Brief: Fanhua Q1 Revenue Fell 25.6% To RMB 722.6 Mln

AIFU

26/05/2020 22:15

May 26 (Reuters) - Fanhua Inc  FANH.O :
    * FANHUA REPORTS FIRST QUARTER 2020 UNAUDITED FINANCIAL
RESULTS
    * Q1 REVENUE FELL 25.6 PERCENT TO RMB 722.6 MILLION
    * QTRLY DILUTED NET INCOME PER ADS OF RMB 0.85
    * EXPECTS ITS OPERATING INCOME TO BE NO LESS THAN RMB70.0
MILLION
FOR Q2 OF 2020
    * ARE CONFIDENT THAT WE WILL BE ABLE TO REMAIN PROFITABLE
WITH
STABLE OPERATING CASH FLOW
    * MANAGEMENT REITERATES THAT WILL MAINTAIN REGULAR DIVIDEND
POLICY
OF $0.25 PER ADS FOR REMAINDER OF YEAR
    * AS PANDEMIC SPREAD RAMPANTLY AROUND WORLD, A FULL
RESUMPTION OF
WORK AND PRODUCTION IN CHINA HAS ALSO BEEN DELAYED
    * AS OF MARCH 31, 2020, COMPANY HAD RMB1,843.2 MILLION IN
CASH,
CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

Source text for Eikon:  ID:nGNX8lRRCN 
Further company coverage:  FANH.O 

 ((Reuters.Briefs@thomsonreuters.com;))