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China United Insurance Service Inc   (CUII)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial
 
Price: $0.0001 $-1.05 -99.990%
Day's High: $0.0001 Week Perf: -99.99 %
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 1.54
Volume (M$): $ 0 52 Wk Avg: $0.94
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) 0
 Shares Outstanding (Millions) 30
 Employees 2,239
 Revenues (TTM) (Millions $) 135
 Net Income (TTM) (Millions $) 16
 Cash Flow (TTM) (Millions $) 3
 Capital Exp. (TTM) (Millions $) 1

China United Insurance Service Inc

China United Insurance Service, Inc. is a Delaware corporation organized on June 4, 2010 by Yi Hsiao Mao, a Taiwanese citizen, and is quoted on the Over the Counter Bulletin Board (“OTCBB”). The Company’s operating companies are in Taiwan and China. Unless context indicates otherwise, reference to the “Company” throughout this annual report refers to China United and its subsidiaries. Reference to Action Holdings Financial Limited (“AHFL”), refers to the combined operations of AHFL and its Taiwan Subsidiaries. Reference to Anhou refers to the combined operations of Anhou and its subsidiaries.

ZLI Holdings Limited (“CU Hong Kong”), a wholly owned Hong Kong-based subsidiary of China United, was originally founded by China United, on July 12, 2010 under Hong Kong laws. On October 20, 2010, CU Hong Kong founded a wholly foreign owned enterprise, Zhengzhou Zhonglian Hengfu Consulting Co., Ltd. (“CU WFOE”) in Henan province of the PRC.

Law Anhou Insurance Agency Co., Ltd. (“Anhou”, formerly known as Zhengzhou Anhou Insurance Agency Co., Ltd.) was founded in Henan province of the PRC on October 9, 2003. Anhou provides insurance agency services in the PRC. On November 26, 2013, Anhou changed its name into Law Anhou Insurance Agency Co., Ltd. and obtained its new business license. On December 18, 2013, Anhou obtained its new Professional Insurance Agency License from local bureau of China Insurance Regulatory Commission (“CIRC”) which reflects its new name.

On September 26, 2013, several new PRC individual investors, namely Yanyan Wang, Zhaohui Chen, Jing Yue, Weizhe Hou, Yong Zhang, Li Chen (“Anhou New Investors”) and the original shareholders of Anhou, namely, Shuqin Zhu, Qun Wei, Qunlei Fang and Yanxia Chen (“Anhou Original Shareholders”) entered into a shareholders resolution of Anhou, pursuant to which, Anhou Original Shareholders and Anhou New Investors agreed to increase the registered capital of Anhou to RMB50 million ($8,165,895), among which, Yanyan Wang would invest RMB10 million ($1,633,179), accounting for 20%, Zhaohui Chen would invest RMB10 million ($1,633,179), accounting for 20%, Jing Yue would invest RMB7.5 million ($1,224,871), accounting for 15%, Weizhe Hou would invest RMB5 million ($816,589), accounting for 10%, Yong Zhang would invest RMB4.5 million ($734,930), accounting for 9%, and Li Chen would invest RMB3 million ($489,949), accounting for 6%, of the registered capital of Anhou.

Due to PRC legal restrictions on foreign ownership and investment in the insurance agency businesses in China, particularly those based on qualifications as well as capital requirements of the investors, Able Capital Holding Co., Ltd., a limited liability company established and registered in Hong Kong, delegated four PRC individuals, namely Yanyan Wang, Zhaohui Chen, Weizhe Hou and Yong Zhang, to invest in Anhou on its behalf.

On October 24, 2013, Anhou completed the registration with local Administration Industry and Commerce (“AIC”) on the above-mentioned capital increase. The new business license was issued to Anhou on October 25, 2013.

The registered capital increase of Anhou was in response to the promulgations of certain regulations by China Insurance Regulatory Commission (“CIRC”). On April 27, 2013, CIRC issued the Decision on Revising the Provisions of the Supervision and Administration of Specialized Insurance Agencies (the “Decision on Revising the Agency Provisions”), pursuant to which, CIRC has mandated any insurance agency established subsequent to the Decision on Revising the Agency Provisions to meet a minimum registered capital requirement of RMB50 million ($8,165,890). On May 16, 2013, CIRC issued Notice for Further Clarification on Related Issues of Access to Professional Insurance Intermediary Market (the “Notice”), pursuant to which, professional insurance agencies established prior to the issuance of the Decision on Revising the Agency Provisions, with registered capital less than RMB50 million ($8,165,890), can continue operation of their existing business within the provinces where they have the registered office or branch office, but shall not set up any new branches in any province where they do not have the registered office or any branch office.

Law Broker and Anhou market and sell to customers two broad categories of insurance products: life insurance products and property and casualty insurance products, both focused on meeting the particular insurance needs of individuals. The insurance products that Law Broker and Anhou sell are underwritten by some of the leading insurance companies in Taiwan and China, respectively.

Through Anhou’s wholly-owned insurance brokerage firm Jiangsu Law, it also closely interacts with insurance companies and actively locates and introduces the right customers in Anhou’s database matching the insurance products offered by such insurance companies to them.



   Company Address: 7F, No. 311 Section 3 Taipei City 105405
   Company Phone Number: 87126958   Stock Exchange / Ticker: CUII
   CUII is expected to report next financial results on March 29, 2024.


Customers Net Income grew by CUII's Customers Net Profit Margin grew to

61.54 %

20.77 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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China United Insurance Service Inc

Revenue Surges in Q1 2023, but Profitability Takes a Hit

China United Insurance Service Inc: A closer look at their financial report
China United Insurance Service Inc, a leading insurance brokerage company in China, recently released its financial report for the first quarter of 2023. The report showed that the company experienced a 9.07% increase in revenue, reaching $33.79 million, compared to the same period in the previous year of $30.98 million. However, there was a considerable drop in income per share, which fell by 37.23% to $0.06 from $0.09 in the first quarter of the previous year.
Looking deeper into the financial report, the company's net profits in the first quarter of 2023 fell by 23.56% to $3.581 million compared to the same period in the previous year. The company's net margin also decreased to 10.6%, reflecting the company's shift towards improving sales and addressing financial challenges.






 

China United Insurance Service Inc's Segments
 
 
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