6-K - FANHUA INC. (0001413855) (Filer)
6-K - FANHUA INC. (0001413855) (Filer)
6-K - FANHUA INC. (0001413855) (Filer)
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, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announces that it has recently received a resignation letter from Mr. Peh Chin Hua, tendering his resignation from the Board as director and Chairman of the Board for personal reasons. The Board has accepted his resignation, effective immediately. The Board hereby wishes Mr. Peh all the best in his future endeavors. 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 capa
GUANGZHOU, China, Sept. 06, 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, through its wholly-owned subsidiary Fanhua BluePlus Health Management Co., Ltd. ("Fanhua BluePlus") has recently signed a strategic cooperation agreement with Shanghai Biotecan Pharmaceuticals Co. Ltd. ("Biotecan"). Pursuant to the strategic cooperation agreement, Fanhua BluePlus and Biotecan will leverage their respective resources and service strengths to collaborate on cutting-edge medical testing, health management, cell therapy, and other modern high-end medical and health man
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
SC 13D/A - FANHUA INC. (0001413855) (Subject)
SC 13D/A - FANHUA INC. (0001413855) (Subject)
SC 13G/A - 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
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