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泛华 金控 20 Fanhua Inc. 1998-2018 Fanhua Reports First Quarter 2021 Unaudited Financial Results May 27 , 2021 -- GUANGZHOU , China , May 27 , 2021 ( GLOBE NEWSWIRE ) Fanhua Inc. , ( Nasdaq : FANH ) , ( the " Company " or " Fanhua ” ) , a leading independent financial services provider in China , today announced its unaudited financial results for the first quarter ended March 31 , 20211 . Financial Highlights for the First Quarter of 2021 : ( In thousands , except per ADS ) Total net revenues Operating income Net income attributable to the Company's shareholders Basic and diluted net income per ADS2 Cash , cash equivalents and short- term investments ( As of March , 31 , 2020 and 2021 ) 2020Q1 ( RMB ) 2021Q1 2021Q1 Change % ( RMB ) ( US $ ) 722,623 60,044 1,095,029 167,134 51.5 140,401 21,429 133.8 45,793 138,385 21,121 202.2 0.85 2.58 0.39 203.5 1,843,238 1,624,399 247,932 ( 11.9 ) Commenting on the financial results of first quarter of 2021 , Mr. Chunlin Wang , chairman and chief executive officer of Fanhua , stated , " We are glad to record strong growth across various operating metrics . During the first quarter of 2021 , our total insurance gross written premiums ( " GWP " ) grew by 27.9 % year over year to RMB3.1 billion , of which first year premiums was up 57.0 % year - over - year to RMB892.7 million . Our net revenues was up 51.5 % year - over - year to RMB1.1 billion and our operating income grew by 133.8 % to RMB140.4 million . " China's life insurance market is undergoing deep reform which brings about both challenges and opportunities . With our ' Professionalization , Digitalization and Open Platform ' strategy , we believe we are well positioned to capture these opportunities . We are glad that we've made steady progress in pushing forward the new strategy . Up to date , we have approved the establishment of nine Yuntong ( literally translated as Cloud Phoenixtree ) ³ branches as part of our efforts to strengthen our sales force and we expect to have two of the Yuntong branches in operation by July . To digitalize our operation , we started to promote our enterprise Wechat application among direct consumers on a trial basis in certain regions , which will help facilitate our agents to engage with their prospective customers more efficiently . In addition , our digital marketing center has so far recruited 100 service representatives to facilitate online and telemarketing transactions . Meanwhile , for open platform initiative , our Cloud Service Division has established partnerships with approximately 16 channel partners and is in the process of facilitating system connections and testing business processes . " For the second quarter of 2021 , amid persistent headwinds and a difficult year - on - year comparison due to 2020 Q2 post - Covid recovery , life insurance industry in China overall is expected to record a negative growth in new business . Against this backdrop , we expect our total GWP facilitated to be approximately RMB2.6 billion , representing a year - over - year growth of 6.7 % . After considering incremental expenditures required for implementing the new strategy , we expect our operating income will be no less than RMB50 million . " For the second half of 2021 , we will continue to step up investment in executing on our new strategy while ensuring the achievement of no less than RMB300 million operating income for the full year of 2021. " Financial Results for the First quarter of 2021 Total net revenues were RMB1,095.0 million ( US $ 167.1 million ) for the first quarter of 2021 , representing an increase of 51.5 % from RMB722.6 million for the corresponding period in 2020 . • Net revenues for agency business were RMB1,000.1 million ( US $ 152.6 million ) for the first quarter of 2021 , representing