HK Stock Market Move | New China Life Insurance (01336) continues to rise nearly 5%, with increasing investment returns driving a continued high growth in net profit.
Xinhua Insurance (01336) continued to rise nearly 5%, as of press time, up 4.89% to 50.6 Hong Kong dollars, with a turnover of 9.38 billion Hong Kong dollars.
New China Life Insurance (01336) continues to rise by nearly 5%, as of the time of writing, it has increased by 4.89% to 50.6 Hong Kong dollars, with a turnover of 9.38 billion Hong Kong dollars.
On the news front, New China Life Insurance recently announced that it expects its net profit attributable to shareholders for the first three quarters of 2025 to be between 29.986 billion yuan and 34.122 billion yuan, an increase of 45% to 65% year-on-year. Sinolink pointed out that the company's expected profit for Q3 is between 15.187 billion and 19.323 billion yuan, an increase of 5.59 to 9.726 billion yuan year-on-year, a year-on-year increase of 58.2% to 101.3%, the main reason for the high growth is that the company's equity positions are high and there are more growth style configurations. Looking ahead to the whole year, with a good foundation laid in the first half of 2025, it is expected that the full-year NBV on the same basis can still achieve growth of over 50%, and with expectations of a positive equity market, the full-year profit growth rate is expected to be over 40%.
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