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Fanhua Inc (FANH.OQ)

FANH.OQ on NASDAQ Stock Exchange Global Select Market

30.48USD
16 Aug 2019
Change (% chg)

$-0.11 (-0.36%)
Prev Close
$30.59
Open
$30.86
Day's High
$30.90
Day's Low
$30.40
Volume
137,006
Avg. Vol
134,741
52-wk High
$35.54
52-wk Low
$19.39

Latest Key Developments (Source: Significant Developments)

Fanhua Reports Fourth Quarter And Fiscal Year 2018 Unaudited Financial Results
Tuesday, 12 Mar 2019 

March 11 (Reuters) - Fanhua Inc ::FANHUA REPORTS FOURTH QUARTER AND FISCAL YEAR 2018 UNAUDITED FINANCIAL RESULTS.Q4 REVENUE ROSE 26.3 PERCENT TO RMB 871.9 MILLION.QTRLY DILUTED NET INCOME PER ADS RMB 1.99.QTRLY DILUTED NET INCOME PER ADS $0.29."INVESTMENT INCOME IS EXPECTED TO DROP IN 2019"."EXPECT A SLIGHT INCREASE IN NET INCOME ATTRIBUTABLE TO SHAREHOLDERS IN 2019 ON A YEAR-ON-YEAR BASIS".ANTICIPATE GROWTH OF BASIC EARNINGS PER SHARE WILL BE AROUND 10% IN 2019.BOARD APPROVED TO INCREASE COMPANY'S ANNUAL DIVIDEND BY 20% FROM US$1.0 PER ADS IN 2018 TO US$1.2 PER ADS IN 2019.ON MARCH 8, BOARD APPROVED SHARE REPURCHASE PROGRAM TO EXECUTE REPURCHASE OF UP TO $200 MILLION OF COMPANY'S ADSS BY DECEMBER 31, 2019.EXPECTS OPERATING INCOME TO BE NO LESS THAN RMB126.0 MILLION FOR Q1 OF 2019.  Full Article

Fanhua Responses To Certain Research Report
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Fanhua Inc ::FANHUA RESPONSES TO CERTAIN RESEARCH REPORT.FANHUA INC - MANAGEMENT WILL SUBMIT A PROPOSAL TO BOARD TO INCREASE DIVIDEND PER ADS FOR FISCAL YEAR 2019.FANHUA INC - COMPANY EXPECTS BUSINESS RELATIONSHIP WITH CHECHE TO CONTINUE.FANHUA INC - ISSUED RESPONSE TO EXTERNAL RESEARCH REPORT WHICH CAUSED UNUSUAL TRADING ACTIVITIES OF STOCK PRICE ON JAN. 17, 2019.FANHUA - NEITHER FANHUA'S BOARD MEMBERS NOR MANAGEMENT HAVE ANY FINANCIAL OR EQUITY CONNECTION WITH CHENGCHUANG INVESTMENT.FANHUA INC - COMPANY HAS "NO KNOWLEDGE OF CHENGCHUANG'S BUSINESS OPERATION".  Full Article

Fanhua Announces Update On Its Share Buyback Program
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Fanhua Inc ::FANHUA ANNOUNCES UPDATE ON ITS SHARE BUYBACK PROGRAM.FANHUA INC - REPURCHASED 1 MILLION AMERICAN DEPOSITARY SHARES IN PERIOD FROM AUGUST 28, 2018 TO OCTOBER 31, 2018.FANHUA INC - ADSS WERE REPURCHASED AT AN AVERAGE PRICE OF US$25.8582 PER ADS FOR A TOTAL AMOUNT OF APPROXIMATELY US$26.0 MILLION.  Full Article

Fanhua Q4 Revenue Falls 47.8 Pct
Tuesday, 13 Mar 2018 

March 12 (Reuters) - Fanhua Inc ::FANHUA REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 UNAUDITED FINANCIAL RESULTS AND DECLARES QUARTERLY DIVIDEND.Q4 REVENUE FELL 47.8 PERCENT TO RMB 690.5 MILLION.QTRLY DILUTED NET INCOME PER ADS RMB 1.98.EXPECTS OPERATING INCOME TO BE NO LESS THAN RMB80.0 MILLION FOR Q1 OF 2018.INCOME TAX EXPENSE WAS RMB167.8 MILLION (US$25.8MILLION) FOR 2017, FROM RMB27.2 MILLION IN 2016.  Full Article

Fanhua qtrly ‍diluted net income per ADS RMB 1.77​
Tuesday, 21 Nov 2017 

Nov 20 (Reuters) - Fanhua Inc ::Fanhua reports third quarter 2017 unaudited financial results and declares quarterly dividend.Q3 revenue fell 9.6 percent to RMB 1.1 billion.Fanhua Inc qtrly ‍diluted net income per ADS RMB 1.77​.Fanhua Inc - expects its operating income to be no less than RMB60.0 million for four quarter of 2017​.Fanhua Inc - ‍on November 19, 2017, Fanhua's board declared a quarterly dividend of US$0.01 per ordinary share, or US$0.20 per ADS​.  Full Article

Fanhua announces spin-off of its P&C insurance subsidiaries
Saturday, 28 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

Fanhua announces change of chairman of the board
Monday, 18 Sep 2017 

Sept 18 (Reuters) - Fanhua Inc :Fanhua announces change of chairman of the board.Fanhua Inc - ‍Chunlin Wang, chief executive officer of co, has been appointed by company's board to be chairman​.Fanhua Inc - Chunlin Wang fills vacancy left by resignation of Yinan Hu.Fanhua Inc - ‍ Yinan Hu will remain a director of company​.  Full Article