FANHUA INC Announces FY2023 Q2 Earnings as of June 30 2023
September 3, 2023
🌥️Earnings Overview
FANHUA INC ($NASDAQ:FANH) announced their Q2 FY2023 earnings on September 1 2023, which indicated a 61.1% year-over-year increase in total revenue to CNY 1132.6 million and a 138.2% year-over-year increase in net income to CNY 76.5 million as of June 30 2023.
Market Price
The stock opened at $7.1 and closed at $7.2, a rise of 8.0% from the last closing price of 6.7. The company’s management expects to continue to deliver strong financial results in the future quarters through leveraging its advanced technologies and expanding market presence. Overall, FANHUA INC’s FY2023 Q2 results demonstrate the company’s commitment to creating long-term value for shareholders and stakeholders alike. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fanhua Inc. More…
| Total Revenues | Net Income | Net Margin |
| 3.35k | 242.95 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fanhua Inc. More…
| Operations | Investing | Financing |
| 208.35 | -317.57 | 169.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fanhua Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.15k | 1.91k | 34.02 |
Key Ratios Snapshot
Some of the financial key ratios for Fanhua Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.9% | -14.6% | 8.5% |
| FCF Margin | ROE | ROA |
| 3.9% | 9.3% | 4.3% |
Analysis
At GoodWhale, we have analyzed the fundamentals of FANHUA INC and based on our Star Chart, we have concluded that FANHUA INC is strong in asset and profitability, medium in growth and weak in dividend. Furthermore, FANHUA INC’s health score is 10/10 with regard to its cashflows and debt, indicating that this company is capable to pay off debt and fund future operations. Based on our analysis, we have further categorized FANHUA INC into ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This type of company may appeal to investors that are looking for steady investments with moderate upside potential. Such investors may be interested in FANHUA INC because the company provides stability in terms of asset and profitability, although its growth potential is limited. More…
Peers
The company has established itself as a major player in the Chinese insurance market along with its main competitors Tian Ruixiang Holdings Ltd, Golden Insurance Brokers Co Ltd and China United Insurance Service Inc.
– Tian Ruixiang Holdings Ltd ($NASDAQ:TIRX)
Tian Ruixiang Holdings Ltd is a Chinese financial service provider, focused on providing consumer-centric financial technology services. The company has a market cap of 3.24M in 2023, indicating that its stock is not widely available in the market. Its return on equity of -8.76% reveals that the company is not performing as well as expected. The company is not generating enough profits to cover the cost of capital, indicating that it needs to improve its business operations. Tian Ruixiang Holdings Ltd has the potential to grow, but the company needs to focus on improving its performance in order to increase its market share.
– Golden Insurance Brokers Co Ltd ($TPEX:6028)
Golden Insurance Brokers Co Ltd is a leading insurance broker with a market capitalization of 996M as of 2023. The company provides insurance brokering services, specializing in commercial and personal lines of business. The company’s strong financial performance is evident in its return on equity (ROE) of 16.14%. This indicates that the company is able to efficiently generate profits from its invested capital and is a good indicator of the company’s performance and potential growth.
– China United Insurance Service Inc ($OTCPK:CUII)
United Insurance Service Inc is a top-tier company providing a range of insurance services in the United States. As of 2023, the company has a market capitalization of 46.04 million USD, which means that the company is worth more than $46 million in comparison to its competitors. Additionally, with a Return on Equity (ROE) of 33.54%, United Insurance Service Inc has demonstrated an impressive ability to generate returns for its shareholders. This indicates that the company is a good investment for investors and that its management is efficient in utilizing its resources to produce strong returns.
Summary
FANHUA INC investors are likely to be pleased with the company’s financial results for the second quarter of FY2023. Revenue increased 61.1% year-over-year, while net income rose 138.2%. The stock price reacted positively to the news, further reinforcing the positive sentiment surrounding the company’s financial performance. Going forward, FANHUA INC is well-positioned to capitalize on the growth opportunities ahead.
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