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
GUANGZHOU, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:AIFU) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced the results of its extraordinary general meeting of shareholders held in Guangzhou on October 31, 2024 at 9:00am Beijing Time. At the extraordinary general meeting, each of the following resolutions submitted for shareholder approval was adopted, and after the adoption of the proposed resolutions, all corporate authorizations and actions contemplated thereunder were approved: (i) THAT the Company's English name be changed from "Fanhua Inc." to "AIX Inc." and dual foreign (Chines
GUANGZHOU, China, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced the change of its ticker symbol from "FANH" to "AIFU". Effective on October 23, 2024, the Company's American Depository Shares will begin trading on Nasdaq under the new ticker symbol "AIFU". The change aligns with the Company's proposed change of Company's English name from "Fanhua Inc." to "AIX Inc." and Chinese name from "泛华控股集团"to"智能未来有限公司"with effect from November 1, 2024, pending approval by the Company's shareholders at the extraordinary general meeting scheduled on October 31, 2024.
GUANGZHOU, China, Oct. 09, 2024 (GLOBE NEWSWIRE) -- The board of directors (the "Board") of Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today issued an updated press release to correct its press release disseminated on October 1, 2024 which announced changes to its board of directors and management team (the "Original Announcement"). The statement regarding the professional experience of the newly appointed chairperson of the Board in the Original Announcement is hereby replaced with and changed to "Since June 2023, Ms. Hang Suong Nguyen has served as the Vice President of WEALTH WILL LIMITED, overseei
GUANGZHOU, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The board of directors (the "Board") of Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announces that Ms. Hang Suong Nguyen has been appointed as the new Chairperson of the Board, effective September 30, 2024.. Ms. Hang Suong Nguyen, Chairperson of the Board Ms. Nguyen has over 10 years of investment management experience. Since October 2019, she has been serving as Deputy Director of International Investment Strategy at Voyager Labs Limited, a global leader in advanced AI-based survey solutions, enabling global organizations to gain in-depth in
GUANGZHOU, China, Sept. 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 will hold an extraordinary general meeting (the "EGM") of shareholders at its executive office at 60/F, Pearl River Tower, No. 15 West Zhujiang Road, Guangzhou, Guangdong, People's Republic of China, at 9:00 a.m. on October 31, 2024, Beijing/Hong Kong Time. Holders of record of the Company's ordinary shares at the close of business on October 1, 2024, Eastern Time, or their proxy holders, are entitled to vote at the EGM or any adjournment or postponement thereof. Holders of reco
GUANGZHOU, China, Sept. 18, 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 first half ended June 30, 20241. Financial Highlights for the First Half of 2024: (In thousands, except per ADS data and percentages)2023H1 (RMB)2024H1 (RMB)2024H1(US$)Change %Total net revenues 1,960,377 1,123,178 154,555 (42.7)Operating income 146,387 54,910 7,557 (62.5)Loss from fair value change — (73,761) (10,150) — Net income attributable to shareholders 136,967 4,738 653 (96.5)Adjusted EBITDA2 178,221 77,665 10,687 (56.4)Diluted net income per ADS 2
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
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, Oct. 09, 2024 (GLOBE NEWSWIRE) -- The board of directors (the "Board") of Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today issued an updated press release to correct its press release disseminated on October 1, 2024 which announced changes to its board of directors and management team (the "Original Announcement"). The statement regarding the professional experience of the newly appointed chairperson of the Board in the Original Announcement is hereby replaced with and changed to "Since June 2023, Ms. Hang Suong Nguyen has served as the Vice President of WEALTH WILL LIMITED, overseei
GUANGZHOU, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The board of directors (the "Board") of Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announces that Ms. Hang Suong Nguyen has been appointed as the new Chairperson of the Board, effective September 30, 2024.. Ms. Hang Suong Nguyen, Chairperson of the Board Ms. Nguyen has over 10 years of investment management experience. Since October 2019, she has been serving as Deputy Director of International Investment Strategy at Voyager Labs Limited, a global leader in advanced AI-based survey solutions, enabling global organizations to gain in-depth in
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, Sept. 18, 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 first half ended June 30, 20241. Financial Highlights for the First Half of 2024: (In thousands, except per ADS data and percentages)2023H1 (RMB)2024H1 (RMB)2024H1(US$)Change %Total net revenues 1,960,377 1,123,178 154,555 (42.7)Operating income 146,387 54,910 7,557 (62.5)Loss from fair value change — (73,761) (10,150) — Net income attributable to shareholders 136,967 4,738 653 (96.5)Adjusted EBITDA2 178,221 77,665 10,687 (56.4)Diluted net income per ADS 2
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
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