Brief: Fanhua Reports Fourth Quarter And Fiscal Year 2019 Unaudited Financial Results

AIFU

18/03/2020 21:53

March 18 (Reuters) - Fanhua Inc  FANH.O :
    * FANHUA REPORTS FOURTH QUARTER AND FISCAL YEAR 2019
UNAUDITED
FINANCIAL RESULTS
    * Q4 REVENUE ROSE 16.1 PERCENT TO RMB 1.013 BILLION
    * QTRLY DILUTED NET LOSS PER ADS $0.60
    * QTRLY NON-GAAP DILUTED NET INCOME PER ADS $0.25
    * STRONGLY POSITIONED TO CAPTURE OPPORTUNITIES IN INSURANCE
MARKET
IN H2 2020
    * EXPECT CO'S BUSINESS TO RESUME TO NORMAL LEVEL IN Q2 OF
2020
    * EXPECT LIFE INSURANCE APE TO BE NO LESS THAN RMB300
MILLION,
RENEWAL PREMIUMS TO BE NO LESS THAN RMB1.8 BILLION FOR Q1
    * REGULAR DIVIDEND POLICY WILL REMAIN UNCHANGED
    * EXPECT OPERATING INCOME TO BE NO LESS THAN RMB50 MILLION
FOR Q1
OF 2020
    * FOR FULL YEAR OF 2020, EXPECT LIFE INSURANCE APE TO BE NO
LESS
THAN RMB1.7 BILLION
    * FOR FULL YEAR OF 2020, EXPECT TOTAL LIFE INSURANCE GWP TO
BE NO
LESS THAN RMB10 BILLION, AND OPERATING INCOME TO BE NO LESS THAN
RMB420 MILLION

Source text for Eikon:  ID:nGNX4XsflF 
Further company coverage:  FANH.O 

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