As of March 31, 2026, the Company had cash and cash equivalents, time deposits, restricted cash, short-term investments and long-term bank deposits of RMB4.74 billion (US$687.5 million), representing increases of 71.4% year over year and 17.4% quarter over quarter.

截至2026年3月31日，公司拥有现金及现金等价物、定期存款、受限现金、短期投资和长期银行存款共计 47.4 亿元人民币（6.875 亿美元），同比增长 71.4%，环比增长 17.4%。

In the first quarter of 2026, net cash provided by operating activities was RMB721.3 million (US$104.6 million).

2026 年第一季度，经营活动提供的净现金为 7.213 亿元人民币（1.046 亿美元）。

Exchange Rate

汇率

This announcement contains translations of certain Renminbi (“RMB”) amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ were made at a rate of RMB 6.8980 to US$1.00, the exchange rate in effect as of March 31, 2026, as set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that any RMB or US$ amounts could have been, or could be, converted into US$ or RMB, as the case may be, at any particular rate, or at all.

本公告包含将某些人民币（“RMB”）金额转换为美元（“US$”）的翻译，仅为方便读者。除非另有说明，所有人民币到美元的转换均按2026年3月31日的汇率 6.8980 人民币兑 1 美元进行，该汇率在美联储理事会的 H.10 统计发布中列出。公司不对任何人民币或美元金额是否可以或能够以任何特定汇率或根本无法转换为美元或人民币作出任何声明。

Shareholder Return Activities

股东回报活动

Declaration of Annual Cash Dividend. The Company’s Board of Directors has approved an annual cash dividend of US$1.26 per ADS or US$0.21 per ordinary share to the holders of record of the Company’s ADSs and ordinary shares (excluding certain Class A Ordinary Shares held by Citibank N.A., as the depositary bank, for bulk issuance of ADSs reserved under the Company’s share incentive plans) as of the close of business on July 2, 2026 (Eastern Time). This dividend underscores the Company’s commitment to shareholder returns while maintaining a robust cash position. Future dividends remain subject to the approval of the Company’s Board of Directors. The payment date is expected to be on or around July 21, 2026 (Eastern Time) for holders of ordinary shares and on or around July 28, 2026 (Eastern Time) for holders of ADSs, and the precise timing of receipt may vary based on the processing efficiency of the respective holding brokerage.

年度现金分红声明。 公司董事会已批准每 ADS 1.26 美元或每普通股 0.21 美元的年度现金分红，适用于截至2026年7月2日（东部时间）收盘时持有公司 ADS 和普通股的股东（不包括由存托银行花旗银行持有的某些 A 类普通股，这些股份用于公司股权激励计划下的 ADS 批量发行）。该分红强调了公司对股东回报的承诺，同时保持强劲的现金状况。未来的分红仍需公司董事会的批准。预计普通股股东的支付日期为2026年7月21日（东部时间），ADS 持有者的支付日期为2026年7月28日（东部时间），具体到账时间可能因各自持股经纪公司的处理效率而有所不同。

Share Repurchase Program. The Company announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to US$15 million of its ordinary shares in the form of American depositary shares over a 12-month period. Mr. Rui Fang, Chairman and Chief Executive Officer of Yuanbao, commented, “The share repurchase program is a strong indication of our Board’s confidence in our business outlook and long-term strategy, and we believe it will ultimately benefit the Company and create value for our shareholders.” Repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to various factors including the requirements under Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The Board will review the share repurchase program periodically, and may authorize adjustments to its terms and size or suspend or discontinue the program. The Company plans to fund repurchases from its existing cash balance.

股票回购计划。 公司宣布其董事会已授权一项股票回购计划，根据该计划，公司可以在 12 个月内以美国存托股份的形式回购最多 1500 万美元的普通股。元宝的董事长兼首席执行官方锐表示：“股票回购计划强烈表明了我们董事会对公司前景和长期战略的信心，我们相信这将最终使公司受益并为股东创造价值。” 回购可能会根据市场条件通过公开市场交易、私下协商交易、大宗交易和/或其他合法方式进行，具体取决于市场情况，并遵循适用的规则和法规。回购交易的时间和金额将受到包括 1934 年证券交易法第 10b-18 条和第 10b5-1 条的要求在内的各种因素的影响。董事会将定期审查股票回购计划，并可能授权调整其条款和规模或暂停或终止该计划。公司计划从现有现金余额中资助回购。

Conference Call

电话会议

The Company’s management will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Wednesday, June 10, 2026 or 8:00 P.M. Beijing Time to discuss its financial results and operating performance for the first quarter of 2026.

公司管理层将于2026年6月10日美国东部时间上午 8:00 或北京时间晚上 8:00 召开财报电话会议，讨论 2026 年第一季度的财务业绩和运营表现。

Participant Online Registration:

参与者在线注册：

https://register-conf.media-server.com/register/BI37c602a9bd0e421dac580195fbc42911

Participants should complete online registration using the link provided above at least 15 minutes before the scheduled start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.

参与者应在预定开始时间前至少 15 分钟使用上述链接完成在线注册。注册后，参与者将收到电话会议的接入信息，包括拨入号码、个人 PIN 和详细的加入电话会议的电子邮件说明。

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at ir.yb-inc.com.

此外，电话会议的直播和存档网络广播将在公司的投资者关系网站 ir.yb-inc.com 上提供。

About Yuanbao Inc.

关于元宝公司。

Yuanbao Inc. is a leading technology-driven online insurance distributor in China, committed to protecting health and well-being through innovative technology. Leveraging its proprietary consumer service cycle engine and advanced technologies, Yuanbao delivers customized insurance solutions from its partnered insurance carriers to over ten million insurance consumers throughout the entire insurance lifecycle, ranging from personalized recommendations to post-sales services. Through deep collaboration with insurance carriers and the use of data-driven insights, Yuanbao empowers carriers to tailor flagship products, enhances consumer engagement, and drives scalable and efficient distribution.

Yuanbao Inc. 是中国领先的技术驱动在线保险分销商，致力于通过创新技术保护健康和福祉。Yuanbao 利用其专有的消费者服务周期引擎和先进技术，为超过一千万的保险消费者提供来自合作保险公司的定制保险解决方案，涵盖从个性化推荐到售后服务的整个保险生命周期。通过与保险公司的深入合作以及数据驱动的洞察，Yuanbao 使保险公司能够定制旗舰产品，增强消费者参与度，并推动可扩展和高效的分销。

For more information, please visit: ir.yb-inc.com.

欲了解更多信息，请访问：ir.yb-inc.com。

Use of Non-GAAP Financial Measures

非公认会计原则财务指标的使用

The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

未经审计的简明合并财务信息是根据美国公认会计原则（“U.S. GAAP”）编制的。

The Company uses non-GAAP financial measures, including adjusted net income and adjusted net income margin, in evaluating the Company’s operating results and for financial and operational decision-making purposes. Adjusted net income represents net income excluding share-based compensation expense, and adjusted net income margin represents adjusted net income as a percentage of revenue. Such adjustments have no impact on income tax.

公司在评估运营结果和进行财务及运营决策时使用非公认会计原则财务指标，包括调整后的净收入和调整后的净收入率。调整后的净收入代表不包括基于股份的补偿费用的净收入，调整后的净收入率代表调整后的净收入占收入的百分比。这些调整对所得税没有影响。

The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as an analytical tool and when assessing the Company’s operating performance, investors should not consider it in isolation. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. Adjusted net income presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as a comparative measure to the Company’s data.

非公认会计原则财务指标并未按照 U.S. GAAP 提供，可能与其他公司使用的非公认会计方法有所不同。非公认会计原则财务指标作为分析工具存在局限性，在评估公司的运营表现时，投资者不应孤立地考虑它。公司鼓励投资者及其他人全面审查其财务信息，而不是依赖单一财务指标。此处呈现的调整后净收入可能无法与其他公司呈现的类似标题指标进行比较。其他公司可能以不同方式计算类似标题的指标，从而限制其作为公司数据比较指标的有效性。

For more information on the non-GAAP financial measures, please see the table captioned “Reconciliation of GAAP and Non-GAAP Results” set forth at the end of this press release.

有关非公认会计原则财务指标的更多信息，请参见本新闻稿末尾的 “GAAP 与非 GAAP 结果的调节” 表格。

Safe Harbor Statement

安全港声明

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, quotations in this announcement contain forward-looking statements. Yuanbao may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Yuanbao’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Yuanbao’s mission, goals and strategies; Yuanbao’s future business development, financial condition and results of operations; the expected growth of the insurance industry in China; Yuanbao’s expectations regarding demand for and market acceptance of its products and services; Yuanbao’s expectations regarding its relationships with consumers, insurance carriers and other partners; competition in the industry and relevant government policies and regulations relating to insurance industry. Further information regarding these and other risks is included in Yuanbao’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Yuanbao does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

本新闻稿包含可能构成根据 1995 年美国私人证券诉讼改革法案的 “安全港” 条款的 “前瞻性” 声明。这些前瞻性声明可以通过术语如 “将”、“期望”、“预期”、“旨在”、“未来”、“打算”、“计划”、“相信”、“估计”、“可能” 等类似声明来识别。除此之外，本公告中的引用包含前瞻性声明。Yuanbao 还可能在其向 SEC 提交的定期报告、向股东的年度报告、新闻稿和其他书面材料中，以及其高管、董事或员工向第三方作出的口头声明中作出书面或口头的前瞻性声明。那些不是历史事实的声明，包括关于 Yuanbao 的信念、计划和期望的声明，都是前瞻性声明。前瞻性声明涉及固有的风险和不确定性。一些因素可能导致实际结果与任何前瞻性声明中包含的结果有实质性差异，包括但不限于以下因素：Yuanbao 的使命、目标和战略；Yuanbao 的未来业务发展、财务状况和运营结果；中国保险行业的预期增长；Yuanbao 对其产品和服务的需求及市场接受度的预期；Yuanbao 对与消费者、保险公司和其他合作伙伴关系的预期；行业竞争及与保险行业相关的政府政策和法规。有关这些及其他风险的进一步信息包含在 Yuanbao 向 SEC 提交的文件中。本新闻稿中提供的所有信息均为本新闻稿发布之日的信息，Yuanbao 不承担更新任何前瞻性声明的义务，除非法律要求。

For investor and media inquiries, please contact:

如需投资者和媒体咨询，请联系：

In China:

在中国：

Yuanbao Inc.

Yuanbao Inc.。

E-mail: ir@yb-inc.com

电子邮件：ir@yb-inc.com

Piacente Financial Communications

Helen Wu

Tel: +86-10-6508-0677

电话：+86-10-6508-0677

E-mail: yb@thepiacentegroup.com

电子邮件：yb@thepiacentegroup.com

In the United States:

在美国：

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

电话：+1-212-481-2050

E-mail: yb@thepiacentegroup.com

电子邮件：yb@thepiacentegroup.com


YUANBAO INC. UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except for share and per share data)
	As of December 31, 2025		As of March 31, 2026
	RMB		RMB	USD
ASSETS
Current assets:
Cash and cash equivalents	860,455			1,100,653	159,561
Time deposits	273,416			192,561	27,915
Restricted cash	23,525			21,488	3,115
Short-term investments	2,829,462			3,374,971	489,268
Accounts receivable, net	441,414			517,208	74,980
Prepayments and other current assets, net	29,768			33,031	4,789
Total current assets	4,458,040			5,239,912	759,628
Non-current assets:
Property and equipment, net	13,784			12,794	1,855
Intangible assets, net	64,553			94,740	13,734
Long-term bank deposits	52,492			52,816	7,656
Right-of-use assets	8,566			5,090	738
Deferred tax assets, net	33,337			36,649	5,313
Other non-current assets, net	24,796			17,856	2,589
Total non-current assets	197,528			219,945	31,885
TOTAL ASSETS	4,655,568			5,459,857	791,513
LIABILITIES
Current liabilities:
Accounts payable	17,378			27,025	3,918
Contract liabilities	63,541			83,316	12,078
Salary and welfare payable	230,039			278,076	40,313
Taxes payable	43,275			81,790	11,857
Current lease liabilities	7,077			3,849	558
Accrued expenses and other current liabilities	777,416			1,029,776	149,286
Total current liabilities	1,138,726			1,503,832	218,010
Non-current liabilities:
Non-current lease liabilities	846			403	58
Deferred tax liabilities, net	169,701			205,952	29,857
Total non-current liabilities	170,547			206,355	29,915
TOTAL LIABILITIES	1,309,273			1,710,187	247,925
SHAREHOLDERS' EQUITY:
Class A ordinary shares	135			135	20
Class B ordinary shares	55			55	8
Additional paid-in capital	3,179,602			3,201,317	464,094
Statutory reserves	230,033			230,033	33,348
Accumulated (deficit)/retained earnings	(72,851	)		314,796	45,635
Accumulated other comprehensive income	9,321			3,334	483
TOTAL SHAREHOLDERS' EQUITY	3,346,295			3,749,670	543,588
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	4,655,568			5,459,857	791,513


元宝科技有限公司
未经审计的中期合并资产负债表
**（所有金额以千元计，除每股数据外）
	截至2025年12月31日		截至2026年3月31日
	人民币		人民币	美元
资产
流动资产：
现金及现金等价物	860,455			1,100,653	159,561
定期存款	273,416			192,561	27,915
限制性现金	23,525			21,488	3,115
短期投资	2,829,462			3,374,971	489,268
应收账款，净额	441,414			517,208	74,980
预付款及其他流动资产，净额	29,768			33,031	4,789
流动资产总计	4,458,040			5,239,912	759,628
非流动资产：
固定资产，净额	13,784			12,794	1,855
无形资产，净额	64,553			94,740	13,734
长期银行存款	52,492			52,816	7,656
使用权资产	8,566			5,090	738
递延所得税资产，净额	33,337			36,649	5,313
其他非流动资产，净额	24,796			17,856	2,589
非流动资产总计	197,528			219,945	31,885
资产总计	4,655,568			5,459,857	791,513
负债
流动负债：
应付账款	17,378			27,025	3,918
合同负债	63,541			83,316	12,078
应付工资及福利	230,039			278,076	40,313
应交税费	43,275			81,790	11,857
流动租赁负债	7,077			3,849	558
应计费用及其他流动负债	777,416			1,029,776	149,286
流动负债总计	1,138,726			1,503,832	218,010
非流动负债：
非流动租赁负债	846			403	58
递延所得税负债，净额	169,701			205,952	29,857
非流动负债总计	170,547			206,355	29,915
负债总计	1,309,273			1,710,187	247,925
股东权益：
A 类普通股	135			135	20
B 类普通股	55			55	8
额外实收资本	3,179,602			3,201,317	464,094
法定公积金	230,033			230,033	33,348
累计（亏损）/留存收益	(72,851	)		314,796	45,635
累计其他综合收益	9,321			3,334	483
股东权益总计	3,346,295			3,749,670	543,588
负债和股东权益总计	4,655,568			5,459,857	791,513


YUANBAO INC. UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (All amounts in thousands, except for share, per share data, ADS and per ADS data)
	For the three months ended,
	March 31, 2025		March 31, 2026
	RMB		RMB	USD
Revenues	970,056			1,315,861		190,760
*Operating costs and expenses:**
Operations and support	(44,756	)		(47,453	)	(6,879	)
Selling and marketing expenses	(493,150	)		(638,219	)	(92,523	)
General and administrative expenses	(66,640	)		(86,618	)	(12,557	)
Research and development expenses	(76,098	)		(106,342	)	(15,416	)
Total operating costs and expenses	(680,644	)		(878,632	)	(127,375	)
Other income:
Interest income	5,228			4,744		688
Exchange loss	(138	)		(1,932	)	(280	)
Investment income	6,879			14,591		2,115
Others, net	439			2,372		344
Income before income taxes	301,820			457,004		66,252
Income tax expenses	(6,718	)		(69,356	)	(10,055	)
Net income	295,102			387,648		56,197
Accretion to preferred shares redemption value	21,586			-		-
Net income attributable to Yuanbao Inc.’s ordinary shareholders	316,688			387,648		56,197

Net income	295,102			387,648		56,197
Other comprehensive loss:
Foreign currency translation adjustments	(316	)		(5,987	)	(868	)
Total comprehensive income	294,786			381,661		55,329
Accretion to preferred shares redemption value	21,586			-		-
Comprehensive income attributable to Yuanbao Inc.’s ordinary shareholders	316,372			381,661		55,329

Net income per share attributable to Yuanbao Inc.’s ordinary shareholders
Basic	2.98			1.43		0.21
Diluted	1.08			1.34		0.19

Net income per ADS attributable to Yuanbao Inc.’s ordinary shareholders**
Basic	17.87			8.60		1.25
Diluted	6.46			8.02		1.16

Weighted average number of ordinary shares used in computing net income per share
Basic	106,358,492			270,531,986		270,531,986
Diluted	273,915,113			289,874,722		289,874,722


元宝公司未经审计的中期简明合并损益表及综合收益表（所有金额以千元计，除非另有说明）
	截至三个月，
	2025年3月31日		2026年3月31日
	人民币		人民币	美元
收入	970,056			1,315,861		190,760
*营业成本和费用：**
运营和支持	(44,756	)		(47,453	)	(6,879	)
销售和市场费用	(493,150	)		(638,219	)	(92,523	)
一般和行政费用	(66,640	)		(86,618	)	(12,557	)
研发费用	(76,098	)		(106,342	)	(15,416	)
总营业成本和费用	(680,644	)		(878,632	)	(127,375	)
其他收入：
利息收入	5,228			4,744		688
汇兑损失	(138	)		(1,932	)	(280	)
投资收益	6,879			14,591		2,115
其他，净额	439			2,372		344
税前收入	301,820			457,004		66,252
所得税费用	(6,718	)		(69,356	)	(10,055	)
净收入	295,102			387,648		56,197
优先股赎回价值的增值	21,586			-		-
归属于元宝公司普通股东的净收入	316,688			387,648		56,197

净收入	295,102			387,648		56,197
其他综合损失：
外币翻译调整	(316	)		(5,987	)	(868	)
综合收益总额	294,786			381,661		55,329
优先股赎回价值的增值	21,586			-		-
归属于元宝公司普通股东的综合收益	316,372			381,661		55,329

归属于元宝公司普通股东的每股净收入
基本	2.98			1.43		0.21
稀释	1.08			1.34		0.19

归属于元宝公司普通股东的每 ADS 净收入**
基本	17.87			8.60		1.25
稀释	6.46			8.02		1.16

计算每股净收入所用的普通股加权平均数
基本	106,358,492			270,531,986		270,531,986
稀释	273,915,113			289,874,722		289,874,722

YUANBAO INC.

元宝公司

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

未经审计的中期简明合并损益表

AND COMPREHENSIVE INCOME (CONTINUED)

及综合收益表（续）

(All amounts in thousands, except for share, per share data, ADS and per ADS data)

（所有金额以千元计，除非另有说明）

*Share-based compensation expenses are included in the operating costs and expenses as follows:

* 基于股份的补偿费用已包含在营业成本和费用中，如下所示：


	For the three months ended,
	March 31, 2025		March 31, 2026
	RMB		RMB	USD
Operations and support	(11	)		(6	)	(1	)
Selling and marketing expenses	(3,730	)		(3,894	)	(565	)
General and administrative expenses	(8,437	)		(10,270	)	(1,489	)
Research and development expenses	(4,901	)		(7,019	)	(1,018	)
Total	(17,079	)		(21,189	)	(3,073	)


	截至三个月，
	2025年3月31日		2026年3月31日
	人民币		人民币	美元
运营和支持	(11	)		(6	)	(1	)
销售和市场费用	(3,730	)		(3,894	)	(565	)
一般和行政费用	(8,437	)		(10,270	)	(1,489	)
研发费用	(4,901	)		(7,019	)	(1,018	)
总计	(17,079	)		(21,189	)	(3,073	)

** Each ADS represents six Class A ordinary shares.

** 每 ADS 代表六股 A 类普通股。


YUANBAO INC. RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (UNAUDITED) (All amounts in thousands, unless otherwise noted)
	For the three months ended,
	March 31, 2025	March 31, 2026
	RMB	RMB	USD
Net income	295,102	387,648	56,197
Add:
Share-based compensation expenses	17,079	21,189	3,073
Non-GAAP adjusted net income	312,181	408,837	59,270


元宝公司 GAAP 与非 GAAP 结果的调节（未经审计）（所有金额以千元计，除非另有说明）
	截至三个月，
	2025年3月31日	2026年3月31日
	人民币	人民币	美元
净收入	295,102	387,648	56,197
加：
基于股份的补偿费用	17,079	21,189	3,073
非 GAAP 调整后的净收入	312,181	408,837	59,270

元宝公司宣布 2026 年第一季度未经审计的财务业绩 | YB 股票新闻