{"filing": {"accession": "0001213900-26-048631", "cik": "0001413855", "ticker": "AIFU", "company_name": "AIFU Inc.", "form_type": "20-F", "filing_type": "20-F", "filing_date": "2026-04-28", "accepted_datetime": null, "acceptance_datetime": null, "accepted_at": null, "primary_doc_url": "https://www.sec.gov/Archives/edgar/data/1413855/000121390026048631/0001213900-26-048631-index.htm", "filing_url": "https://www.sec.gov/Archives/edgar/data/1413855/000121390026048631/0001213900-26-048631-index.htm", "period_of_report": "2025-12-31"}, "html_url": "/api/filings/000121390026048631/stream", "exhibits": [], "sections": [{"section_name": "part_1", "section_title": "Part I", "start_position": 6161, "end_position": 6809}, {"section_name": "part_2", "section_title": "Part II", "start_position": 6809, "end_position": 7662}, {"section_name": "part_3", "section_title": "Part III", "start_position": 7662, "end_position": 757166}], "tables": [{"table_index": 0, "table_type": "text", "caption": null, "header_text": "Title of Each ClassTicker Symbol(s)Name of Each Exchange on Which Registered"}, {"table_index": 2, "table_type": "text", "caption": null, "header_text": "Large accelerated filer \u2610Accelerated filer \u2610"}, {"table_index": 4, "table_type": "text", "caption": null, "header_text": "U.S. GAAP\u2612International Financial Reporting Standards as issuedOther \u2610"}, {"table_index": 5, "table_type": "exhibit_index", "caption": null, "header_text": "INTRODUCTIONii"}, {"table_index": 6, "table_type": "text", "caption": null, "header_text": "\u25cf\u201cADSs\u201d refer to the American depositary shares, each of which previously represented 20 Class A ordinary shares; on May 20, 2025 we implemented a substitution listing whereby all ADSs were exchanged "}, {"table_index": 7, "table_type": "text", "caption": null, "header_text": "\u25cf\u201cUS$\u201d or \u201cU.S.\n dollars\u201d refers to the legal currency of the United States; and"}, {"table_index": 8, "table_type": "financial", "caption": null, "header_text": "For the year ended December 31,\n 2024"}, {"table_index": 9, "table_type": "financial", "caption": null, "header_text": "For the year ended December 31,\n 2023"}, {"table_index": 11, "table_type": "financial", "caption": null, "header_text": "For the year ended December 31, 2024"}, {"table_index": 12, "table_type": "financial", "caption": null, "header_text": "For the year ended December 31,\n 2023"}, {"table_index": 15, "table_type": "text", "caption": null, "header_text": "\u25cfIf we fail to attract and retain productive agents, especially entrepreneurial agents, our business and operating results could be materially and adversely affected;"}, {"table_index": 17, "table_type": "text", "caption": null, "header_text": "\u25cfWe may be unsuccessful\n in identifying suitable acquisition candidates, completing acquisitions, integrating acquired companies or the acquired companies\n may not perform to our expectations, which c"}, {"table_index": 19, "table_type": "financial", "caption": null, "header_text": "\u25cfAIFU Inc. is a Cayman Islands\n holding company primarily operating in China through its subsidiaries. It historically also operated a small part of its business\n through Contractual Arrangements with"}, {"table_index": 21, "table_type": "financial", "caption": null, "header_text": "\u25cfWe are subject to extensive\n and evolving legal development, non-compliance with which, or changes in which, may materially and adversely affect our business\n and prospects, and may result in a mater"}, {"table_index": 23, "table_type": "financial", "caption": null, "header_text": "\u25cfUncertainties in the PRC\n legal system and the interpretation and enforcement of PRC laws and regulations could limit the legal protections available to you\n and us, significantly limit or completely"}, {"table_index": 24, "table_type": "financial", "caption": null, "header_text": "\u25cfOur global income or the\n dividends we receive from our PRC subsidiaries may be subject to PRC tax under the EIT Law, which could have a material adverse effect\n on our results of operations;"}, {"table_index": 25, "table_type": "text", "caption": null, "header_text": "\u25cfThe PCAOB had historically\n been unable to inspect our auditors in relation to their audit work performed for our financial statements and the inability of the\n PCAOB to conduct inspections of our au"}, {"table_index": 70, "table_type": "text", "caption": null, "header_text": "ProvinceNumber of Sales and Service OutletsNumber of Sales Agents"}, {"table_index": 148, "table_type": "text", "caption": null, "header_text": "\u25cfthe quality and productivity\n of our sales force;"}, {"table_index": 155, "table_type": "financial", "caption": null, "header_text": "Year Ended December 31,"}, {"table_index": 156, "table_type": "financial", "caption": null, "header_text": "Year Ended December 31,"}, {"table_index": 172, "table_type": "financial", "caption": null, "header_text": "As of December 31"}, {"table_index": 173, "table_type": "financial", "caption": null, "header_text": "20242024 to 2025 Percentage Change2025"}, {"table_index": 180, "table_type": "text", "caption": null, "header_text": "Year Ended December 31,"}, {"table_index": 190, "table_type": "text", "caption": null, "header_text": "Directors\n and Executive OfficersAgePosition/Title"}, {"table_index": 199, "table_type": "text", "caption": null, "header_text": "\u25cfannually reviewing and\n reassessing the adequacy of our audit committee charter;"}, {"table_index": 211, "table_type": "text", "caption": null, "header_text": "Number ofEmployees% ofTotal"}, {"table_index": 212, "table_type": "text", "caption": null, "header_text": "Persons% ofTotal"}, {"table_index": 215, "table_type": "text", "caption": null, "header_text": "Class AOrdinarySharesClass BOrdinaryShares% ofBeneficially Ownership(of total Class AOrdinaryShares andClass BOrdinaryShares)(1)% ofAggregateVotingPower"}, {"table_index": 222, "table_type": "text", "caption": null, "header_text": "Declaration DateQuarterly Dividend(Per Ordinary Share)( US$)Quarterly Dividend(Per ADS)( US$)Record 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