China United Insurance Service, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 08:03 am EDT
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China United Insurance Service, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 29.441 million compared to USD 21.756 million a year ago. Operating income was USD 1.230 million compared to USD 588,309 a year ago. Net income was USD 539,112 compared to USD 478,101 a year ago. Basic earnings per share from continuing operations was USD 0.018 compared to USD 0.016 a year ago. For the half year, sales was USD 57.964 million compared to USD 41.183 million a year ago. Operating income was USD 2.205 million compared to USD 4.527 million a year ago. Net income was USD 2,510 compared to USD 2.485 million a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.082 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. 
