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Fanhua Inc (FANH.OQ)

FANH.OQ on NASDAQ Stock Exchange Global Select Market

20.78USD
17 Nov 2017
Change (% chg)

$1.26 (+6.45%)
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$19.52
Open
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Volume
334,010
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$21.55
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Latest Key Developments (Source: Significant Developments)

Fanhua announces spin-off of its P&C insurance subsidiaries
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Fanhua Inc :Fanhua announces spin-off of its P&C insurance subsidiaries.Fanhua - to sell equity interests in Fanhua Times Sales & Service and its P&C insurance units for total consideration of about RMB222 million​.Fanhua Inc- ‍starting Oct. 1, co will no longer charge insurance companies commissions, pay commissions to sales agents for P&C insurance business​.Fanhua Inc - ‍impact on its operating profit and net profit should be limited from deal​.Fanhua-Due to transition, expects substantial decline in total revenues and commission costs, while gross margin is expected to improve significantly​.Fanhua - ‍to sell equity interests in fanhua times sales & service and its P&C insurance units to Beijing Cheche Technology​.  Full Article

CNinsure reports Q2 earnings per ADS of $0.08
Thursday, 18 Aug 2016 

Cninsure Inc - : CNinsure reports second quarter and first half 2016 unaudited financial results . Q2 revenue RMB 850.9 million . Basic and diluted net income per ADS were RMB0.53 (US$0.08) and RMB0.51 (US$0.08) for Q2 of 2016 . Sees Q3 2016 revenue up about 40 percent . Total net revenues were RMB1,066.1 million (US$160.4 million) for Q2 of 2016, representing an increase of 58.6% from RMB672.1 million .Qtrly interest income was RMB1.8 million (US$0.3 million) for Q2, representing a decrease of 88.9% from RMB16.5 million for corresponding period in 2015.  Full Article

Qiuping Lai reports 11.8 pct passive stake in Cninsure as of June 16, 2016 - SEC Filing
Monday, 20 Jun 2016 

Cninsure Inc : Qiuping Lai reports 11.8 pct passive stake in Cninsure as of June 16, 2016 - SEC Filing Source - http://1.usa.gov/28J6w6B Further company coverage: [CISG.O] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

CNinsure Q1 revenue RMB 697.5 million
Tuesday, 24 May 2016 

Cninsure Inc : Qtrly basic net income per ads $0.05 . Cninsure inc says number of active users of cnpad app was 27,905 in q1 of 2016, as compared to 36,679 in q4 of 2015 . Cninsure inc says total net revenues were us$140.8 million for q1 of 2016, representing an increase of 56.7% . Cninsure reports first quarter 2016 unaudited financial results . Sees q2 2016 revenue up about 40 percent .Q1 revenue rmb 697.5 million.  Full Article