Movement Alert|PICC GROUP Rises 3.15% in Regular Trading, H1 Net Profit Surges 38.5% with Interim Dividend Up 46.7%

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Yesterday

On August 31, PICC GROUP rose 3.15% in regular trading, trading at HKD 5.57/share, with turnover of HKD 85.64 million.

On the news front, the company disclosed its interim results on August 28, reporting total revenue of RMB 355.1 billion, up 9.6% YoY, with net profit attributable to parent shareholders reaching RMB 36.7 billion, a 38.5% YoY increase. Total investment income surged 62.7% to RMB 66.3 billion, serving as the primary earnings growth driver. On the underwriting side, PICC P&C's combined ratio improved by 0.8 percentage points to 94.5%, with underwriting profit rising 19.8%.

Additionally, the board approved an interim cash dividend of RMB 0.11 per share, totaling RMB 4.865 billion, representing a 46.7% increase from the prior-year interim payout. The dividend is scheduled for distribution on November 6.

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