Fanhua Inc. (NASDAQ:FANH) Q3 2019 Earnings Conference Call - Final Transcript

Nov 20, 2019 • 08:00 pm ET

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Fanhua Inc. (NASDAQ:FANH) Q3 2019 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by for Fanhua's Third Quarter 2019 Earnings Conference Call. [Operator Instructions] Please visit Fanhua's IR website at ir.fanhuaholdings.com under the Events & Webcasts section. [Operator Instructions]

I would now like to turn the meeting over to your host for today's conference, Ms. Oasis Qiu, Fanhua's Investor Relations Manager. Please go ahead.

Executive
Oasis Qiu

Good morning. Welcome to our third quarter 2019 earnings conference call. The earnings results were released earlier today and are available on our IR website, as well as on Newswire. Before we continue, please note that the discussion today will contain forward-looking statements made under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. The accuracy of the statements [Technical Issues] 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 outlined in our filings with the SEC including our registration [Technical Issues].

Operator
Operator

Excuse me, our speaker line has experienced some technical difficulty. Please stay on the line as we adjust the technical issue. Excuse me, speaker line is now back.

Executive
Oasis Qiu

Hello. Sorry for disruption. Our line got accidentally disconnected, so sorry for the condition. So we just talked about our risk factors just now, shall we -- I will continue with this.

As I mentioned just now, we had provided -- forward-looking statements may under safe harbor provision of the US Private Security Litigation Reform Act of 1995. The accuracy of the statements 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 outlined in our filings with the SEC, including our registration statement on Form 20-F. We do not undertake any obligation to update this forward-looking information except as required under applicable law.

Joining us today are our Chief Executive Officer, Mr. Chunlin Wang; our Chief Financial Officer, Mr. Peng and Board Secretary, Lily Lee [Phonetic]. Mr. Wang will provide a review of our financial and operational highlights in the third quarter 2019. And then he -- Mr. Ge and Mrs. Lee will take your questions after the prepared remarks.

Now I will turn the call over to Mr. Wang.

Executive
Chunlin Wang

[Foreign Speech]

Executive
Oasis Qiu

We have our Chief Financial Officer, Mr. Peng Ge and our Board Secretary Mrs. Lily Lee. We will begin today's call by giving a brief analysis about recent market developments, followed by an overview of our third quarter 2019 financial and operational results and our growth outlook in the fourth quarter 2019. There will be a Q&A session after the report.

Executive
Chunlin Wang

[Foreign Speech]

Executive
Oasis Qiu

First of all, I would like to share a bit of management's view on the industry dynamics. Amid the ongoing US-China trade war, there has been no sign of relaxation in regulatory supervision in China's financial market, industry wide transformation and adjustment persist