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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（全球新聞通訊）——Yuanbao Inc.（“Yuanbao” 或 “公司”）（納斯達克：YB），中國領先的技術驅動在線保險分銷商，今天公佈了截至2026年3月31日的第一季度未經審計的財務業績。

First Quarter 2026 Financial Highlights

2026 年第一季度財務亮點

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 年第一季度總收入 為人民幣 13.159 億元（1.908 億美元），較 2025 年同期的人民幣 9.701 億元增長 35.6%。
2026 年第一季度淨收入 為人民幣 3.876 億元（5620 萬美元），較 2025 年同期的人民幣 2.951 億元增長 31.4%。
2026 年第一季度淨收入率 為 29.5%，相比 2025 年同期的 30.4%。
2026 年第一季度淨經營現金流入 為人民幣 7.213 億元（1.046 億美元）。
公司董事會批准每個 ADS 派發 1.26 美元的年度現金股息，並授權在 12 個月內回購最多 1500 萬美元的股份。

Recent Developments

近期發展

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.

公司開發了一種基於多智能體協作的人工智能服務系統，並推出了一款面向消費者的智能保險諮詢和規劃應用。該系統專注於保險決策過程的關鍵階段，提供產品覆蓋和利益的解讀、幫助評估有既往病史用户的承保資格、保險規劃建議以及政策解釋和比較等功能。通過多輪對話，該系統不斷完善用户檔案，以提供個性化的保險諮詢和規劃服務。
在技術方面，公司建立了一個以保險專業知識庫和領域特定建模能力為中心的結構化知識系統，涵蓋產品條款、承保規則和服務工作流程。該知識庫目前包含數千種保險產品及其政策細節，積累了數百萬條涵蓋保險、醫療保健和服務流程的專業知識數據。通過針對保險場景的模型訓練和優化，該系統持續增強對複雜語義、健康狀況描述和政策規則的理解。從架構角度來看，多智能體協作機制使得需求理解、信息補全、知識檢索和解決方案生成等任務的模塊化執行成為可能，提高了複雜諮詢場景下的響應質量和穩定性。
在業務成果方面，這些能力顯著提升了用户對保險產品的理解，提高了用户的決策效率，並增強了諮詢過程的專業性和可信度。同時，通過將專業知識和服務能力產品化，公司持續提升面向消費者的保險諮詢服務的標準化、專業化和智能化能力。
公司正在將集成 AI 能力作為核心戰略舉措，以增強其組織能力，推動 AI 代理在所有職能和流程中的大規模部署和深度整合，加速從 “工具型 AI” 向 “全組織 AI” 的範式轉變。公司的 “三層架構（平台 + 技能 + 場景）” 使得在複雜業務場景中快速組合和可靠運行 AI 代理成為可能。

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 的董事長兼首席執行官方鋭先生評論道：“隨着保險行業進入以結構優化、價值提升和生態系統整合為特徵的新階段，消費者對健康保護的意識持續提高，對專業化、個性化和全生命週期保險服務的需求不斷增長。行業從 ‘規模擴張’ 向 ‘高質量發展’ 的加速轉型與 Yuanbao 長期致力於技術驅動發展、以用户為中心和包容性保護的戰略承諾緊密相連。在這種背景下，我們始終將長期增長的重心放在產品和服務上。在產品方面，我們繼續與保險承保方緊密合作，提升和迭代我們的包容性保險產品，以全面滿足客户需求，包括有既往病史的個體和新城市居民等專業細分市場。我們迅速行動，將 ‘商業保險創新藥物目錄’ 全面整合到我們的產品中，以跟上新興政策趨勢，並增加公眾對先進療法和高質量藥物的獲取。在服務方面，我們通過推出 ‘智能理賠協助’ 功能，深入將技術嵌入理賠流程，幫助合作保險公司進行低價值、低風險理賠的初步審核。我們的專有理賠審核系統自動驗證理賠文件並計算和解金額，幫助提高保險公司的理賠處理效率，增強整體用户理賠體驗，並顯著縮短小額理賠的響應時間。

“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，我們已經開發出超過 5000 個模型，能夠分析 5800 多個標籤，分別比去年增加了約 250 個模型和 700 個標籤。我們的人工智能團隊仍然佔據我們總員工人數的 10% 以上。展望未來，我們將繼續構建我們的綜合人工智能基礎設施，並加深人工智能代理在整個保險服務過程中的部署，增強我們識別用户需求、匹配產品和提供諮詢服務的能力。這些努力將推動運營效率和用户體驗的提升，為建立一個全生命週期的健康和保護生態系統奠定堅實基礎。在我們穩健的財務基礎、持續的盈利能力、深厚的數據積累和大模型技術以及對用户真實需求的長期洞察的支持下，我們有信心能夠抓住行業的結構性機會。我們將繼續致力於為用户提供更專業、便捷和可信賴的保險服務，為消費者、合作伙伴和股東創造長期可持續的價值。

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.

元寶的首席財務官 Ray Wan 先生補充道：“在 2026 年第一季度，我們再次交出了強勁的業績，這得益於我們持續的業務擴展和運營效率的提升。本季度的總收入達到了人民幣 13.159 億元，同比增長 35.6%。淨收入同比增長 31.4%，達到了人民幣 3.876 億元，淨收入率為 29.5%。與此同時，我們強勁的現金狀況和流動性為我們提供了充足的靈活性，以繼續推進綜合人工智能的發展和其他戰略優先事項。我們將繼續專注於追求高質量的收入增長，釋放進一步的運營槓桿，併為股東創造價值。

“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，得益於我們強勁的現金狀況和持續的運營現金流生成，我們很高興地宣佈我們的董事會已批准每普通股現金分紅 0.21 美元，或每 ADS 1.26 美元，以及 1500 萬美元的股票回購計劃。我們相信這些舉措強調了我們財務基礎的強大，並反映了我們持續致力於提升股東回報的承諾，同時穩步提升我們公司的長期價值。

First Quarter 2026 Financial Results

2026 年第一季度財務業績

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.

總收入。 2026 年第一季度的總收入為人民幣 13.159 億元（1.908 億美元），較 2025 年同期的人民幣 9.701 億元增長 35.6%。這一增長主要得益於保險分銷服務和系統服務收入的顯著增加。

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.

保險分銷服務。 2026 年第一季度保險分銷服務的收入為人民幣 4.113 億元（5960 萬美元），較 2025 年同期的人民幣 3.218 億元增長 27.8%。這一增長主要是由於保險消費者在元寶平台上購買的保單數量增加，部分得益於公司增強的精準營銷努力。

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.

系統服務。 2026 年第一季度系統服務的收入為人民幣 9.046 億元（1.311 億美元），較 2025 年同期的人民幣 6.470 億元增長 39.8%。這一增長主要得益於公司在為合作保險公司提供更有效的營銷和分析服務以及客户相關服務方面的能力增強，這得益於其全消費者服務週期引擎的一致改進。增加也部分歸因於對現有和新合作保險公司提供系統服務的增強。

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 年第一季度其他服務的收入為人民幣 1.51 萬元（2200 美元），而 2025 年同期為人民幣 130 萬元。

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.

總運營成本和費用。 2026 年第一季度的總運營成本和費用為人民幣 8.786 億元（1.274 億美元），較 2025 年同期的人民幣 6.806 億元增長 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.

運營和支持費用。 2026 年第一季度的運營和支持費用為人民幣 4750 萬元（690 萬美元），較 2025 年同期的人民幣 4480 萬元增長 6.0%。這一增長主要是由於業務增長。

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.

銷售和營銷費用。 2026 年第一季度的銷售和營銷費用為人民幣 6.382 億元（9250 萬美元），較 2025 年同期的人民幣 4.932 億元增長 29.4%。這一增長主要是由於增強了吸引新消費者和留住現有消費者的努力。

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.

一般和行政費用。 2026 年第一季度的一般和行政費用為人民幣 8660 萬元（1260 萬美元），較 2025 年同期的人民幣 6660 萬元增長 30.0%。這一增長主要是由於薪資增加。

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.

研發費用。 2026 年第一季度的研發費用為人民幣 1.063 億元（1540 萬美元），較 2025 年同期的人民幣 7610 萬元增長 39.7%。這一增長主要是由於研發努力的增強和研發人員的擴充，旨在鞏固公司作為技術驅動的在線保險分銷商的領導地位。

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.

投資收益。 2026 年第一季度的投資收益為人民幣 1460 萬元（210 萬美元），較 2025 年同期的人民幣 690 萬元增長 112.1%。這一增長主要得益於短期投資收益的提高。

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.

所得税費用。 2026 年第一季度的所得税費用為 6940 萬元人民幣（1010 萬美元），較 2025 年同期的 670 萬元人民幣增長 932.4%。這一增長主要是由於有效税率的提高。有效税率代表公司對每個季度適用的税務義務和利益的某些估算。

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.

淨收入和淨收入率。 2026 年第一季度的淨收入為 3.876 億元人民幣（5620 萬美元），較 2025 年同期的 2.951 億元人民幣增長 31.4%。2026 年第一季度的淨收入率為 29.5%，而 2025 年同期為 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 調整後的淨收入 1 和非 GAAP 調整後的淨收入率。 2026 年第一季度的非 GAAP 調整後的淨收入為 4.088 億元人民幣（5930 萬美元），較 2025 年同期的 3.122 億元人民幣增長 31.0%。2026 年第一季度的非 GAAP 調整後的淨收入率為 31.1%，而 2025 年同期為 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 基本和稀釋淨收入。 2 2026 年第一季度每 ADS 的基本淨收入為 8.60 元人民幣（1.25 美元），而 2025 年同期為 17.87 元人民幣。2026 年第一季度每 ADS 的稀釋淨收入為 8.02 元人民幣（1.16 美元），而 2025 年同期為 6.46 元人民幣。

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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 調整後的淨收入定義為不包括基於股份的補償費用的淨收入。請參見本新聞稿末尾的 “非 GAAP 財務指標的使用” 和 “GAAP 與非 GAAP 結果的調節”。

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 類普通股，面值為每股 0.0001 美元。

Cash Position and Cash Flow

現金狀況和現金流

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，公司擁有現金及現金等價物、定期存款、受限現金、短期投資和長期銀行存款共計 47.4 億元人民幣（6.875 億美元），同比增長 71.4%，環比增長 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，經營活動提供的淨現金為 7.213 億元人民幣（1.046 億美元）。

Exchange Rate

匯率

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.

本公告包含將某些人民幣（“RMB”）金額轉換為美元（“US$”）的翻譯，僅為方便讀者。除非另有説明，所有人民幣到美元的轉換均按2026年3月31日的匯率 6.8980 人民幣兑 1 美元進行，該匯率在美聯儲理事會的 H.10 統計發佈中列出。公司不對任何人民幣或美元金額是否可以或能夠以任何特定匯率或根本無法轉換為美元或人民幣作出任何聲明。

Shareholder Return Activities

股東回報活動

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.

年度現金分紅聲明。 公司董事會已批准每 ADS 1.26 美元或每普通股 0.21 美元的年度現金分紅，適用於截至2026年7月2日（東部時間）收盤時持有公司 ADS 和普通股的股東（不包括由存託銀行花旗銀行持有的某些 A 類普通股，這些股份用於公司股權激勵計劃下的 ADS 批量發行）。該分紅強調了公司對股東回報的承諾，同時保持強勁的現金狀況。未來的分紅仍需公司董事會的批准。預計普通股股東的支付日期為2026年7月21日（東部時間），ADS 持有者的支付日期為2026年7月28日（東部時間），具體到賬時間可能因各自持股經紀公司的處理效率而有所不同。

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.

股票回購計劃。 公司宣佈其董事會已授權一項股票回購計劃，根據該計劃，公司可以在 12 個月內以美國存托股份的形式回購最多 1500 萬美元的普通股。元寶的董事長兼首席執行官方鋭表示：“股票回購計劃強烈表明了我們董事會對公司前景和長期戰略的信心，我們相信這將最終使公司受益併為股東創造價值。” 回購可能會根據市場條件通過公開市場交易、私下協商交易、大宗交易和/或其他合法方式進行，具體取決於市場情況，並遵循適用的規則和法規。回購交易的時間和金額將受到包括 1934 年證券交易法第 10b-18 條和第 10b5-1 條的要求在內的各種因素的影響。董事會將定期審查股票回購計劃，並可能授權調整其條款和規模或暫停或終止該計劃。公司計劃從現有現金餘額中資助回購。

Conference Call

電話會議

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.

公司管理層將於2026年6月10日美國東部時間上午 8:00 或北京時間晚上 8:00 召開財報電話會議，討論 2026 年第一季度的財務業績和運營表現。

Participant Online Registration:

參與者在線註冊：

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.

參與者應在預定開始時間前至少 15 分鐘使用上述鏈接完成在線註冊。註冊後，參與者將收到電話會議的接入信息，包括撥入號碼、個人 PIN 和詳細的加入電話會議的電子郵件説明。

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，電話會議的直播和存檔網絡廣播將在公司的投資者關係網站 ir.yb-inc.com 上提供。

About Yuanbao Inc.

關於元寶公司。

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. 是中國領先的技術驅動在線保險分銷商，致力於通過創新技術保護健康和福祉。Yuanbao 利用其專有的消費者服務週期引擎和先進技術，為超過一千萬的保險消費者提供來自合作保險公司的定製保險解決方案，涵蓋從個性化推薦到售後服務的整個保險生命週期。通過與保險公司的深入合作以及數據驅動的洞察，Yuanbao 使保險公司能夠定製旗艦產品，增強消費者參與度，並推動可擴展和高效的分銷。

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

欲瞭解更多信息，請訪問：ir.yb-inc.com。

Use of Non-GAAP Financial Measures

非公認會計原則財務指標的使用

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

未經審計的簡明合併財務信息是根據美國公認會計原則（“U.S. GAAP”）編制的。

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.

公司在評估運營結果和進行財務及運營決策時使用非公認會計原則財務指標，包括調整後的淨收入和調整後的淨收入率。調整後的淨收入代表不包括基於股份的補償費用的淨收入，調整後的淨收入率代表調整後的淨收入佔收入的百分比。這些調整對所得税沒有影響。

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.

非公認會計原則財務指標並未按照 U.S. GAAP 提供，可能與其他公司使用的非公認會計方法有所不同。非公認會計原則財務指標作為分析工具存在侷限性，在評估公司的運營表現時，投資者不應孤立地考慮它。公司鼓勵投資者及其他人全面審查其財務信息，而不是依賴單一財務指標。此處呈現的調整後淨收入可能無法與其他公司呈現的類似標題指標進行比較。其他公司可能以不同方式計算類似標題的指標，從而限制其作為公司數據比較指標的有效性。

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.

有關非公認會計原則財務指標的更多信息，請參見本新聞稿末尾的 “GAAP 與非 GAAP 結果的調節” 表格。

Safe Harbor Statement

安全港聲明

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.

本新聞稿包含可能構成根據 1995 年美國私人證券訴訟改革法案的 “安全港” 條款的 “前瞻性” 聲明。這些前瞻性聲明可以通過術語如 “將”、“期望”、“預期”、“旨在”、“未來”、“打算”、“計劃”、“相信”、“估計”、“可能” 等類似聲明來識別。除此之外，本公告中的引用包含前瞻性聲明。Yuanbao 還可能在其向 SEC 提交的定期報告、向股東的年度報告、新聞稿和其他書面材料中，以及其高管、董事或員工向第三方作出的口頭聲明中作出書面或口頭的前瞻性聲明。那些不是歷史事實的聲明，包括關於 Yuanbao 的信念、計劃和期望的聲明，都是前瞻性聲明。前瞻性聲明涉及固有的風險和不確定性。一些因素可能導致實際結果與任何前瞻性聲明中包含的結果有實質性差異，包括但不限於以下因素：Yuanbao 的使命、目標和戰略；Yuanbao 的未來業務發展、財務狀況和運營結果；中國保險行業的預期增長；Yuanbao 對其產品和服務的需求及市場接受度的預期；Yuanbao 對與消費者、保險公司和其他合作伙伴關係的預期；行業競爭及與保險行業相關的政府政策和法規。有關這些及其他風險的進一步信息包含在 Yuanbao 向 SEC 提交的文件中。本新聞稿中提供的所有信息均為本新聞稿發佈之日的信息，Yuanbao 不承擔更新任何前瞻性聲明的義務，除非法律要求。

For investor and media inquiries, please contact:

如需投資者和媒體諮詢，請聯繫：

In China:

在中國：

Yuanbao Inc.

Yuanbao Inc.。

E-mail: ir@yb-inc.com

電子郵件：ir@yb-inc.com

Piacente Financial Communications

Helen Wu

Tel: +86-10-6508-0677

電話：+86-10-6508-0677

E-mail: yb@thepiacentegroup.com

電子郵件：yb@thepiacentegroup.com

In the United States:

在美國：

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

電話：+1-212-481-2050

E-mail: yb@thepiacentegroup.com

電子郵件：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


元寶科技有限公司
未經審計的中期合併資產負債表
**（所有金額以千元計，除每股數據外）
	截至2025年12月31日		截至2026年3月31日
	人民幣		人民幣	美元
資產
流動資產：
現金及現金等價物	860,455			1,100,653	159,561
定期存款	273,416			192,561	27,915
限制性現金	23,525			21,488	3,115
短期投資	2,829,462			3,374,971	489,268
應收賬款，淨額	441,414			517,208	74,980
預付款及其他流動資產，淨額	29,768			33,031	4,789
流動資產總計	4,458,040			5,239,912	759,628
非流動資產：
固定資產，淨額	13,784			12,794	1,855
無形資產，淨額	64,553			94,740	13,734
長期銀行存款	52,492			52,816	7,656
使用權資產	8,566			5,090	738
遞延所得税資產，淨額	33,337			36,649	5,313
其他非流動資產，淨額	24,796			17,856	2,589
非流動資產總計	197,528			219,945	31,885
資產總計	4,655,568			5,459,857	791,513
負債
流動負債：
應付賬款	17,378			27,025	3,918
合同負債	63,541			83,316	12,078
應付工資及福利	230,039			278,076	40,313
應交税費	43,275			81,790	11,857
流動租賃負債	7,077			3,849	558
應計費用及其他流動負債	777,416			1,029,776	149,286
流動負債總計	1,138,726			1,503,832	218,010
非流動負債：
非流動租賃負債	846			403	58
遞延所得税負債，淨額	169,701			205,952	29,857
非流動負債總計	170,547			206,355	29,915
負債總計	1,309,273			1,710,187	247,925
股東權益：
A 類普通股	135			135	20
B 類普通股	55			55	8
額外實收資本	3,179,602			3,201,317	464,094
法定公積金	230,033			230,033	33,348
累計（虧損）/留存收益	(72,851	)		314,796	45,635
累計其他綜合收益	9,321			3,334	483
股東權益總計	3,346,295			3,749,670	543,588
負債和股東權益總計	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


元寶公司未經審計的中期簡明合併損益表及綜合收益表（所有金額以千元計，除非另有説明）
	截至三個月，
	2025年3月31日		2026年3月31日
	人民幣		人民幣	美元
收入	970,056			1,315,861		190,760
*營業成本和費用：**
運營和支持	(44,756	)		(47,453	)	(6,879	)
銷售和市場費用	(493,150	)		(638,219	)	(92,523	)
一般和行政費用	(66,640	)		(86,618	)	(12,557	)
研發費用	(76,098	)		(106,342	)	(15,416	)
總營業成本和費用	(680,644	)		(878,632	)	(127,375	)
其他收入：
利息收入	5,228			4,744		688
匯兑損失	(138	)		(1,932	)	(280	)
投資收益	6,879			14,591		2,115
其他，淨額	439			2,372		344
税前收入	301,820			457,004		66,252
所得税費用	(6,718	)		(69,356	)	(10,055	)
淨收入	295,102			387,648		56,197
優先股贖回價值的增值	21,586			-		-
歸屬於元寶公司普通股東的淨收入	316,688			387,648		56,197

淨收入	295,102			387,648		56,197
其他綜合損失：
外幣翻譯調整	(316	)		(5,987	)	(868	)
綜合收益總額	294,786			381,661		55,329
優先股贖回價值的增值	21,586			-		-
歸屬於元寶公司普通股東的綜合收益	316,372			381,661		55,329

歸屬於元寶公司普通股東的每股淨收入
基本	2.98			1.43		0.21
稀釋	1.08			1.34		0.19

歸屬於元寶公司普通股東的每 ADS 淨收入**
基本	17.87			8.60		1.25
稀釋	6.46			8.02		1.16

計算每股淨收入所用的普通股加權平均數
基本	106,358,492			270,531,986		270,531,986
稀釋	273,915,113			289,874,722		289,874,722

YUANBAO INC.

元寶公司

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

未經審計的中期簡明合併損益表

AND COMPREHENSIVE INCOME (CONTINUED)

及綜合收益表（續）

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

（所有金額以千元計，除非另有説明）

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

* 基於股份的補償費用已包含在營業成本和費用中，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	)


	截至三個月，
	2025年3月31日		2026年3月31日
	人民幣		人民幣	美元
運營和支持	(11	)		(6	)	(1	)
銷售和市場費用	(3,730	)		(3,894	)	(565	)
一般和行政費用	(8,437	)		(10,270	)	(1,489	)
研發費用	(4,901	)		(7,019	)	(1,018	)
總計	(17,079	)		(21,189	)	(3,073	)

** Each ADS represents six Class A ordinary shares.

** 每 ADS 代表六股 A 類普通股。


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


元寶公司 GAAP 與非 GAAP 結果的調節（未經審計）（所有金額以千元計，除非另有説明）
	截至三個月，
	2025年3月31日	2026年3月31日
	人民幣	人民幣	美元
淨收入	295,102	387,648	56,197
加：
基於股份的補償費用	17,079	21,189	3,073
非 GAAP 調整後的淨收入	312,181	408,837	59,270

元寶公司宣佈 2026 年第一季度未經審計的財務業績 | YB 股票新聞