新三板保险中介有点难：业绩集体告负，退局者频现

Core Viewpoint - The performance of insurance intermediaries listed on the New Third Board is declining, with five companies reporting negative net profits and facing significant market pressures due to intensified competition and regulatory challenges [1][3][4]. Group 1: Financial Performance - As of August 25, five New Third Board insurance intermediaries reported their 2025 mid-year results, with overall poor performance [3]. - Among these companies, Cheng'an Da achieved the highest revenue of 311 million yuan, a year-on-year increase of 23.11%, while Runsheng Insurance reported a revenue decline of 44.97%, totaling 9.2 million yuan [3][4]. - All five companies reported negative net profits, with Cheng'an Da and Runsheng Insurance suffering losses of 2.98 million yuan and 1.38 million yuan, respectively [4]. Group 2: Market Challenges - The number of New Third Board insurance intermediaries has drastically decreased from over 30 to single digits due to regulatory pressures and market competition [4][5]. - The insurance intermediary market is facing increased competition from foreign insurance companies and internet giants, leading to a more challenging environment for smaller firms [3][5]. Group 3: Industry Transformation - The insurance intermediary sector is undergoing a transformation, with a focus on optimizing operations and adapting to stringent regulatory requirements [5]. - Experts suggest that companies should leverage technology, enhance partnerships with large insurance firms, and focus on niche markets to improve competitiveness [5].