自2015年11月19日挂牌，华凯保险的新三板之路至今已走了十年。在这十年间，华凯保险经历了一段快 速发展期。 2015年是华凯保险发展的关键年。这一年，公司不仅成功登陆新三板，还陆续在安徽、黑龙江、山东、 青岛、四川和河北等多个省份或计划单列市开设分支机构。年报数据显示，2015年华凯保险实现营业总 收入 9427.01万元，较上年增长 87.71%。 随后的几年间，华凯保险的业务保持高速增长态势。2016年，华凯保险实现营业总收入 1.48亿元，较上 年增长 57.36%；2017年，华凯保险实现营业总收入3.62亿元，较上年增长 143.99%。 转折发生在2017年。当年，华凯保险大股东杭州华盟投资合伙企业（有限合伙）连续减持，借此机会上 海灏商信息科技有限公司逐步增持。年末，华凯保险董事会通过议案补选詹詇铄为董事，而詹詇铄于 2018年6月出任董事长。 随后，华凯保险内部治理迅速失序，相继爆出关联方资金占用、虚假报销等侵害公司利益的问题。2018 年至2019年初，督导券商财通证券接连发布风险提示，内容直指公司资金占用与控制权争夺问题，期间 还上演了罢免董事、"公章遗失"等一系列戏剧性事件。 日前， ...

Group 1: Market Overview - The insurance intermediary market is experiencing a "listing boom" with several companies, including Shouhui Group, seeking to go public, while the number of institutions is decreasing, indicating a significant industry divide [1][4] - As of the end of 2024, there were 2,539 insurance intermediary institutions in China, a decrease of 27 from the end of 2023, with over 20 institutions having deregistered in 2025 [4][5] - The market for insurance intermediary equity transactions is sluggish, with many institutions facing lower transfer prices and instances of unsold shares [4][5] Group 2: Shouhui Group's Performance - Shouhui Group, a life insurance intermediary service provider, went public on May 30, 2024, but its stock price fell over 34% from its initial offering price by June 16, 2024 [1][2] - The company reported revenues of 806 million yuan in 2022, 1.634 billion yuan in 2023, and projected 1.387 billion yuan in 2024, with net profits of 131 million yuan in 2022, a loss of 356 million yuan in 2023, and a projected loss of 136 million yuan in 2024 [2] Group 3: Industry Challenges and Trends - The insurance intermediary industry is undergoing transformation due to increased regulatory scrutiny and competitive pressures, leading to a "Matthew effect" where larger firms gain market share at the expense of smaller ones [4][5][6] - The implementation of the "reporting and operation integration" policy has compressed commission margins, putting additional pressure on intermediaries that rely heavily on commission income [6][8] - Experts suggest that insurance intermediaries need to enhance their service capabilities, leverage technology, and focus on differentiated services to remain competitive in a challenging market [6][7][8] Group 4: Future Directions - Industry insiders recommend that insurance intermediaries should not solely pursue scale but instead focus on precise operations and specialized services to achieve differentiation [7][8] - The need for digital transformation is emphasized, with many listed or prospective companies highlighting their technological attributes to attract users [7][8] - Continuous improvement in long-term service capabilities, team quality, and technological investment is essential for building a competitive edge in the market [8]