On June 24, PICC Group fell 3.37% in regular trading, trading at 4.91 HKD/share, with turnover of approximately 59.62 million HKD.

On the news front, the company has reported two consecutive quarters of earnings deterioration. In Q4 last year, net profit attributable to shareholders recorded a loss of 180 million yuan, while Q1 net profit declined 31.4% year-over-year, primarily dragged down by investment-side losses amid capital market volatility. Additionally, Morgan Stanley and Citi recently lowered their H-share target prices, both citing life insurance business performance falling short of expectations.

The H-share has accumulated a decline of approximately 23.6% year-to-date, with the A-share previously dropping 5% in a single session as the broader A-share insurance sector sold off heavily. That selling pressure has continued to spill over into Hong Kong trading this week. Within the Property and Casualty Insurance sector, PICC P&C declined 1.41%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)