PICC P&C (02328) announced that, based on preliminary estimates, the company's net profit for the first three quarters of 2025 (from January 1 to September 30, 2025) is expected to increase by approximately 40% to 60% compared to the same period in 2024. The overall economic performance in China is steadily improving, and the company is committed to advancing its work with a focus on providing services for Chinese-style modernization. The company is dedicated to enhancing the "Five Major Areas" of finance, deeply implementing structural reforms on the insurance supply side, fulfilling the "Five Top-Class" goals set by the China People's Insurance Group, optimizing management practices, reinforcing strategic layouts in key sectors, and driving the quality and efficiency of business development. This includes precise and efficient resource allocation and significant progress in digital transformation, continuously improving operational management capabilities and risk prevention levels, leading to a substantial year-on-year increase in underwriting profits. Furthermore, the company remains optimistic about the development prospects of the Chinese economy and capital markets. While maintaining a safe liquidity margin, the company moderately increases its allocation of high-quality equity assets with long-term value. Benefitting from the rise of the capital market in the first three quarters, the optimization of the company's allocation structure has amplified the positive effects of this market upturn, resulting in a significant year-on-year increase in total investment income.