In the year, New China Life Insurance made its second move to acquire shares in BEIJING ENT, as high dividend assets remain a "favorite".
① New China Life Insurance has made a stake in BEIJING ENT Listed in Hong Kong; ② Within the year, 6 insurance companies have made stakes in 13 listed companies; ③ High-dividend Assets are still the "favorites" of insurance capital.
Soochow: Asset-liability resonance drives high growth in Insurance performance, maintaining the Industry "Shareholding" rating.
The bank expects that with the recovery of the domestic economy in the future, if long-term interest rates continue to rise, the pressure on insurance companies from the new fixed income investment returns will ease somewhat.
New China Life Insurance Announces Board Composition and Governance Structure
New China Life Insurance (01336.HK): Mao Sixue's Director qualification has been approved.
Gelonghui, April 1st | New China Life Insurance (01336.HK) announced that the company recently received the National Financial Regulatory Administration's "Approval on the Qualification of Mao Sixue as a Director of New China Life Insurance Co., Ltd." (Jin Fu [2025] No. 190). The Financial Regulatory Administration has approved Mao Sixue's qualification to serve as a director of the company. Mao Sixue will serve as a non-executive director of the company, chairperson of the Investment Committee, and member of the Audit and Related Transaction Control Committee from March 26, 2025, until the term of the company's eighth Board of Directors expires. Mao Sixue will not receive any director's fees or salary from the company.
Research Reports Seizing Opportunities | Changjiang Securities: New China Life Insurance achieves high growth in new business value, with significant increase in dividends.
Changjiang Securities Research Reports indicate that New China Life Insurance (601336.SH) achieved a net income of 26.23 billion yuan in 2024, a year-on-year increase of 201.1%; new business value was 6.25 billion yuan, up by 106.8%. According to the 2024 profit distribution plan, considering the mid-term dividends already distributed, New China intends to distribute a dividend of 2.53 yuan per share to all shareholders, a substantial year-on-year increase of 197.6%, corresponding to a dividend payout ratio of 30.1%, which is ahead of the CSI Leading Industry Index. Specifically, investment income has significantly improved, with a total investment yield of 5.8%, performing well both horizontally and vertically; comprehensive investment yield is significantly improved.
【Brokerage Focus】China Securities Co.,Ltd. pointed out that the liability side of the insurance industry is expected to experience increased quantity and improved quality. Bullish on the cyclical trend of Insurance stocks.
Jinwu Financial News | China Securities Co.,Ltd. Research Reports indicate that the liability side of the insurance industry is expected to see increased volume and improved quality, with bullish prospects for insurance assets. The institution states that from the liability side, the current product competitiveness remains prominent in horizontal comparisons, coupled with the continuous emergence of channel reform results and the sustained optimization of agent productivity, new policy premiums are still expected to achieve steady growth. From the asset side, with the introduction and effective implementation of a series of policies to stabilize growth, the macroeconomic growth momentum is likely to improve. This week, the People's Bank of China monetary policy committee meeting suggested increasing the intensity of monetary policy regulation, based on domestic and international economic financial conditions and the running of the financial market.
Economic observation of the first quarter | The insurance market is experiencing a "chilly spring": sales are cooling down and dividend insurance awaits a "breakthrough".
①In the first quarter, premium income has "cooled off". On one hand, this is influenced by the "high base" from the previous hot sales of savings insurance, and on the other hand, it is related to the regulatory restrictions on the maximum predetermined interest rates and the "one document for filing" policy. ②Against the backdrop of low interest rates, participating insurance products have certain competitive advantages, but for clients to truly trust and accept them, it requires guidance from high-quality agents and the accumulation of time.
March 31 Insurance Daily丨Five major insurance companies achieved a net profit of 347.6 billion in 2024, adhering to a high dividend strategy, and the Financial Regulatory Authority announced new policies for Retirement finance!
The five major insurance companies achieved a net income of 347.6 billion in 2024. Persisting in a high dividend strategy and driven by investments, the listed insurance companies delivered an impressive performance in 2024. The five major A-share listed insurance companies combined realized a net income of 347.6 billion yuan, a year-on-year increase of 77.72%. Among them, China Life Insurance, New China Life Insurance, and China Pacific Insurance achieved historical highs in net income attributable to their parent companies. From the annual reports of each listed insurance company, it is clear that the investment sector is undoubtedly the greatest contributor to the significant increase in net income. The total investment income of the five major A-share listed insurance companies doubled year-on-year, totaling 7969.
[Brokerage Focus] BOCOM INTL maintains a Buy rating on New China Life Insurance (01336), indicating that both assets and liabilities performed excellently last year.
Jinwu Financial News | BOCOM INTL Research Reports indicate that in 2024, New China Life Insurance (01336) will achieve a year-on-year growth of 201.1% in Net income, surpassing the company's previous performance forecast Range. The company intends to distribute a final dividend of 1.99 yuan, bringing the total annual dividend to 2.53 yuan, a year-on-year increase of 197.6%, with a stable payout ratio of 30% year-on-year. The report states that the growth in premium income mainly comes from renewal premiums, with the proportion of premiums from policies paid over 10 years remaining stable. The value of new business increased by 106.8% year-on-year, exceeding the bank's expectation by 10%; the new business value rate is 14.6%, up 7.9 percentage points year-on-year.
Analysts Are Betting On New China Life Insurance Company Ltd. (SHSE:601336) With A Big Upgrade This Week
Hong Kong stocks closed (03.28) | The Hang Seng Index fell by 0.65%, with the Pharmaceutical and Golden Industrial Concept sectors rising against the trend, while the Semiconductors Sector faced pressure.
Hong Kong stocks opened higher today but fell lower, with the Hang Seng Index and the National Index both dropping more than 1% in the afternoon, and the Hang Seng Technology Index seeing a decline of over 2% at one point.
Research Reports on digging for gold丨Zheshang Securities: New China Life Insurance's performance and shareholder returns far exceed expectations, maintaining a "Buy" rating.
The Zheshang Research Reports indicate that in 2024, New China Life Insurance (601336.SH) is expected to achieve a net income of 26.229 billion yuan, significantly increasing by 201.1% year-on-year. The company's total dividend for 2024 is projected to reach 7.893 billion yuan, a substantial growth of 197.6% year-on-year, with a dividend rate of 30.1%. The company's performance and shareholder returns are all expected to exceed forecasts. Looking ahead, New China Life will completely overhaul its team development system, promoting the professional reform of agents through the "XIN Generation" plan. The team's productivity is expected to continue improving, and the bancassurance channel will continue to expand, further highlighting its value contribution. With multiple measures in place, New China Life is expected to drive growth.
New China Life Insurance (01336) rose nearly 5% after the performance report, with last year's net profit increasing by 201% year-on-year, and new business value increasing by over 100% compared to last year.
Jinwu Financial News | New China Life Insurance (01336) stock price rose sharply after the earnings announcement, up 4.92% as of the time of writing, priced at HKD 29.85, with a turnover of HKD 0.301 billion. The company recently announced its performance showing that for the fiscal year ending December 31, 2024, the Net income attributable to shareholders is 26.229 billion yuan, a year-on-year increase of 201.07%, with basic earnings per share of 8.41 yuan. A cash dividend of 1.99 yuan per share (including tax) is proposed to be distributed to all shareholders at the end of 2024. In 2024, the company achieved original insurance premium income of 170.511 billion yuan, a year-on-year increase of 2.8%, of which
Announcement Highlights | "Flash" placement! NIO plans to issue no more than 0.119 billion shares; Semiconductor Manufacturing International Corporation's revenue is expected to grow nearly 28% year-on-year in 2024.
CNOOC's net profit in 2024 exceeds 130 billion yuan; New China Life Insurance's annual profit increased approximately twofold year-on-year.
Xinhua Insurance: Xinhua Insurance 2024 Annual Report
Xinhua Insurance: Summary of the 2024 Annual Report of Xinhua Insurance
New China Life Insurance 2024 Annual Report
Summary of the New China Life Insurance 2024 Annual Report.
Hong Kong stock announcement mining | CNOOC's profit attributable to Shareholders in 2024 is 137.936 billion yuan, an increase of 11.38% year-on-year.
Postal Savings Bank Of China (01658) released its annual performance report with net interest income of 286.123 billion yuan, an increase of 1.53% year-on-year.
Last year's profits tripled, and New China Life Insurance's annual report reallocates high-dividend assets.
The allocation to high dividend OCI Assets has increased to 500%.