Fanhua q1 revenue fell 25.6% to rmb 722.6 mln

Fanhua reports first quarter 2020 unaudited financial results.q1 revenue fell 25.6 percent to rmb 722.6 million.qtrly diluted net income per ads of rmb 0.85.expects its operating income to be no less than rmb70.0 million for q2 of 2020.are confident that we will be able to remain profitable with stable operating cash flow.management reiterates that will maintain regular dividend policy of $0.25 per ads for remainder of year.as pandemic spread rampantly around world, a full resumption of work and production in china has also been delayed.as of march 31, 2020, company had rmb1,843.2 million in cash, cash equivalents and short-term investments.
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