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泛华 金控 20 th 1998-2018 Fanhua Inc. Fanhua Reports Second Quarter and First Half 2021 Unaudited Financial Results August 23 , 2021 GUANGZHOU , China , Aug. 23 , 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 second quarter and first half ended June 30 , 20211 . Financial Highlights for the Second Quarter of 2021 : ( In thousands , except per ADS ) Total net revenues Operating income 2020Q2 2021Q2 2021Q2 Change ( RMB ) ( RMB ) ( US $ ) % 881,545 689,919 106,855 ( 21.7 ) Cash , cash equivalents and short - term investments ( As of June 30 , 2020 and 2021 ) 96,942 51,005 7,900 ( 47.4 ) 4,487 10,965 1,698 144.4 99,313 67,405 10,440 1.85 1.25 1,655,866 1,447,685 ( 32.1 ) 0.19 ( 32.4 ) 224,218 ( 12.6 ) Share of income of affiliates Net income attributable to the Company's shareholders Diluted net income per ADS Financial Highlights for the First Half of 2021 : ( In thousands , except per ADS ) Total net revenues Operating income Share of income ( loss ) of affiliates Net income attributable to the Company's shareholders Diluted net income per ADS 2020 ( RMB ) ( RMB ) ( US $ ) First Half First Half First Half 2021 Change 2021 % 1,604,168 1,784,948 276,453 11.3 156,986 191,406 29,645 21.9 2.70 ( 7,852 ) 26,327 145,106 205,790 31,873 3.83 0.59 4,078 41.8 41.9 " The resurgences of COVID - 19 have brought far - reaching impact on China's economy and business activities nation - wide , directly or indirectly hurting consumer confidence and purchasing power of middle - class families . Many industries have been drastically impacted , and the insurance industry was certainly not immune " Commenting on the financial results of second quarter of 2021 , Mr. Chunlin Wang , chairman and chief executive officer of Fanhua , stated , “ In the second quarter , China's life insurance industry saw a decline of 16.6 % year - over - year . Against the headwind , we still managed to record RMB2.5 billion in total life insurance GWP , up by 4.9 % year - over - year , with operating income beating expectation to achieve RMB51.0 million . For the first half of 2021 , while the life insurance industry only grew by 0.4 % year - over - year in GWP , our life insurance business grew by 16.9 % year - over - year to RMB5.5 billion in terms of GWP and our operating income achieved RMB191.4 million , meeting nearly two - thirds of our target for 2021 . " Faced with industrial challenges , we also see great opportunities . We believe that there is tremendous room waiting to be explored in China's life insurance market in the long run , and that professional insurance intermediaries , as an important insurance distribution force , still will benefit from the huge growth potential . " With an ageing population , the demand of Chinese middle - class families for commercial pension insurance and long - term annuity is expected to continue to grow , and thus opens up a huge blue ocean market . The key to cultivating and meeting such demand is to build a high - quality sales force , gain customer insight through digital intelligence , and provide customers with a variety of customized products according to their individual needs , thus prolonging customer life cycle . We believe that our ' Professionalization , Digitalization and Open Platform ' strategy has prepared us well for grasping such market opportunities . " We are glad that we have made good progress in implementing our ' Professionalization , Digitalization and Open Platform '