Advisory Information for Investors
Thank you for visiting the Investor Relations site of Fanhua Inc. (formerly known as CNinsure Inc.) where we provide information to help investors track our performance.
The content of this site is provided for informational purposes only, and is not intended for trading or investment purposes. Some of the content is provided by third parties. Fanhua Inc. does not guarantee the accuracy or completeness of the data contained on this site. Fanhua Inc. will not be liable for any delays, inaccuracies, or errors in the content, or for any actions taken in reliance thereon. Fanhua Inc. does not assume any duty of disclosure beyond that imposed by law, and expressly disclaims any duty to update any information set forth herein.
Historical and current stock performance data are not necessarily indicative of future performance. Materials posed on this site contain forward-looking statements. Such statements are based on management's current expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that may cause such a difference include, but are not limited to, those outlined in our filings with the SEC, including our registration statement on Form 20-F, all of which are listed on the page under "SEC Filings". We do not undertake any obligation to update this forward-looking information, except as required under applicable law.
By clicking on "Accept," the viewer acknowledges that he or she has read and understands this disclaimer.
Fanhua Announces Spin-off of its P&C Insurance Subsidiaries
Fanhua's plan to change its P&C insurance business from a commission spread-based profit model to a fee-based platform model was previously announced on
The spin-off of its P&C Insurance Division marks an important step forward towards Fanhua's transition to the P&C insurance platform model. Starting from
As the result of the transition, Fanhua expects a substantial decline in both of its total revenues and commission costs, while its gross margin is expected to improve significantly. The impact on its operating profit and net profit should be limited. From a long-term perspective, the Company expect this move will help elevate its overall profitability.
About Fanhua Inc.
Our online platforms include (1) Baoxian.com, a consumer-oriented online entry portal for comparing and purchasing hundreds of health, accident, travel and homeowner insurance products provided by
over 30 insurance companies; (2) CNpad App, a mobile sales support application that helps insurance agents provide real-time quotations and online transactions of a wide spectrum of auto insurance, life insurance and wealth management products to customers; and (3) eHuzhu (www.ehuzhu.com), a non-profit online mutual aid platform in
Our offline insurance distribution and service networks cover 29 provinces across
This press release contains statements of a forward-looking nature. These statements, including the statements relating to the Company's future financial and operating results, are made under the "safe harbor" provisions of the
For more information about
Investor Relations Manager
Tel: (8620) 83883191
News Provided by Acquire Media