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Fanhua Inc. American Depositary Shares - FANH STOCK NEWS

Welcome to our dedicated page for Fanhua American Depositary Shares news (Ticker: FANH), a resource for investors and traders seeking the latest updates and insights on Fanhua American Depositary Shares stock.

Fanhua Inc. (symbol: FANH) is a leading independent third-party O2O (online-to-offline) integrated financial services provider in China. Established in 1998, the company has built a robust platform for delivering a wide array of financial products and services to both individual and corporate clients. These offerings include property and casualty insurance, life insurance, wealth management products, consumer financing services, insurance claims adjusting, and emergency rescue services.

Listed on the NASDAQ Global Market since October 31, 2007, Fanhua Inc. has strategically positioned itself within multiple segments of the financial sector. The company fully owns Fanhua Insurance Sales Service Group, Fanhua Baocheng Insurance Brokerage Company, and holds controlling shares in Fanhua Insurance Claims Adjusting Company and Fanhua Baowang E-commerce Co., Ltd. Additionally, it has investments in Fanhua Financial Services Group and Fanhua Puyi Fund Sales Company.

In the realm of internet finance, Fanhua Inc. operates several online platforms like Lan Zhanggui, Baoxian.com, Chetong.net, eHuzhu, and Taotaojin. Lan Zhanggui is a mobile transaction platform for agents, offering real-time quotes and online transactions for car insurance, life insurance, and wealth management products. Baoxian.com is a consumer-focused portal for purchasing a variety of standardized health, accident, and travel insurance products. Chetong.net is a pioneering after-sales service platform based on map positioning technology, providing services such as claims inspection, loss assessment, rescue, and quick repairs.

Fanhua's professional consultants and service network span across 29 provinces, municipalities, and autonomous regions in China, covering economically thriving cities and regions. The company's offline sales and service network complement its online platforms, addressing consumer needs for face-to-face consultations, convenient online transactions, and personalized after-sales services.

In its commitment to corporate social responsibility, Fanhua launched the first non-profit internet mutual aid platform in China, eHuzhu, in July 2014. This platform offers comprehensive and cost-effective risk aversion solutions through mutual aid among members.

Fanhua's dedication to quality service has earned the trust of both clients and partners. Recognized in the insurance sector, Fanhua was named the 'Best Insurance Intermediary Company of the Year' in 2014.

For the latest updates on Fanhua Inc.'s financial performance and developments, please visit their investor relations page here.

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FANHUA Inc. announced a framework agreement with Puyi Inc. and Singapore White Group Pte. Ltd., where White Group and its partners plan to invest up to US$500 million in Fanhua and up to US$500 million in Puyi. The agreement is pending finalization of details.
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FANHUA Inc. announced the resignation of Mr. Stephen Markscheid as an independent director due to personal reasons, effective on February 1, 2024. The company expressed gratitude for his 16 years of contributions and support.
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FANHUA Inc. (Nasdaq: FANH) announces share exchange agreements with Puyi Inc. (Nasdaq: PUYI) where FANHUA Participating Shareholders will exchange 568,226,628 ordinary shares for 284,113,314 newly issued ordinary shares of PUYI. The Transaction is expected to close on December 29, 2023, subject to customary closing conditions.
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FANHUA Inc. (NASDAQ: FANH) announced a share repurchase agreement with Puyi Inc. (Nasdaq: PUYI) on December 22, 2023. FANHUA will transfer its 4.46% equity interests in Puyi back to Puyi and acquire 15.41% equity interests in FANHUA Puyi Fund Sales Co., Ltd. from Puyi. The transactions are expected to be completed before December 31, 2023, subject to customary closing conditions.
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FANHUA Inc. (Nasdaq: FANH) announced a 382.6% YoY increase in net income attributable to shareholders for Q3 2023. The company's strategic initiatives have contributed to operational resilience, and it anticipates a transition towards technology and services-driven growth in the industry. Significant developments include an increase in net profit due to an unrealized holding gain on fair value change over an equity investment, and the establishment of two non-wholly owned subsidiaries with Asia Insurance Co., Ltd. The company expects 50% YoY growth in life insurance first year premiums and adjusted EBITDA for 2023.
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FANHUA Inc. provides select preliminary financial results for Q3 2023, expecting an unrealized investment gain of $22.5 million. Net income for Q3 2023 estimated to increase significantly. Full-year guidance of at least 50% YoY increase in operating income remains unchanged.
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FANHUA Inc. announces strategic partnership with Asia Insurance to form two joint ventures in the insurance industry.
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FANHUA Inc. reports strong Q2 2023 financial results with a 61.1% increase in total net revenues and a 177.3% increase in operating income YoY.
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FANHUA unveils new mission, vision, values, and logo. Aims to be a leading technology-driven financial service platform. Commits to empowering financial advisors and driving value creation for customers. Transitioning to simplified website domain name.
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Fanhua Inc., a leading independent financial services provider in China, will release its unaudited financial results for Q2 2023 on August 30, 2023. A conference call will be held to discuss the results, hosted by the company's CEO, CFO, COO, and Chief Strategy Officer. Pre-registration is required to join the call.
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FAQ

What is the current stock price of Fanhua American Depositary Shares (FANH)?

The current stock price of Fanhua American Depositary Shares (FANH) is $1.534 as of October 23, 2024.

What is the market cap of Fanhua American Depositary Shares (FANH)?

The market cap of Fanhua American Depositary Shares (FANH) is approximately 86.8M.

What does Fanhua Inc. do?

Fanhua Inc. is an independent financial services provider in China, offering insurance, wealth management, and consumer finance services.

When was Fanhua Inc. established?

Fanhua Inc. was established in 1998.

What are the main business segments of Fanhua Inc.?

Fanhua Inc. operates primarily in the insurance agency and claims adjusting segments.

Where is Fanhua Inc. listed?

Fanhua Inc. is listed on the NASDAQ Global Market under the symbol FANH.

What online platforms does Fanhua Inc. operate?

Fanhua Inc. operates platforms like Lan Zhanggui, Baoxian.com, Chetong.net, eHuzhu, and Taotaojin.

What is Lan Zhanggui?

Lan Zhanggui is a mobile transaction platform for agents, offering real-time quotes and online transactions for various insurance products.

What recognition has Fanhua Inc. received in the insurance industry?

Fanhua Inc. was named the 'Best Insurance Intermediary Company of the Year' in 2014.

What is eHuzhu?

eHuzhu is an internet mutual aid platform launched by Fanhua in 2014, providing comprehensive risk aversion solutions through member mutual aid.

How wide is Fanhua Inc.'s service network?

Fanhua's professional consultants and service network cover 29 provinces, municipalities, and autonomous regions in China.

Where can I get the latest updates on Fanhua Inc.?

You can visit Fanhua Inc.’s investor relations page for the latest updates and financial performance information.

Fanhua Inc. American Depositary Shares

Nasdaq:FANH

FANH Rankings

FANH Stock Data

86.76M
56.18M
0.93%
5.3%
0.47%
Insurance Brokers
Financial Services
Link
United States of America
Guangzhou