Fanhua Inc.

Q1 2021 Earnings Conference Call

5/28/2021

spk_1: standing by for SAN Jose first quarter 2000 and 21 earnings conference call this time or participants are in a listen only mode after the lines have been placed or lines have been placed on you to prevent background noise. After the management's prepared remarks, there will be a question and answer session. Please follow the instructions given at the time. If you'd like to ask a question for your information, this conference is now being broadcast live over the internet. Webcast replay will be available within three hours after the conference is finished. Please visit our website at ir dot fan who holdings dot com are the events and webcasts section. Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the meeting over the host for today's conference. It's always askew fund was invested. Relations Manager.
spk_0: Good morning. Welcome to our first quarter 2021 and his conference call. The indians results were released earlier today and are available on our I our website as well as on Newswire. Before we continue, please know that. Yeah, we know that the discussion today will contend forward looking statements may under the safe harbor position of the U. S. Private securities litigation is um at of 1995. The accuracy of this statement may be impacted by a number of business risks and uncertainties that could cause our actual results to differ materially from those projected or anticipated. Such risks and uncertainties include but not limited to those islands. In our filing, what they have to see Including our registration statements and some 20 s. We do not undertake any obligation to update it for looking information except as required under applicable law joining us today for our Chief executive officer. Mr Chen Liang wang. Chief financial officer Mr bunker and both secretary leading lee Mr Wang will provide a review of initial and operating Shano highlight. In the first quarter 2021 there will be a community session after the prepared remarks. Now I would tend to call over to Mr wang
spk_2: oh your heart first I'm gonna hear Tanya didn't hand the key buckley the only I am digital G shit Ali Ali E&P. two. How about how about science, eat and sleep tom pita band of presidential. She don't shin dong going more bargain either. Peng beaten to balance was achieved social european too solutia johar the sound that we should talk about it. You'll see Ally in digital, you associate with the tender from your soul judging sleeve so we'll see he indeed when you can't sleep them. Punk band on the back side, how to teach you more about, you can see where peng beaten down balance, our bodies out there are
spk_0: full english. Yeah. For the first quarter of 2021 we once again the estimate the dollar results. Mhm. For the first quarter of 2021 we facilitate 3.1 billion r. And the total growth unions up 27.9% year over year. Which first quarter the first the opinions grew by 57%. Year over year to 892.7 million Romb. This is quality remains strong with 13 months Consistency ratio at over 91%. As a result of the scale of growth in life insurance business. Our net revenues which 1.1 billion RMB representing a rope of 51.5% year over year and operating income which 144 24 million Romb. 133.8% from a year ago. Not income attributable to shareholders Were 138.4 million on they up.
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