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.
Fanhua Inc. (Nasdaq: FANH) has partnered with Dingcheng Life Insurance and Gen Re to introduce 'Huading Number One', a tailored whole-life insurance product designed for mid-and-high net worth individuals. Key features include a guaranteed internal rate of return of 3.49%, flexible premium payments, and options for annuity transfers and life insurance trusts. As financial products evolve, this offering aims to meet the growing demand for savings-oriented insurance among middle-class families in China. Fanhua remains committed to product customization and leveraging industry partnerships.
Fanhua Inc. (Nasdaq: FANH) has declared a quarterly dividend of US$0.0075 per ordinary share, equating to US$0.15 per American Depositary Share (ADS), for Q2 2021. The dividend will be payable around September 23, 2021, to shareholders of record as of September 7, 2021. Fanhua is a leading independent financial services provider in China, offering a variety of financial products through its extensive sales and service network.
Fanhua Inc. (NASDAQ: FANH) reported its Q2 2021 financial results, showing total net revenues of RMB 689.9 million (USD 106.9 million), a 21.7% decrease year-over-year. Operating income fell by 47.4% to RMB 51 million (USD 7.9 million). Net income attributable to shareholders was RMB 67.4 million (USD 10.4 million), down 32.1%. Despite a shrinking life insurance market, Fanhua's life insurance business grew by 16.9% year-over-year to RMB 5.5 billion in GWP. The company anticipates a stronger Q3 2021, aiming for operating income over RMB 25 million.
Fanhua Inc. (Nasdaq: FANH) will announce its unaudited financial results for the second quarter and first half of 2021 after U.S. market close on August 23, 2021. The conference call, led by CEO Chunlin Wang and CFO Peng Ge, will occur at 9:00 p.m. ET on the same day. Fanhua is an independent financial services provider in China, offering various financial products and services, including insurance, through multiple online platforms and a vast service network. The company emphasizes growth potential amid evolving industry dynamics.
Fanhua Inc. (Nasdaq: FANH) has announced a quarterly dividend of US$0.0075 per ordinary share, equating to US$0.15 per ADS, for Q1 2021. The dividend will be paid on June 25, 2021, to shareholders of record on June 11, 2021. Fanhua is a leading independent financial services provider in China, offering life and property insurance products, insurance claims adjusting services, and various financial products through its online platforms and offline sales network. As of March 31, 2021, the company operates 771 sales outlets across 23 provinces.
Fanhua Inc. (Nasdaq: FANH) reported strong financial results for Q1 2021, with total net revenues of RMB 1,095 million ($167.1 million), a year-over-year increase of 51.5%. Operating income surged to RMB 140.4 million ($21.4 million), up 133.8%. Net income attributable to shareholders reached RMB 138.4 million ($21.1 million), marking a substantial 202.2% growth. The company anticipates total gross written premiums of approximately RMB 2.6 billion for Q2, a 6.7% year-over-year growth, while projecting no less than RMB 50 million in operating income.
Fanhua Inc. (Nasdaq: FANH) has announced it will release its unaudited financial results for Q1 2021 on May 27, 2021, after U.S. market close. The conference call hosted by CEO Chunlin Wang and CFO Peng Ge will occur at 9:00 PM EDT, providing details on the financial performance. Fanhua is a leading independent financial services provider in China, offering a variety of insurance products and services through online and offline channels. Its distribution network includes 763 sales outlets across 22 provinces as of December 31, 2020.
Fanhua Inc. (Nasdaq: FANH) filed its 2020 annual report on Form 20-F with the SEC on April 28, 2021. This report includes audited financial statements for the fiscal year ending December 31, 2020. Fanhua is a prominent independent financial services provider in China, offering diverse financial products and services, including insurance and claims adjusting services, through its extensive online platforms and sales network. The 20-F report is accessible on the SEC website and Fanhua's investor relations page.
Fanhua Inc. (Nasdaq: FANH) announced changes to the record and payment dates for its quarterly cash dividend of US$0.25 per ADS for Q4 2020. The record date is now set for March 31, 2021, and the payment date has been adjusted to April 15, 2021. These dividends will be subject to standard fees through the depositary bank under the deposit agreement. Fanhua continues to provide a range of financial products and services, supported by a network of 763 sales outlets covering 22 provinces in China.
The Board of Directors of Fanhua has declared a quarterly dividend of US$0.0125 per ordinary share, equating to US$0.25 per ADS for Q4 2020. This dividend is set to be payable on or around April 15, 2020, to shareholders recorded as of March 31, 2020. Fanhua is a leading independent financial services provider in China, offering various financial products through both online platforms and an extensive offline network.
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