Movement Alert|CHINA LIFE Rises 3.09% in Regular Trading, H1 Net Profit Forecast Surges Over 200% as Insurers Pledge Market Support

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Yesterday

On July 23, CHINA LIFE rose 3.09% in regular trading, trading at 28.64 HKD/share, with turnover of 694 million HKD.

On the news front, CHINA LIFE previously announced its H1 earnings forecast, projecting attributable net profit of approximately 128.9 billion to 137.1 billion yuan, representing a year-over-year increase of 215% to 235%, marking the first time half-year profit exceeded 100 billion yuan. The surge was primarily driven by optimized asset allocation and significant growth in equity investment returns.

Additionally, the company announced on July 20 that it remains firmly optimistic about China's economic and capital market prospects, pledging to increase allocation to quality core assets. The firm is also preparing a mid-term dividend and plans to invest 4.999 billion yuan to establish a 5-billion-yuan semiconductor industry fund. Meanwhile, the company's asset management arm reported single-day net purchases exceeding 10 billion yuan in A-share equities in recent sessions, reinforcing its commitment to market stability.

(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.)

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