On May 20, China Life Insurance fell 3.11% in regular trading, trading at HK$28.44/share, with trading volume of HK$139 million.

On the news front, the company reported Q1 net profit attributable to shareholders of RMB 19.505 billion, representing a sharp 32.3% year-over-year decline. The deterioration was primarily driven by a high base of investment income in the year-ago period and fair value losses caused by equity market volatility, with total investment yield falling from 2.75% to 2.21%. While new business value surged 75.5% year-over-year indicating strong liability-side performance, investment-side pressure continued to weigh on overall profitability.

Notably, Ping An Asset Management increased its stake by 25.461 million shares on May 15 at approximately HK$29.79 per share, spending around HK$759 million. Within the Life and Health Insurance sector, the broader group remained under pressure, with AIA down 1.34%, Ping An down 1.30%, New China Life down 2.20%, and China Taiping down 2.06%, while China Life led sector declines.

(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.)