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Fanhua Inc (FANH.OQ)

FANH.OQ on NASDAQ Stock Exchange Global Select Market

20 Feb 2018
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$1.46 (+4.84%)
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Latest Key Developments (Source: Significant Developments)

Fanhua qtrly ‍diluted net income per ADS RMB 1.77​
Monday, 20 Nov 2017 04:30pm EST 

Nov 20 (Reuters) - Fanhua Inc ::Fanhua reports third quarter 2017 unaudited financial results and declares quarterly dividend.Q3 revenue fell 9.6 percent to RMB 1.1 billion.Fanhua Inc qtrly ‍diluted net income per ADS RMB 1.77​.Fanhua Inc - expects its operating income to be no less than RMB60.0 million for four quarter of 2017​.Fanhua Inc - ‍on November 19, 2017, Fanhua's board declared a quarterly dividend of US$0.01 per ordinary share, or US$0.20 per ADS​.  Full Article

Fanhua announces spin-off of its P&C insurance subsidiaries
Friday, 27 Oct 2017 04:30pm EDT 

Oct 27 (Reuters) - Fanhua Inc :Fanhua announces spin-off of its P&C insurance subsidiaries.Fanhua - to sell equity interests in Fanhua Times Sales & Service and its P&C insurance units for total consideration of about RMB222 million​.Fanhua Inc- ‍starting Oct. 1, co will no longer charge insurance companies commissions, pay commissions to sales agents for P&C insurance business​.Fanhua Inc - ‍impact on its operating profit and net profit should be limited from deal​.Fanhua-Due to transition, expects substantial decline in total revenues and commission costs, while gross margin is expected to improve significantly​.Fanhua - ‍to sell equity interests in fanhua times sales & service and its P&C insurance units to Beijing Cheche Technology​.  Full Article

Fanhua announces change of chairman of the board
Monday, 18 Sep 2017 09:23am EDT 

Sept 18 (Reuters) - Fanhua Inc :Fanhua announces change of chairman of the board.Fanhua Inc - ‍Chunlin Wang, chief executive officer of co, has been appointed by company's board to be chairman​.Fanhua Inc - Chunlin Wang fills vacancy left by resignation of Yinan Hu.Fanhua Inc - ‍ Yinan Hu will remain a director of company​.  Full Article

Fanhua Q2 revenue RMB 1.0 billion
Monday, 21 Aug 2017 04:30pm EDT 

Aug 21 (Reuters) - Fanhua Inc :Fanhua reports second quarter and first half 2017 unaudited financial results.Q2 revenue RMB 1.0 billion.Qtrly ‍diluted net income per ads RMB 2.20​.‍expects its operating income to be no less than RMB50.0 million for Q3 of 2017​.  Full Article

Fanhua Q1 revenue RMB 1.5 billion
Monday, 22 May 2017 05:00pm EDT 

May 22 (Reuters) - Fanhua Inc :Fanhua reports first quarter 2017 unaudited financial results.Q1 revenue rose 61.6 percent to rmb 1.5 billion.Fanhua inc - expects its operating income to be no less than rmb70 million for q2 of 2017.Fanhua inc -qtrly diluted net income per ads rmb1.15.  Full Article

Fanhua files for offering of up to 7.5 mln ADS
Friday, 12 May 2017 04:35pm EDT 

May 12 (Reuters) - Fanhua Inc :Files for offering of up to 7.5 million American Depositary Shares representing 150.0 million ordinary shares - SEC filing.  Full Article

Fanhua announces strategic investment from Fosun
Thursday, 6 Apr 2017 08:20am EDT 

Fanhua Inc : Fanhua announces strategic investment from Fosun . Fanhua inc says completion of a private placement of 66 million ordinary shares of co at us$0.44185 per ordinary share by fosun industrial holdings .Fanhua inc says fosun holds 5.34% of equity interests in company post-closing.  Full Article

Fanhua board approved cash dividend policy
Monday, 6 Mar 2017 04:30pm EST 

Fanhua Inc : Board approved cash dividend policy on February 28, 2017, which provides for annual cash dividend of up to 30 pct of net income in previous fiscal year .Says expects to declare first annual cash dividend by end of April 2017 when company completes annual audit of its 2016 financial results.  Full Article

Fanhua reports fourth quarter results
Monday, 6 Mar 2017 04:20pm EST 

Fanhua Inc : Fanhua reports fourth quarter and fiscal year 2016 unaudited financial results . Q4 revenue rose 78.4 percent to rmb 1.5 billion . Qtrly basic net income per ads 0.96 . Fanhua Inc - expect to generate no less than rmb180 million of operating income in 2017 . Fanhua Inc - total net revenues were us$221.0 million for q4 of 2016, representing an increase of 78.4% .Fanhua Inc - fanhua expects its operating income to be no less than rmb40 million for q1 of 2017.  Full Article

Fanhua says received notice from PICC P&C
Friday, 3 Mar 2017 09:41am EST 

Fanhua Inc : Fanhua received notice from PICC P&C . git notice from PICC property and casualty company limited, or picc p&c, that it had temporarily suspended business cooperation with Fanhua . at this stage, company is unable to predict when and whether business cooperation with PICC P&C might resume . believes that it will be able to achieve its profit target for 2017 . plans to engage in ongoing dialogue with picc p&c and urges it to resume their mutual business cooperation relationship as early as possible . co believes it has established and maintained its strategic partnership with PICC P&C on an arms-length basis . Assuming business relationship with PICC P&C will not be able to resume in 2017, may cause revenue to decrease in 2017 versus 2016 . "minimize impact of this disruption of business relationship with PICC P&C by searching for new strategic partners" .If business relationship with picc p&c does not resume in 2017, its impact on net profits will be limited at around rmb3 million to rmb5 million in 2017.  Full Article