CPIC (02601) rose more than 5%, reaching a gain of 4.8% to HK$33.6 by the time of writing, with a turnover of HK$334 million. The company released its first-quarter report for 2026 last evening, posting revenue of RMB 92.547 billion, down 1.25% year-on-year, while net profit increased by 4.3% to RMB 10.041 billion. Both regular premium scale and business value showed growth. In the first quarter of 2026, CPIC Life Insurance achieved premium income of RMB 116.277 billion, with new regular premium income reaching RMB 18.929 billion, up 41.4% year-on-year. New business value amounted to RMB 6.372 billion, an increase of 9.6% compared to the same period last year. Huachuang Securities noted that in Q1 2026, the company optimized its regular premium structure and promoted value growth, while the combined ratio for property insurance continued to improve. Although the investment side faced short-term pressure due to geopolitical factors, the company still achieved steady performance growth, reflecting operational resilience. Industrial Securities indicated that while the bancassurance channel faced temporary pressure on the liability side, with more proactive bancassurance product strategies in the second quarter, the decline in new policies is expected to ease significantly, potentially leading to an improvement in new business value growth.