Independent financial services provider in China, Fanhua (NASDAQ:FANH) provides select preliminary Q3 numbers and expects to recognize an unrealized investment gain of ~$22.5M, or RMB164M, in Q3 2023, following the recent listing of a company in which FANHUA owns 2.8% equity interest.
Taking this unrealized investment gain into account, the company’s net income attributable to shareholders for Q3 is estimated to increase significantly.
FY guidance showed a 50% Y/Y increase in operating income in 2023 that remains unchanged.
Q3 results are expected on November 20, 2023.More on Fanhua
