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China Pacific Insurance (Group) Co
(OTC:2601)
China Pacific Insurance (Group) Co (2601) vs. iShares MSCI Hong Kong ETF (EWH)
China Pacific Insurance (Group) Co Business Overview & Revenue Model
China Pacific Insurance (Group) Co Earnings Call Summary
China Pacific Insurance (Group) Co Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 364.37B | 311.48B | 324.31B | 454.95B | 439.83B | 421.67B | Gross Profit |
| 364.99B | 311.48B | 324.31B | 454.95B | 439.83B | 421.67B | EBIT |
| 36.15B | 55.56B | 32.06B | 24.55B | 25.53B | 25.43B | EBITDA |
| 13.45B | 0.00 | -3.36B | 28.78B | 29.67B | 29.44B | Net Income Common Stockholders |
| 42.83B | 44.96B | 27.26B | 24.61B | 26.83B | 24.58B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 47.02B | 29.36B | 30.93B | 748.22B | 677.93B | 617.04B | Total Assets |
| 2.92T | 2.83T | 2.34T | 2.18T | 1.95T | 1.77T | Total Debt |
| 12.79B | 13.01B | 13.38B | 12.72B | 13.10B | 13.42B | Net Debt |
| -34.23B | -16.35B | -18.07B | -20.42B | -19.45B | -7.46B | Total Liabilities |
| 2.63T | 2.52T | 2.08T | 1.94T | 1.71T | 1.55T | Stockholders Equity |
| 263.61B | 291.42B | 249.59B | 228.45B | 226.74B | 215.22B |
| Cash Flow | Free Cash Flow | ||||
| 126.08B | 150.53B | 133.88B | 138.81B | 104.72B | 104.44B | Operating Cash Flow |
| 40.04B | 154.40B | 137.86B | 147.91B | 108.41B | 108.06B | Investing Cash Flow |
| -276.36B | -209.90B | -161.36B | -168.98B | -66.09B | -136.07B | Financing Cash Flow |
| 114.34B | 61.34B | 3.29B | 28.48B | -31.37B | 21.45B |
China Pacific Insurance (Group) Co Technical Analysis
China Pacific Insurance (Group) Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $330.53B | 9.81 | 13.15% | 4.94% | 3.52% | 26.44% | |
75 Outperform | HK$159.83B | 3.94 | 26.08% | 4.23% | -43.77% | ― | |
75 Outperform | $1.03T | 4.08 | 22.83% | 4.16% | 5.96% | 124.20% | |
72 Outperform | $973.11B | 6.59 | 6.11% | 11.71% | 37.04% | ||
70 Outperform | HK$336.39B | 5.46 | 16.47% | 3.93% | 11.99% | 54.60% | |
64 Neutral | $12.77B | 9.77 | 7.59% | 16985.66% | 12.30% | -7.71% | |
21 Underperform | HK$30.61M | ― | ― | -6.02% | -84.62% |
China Pacific Insurance (Group) Co Corporate Events
China Pacific Insurance (Group) Co., Ltd. announced its participation in the collective presentation of the 2024 annual results for state-owned listed companies in Shanghai. This initiative aims to enhance investor understanding of the company’s operations and future strategies. Although the Chairman and President will not attend due to other commitments, senior management will represent the company. The presentation will be accessible online, allowing investors to engage and have their questions addressed.
China Railway Construction Corporation Limited announced the results of its 2025 first extraordinary general meeting, where shareholders voted on various resolutions. The meeting included both on-site and internet voting, with a significant portion of the company’s shares represented. Key resolutions included the re-election of Mr. DAI Hegen as an executive director and Mr. GAO Lieyang as a non-executive director, both receiving overwhelming support.
China Pacific Insurance (Group) Co., Ltd. has entered into a new Framework Agreement with Hwabao Trust, Hwabao Fund, and Hwabao Securities to renew and regulate continuing connected transactions. This agreement, effective from January 1, 2025, to December 31, 2025, with provisions for automatic renewal, involves transactions such as bond sales, securities investment fund dealings, and asset management services. The agreement aims to streamline operations with Hwabao Parties, who are connected persons due to substantial shareholding by Baowu Steel, which controls significant equity interests in these entities. The transactions under this agreement are subject to specific reporting and review requirements but are exempt from independent shareholder approval, indicating a strategic alignment to enhance operational efficiency and maintain compliance with Hong Kong Listing Rules.
China Pacific Insurance (Group) Co., Ltd. announced the composition of its board of directors and the roles of its members. The company has established five board committees, each with designated members and chairpersons, to oversee various aspects of its operations, including audit, strategic investment, risk management, and technological innovation. This structured governance is likely to enhance the company’s operational efficiency and strategic decision-making, potentially impacting its market positioning and stakeholder relations positively.
China Pacific Insurance (Group) Co., Ltd. has announced the approval of Ms. CHEN Xin’s appointment as an Independent Non-executive Director by the National Financial Regulatory Administration, effective from 24 April 2025. This follows the resignation of Ms. LIU Xiaodan, which has led to a temporary non-compliance with listing rules regarding committee chairmanships, prompting the company to plan a board meeting to address these requirements.
China Pacific Insurance (Group) Co., Ltd. has released an overseas regulatory announcement in compliance with the Hong Kong Stock Exchange’s listing rules. The announcement, which includes a summary of the quarterly solvency report for Pacific Anxin Agricultural Insurance Co., Ltd., is intended for informational purposes. This release may impact the company’s regulatory compliance and transparency, potentially influencing stakeholder confidence.
China Pacific Insurance (Group) Co., Ltd. has released an overseas regulatory announcement in compliance with the Hong Kong Stock Exchange’s listing rules. The announcement includes a summary of the company’s quarterly solvency report for the first quarter of 2025, which is crucial for stakeholders to assess the company’s financial health and regulatory compliance.
China Pacific Insurance (Group) Co., Ltd. has released its quarterly solvency report for the first quarter of 2025. This announcement, made in compliance with Hong Kong Stock Exchange regulations, provides stakeholders with important insights into the company’s financial health and regulatory compliance, potentially impacting its market positioning and investor confidence.
China Pacific Insurance (Group) Co., Ltd. has released an overseas regulatory announcement in compliance with the Hong Kong Stock Exchange’s listing rules. The announcement includes a summary of the quarterly solvency report for Pacific Health Insurance Co., Ltd. for the first quarter of 2025, indicating the company’s ongoing commitment to transparency and regulatory compliance. This announcement may impact stakeholders by providing insights into the company’s financial health and operational stability.
China Pacific Insurance (Group) Co., Ltd. released its unaudited financial results for the first quarter of 2025, showing a decrease in operating income and net profit compared to the same period in 2024. Despite a 1.8% drop in operating income and an 18.1% decline in net profit, the company reported a significant increase of 29.4% in net cash flows from operating activities. The report highlights a 2.9% growth in total assets, although equity saw a decline of 9.5%. These results may impact the company’s market positioning and stakeholder confidence.
China Pacific Insurance (Group) Co., Ltd. has announced a board meeting scheduled for April 25, 2025, to review and approve the company’s first quarterly results for the period ending March 31, 2025. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the year.
China Pacific Insurance (Group) Co., Ltd. announced a significant increase in its premium income for the first quarter of 2025. The life insurance subsidiary reported a 9.3% year-on-year growth, reaching RMB100.215 billion, while the property insurance subsidiary saw a 1.0% increase, totaling RMB63.108 billion. These unaudited figures reflect the company’s robust performance and potential positive impact on its market positioning and stakeholder confidence.
China Pacific Insurance (Group) Co., Ltd. announced its participation in the establishment of the Shanghai Sci-Tech Innovation Fund III by contributing RMB800 million as a limited partner. This move, involving several partners including Shanghai Sci-Tech Innovation and International Group, constitutes a connected transaction under Hong Kong Listing Rules, highlighting the company’s strategic investment in innovation and technology sectors, potentially enhancing its industry positioning and stakeholder value.
China Pacific Insurance (Group) Co., Ltd. announced the resignation of Mr. Cai Qiang, John from his role as a non-executive director and member of the Strategic and Investment Decision-Making & ESG Committee, effective April 6, 2025, due to a change in work arrangements. Mr. Cai confirmed no disagreements with the board, and his departure does not require any further action from shareholders or creditors.
China Pacific Insurance (Group) Co., Ltd. has announced the composition of its board of directors, detailing the roles and functions of each member. The board includes executive, non-executive, and independent non-executive directors, with five established committees focusing on various strategic areas such as audit, investment, risk management, and technological innovation. This announcement underscores the company’s commitment to robust governance and strategic oversight, which is crucial for maintaining its competitive edge and meeting stakeholder expectations.
China Pacific Insurance (Group) Co., Ltd. has released an overseas regulatory announcement in accordance with the Hong Kong Stock Exchange’s listing rules. This announcement includes excerpts from the quarterly solvency report for Pacific Health Insurance Co., Ltd. for the fourth quarter of 2024, providing stakeholders with insights into the company’s financial health and regulatory compliance.
China Pacific Insurance (Group) Co., Ltd. has released an overseas regulatory announcement in compliance with the Hong Kong Stock Exchange’s listing rules. The announcement includes a summary of the quarterly solvency report for Pacific Anxin Agricultural Insurance Co., Ltd. for the fourth quarter of 2024, providing insights into the company’s financial stability and regulatory compliance.
China Pacific Insurance (Group) Co., Ltd. has released an overseas regulatory announcement in compliance with the listing rules of the Hong Kong Stock Exchange. The announcement, which includes excerpts from the company’s 2024 solvency report, is intended for informational purposes. This release may have implications for the company’s regulatory compliance and transparency, potentially affecting its stakeholders and market positioning.
China Pacific Insurance (Group) Co., Ltd. has released an overseas regulatory announcement in compliance with the Hong Kong Stock Exchange’s listing rules. The announcement, which includes excerpts from the company’s quarterly solvency report for the fourth quarter of 2024, is intended for informational purposes and does not contain forward-looking statements. This release is part of the company’s ongoing efforts to maintain transparency and regulatory compliance, which could positively influence its market position and stakeholder confidence.
China Pacific Insurance (Group) Co., Ltd. has released an overseas regulatory announcement in accordance with Hong Kong Stock Exchange rules. The announcement includes a summary of the company’s quarterly solvency report for the fourth quarter of 2024, which is significant for stakeholders as it provides insights into the company’s financial health and regulatory compliance.
China Pacific Insurance (Group) Co., Ltd. announced its audited annual results for 2024, highlighting a significant year-on-year growth in operating income and net profit. The company achieved a 24.7% increase in operating income, reaching RMB404.089 billion, and a 64.9% rise in net profit to RMB44.960 billion. The group’s focus on strategic growth and transformation has led to improvements in business quality and policy persistency, with notable gains in its life insurance segment. Additionally, the company has enhanced its ESG rating and achieved top ratings for information disclosure, reflecting its commitment to sustainable and transparent operations.
China Pacific Insurance (Group) Co., Ltd. has announced a final dividend of RMB 1.08 per share for the financial year ending December 31, 2024. The payment date for the dividend is set for July 18, 2025, with specific details regarding the ex-dividend date and record date yet to be announced. The announcement includes information on withholding tax rates applicable to different categories of shareholders, highlighting the company’s commitment to transparency and regulatory compliance. This dividend declaration reflects the company’s stable financial performance and its dedication to providing returns to its shareholders.
China Pacific Insurance (Group) Co., Ltd. has released its 2024 annual results announcement as part of its overseas regulatory obligations. This announcement is made in accordance with the rules governing the listing of securities on the Hong Kong Stock Exchange, reflecting the company’s compliance with international regulatory standards. The publication of these results is crucial for stakeholders, as it provides insights into the company’s financial performance and strategic positioning in the insurance industry.
China Pacific Insurance (Group) Co., Ltd. announced the resignation of Mr. Gu Yue as the chairman of its subsidiary, China Pacific Property Insurance Co., Ltd., due to age reasons. During his tenure, Mr. Gu led significant transformations and reforms, contributing to the company’s sustainable development. The company is in the process of electing a new chairman to continue its strategic direction.
China Pacific Insurance (Group) Co., Ltd. announced a leadership change at its subsidiary, China Pacific Property Insurance Co., Ltd. (CPIC P/C), with Mr. YU Bin elected as the new chairman, replacing Mr. GU Yue due to age reasons. Mr. YU’s appointment is pending regulatory approval, and he brings extensive experience within the company, having held various senior roles. This change in leadership is expected to influence the strategic direction of CPIC P/C, potentially impacting its market operations and stakeholder relationships.
China Pacific Insurance (Group) Co., Ltd. has announced that it will disclose its 2024 annual results on March 26, 2025, via the Hong Kong Stock Exchange website. To facilitate a deeper understanding of these results, the company will hold a presentation on March 27, 2025, featuring key executives and directors who will address investor queries. This initiative reflects the company’s commitment to transparency and investor engagement, potentially enhancing its market positioning and stakeholder relations.
China Pacific Insurance (Group) Co., Ltd. announced that its subsidiary, China Pacific Life Insurance Co., Ltd., achieved a primary premium income of RMB69.006 billion between January and February 2025, marking a 9.1% year-on-year increase. Additionally, China Pacific Property Insurance Co., Ltd., another subsidiary, reported a primary premium income of RMB39.718 billion, a 1.9% increase from the previous year. These figures, although unaudited, indicate a positive growth trajectory for the company, potentially strengthening its position in the competitive insurance market.
China Pacific Insurance (Group) Co., Ltd. has announced a board meeting scheduled for March 26, 2025, to review and approve the company’s final results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend and address other business matters, which could impact the company’s financial strategies and shareholder returns.
China Pacific Insurance (Group) Co., Ltd. announced that its subsidiary, China Pacific Life Insurance Co., Ltd., reported an unaudited primary premium income of RMB49.575 billion for January 2025, marking a 10.3% increase from the previous year. Additionally, its property insurance subsidiary reported an income of RMB26.696 billion, a 5.1% increase year-on-year. This growth indicates a strong start to the year, highlighting the company’s robust market positioning and potential positive impacts for stakeholders.