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Fanhua to Announce 2024 First Half Unaudited Financial Results on September 18, 2024

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Fanhua Inc. (Nasdaq: FANH), a leading independent tech-driven financial services provider in China, has announced plans to release its unaudited financial results for the first half of 2024 on September 18, 2024. The company has provided guidance on its expected financial performance, projecting an adjusted EBITDA range of RMB70 million to RMB80 million for the first half of 2024.

This announcement gives investors and analysts a preview of Fanhua's financial health and performance for the first six months of 2024. The projected adjusted EBITDA range suggests that the company anticipates positive earnings before interest, taxes, depreciation, and amortization, adjusted for certain non-recurring items.

Fanhua Inc. (Nasdaq: FANH), un fornitore indipendente di servizi finanziari basato su tecnologia leader in Cina, ha annunciato piani per rilasciare i suoi risultati finanziari non verificati per il primo semestro del 2024 il 18 settembre 2024. L'azienda ha fornito indicazioni sulle sue aspettative finanziarie, proiettando un range di EBITDA rettificato tra 70 e 80 milioni di RMB per il primo semestre del 2024.

Quest'annuncio offre agli investitori e agli analisti un'anteprima della salute finanziaria e della performance di Fanhua per i primi sei mesi del 2024. Il range di EBITDA rettificato suggerisce che l'azienda prevede guadagni positivi prima di interessi, tasse, ammortamenti e accantonamenti, rettificati per alcuni elementi non ricorrenti.

Fanhua Inc. (Nasdaq: FANH), un proveedor independiente de servicios financieros impulsado por la tecnología líder en China, ha anunciado planes para publicar sus resultados financieros no auditados para la primera mitad de 2024 el 18 de septiembre de 2024. La compañía ha proporcionado orientación sobre su rendimiento financiero esperado, proyectando un rango de EBITDA ajustado de 70 a 80 millones de RMB para la primera mitad de 2024.

Este anuncio ofrece a los inversores y analistas un adelanto sobre la salud financiera y el rendimiento de Fanhua para los primeros seis meses de 2024. El rango proyectado de EBITDA ajustado sugiere que la empresa anticipa ganancias positivas antes de intereses, impuestos, depreciación y amortización, ajustadas por ciertos elementos no recurrentes.

Fanhua Inc. (Nasdaq: FANH), 중국의 차세대 기술 기반 독립 금융 서비스 제공업체가 2024년 상반기 비감사 재무 결과를 2024년 9월 18일에 발표할 계획이라고 발표했습니다. 회사는 2024년 상반기 조정된 EBITDA 범위를 7천만~8천만 RMB로 예상한다고했습니다.

이번 발표는 투자자와 분석가들에게 2024년 상반기 동안 Fanhua의 재무 상태와 성과에 대한 미리보기를 제공합니다. 예상 조정된 EBITDA 범위는 회사가 특정 비반복적 항목을 조정한 이후 이자, 세금, 감가상각 및 상각 전 긍정적인 수익을 기대하고 있음을 나타냅니다.

Fanhua Inc. (Nasdaq: FANH), un fournisseur indépendant de services financiers axé sur la technologie, leader en Chine, a annoncé des projets de publication de ses résultats financiers non audités pour le premier semestre 2024 le 18 septembre 2024. L'entreprise a donné des indications sur ses attentes financières, projetant une plage d'EBITDA ajusté de 70 à 80 millions de RMB pour le premier semestre de 2024.

Cette annonce offre aux investisseurs et aux analystes un aperçu de la santé financière et des performances de Fanhua pour les six premiers mois de 2024. La plage d'EBITDA ajusté suggère que l'entreprise anticipe des bénéfices positifs avant intérêts, impôts, amortissements et amortissements, ajustés pour certains éléments non récurrents.

Fanhua Inc. (Nasdaq: FANH), ein führender unabhängiger technologiegetriebener Finanzdienstleister in China, hat Pläne bekannt gegeben, seine unüberprüften Finanzergebnisse für das erste Halbjahr 2024 am 18. September 2024 zu veröffentlichen. Das Unternehmen hat eine Prognose für seine erwartete finanzielle Leistung gegeben, mit einer Schätzung eines justierten EBITDA-Bereichs von 70 bis 80 Millionen RMB für die erste Hälfte des Jahres 2024.

Diese Ankündigung gibt Investoren und Analysten einen Einblick in die Finanzlage und Leistung von Fanhua für die ersten sechs Monate des Jahres 2024. Der projected adjustierte EBITDA-Bereich deutet darauf hin, dass das Unternehmen positive Erträge vor Zinsen, Steuern, Abschreibungen und Amortisation, angepasst um bestimmte nicht wiederkehrende Posten, erwartet.

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GUANGZHOU, China, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (Nasdaq: FANH) (the “Company” or “Fanhua”), a leading independent technology-driven financial services provider in China, today announced that the Company expects to release its unaudited financial results for the first half of 2024 on September 18, 2024. The Company expects its adjusted EBITDA for the first half of 2024 to be in the range of RMB70 million to RMB80 million.

About Fanhua

Established in Guangzhou in 1998 and listed on NASDAQ in 2007 (Nasdaq: FANH), Fanhua is a leading independent financial services provider in China with strong technology capabilities and a commitment to empowering financial advisors and fostering sustained value creation for customers.

Our mission revolves around creating an inclusive and collaborative platform for independent financial advisors, as well as various insurance/financial sales organizations, enabling our partners to optimize their practices by offering them end-to-end business solutions spanning compliance, technology, products, services, operations, capital flow, and professional training.

Leveraging advanced technology, artificial intelligence, and data-driven insights, Fanhua is at the forefront of revolutionizing financial services delivery, accelerating digital transformation, and driving industry growth.

With a comprehensive approach to financial services, we connect millions of Chinese families with various financial institutions and service providers, offering a diverse range of opportunities and personalized solutions for insurance protection, retirement planning, health management, asset management, and family governance services, covering the full lifecycle of our customers’ needs.

Forward-looking Statements

This press release contains statements of a forward-looking nature. These statements, including the statements relating to the Company’s future financial and operating results, are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will", "expects", "believes", "anticipates", "intends", "estimates" and similar statements. Among other things, management’s quotations contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Fanhua and the industry. Potential risks and uncertainties include, but are not limited to, those relating to its ability to attract and retain productive agents, especially entrepreneurial agents, its ability to maintain existing and develop new business relationships with insurance companies, its ability to execute its growth strategy, its ability to adapt to the evolving regulatory environment in the Chinese insurance industry, its ability to compete effectively against its competitors, quarterly variations in its operating results caused by factors beyond its control and macroeconomic conditions in China and their potential impact on the sales of insurance products. Except as otherwise indicated, all information provided in this press release speaks as of the date hereof, and Fanhua undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Fanhua believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by Fanhua is included in Fanhua’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.

Source: Fanhua Inc.


FAQ

When will Fanhua (FANH) release its 2024 first half financial results?

Fanhua (FANH) will release its unaudited financial results for the first half of 2024 on September 18, 2024.

What is Fanhua's (FANH) projected adjusted EBITDA for the first half of 2024?

Fanhua (FANH) expects its adjusted EBITDA for the first half of 2024 to be in the range of RMB70 million to RMB80 million.

What type of company is Fanhua (FANH)?

Fanhua (FANH) is a leading independent technology-driven financial services provider in China.

On which stock exchange is Fanhua (FANH) listed?

Fanhua (FANH) is listed on the Nasdaq stock exchange.

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