CNinsure (CISG) Reports Q1 EPS of RMB0.34

CNinsure (NASDAQ: CISG) reported Q1 EPS of RMB0.34, versus RMB0.57 reported last year. Revenue for the quarter came in at RMB907.9 million, versus RMB579.5 million reported last year.

Highlights:

• CNpad Mobile Application ("CNpad App") - Our mobile workstation of proprietary sales support system:
  • CNpad App was downloaded and activated 121,730 times as of March 31, 2016, as compared to 109,784 times as of December 31, 2015 and 63,611 times as of March 31, 2015;
  • The number of active users3 of CNpad App was 27,905 in the first quarter of 2016, as compared to 36,679 in the fourth quarter of 2015 and 20,512 in the first quarter of 2015;
  • Insurance premiums generated through CNpad App were approximately RMB800.1 million (US$124.1 million) in the first quarter of 2016, as compared to RMB989.2 million in the fourth quarter of 2015 and RMB527.2 million in the first quarter of 2015. Total insurance premiums generated through CNpad App accounted for 25.9% of our total insurance premiums in the first quarter of 2016 as compared to 34.0% in the fourth quarter of 2015 and 25.0% in the first quarter of 2015.
• eHuzhu - Our online non-profit mutual aid platform:
  • The number of registered members was 765,238 as of March 31, 2016, as compared to 678,547 as of December 31, 2015 and 291,716 as of March 31, 2015.
• Baoxian.com - Our online insurance platform:
  • The number of active customer accounts4 was 27,769 in the first quarter of 2016, as compared to 42,512 in the fourth quarter of 2015 and 6,512 in the first quarter of 2015;
  • Insurance premiums generated on or through Baoxian.com was RMB12.0 million in the first quarter of 2016, as compared to RMB10.4 million in the fourth quarter of 2015 and RMB5.7 million in the first quarter of 2015;

For earnings history and earnings-related data on CNinsure (CISG) click here.

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