[Brokerage Focus] BOCOM INTL maintains Buy rating on New China Life Insurance (01336), indicating strong growth on both the asset and liability sides in the first quarter.
Jinwu Financial News | BOCOM INTL Research Reports indicate that New China Life Insurance (01336) saw a 19% year-on-year profit increase in the first quarter, performing well compared to peers, with growth mainly driven by investment income. At the end of the first quarter, the net assets attributable to the parent decreased by 17% compared to the beginning of the year, a decline that exceeds peers. The report highlights that the new business value increased by 67.9% year-on-year in the first quarter, leading the industry in growth rate. Total investment income significantly rose year-on-year, outperforming competitors. Core solvency was significantly improved due to asset reclassification. The report further indicates that both total assets and liabilities experienced strong growth in the first quarter, but attention must be paid to the decrease in net assets, indicating room for improvement in asset-liability management.
Hong Kong stocks are moving | Mainland Insurance Companies generally rise, the five listed insurance companies have released their first quarter reports, and the new regulations for universal insurance will be implemented starting tomorrow.
Mainland Insurance Companies generally rose. As of the time of writing, New China Life Insurance (01336) increased by 3.47% to 28.35 HKD; PICC P&C (02328) rose by 2.88% to 14.28 HKD; The People's Insurance (01339) went up by 2.69% to 4.58 HKD.
New China Life Insurance's Q1 Profit Rises 19%, Operating Income Jumps 26%; Shares Up 3%
Hong Kong Stock Morning Report|Two major insurance companies subscribed to the 2nd phase Fund of 20 billion yuan. The Hong Kong Stock Exchange has already contacted some companies regarding the "return of Chinese concept stocks."
① Two major insurance companies subscribed to 20 billion yuan for the Honghu Phase II Fund. ② The Hong Kong Stock Exchange has contacted some companies regarding the "return of Chinese concept stocks." ③ Li Yunzhe met with the President of the Hong Kong Monetary Authority, Eddie Yue Wai-man. ④ Tencent announced a restructuring of its mixed Yuan model research and increased investment in AI.
New China Life Insurance (601336.SH) released its first-quarter performance, with a net income of 5.882 billion yuan, a year-on-year increase of 19%.
New China Life Insurance (601336.SH) published the first quarter report for 2025, with a revenue of 334 in the first quarter...
Xinhua Insurance: Xinhua Insurance Report for the First Quarter of 2025
Xinhua Insurance Report for the First Quarter of 2025
New China Life Insurance disclosed its first quarterly report: investment income becomes a highlight again, and the second phase of the Honghu project is on standby.
Premium growth is significant.
20 billion in insurance capital "fresh water" is coming! New China Life Insurance and China Life Insurance plan to each invest 10 billion yuan to subscribe to the second phase of the Honghu Fund.
① New China Life Insurance and China Life Insurance plan to each invest 10 billion yuan to subscribe to private equity fund shares; ② over 10 billion new long-term funds are expected to enter the stock market in the near future; ③ a total of 8 insurance companies have been approved to participate in the pilot program, with a total scale reaching 162 billion yuan.
New China Life Insurance (01336.HK) plans to invest no more than 10 billion yuan to subscribe for private equity fund shares, in line with national policies promoting medium and long-term capital entering the market.
On April 29, Gelonghui reported that New China Life Insurance (01336.HK) announced, after the Board of Directors reviewed and approved on April 29, 2025, the company plans to contribute no more than 10 billion RMB (inclusive) to subscribe for shares in a private equity fund. As of the date of this announcement, the relevant parties have not yet signed a contract for the proposed subscription to the fund shares. Fund name: Guofeng Xinghua Honghu Zhiyuan Phase II Private Securities Investment Fund (tentative name, subject to final registration with the Asset Management Association of China). Fund establishment scale: 20 billion RMB, the company and China Life Insurance plan to each contribute 10 billion RMB in cash to subscribe for shares in the private equity fund.
Express News | New China Life Insurance - Fund Tentatively Named Guofeng Xinghua Honghu Zhiyuan Private Securities Investment Fund II
Express News | New China Life Insurance - Proposed to Make Capital Contribution in Amount of No More Than RMB10 Bln (Inclusive) to Subscribe for Units of Fund
In the first quarter, New China Life Insurance (01336.HK) achieved a net income of 5.882 billion yuan, a year-on-year growth of 19.0%.
Globe News reported on April 29 that New China Life Insurance (01336.HK) announced that in the first quarter of 2025, the company's revenue was 33.402 billion yuan, an increase of 26.1% year-on-year; the net income attributable to shareholders of the parent company was 5.882 billion yuan, an increase of 19.0% year-on-year; the basic weighted average EPS attributable to shareholders of the parent company was 1.89 yuan.
New China Life Insurance 1Q Rev CNY33.40B Vs. CNY26.48B >1336.HK
New China Life Insurance 1Q Net CNY5.88B Vs. Net CNY4.94B >1336.HK
Express News | New China Life Insurance - Qtrly Net Profit Attributable RMB5,882 Mln
NCI: FIRST QUARTER REPORT 2025
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New China Life Insurance Company Ltd.'s (SHSE:601336) Price Is Right But Growth Is Lacking
New China Life Insurance (01336.HK): The qualification of Secretary of the Board of Directors Liu Zhiyong has been approved.
On April 16, GrinTech announced that New China Life Insurance (01336.HK) has received approval from the financial regulatory authority for Liu Zhiyong to serve as the secretary of the Board of Directors, with Liu Zhiyong's appointment becoming effective from April 10, 2025.