HK Stock Market Move | CHINA RE (01508) surged more than 6% in early trading, with the expected annual net profit attributable to the parent company increasing by approximately 80% to 100% year on year.

CHINA RE (01508) rose more than 6% in the morning session, rising by 6.45% to HKD 0.99 as of press time, with a turnover of HKD 109.01 million. On the news front, on February 21, CHINA RE announced that the net profit attributable to shareholders of the parent company in 2024 is expected to increase by about 80% to 100% compared to the same period in 2023. The announcement stated that the main reasons for the increase in the annual performance in 2024 are: we adhere to the management philosophy of "developing scale, underwriting for efficiency, and investing for stability", exerting efforts in underwriting and investment, achieving continuous improvement in underwriting performance, and a year-on-year increase in investment income. On the same day, CHINA RE announced that the total original premium income obtained by the company through its operating subsidiary, China Continent Property & Casualty Insurance Co., Ltd., in January 2025 was approximately RMB 6.628 billion, an increase of 10.34% compared to the same period.