China United Insurance Service, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 15, 2020 at 03:29 pm EDT
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China United Insurance Service, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was USD 28.523 million compared to USD 19.426 million a year ago. Operating income was USD 974,348 compared to USD 3.939 million a year ago. Net loss was USD 536,602 compared to net income of USD 2.007 million a year ago. Basic loss per share from continuing operations was USD 0.018 compared to basic earnings per share from continuing operations of USD 0.066 a year ago.
China United Insurance Service, Inc. (China United) operates in Taiwan and China through its subsidiaries Action Holdings Financial Limited (AHFL) and ZLI Holdings Limited (CU Hong Kong), respectively. AHFL holds shares of Law Enterprise Co., Ltd. (Law Enterprise), a company based in Taiwan. Law Enterprise holds shares of Law Insurance Broker Co., Ltd. (Law Broker), Law Risk Management & Consultant Co., Ltd. (Law Management) and Law Insurance Agent Co., Ltd. CU Hong Kong owns Law Anhou Insurance Agency Co., Ltd. (Anhou), which provides insurance agency services in the People's Republic of China. Law Broker and Anhou markets and sells 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 certain insurance companies in Taiwan and China, respectively.
CHINA UNITED INSURANCE SERVICE, INC. 
