Brief: Fanhua Reports Q2 Non-Gaap Earnings Per Share Per Ads Rmb 2.51

AIFU

20/08/2019 21:40

Aug 20 (Reuters) - Fanhua Inc  FANH.O :
    * FANHUA REPORTS SECOND QUARTER AND FIRST HALF 2019
UNAUDITED
FINANCIAL RESULTS
    * Q2 REVENUE FELL 7.6 PERCENT TO RMB 898.4 MILLION
    * QTRLY NON GAAP EARNINGS PER SHARE PER ADS RMB 2.51
    * QTRLY INCOME PER ADS RMB 1.78
    * IN 2019, WE HAVE SEEN FURTHER TIGHTENING OF REGULATORY
SUPERVISION
    * NEW PREMIUMS FOR INDIVIDUAL REGULAR LIFE INSURANCE
PRODUCTS IN
LIFE INSURANCE INDUSTRY DROPPED SIGNIFICANTLY IN H1 2019
    * EXPECTED THAT NEGATIVE GROWTH IN INDUSTRY MAY CONTINUE
INTO
SECOND HALF OF 2019
    * QTRLY LIFE INSURANCE BUSINESS GREW BY 32.9% TO RMB2.0
BILLION IN
TERMS OF TOTAL INSURANCE PREMIUMS
    * BELIEVES THERE WILL BE BURGEONING DEMAND FOR INSURANCE
PRODUCTS
AMONG CHINESE CONSUMERS
    * QTRLY  INSURANCE PREMIUMS GENERATED ON BAOXIAN.COM WAS
RMB93.4
MILLION VERSUS RMB560.0 MILLION
    * QTRLY DECREASE IN INSURANCE PREMIUMS GENERATED ON
BAOXIAN.COM
WAS DUE TO TERMINATION OF BUSINESS COOPERATION WITH ONE CHANNEL
PARTNER
    * EXPECTS ITS NON-GAAP OPERATING INCOME TO BE APPROXIMATELY
RMB110
MILLION FOR Q3 OF 2019

Source text for Eikon:  ID:nGNX5msHq4 
Further company coverage:  FANH.O 

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