FANH - Earnings announcements

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

-- Operating Income for the Third Quarter of 2022 Grew 14.2% YOY -- GUANGZHOU, China, Nov. 21, 2022 (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, 20221. Financial Highlights for the Third Quarter of 2022 (In thousands, except per ADS data)2021Q3(RMB)2022Q3(RMB)2022Q3(US$)Change %Total net revenues683,537624,74687,825(8.6)Operating income28,16332,1654,52214.2 Net income attributable to the Company's shareholders34,25035,3714,9723.3 Diluted net income per ADS0.640.660.093.1 Cash, cash

GUANGZHOU, China, Nov. 14, 2022 (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 third quarter 2022 after the close of the U.S. financial markets on November 21, 2022 Eastern Time. Mr. Hu Yinan, chairman & CEO and Mr. Peng Ge, CFO will host a conference call to discuss the third quarter 2022 financial results at: Time: 8:00 p.m. Eastern Time on November 21, 2022     or 9:00 a.m. Beijing/Hong Kong Time on November 22, 2022 Please pre-register online in advance to join the conference call by navigating to the link provided belo

-- Life Insurance's First Year Premiums for the Second Quarter of 2022 Grew 43.7% YoY -- -- Operating Income for the Second Quarter of 2022 Beats Guidance -- GUANGZHOU, China, Aug. 23, 2022 (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 and first half ended June 30, 20221. Financial Highlights for the Second Quarter of 2022 (In thousands, except per ADS data)2021Q2(

GUANGZHOU, China, Aug. 16, 2022 (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 and first half 2022 after the close of the U.S. financial markets on August 23, 2022 Eastern Time. Mr. Hu Yinan, chairman & CEO and Mr. Peng Ge, CFO will host a conference call to discuss the second quarter and first half 2022 financial results at: Time: 9:00 p.m. Eastern Daylight Time on August 23, 2022    or 9:00 a.m. Beijing/Hong Kong Time on August 24, 2022 Please pre-register online in advance to join the conference call by na

GUANGZHOU, China, May 16, 2022 (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 first quarter 2022 after the close of the U.S. financial markets on May 26, 2022. Mr. Yinan Hu, chairman and CEO and Mr. Peng Ge, CFO will host a conference call to discuss first quarter 2022 financial results at: Time: 9:00 p.m. Eastern Time on May 26, 2022    or 9:00 a.m. Beijing Time on May 27, 2022 The toll free dial-in numbers: United States1-833-239-5565Hong Kong, China800-906-601South Korea080-850-0474 The toll dial-in numbers: China (Mainland

GUANGZHOU, China, March 28, 2022 (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, 20211. Financial Highlights for the Fourth Quarter of 2021: (In thousands, except per ADS)2020Q4 (RMB)2021Q4 (RMB)2021Q4(US$)Change %Total net revenues851,974 802,629 125,950 (5.8)Operating income71,874 82,336 12,921 14.6 Impairment on investment in an affiliate(22,958)(29,316)(4,600)27.7 Net income attributable to the Company's shareholders47,826 10,949 1,718 (77.1)Non-GAAP net income attributable to the Company's sha

GUANGZHOU, China, March 17, 2022 (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 fourth quarter and fiscal year 2021 after the close of the U.S. financial markets on March 28, 2022. Mr. Yinan Hu, chairman and CEO and Mr. Peng Ge, CFO will host a conference call to discuss fourth quarter and fiscal year 2021 financial results at: Time: 9:00 p.m. Eastern Time on March 28, 2022    or 9:00 a.m. Beijing Time on March 29, 2022 The toll free dial-in numbers: United States1-833-239-5565Hong Kong, China800-906-601South Korea080-850

GUANGZHOU, China, Nov. 23, 2021 (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, 20211. Financial Highlights for the Third Quarter of 2021: (In thousands, except per ADS)2020Q3(RMB)2021Q3(RMB)2021Q3(US$)Change %Total net revenues812,003683,537106,083(15.8)Operating income73,32628,1634,371(61.6)Net income attributable to the Company's shareholders75,32234,2505,316(54.5)Diluted net income per ADS1.400.640.10(54.3)Cash, cash equivalents and short- term investments (As of September 30, 2020 and 2021)1,700,4721,397,727

GUANGZHOU, China, Nov. 09, 2021 (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 third quarter 2021 after the close of the U.S. financial markets on November 23, 2021. Mr. Chunlin Wang, chairman & CEO and Mr. Peng Ge, CFO will host a conference call to discuss third quarter 2021 financial results at: Time: 8:00 p.m. Eastern Time on November 23, 2021    or 9:00 a.m. Beijing Time on November 24, 2021 The toll free dial-in numbers: United States1-833-239-5565United Kingdom0800-279-8057France0805-101-226Germany 0800-182-0671Aus

GUANGZHOU, China, Aug. 23, 2021 (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 and first half ended June 30, 20211. Financial Highlights for the Second Quarter of 2021: (In thousands, except per ADS)2020Q2(RMB)2021Q2(RMB)2021Q2(US$)Change %Total net revenues881,545689,919106,855(21.7)Operating income96,94251,0057,900(47.4)Share of income of affiliates4,48710,9651,698144.4 Net income attributable to the Company's shareholders99,31367,40510,440(32.1)Diluted net income per ADS1.851.250.19(32.4)Cash, cash equivalents and short- term i

GUANGZHOU, China, Aug. 09, 2021 (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 second quarter and first half 2021 after the close of the U.S. financial markets on August 23, 2021. Mr. Chunlin Wang, chairman & CEO and Mr. Peng Ge, CFO will host a conference call to discuss second quarter and first half 2021 financial results at: Time: 9:00 p.m. Eastern Time on August 23, 2021       or 9:00 a.m. Beijing Time on August 24, 2021 The toll free dial-in numbers: United States1-866-519-4004United Kingdom0808-234-6646France