The Zhitong Finance App learned that Zhongan Online (06060) rose by more than 5% and rose 5.56% at press time to HK$11.78, with a turnover of HK$20.87 million.
According to the news, the company previously announced that the total amount of original insurance premium income received by the company in the first three months of 2024 was approximately RMB 7.086 billion, an increase of 18.1% over the previous year.
According to Everbright Securities, the company's 23H1/H2 profit was 2.2/3.86 billion yuan respectively, mainly benefiting from the sharp improvement in investment income, the year-on-year increase in underwriting profit, and the confirmation of one-time investment income of 3.78 billion yuan by Zhongan International after switching from a subsidiary to a joint venture. Furthermore, the four major sectors are jointly promoting the maintenance of high premiums. In 2023, the company achieved total premium revenue of 29.50 billion yuan, an increase of 24.7% over the previous year. The bank believes that in the future, as R&D investment empowers the insurance value chain, the company's profit level is expected to increase further.