Fanhua Inc., together with its subsidiary, distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as participating insurance products. The Claims Adjusting segment offers pre-underwriting survey, claims adjusting, residual value disposal, loading and unloading supervision, and consulting services. The company also operates baoxian.com, an online insurance platform, which allows customers to search for, and purchase a range of insurance products; Lan Zhanggui, an internet-based all-in-one application; and ehuzhu.com, an online non-profit mutual aid platform, as well as CNpad Auto for facilitating auto insurance transaction. It serves customers through insurance sales and service group, and insurance agencies, as well as sales and service branches and outlets, registered independent sales agents, and in-house claims adjustors. The company was formerly known as CNinsure Inc. and changed its name to Fanhua Inc. in December 2016. Fanhua Inc. was founded in 1998 and is headquartered in Guangzhou, China.
IPO Year: 2007
Exchange: NASDAQ
Website: fanhuaholdings.com
6-K - FANHUA INC. (0001413855) (Filer)
6-K - FANHUA INC. (0001413855) (Filer)
6-K - FANHUA INC. (0001413855) (Filer)
6-K - FANHUA INC. (0001413855) (Filer)
6-K - FANHUA INC. (0001413855) (Filer)
F-3/A - FANHUA INC. (0001413855) (Filer)
6-K - FANHUA INC. (0001413855) (Filer)
20-F - FANHUA INC. (0001413855) (Filer)
6-K - FANHUA INC. (0001413855) (Filer)
S-8 - FANHUA INC. (0001413855) (Filer)
GUANGZHOU, China, Feb. 20, 2024 (GLOBE NEWSWIRE) -- FANHUA Inc. ("FANHUA" or the "Company") (NASDAQ:FANH), a leading independent financial services provider in China, today announces the signing of the first supplementary agreement with Singapore White Group Pte. Ltd. ("White Group") to the framework strategic agreement previously disclosed on February 2, 2024. Pursuant to the agreement, both parties agree to the following matters: 1. White Group will inject assets into FANHUA aimed at assisting FANHUA in driving its artificial intelligence ("AI") development and international expansion by setting new offices in Singapore, Vietnam, Europe, the United States and Hong Kong. 2. White Group
GUANGZHOU, China, July 02, 2023 (GLOBE NEWSWIRE) -- Fanhua Inc. ("Fanhua" or the "Company") (NASDAQ:FANH), a leading independent financial services provider in China, today announced the appointment of Mr. Ben Lin as the Company's Co-Chairman of the board of directors (the "Board") and Chief Strategy Officer. Mr. Lin is a trained actuary with over 18 years of experience in the financial services industry. He has consistently demonstrated exceptional leadership skills and a proven track record of success. Mr. Lin will play a crucial role in setting Fanhua's strategic direction, driving the Company's overseas expansion, and facilitating its success in capital markets. Prior to joining Fanh
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 fosteri
GUANGZHOU, China, July 23, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that all share options previously granted to its key employees by the Board of Directors (the "Board") have recently been fully exercised through cash payment at an exercise price of US$1.92 per American Depository Share ("ADS"), representing a premium of approximately 21.4% from the Company's closing price on the last trading day prior to the cash exercise. This move not only highlights its key employees' strong confidence in the Company's future development but also demonstrates their commi
GUANGZHOU, China, July 09, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that it has been once again ranked among the Top 20 Global Insurance Brokers, according to the July 2024 edition of Best's Review. With total revenues of $450.5 million in 2023, Fanhua secured the 19th position. This prestigious list is published by A.M. Best, a globally renowned insurance rating agency, based on total revenues in the previous year. Fanhua has been on this list 13 times and remains the only company from the Asia region to make the list this year. In 2023, the Company contin
GUANGZHOU, China, July 8, 2024 /PRNewswire/ -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the "Board") has recently approved the grant of share options to certain of its key employees. This move is part of the Company's strategy to incentivize key talent and align their interests with the long term success of the Company. In accordance with the Company's 2022 Share Inventive Plan, on July 2, 2024 the Board authorized the issuance of share options to purchase up to 6,900,000 American Depository Shares ("ADS") to 15 management team members of the Company's maj
GUANGZHOU, China, July 8, 2024 /PRNewswire/ -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the "Board") has authorized the expansion of the Company's share repurchase program by an additional US$20 million, bringing the total authorized amount of share repurchase to US$40 million. The share repurchase program was intended to enhance shareholder returns and signals the Company's confidence in its long-term growth prospects. As of June 30, 2024, approximately 726,616 American Depository Shares had been repurchased at an aggregate purchase price of approximately
GUANGZHOU, China, July 08, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the "Board") has recently approved the grant of share options to certain of its key employees. This move is part of the Company's strategy to incentivize key talent and align their interests with the long term success of the Company. In accordance with the Company's 2022 Share Inventive Plan, on July 2, 2024 the Board authorized the issuance of share options to purchase up to 6,900,000 American Depository Shares ("ADS") to 15 management team members of the Compan
GUANGZHOU, China, July 05, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the "Board") has authorized the expansion of the Company's share repurchase program by an additional US$20 million, bringing the total authorized amount of share repurchase to US$40 million. The share repurchase program was intended to enhance shareholder returns and signals the Company's confidence in its long-term growth prospects. As of June 30, 2024, approximately 726,616 American Depository Shares had been repurchased at an aggregate purchase price of approx
GUANGZHOU, China, June 03, 2024 (GLOBE NEWSWIRE) -- FANHUA Inc. (NASDAQ:FANH) (the "Company" or "FANHUA"), a leading independent technology-driven financial services provider in China, today announced that it signed a strategic cooperation agreement ("Agreement") with Baidu AI Cloud to jointly develop "Du Xiaobao", an AI-Powered insurance sales assistant application equipped with professional service capabilities. This initiative aims to drive the digital and intelligent transformation of the insurance industry, providing insurance agents with a more intelligent and convenient sales experience. Pursuant to the Agreement, the parties will combine their respective resources to jointly devel
GUANGZHOU, China, May 07, 2024 (GLOBE NEWSWIRE) -- Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced that it has increased its shareholding in Fanhua Inc. ("Fanhua"), a leading technology-driven independent financial service provider in China, from 50.1% to 51.1% as of May 6, 2024 by acquiring 565,000 American Depositary Shares of Fanhua on Nasdaq. Mr. Yinan Hu, Vice Chairman and CEO of HPH commented, "We are pleased to witness the solid progress that Fanhua has made in executing its various strategic initiatives, further bolstering our confidence in its growth potential. Considering that its current stock price does not fully reflect its long-ter
GUANGZHOU, China, April 30, 2024 (GLOBE NEWSWIRE) -- FANHUA Inc. (NASDAQ:FANH) (the "Company" or "FANHUA"), a leading independent technology-driven financial services provider in China, today announced that it has filed its 2023 annual report on Form 20-F (the "2023 20-F"), which contains its audited financial statements for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (the "SEC") on April 29, 2024. The 2023 20-F can be accessed on the SEC's website at http://www.sec.gov as well as on the Investor Relations page of the Company's website at http://ir.fanhgroup.com/financial-information/sec-filings. Hard copies of the annual report are available,
GUANGZHOU, China, March 20, 2024 (GLOBE NEWSWIRE) -- FANHUA Inc. (NASDAQ:FANH) (the "Company" or "FANHUA"), a leading independent financial services provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 20231. Financial Highlights for Year 2023 (In thousands, except per ADS data and percentages)2022 (RMB)2023 (RMB)2023(US$)Change %Total net revenues2,781,614 3,198,389 450,484 15.0 Operating income168,675 195,825 27,581 16.1 Net income attributable to shareholders100,272 280,477 39,504 179.7 Adjusted EBITDA2184,786 243,300 34,268 31.7 Diluted net income per ADS1.87 5.21 0.74 178.6 Cash, cash equivalent, short-term inves
GUANGZHOU, China, March 07, 2024 (GLOBE NEWSWIRE) -- FANHUA Inc. ("FANHUA" or the "Company") (NASDAQ:FANH), a leading independent financial services provider in China, today announces that it will release its unaudited financial results for the fourth quarter and fiscal year 2023 before the U.S. financial markets open on March 20, 2024 Eastern Daylight Time. A conference call will be hosted by Mr. Yinan Hu, Vice-chairman and Chief Executive Officer of the Company, Mr. Ben Lin, Chief Strategy Officer of the Company, Mr. Peng Ge, Chief Financial Officer of the Company, and Mr. Lichong Liu, Chief Operating Officer of the Company to discuss the fourth quarter and fiscal year 2023 financial
GUANGZHOU, China, Nov. 20, 2023 (GLOBE NEWSWIRE) -- FANHUA Inc. (NASDAQ:FANH) (the "Company" or "FANHUA"), a leading independent financial services provider in China, today announced its unaudited financial results for the third quarter ended September 30, 20231. Financial Highlights for the Third Quarter of 2023: (In thousands, except per ADS data and percentages)2022Q3 (RMB)2023Q3 (RMB)2023Q3 (US$)Change %Total net revenues624,746634,62086,9821.6 Operating income32,16533,1964,5493.2 Net income attributable to shareholders35,371170,69923,396382.6 Diluted net income per ADS0.663.180.44381.8 Cash, cash equivalent, short-term investments at end of the period917,9011,498,417205,37563
GUANGZHOU, China, Oct. 24, 2023 (GLOBE NEWSWIRE) -- FANHUA Inc. ("FANHUA" or "the Company") (NASDAQ:FANH), a leading independent financial services provider in China, today provides select preliminary financial results for the third quarter of 2023. Based on its preliminary estimates, the Company is expected to recognize an unrealized investment gain of approximately US$22.5 million, or RMB164 million, in the third quarter 2023, following the recent listing of a company in which FANHUA owns 2.8% equity interest. Taking this unrealized investment gain into account, the Company's net income attributable to shareholders for the third quarter 2023 is estimated to increase significantly. Furth
GUANGZHOU, China, Aug. 30, 2023 (GLOBE NEWSWIRE) -- FANHUA Inc. (NASDAQ:FANH) (the "Company" or "FANHUA"), a leading independent financial services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 20231. Financial Highlights for the Second Quarter of 2023: (In thousands, except per ADS data and percentages)2022Q2(RMB)2023Q2(RMB)2023Q2(US$)Change %Total net revenues703,1161,132,640156,19861.1Operating income31,02886,03211,864177.3Net income attributable to shareholders32,12376,51510,551138.2Adjusted EBITDA235,711104,14114,361191.6Diluted net income per ADS0.601.420.20136.7Diluted adjusted EBITDA per ADS30.661.930.27192.4Cash, cash equ
GUANGZHOU, China, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Fanhua Inc. ("Fanhua" or "the Company") (NASDAQ:FANH), a leading independent financial services provider in China, today announced that it will release its unaudited financial results for the second quarter 2023 before the U.S. financial markets open on August 30, 2023 Eastern Daylight Time. A conference call will be hosted by Mr. Yinan Hu, chairman and chief executive officer of the Company, Mr. Ben Lin, co-chairman and chief strategy officer of the Company, Mr. Peng Ge, chief financial officer of the Company and Mr. Lichong Liu, chief operating officer of the Company to discuss the second quarter 2023 financial results at: Time: 9:00
GUANGZHOU, China, May 30, 2023 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent financial services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 20231. Financial Highlights for the First Quarter of 2023: (In thousands, except per ADS)2022Q1(RMB)2023Q1(RMB)2023Q1(US$)Change %Total net revenues686,387 827,737120,52820.6Operating income20,589 60,3558,789193.1Non-GAAP operating income220,589 63,4749,243208.3Net income (loss) attributable to the Company's shareholders(37,838)60,4528,803N/ANon-GAAP net income attributable to the Company's shareholders340,439 63,5719,25757.2Dilu
GUANGZHOU, China, May 22, 2023 (GLOBE NEWSWIRE) -- Fanhua Inc. ("Fanhua" or "the Company") (NASDAQ:FANH), a leading independent financial services provider in China, today announced that it will release its unaudited financial results for the first quarter 2023 after the close of the U.S. financial markets on May 30, 2023 Eastern Daylight Time. Mr. Yinan Hu, chairman and chief executive officer of the Company, Mr. Peng Ge, chief financial officer of the Company and Mr. Lichong Liu, chief operating officer of the Company will host a conference call to discuss the first quarter 2023 financial results at: Time: 9:00 p.m. Eastern Daylight Time on June 5, 2023 or 9:00 a.m. Be
GUANGZHOU, China, March 13, 2023 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent financial services provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 20221. Financial Highlights for the Fourth Quarter of 2022: (In thousands, except per ADS)2021Q4 (RMB)2022Q4 (RMB) 2022Q4(US$) Change %Total net revenues802,629 767,365 111,258 (4.4)Operating income82,336 84,893 12,309 3.1 Impairment on investment in an affiliate(29,316)— — N/A Net income attributable to the Company's shareholders10,949 70,616 10,239 545.0 Non-GAAP net income attributable to the Company's shareholders24
GUANGZHOU, China, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Fanhua Inc. ("Fanhua" or "the Company") (NASDAQ:FANH), a leading independent financial services provider in China, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year 2022 after the close of the U.S. financial markets on March 13, 2023 Eastern Time. Mr. Hu Yinan, chairman & CEO Mr. Peng Ge, CFO and Mr. Lichong Liu, COO will host a conference call to discuss the fourth quarter and fiscal year 2022 financial results at: Time: 9:00 p.m. Eastern Daylight Time on March 13, 2023 or 9:00 a.m. Beijing/Hong Kong Time on March 14, 2023 Please pre-register online in advance to join the
SC 13D/A - FANHUA INC. (0001413855) (Subject)
SC 13D/A - FANHUA INC. (0001413855) (Subject)
SC 13G/A - FANHUA INC. (0001413855) (Subject)
SC 13D/A - FANHUA INC. (0001413855) (Subject)
SC 13G - FANHUA INC. (0001413855) (Subject)
SC 13D - FANHUA INC. (0001413855) (Subject)
Key Takeaways: Fanhua’s board has doubled the size of a previous share repurchase program, while its top executives have also pledged to buy more of the company’s plunging shares The moves come as a plan to expand into new businesses with a Singaporean investor appears to have stalled By Warren Yang A decline in a company’s stock can have business implications beyond simply eroding shareholder value. One such case is online insurance broker Fanhua Inc. (NASDAQ:FANH), whose recently freefalling stock and market value seem to be throwing a spanner into a major tie-up with a Singaporean investor. That said, it’s no wonder the company is doubling down on efforts to stop the recent hemorrh
Totaling $40M
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Heritage Insurance Holdings Inc (NYSE:HRTG) On May 1, Heritage Insurance Holdings reported worse-than-expected first-quarter EP
Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the "Board") has authorized the expansion of the Company's share repurchase program by an additional US$20 million, bringing the total authorized amount of share repurchase to US$40 million. The share repurchase program was intended to enhance shareholder returns and signals the Company's confidence in its long-term growth prospects. As of June 30, 2024, approximately 726,616 American Depository Shares had been repurchased at an aggregate purchase price of approximately US$5.4 million since the inception of the sh
FANHUA Inc. (NASDAQ:FANH) (the "Company" or "FANHUA"), a leading independent technology-driven financial services provider in China, today announced that it signed a strategic cooperation agreement ("Agreement") with Baidu AI Cloud to jointly develop "Du Xiaobao", an AI-Powered insurance sales assistant application equipped with professional service capabilities. This initiative aims to drive the digital and intelligent transformation of the insurance industry, providing insurance agents with a more intelligent and convenient sales experience. Pursuant to the Agreement, the parties will combine their respective resources to jointly develop and operate "Du Xiaobao." Fanhua will provide ser
Key Takeaways: Insurance broker Zhongmiao, backed by appliance giant Haier Group, has filed to list in Hong Kong The company has a small revenue base but boasts strong profits by focusing on lucrative corporate insurance and using a light cost structure By Warren Yang Investors understandably don’t often get too excited about insurance brokers that typically lack glamorous growth stories like those for high-flying tech companies. But anyone seeking a highly profitable business may want to give Zhongmiao Innovation Technology (Qingdao) Co. Ltd. a serious look. At first glance, one of the most eye-catching things about Zhongmiao is its majority ownership by Haier Group, one of China’s
Companies Reporting Before The Bell • UP Fintech Holding (NASDAQ:TIGR) is expected to report quarterly earnings at $0.07 per share on revenue of $207.00 million. • Fanhua (NASDAQ:FANH) is estimated to report earnings for its fourth quarter. • Mogo (NASDAQ:MOGO) is likely to report quarterly loss at $0.09 per share on revenue of $12.14 million. • Ollie's Bargain Outlet (NASDAQ:OLLI) is projected to report quarterly earnings at $1.15 per share on revenue of $641.29 million. • Sportradar Gr (NASDAQ:SRAD) is estimated to report quarterly earnings at $0.04 per share on revenue of $271.46 million. • Boyd Gaming (NYSE:BYD) is estimated to report quarterly earnings at $1.49 per share on revenu
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Huize Holding (NASDAQ:HUIZ) stock rose 12.28% to $0.75 during Friday's regular session. As of 13:40 EST, Huize Holding's stock is trading at a volume of 13.3K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $33.9 million. Root (NASDAQ:ROOT) stock increased by 9.66% to $50.74. As of 13:40 EST, Root's stock is trading at a volume of 574.8K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $675.5 million. Oxbridge Re Holdings (NASDAQ:OXBR) shares moved upwards by
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Huize Holding (NASDAQ:HUIZ) shares rose 15.85% to $0.76 during Tuesday's regular session. Huize Holding's stock is trading at a volume of 86.0K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $33.2 million. Marpai (NASDAQ:MRAI) stock rose 12.27% to $2.2. As of 13:40 EST, Marpai's stock is trading at a volume of 639.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $20.6 million. Universal Insurance Hldgs (NYSE:UVE) stock