CHINA TAIPING (00966) Announces Expected Increase in Shareholder's Net Profit in 2025 by Approximately 215% to 225% Compared to the Previous Year.

CHINA TAIPING (00966) announced that the Group's attributable net profit for the year ending on December 31, 2025 (2025 fiscal year) is expected to increase by approximately 215% to 225% compared to the same period last year (2024 fiscal year). The attributable net profit for the 2024 fiscal year was HK$8.43 billion. The Group is implementing a high-quality development strategy, adhering to stability and progress, adherence to tradition and innovation, and value-oriented principles. The insurance business continues to maintain stable and healthy development. The expected increase in attributable net profit is mainly due to improved net investment performance compared to the 2024 fiscal year, as well as a one-time impact from the new corporate income tax policy introduced by the Chinese National Taxation Department for the insurance industry in China.