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PICC Property & Casualty Co
(OTC:2328)
PICC Property & Casualty Co (2328) vs. S&P 500 (SPY)
PICC Property & Casualty Co Business Overview & Revenue Model
PICC Property & Casualty Co Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 481.44B | 440.22B | 454.15B | 417.89B | 411.07B | Gross Profit |
| 481.44B | 440.22B | 441.36B | 417.89B | 411.07B | EBIT |
| 38.02B | 474.12B | 26.21B | 26.03B | 25.04B | EBITDA |
| 43.01B | 31.38B | 4.77B | 29.52B | 28.58B | Net Income Common Stockholders |
| 32.17B | 24.59B | 29.16B | 22.36B | 20.87B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 8.56B | 192.42B | 165.01B | 13.31B | 14.17B | Total Assets |
| 778.24B | 703.62B | 670.35B | 682.62B | 646.80B | Total Debt |
| 21.73B | 9.68B | 9.92B | 9.84B | 24.96B | Net Debt |
| 13.18B | -2.60B | -796.39M | -3.46B | 10.79B | Total Liabilities |
| 517.62B | 469.32B | 453.09B | 476.97B | 456.77B | Stockholders Equity |
| 257.92B | 231.42B | 217.26B | 202.89B | 187.51B |
| Cash Flow | Free Cash Flow | |||
| 33.28B | 17.81B | 37.15B | 13.92B | 3.03B | Operating Cash Flow |
| 36.46B | 20.54B | 42.71B | 16.34B | 12.81B | Investing Cash Flow |
| -27.55B | -11.13B | -32.19B | -8.16B | -29.39B | Financing Cash Flow |
| -6.05B | -14.22B | -7.00B | -16.84B | 10.41B |
PICC Property & Casualty Co Technical Analysis
PICC Property & Casualty Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $327.41B | 9.39 | 13.15% | 5.30% | 3.52% | 26.44% | |
75 Outperform | HK$139.47B | 8.59 | 26.08% | 5.03% | -43.77% | ― | |
75 Outperform | $931.59B | 3.53 | 22.83% | 4.58% | 5.96% | 124.20% | |
72 Outperform | $928.26B | 6.69 | 5.49% | 11.71% | 37.04% | ||
71 Outperform | $39.39B | 5.30 | 9.88% | 2.56% | 17.76% | 38.31% | |
70 Outperform | $295.63B | 4.63 | 16.47% | 3.93% | 11.99% | 54.60% | |
64 Neutral | $12.60B | 9.73 | 7.92% | 16985.68% | 12.21% | -5.61% |
PICC Property & Casualty Co Corporate Events
PICC Property & Casualty Co. announced its unaudited financial results for the first quarter of 2025, highlighting a significant year-on-year increase in both insurance revenue and net profit. The company achieved an insurance revenue of RMB 120,741 million and a net profit of RMB 11,312 million, representing increases of 6.1% and 92.7% respectively. The company optimized its business structure, improved its insurance service capacity, and capitalized on the recovery of China’s economy. It also reported a substantial increase in underwriting profit and total investment income, reflecting its strategic focus on high-quality development and long-term investment.
PICC Property & Casualty Co has entered into a one-year Auto Spare Parts Procurement Contract with Bangbang Auto Sales & Services, effective from April 17, 2025, to April 16, 2026. This contract involves the purchase of spare parts for repairing insured vehicles damaged in accidents, with Bangbang Auto responsible for delivery, installation, and additional services such as warranty and training. The transaction is classified as a continuing connected transaction under the Listing Rules, with a payment cap of RMB 250 million for 2025 and RMB 50 million for early 2026. This strategic partnership aims to streamline operations and ensure fair pricing by evaluating multiple e-commerce platforms, potentially enhancing the company’s efficiency in claims processing.
PICC Property & Casualty Co. announced that its Board of Directors will meet on April 29, 2025, to review and approve the unaudited first quarterly results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial performance for the first quarter, potentially impacting its market position and stakeholder interests.
PICC Property & Casualty Co., Ltd. announced an estimated net profit increase of approximately 80% to 100% for the first quarter of 2025 compared to the same period in 2024. This significant profit growth is attributed to the company’s strategic focus on strengthening business operations, optimizing expense inputs, and increasing high-quality equity asset allocations amidst China’s economic recovery. The company remains optimistic about China’s economic prospects and aims to support the stability of the capital market.
PICC Property & Casualty Co. announced a final cash dividend of RMB 0.332 per share for the financial year ending December 31, 2024. This announcement reflects the company’s financial performance and commitment to returning value to shareholders, although specific details regarding the payment date and other logistics are yet to be announced.
PICC Property & Casualty Co announced its audited results for the year ending December 31, 2024, fulfilling the Hong Kong Stock Exchange’s listing requirements. This announcement provides stakeholders with a comprehensive view of the company’s financial performance, potentially impacting its market positioning and investor confidence.
PICC Property & Casualty Co has announced the full redemption of its 10-year capital supplementary bonds, initially issued in March 2020 for RMB8 billion in the national inter-bank bond market. This strategic financial move reflects the company’s effective management of its financial obligations and could potentially enhance its financial stability and market confidence.
PICC Property & Casualty Company Limited announced that it will publish its 2024 annual results on March 27, 2025, on the Hong Kong Stock Exchange website. The company will also host a joint presentation with its controlling shareholder, The People’s Insurance Company (Group) of China Limited, through an onsite meeting and webcast on March 28, 2025. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market positioning.
PICC Property & Casualty Co., Ltd. has announced that its Board of Directors will meet on March 27, 2025, to approve the annual results for the year ended December 31, 2024, and to consider the payment of a final dividend. This meeting is significant as it will determine the company’s financial performance and potential returns for stakeholders.