Tian Ruixiang Hldgs Ltd Stock Price, News & Analysis

TIAN RUIXIANG Holdings Ltd (TIRX) announced a total premium generation of RMB3.3 million (approximately US$0.5 million) from its new school campus liability insurance offerings. This insurance aims to protect students and schools while ensuring smooth school operations. Since entering the education sector in August 2021 via a partnership with People's Insurance Company of China, TIRX has successfully serviced 38 education institutions. The company expects continued growth and expansion in this sector across China.

TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) received the Insurance Customer Experience Award at the 4th China Insurance Analytics and AI Innovation Summit 2021 in Shanghai on August 17-18. This accolade highlights the Company's commitment to customer service excellence, underpinned by its ongoing innovation efforts. The summit attracted over 300 participants, including leading executives from major insurance firms like China Life Insurance and Ping An Life. TIRX aims to enhance customer satisfaction and market coverage while creating long-term value for shareholders.

TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) announced a strategic partnership with Beijing Puyuan Technology Co., Ltd. on August 2, 2021. The agreement focuses on developing intelligent sales and customer service systems, leveraging TIRX's insurance management platform and BPTC's AI services. The collaboration aims to enhance customer satisfaction, maximize profitability, and improve operational efficiency amidst the digital transformation in the insurance sector. The companies may establish additional service contracts to detail specific terms.

Tian Ruixiang Holdings Ltd (Nasdaq: TIRX) reported a 131.3% revenue increase to $1.64 million for the first half of fiscal year 2021, driven by enhanced marketing in China. However, net loss rose 71.4% to $0.40 million due to higher professional fees linked to its IPO. Operating expenses surged 95.5% to $2.10 million, leading to an operating margin improvement to (28.4)% from (52.0)% year-on-year. The company holds cash and cash equivalents of $18.16 million. Management aims for sustainable growth by focusing on customer needs and operational efficiency.

TIAN RUIXIANG Holdings Ltd (TIRX) announced plans to enter the healthcare management industry in China. The Company aims to collaborate with various sectors, including governments and pharmaceutical companies, to cater to high-net-worth families and address the needs of the aging population. Chairman Zhe Wang emphasized that this move aligns with favorable government policies and increasing healthcare demands, particularly in anti-cancer and elderly care management. This strategy is expected to provide long-term value to shareholders amidst a growing market.

TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) announced a strategic cooperation agreement with the Anqing Road Transport Administrative Center on June 15, 2021. This partnership aims to provide risk management services to enhance safety and operational efficiency in Anqing city, which has around 824,000 vehicles and 1.24 million drivers. Zhe Wang, CEO of TIRX, emphasized the mutual benefits of this collaboration, stating a commitment to seek further opportunities with government entities for customized solutions in risk management.

Tian Ruixiang Holdings Ltd (Nasdaq: TIRX) announced the initial closing of a follow-on public offering, raising US$15 million from the sale of 2,000,000 units at US$7.50 per unit. Each unit includes one Class A ordinary share and one warrant priced at US$8.00. The company plans to offer up to a total of 4,800,000 units before the offering's termination on July 17, 2021. Proceeds will be utilized for developing an information data platform, customer service systems, and R&D.

TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) has announced a follow-on public offering of up to 4.8 million units priced at US$7.50 each. Each unit includes one Class A ordinary share and one warrant to purchase a Class A ordinary share at US$8.00. The offering, expected to close around June 7, 2021, is projected to generate gross proceeds of US$15 million initially, with a potential total of US$36 million. Proceeds will fund an information data platform, customer service system, and product R&D.

TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) announced its collaboration with Zhongkang Yiyang Health Technology Co., Ltd to launch the "Zhongkang Huimin Cancer Prevention Insurance". This specialty health insurance product will target cancer prevention and treatment for residents in Mainland China and will be underwritten by a major Chinese insurance firm. The initiative is part of the "China Cancer Prevention Public Welfare Project" organized by the China Anti-Aging Promotion Association.