ZhongAn Online P & C Insurance Co., Ltd (6060) AI Stock Analysis

• Market Cap: HK$25.93B
• Dividend Yield: N/A
• Average Volume (3M): 22.22M
• Price to Earnings (P/E): 17.1
• Beta (1Y): 1.86
• Revenue Growth: -2.69%
• EPS Growth: -68.97%
• Country: HK
• Employees: 2,395
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Property & Casualty
• EPS (TTM): 0.49
• Shares Outstanding: 1,634,812,900
• 10 Day Avg. Volume: 14,719,029
• 30 Day Avg. Volume: 22,215,322
• PEG Ratio: -0.32
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 15.03
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$23.59
• Price Target Upside: 54.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: HK$16.00 ▲(4.58% Upside)

ZhongAn Online P & C Insurance Co., Ltd's stock score is primarily influenced by its solid financial performance, despite concerns over rising debt and cash flow fluctuations. The technical analysis indicates bearish momentum, which negatively impacts the score. Valuation is moderate, with a reasonable P/E ratio but no dividend yield. The lack of earnings call and corporate events data limits further insights.

Positive Factors

Business Model Strength

ZhongAn's direct-to-consumer model reduces distribution costs and enhances customer reach, supporting sustainable revenue growth.

Partnerships

Strategic partnerships expand ZhongAn's market access and distribution, bolstering its competitive position and revenue potential.

Profitability Improvement

Improved profitability reflects effective cost management and operational efficiency, contributing to long-term financial health.

Negative Factors

Rising Debt Levels

Increasing debt may strain financial flexibility and cash flow, potentially impacting ZhongAn's long-term stability.

Revenue Growth Decline

Negative revenue growth suggests challenges in market expansion or product adoption, affecting future earnings potential.

Cash Flow Fluctuations

Fluctuating cash flow can hinder investment in growth initiatives and affect financial stability, requiring careful management.

ZhongAn Online P & C Insurance Co., Ltd Business Overview & Revenue Model

Company Description

ZhongAn Online P & C Insurance Co., Ltd., an Internet-based Insurtech company, provides internet insurance and insurance information technology services in the People's Republic of China. The company operates through Insurance, Technology, Banking, and Others segments. It offers property and casualty insurance products, including accident, bond, health, liability, credit, cargo, household property, motor, and other insurance, as well as shipping return insurance. The company also provides technology development and consulting, asset management, IT consulting, medical examination, Internet hospital, biotechnology, pharmacy, technology training, Fintech, digital asset, medical, life insurance, online banking, and insurance broking services. ZhongAn Online P & C Insurance Co., Ltd. was incorporated in 2013 and is headquartered in Shanghai, China.

How the Company Makes Money

ZhongAn generates revenue primarily through the sale of insurance premiums across its various product lines. The company operates a direct-to-consumer model, utilizing its digital platform to reach a broad audience, thus reducing distribution costs compared to traditional insurance models. Key revenue streams include individual policy sales, group insurance contracts, and partnerships with e-commerce platforms and financial institutions that integrate ZhongAn's insurance products into their services. Additionally, the company earns investment income from the premiums it collects, which are invested in various financial instruments. Significant partnerships with major technology firms and online marketplaces enhance its distribution capabilities and customer reach, contributing to its overall earnings.

ZhongAn Online P & C Insurance Co., Ltd Financial Statement Overview

Summary

ZhongAn Online P & C Insurance Co., Ltd exhibits strong growth in revenue and profitability, with improving margins and positive cash flow trends. However, increasing debt levels and occasional fluctuations in operational efficiency and cash flow are areas of concern.

Income Statement

ZhongAn Online P & C Insurance Co., Ltd has shown consistent revenue growth with a notable increase from 2023 to 2024. The net profit margin improved significantly in 2024, indicating enhanced profitability. However, the company experienced fluctuations in EBIT and EBITDA margins over the years, with some negative figures in earlier periods. Overall, the income statement reflects a positive trend in revenue and profitability, but with some instability in operational efficiency.

Balance Sheet

The company maintains a stable debt-to-equity ratio and a strong equity position relative to its assets. However, the debt levels have been increasing, which could pose a risk if not managed carefully. The return on equity has shown improvement in recent years, indicating effective use of shareholder funds. The balance sheet demonstrates financial stability, but the increasing debt requires monitoring.

Cash Flow

Cash flow analysis reveals a positive trend in operating cash flow and free cash flow growth over the years. However, there was a decrease in free cash flow from 2023 to 2024. The company has managed to maintain a good operating cash flow to net income ratio, indicating efficient cash management. While there is a positive trajectory, occasional fluctuations in cash flow need attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	33.59B	33.73B	29.23B	22.64B	21.94B	18.37B
Gross Profit	33.59B	33.73B	29.23B	22.64B	21.94B	18.37B
EBITDA	0.00	1.63B	4.83B	0.00	1.40B	0.00
Net Income	1.22B	603.46M	4.08B	-1.11B	757.10M	553.79M
Balance Sheet
Total Assets	43.45B	45.28B	42.86B	54.56B	51.77B	45.67B
Cash, Cash Equivalents and Short-Term Investments	10.89B	1.47B	1.58B	15.39B	26.28B	27.47B
Total Debt	2.77B	7.12B	7.19B	7.18B	6.65B	6.79B
Total Liabilities	21.89B	24.36B	22.79B	37.53B	32.64B	28.28B
Stockholders Equity	21.56B	20.93B	20.07B	15.21B	16.75B	15.71B
Cash Flow
Free Cash Flow	1.55B	1.08B	1.92B	-1.11B	-863.71M	4.61B
Operating Cash Flow	2.20B	1.98B	2.21B	-701.91M	-602.95M	4.86B
Investing Cash Flow	-528.68M	-556.30M	-5.33B	158.04M	-5.94B	-6.27B
Financing Cash Flow	-1.87B	-1.09B	1.14B	236.03M	2.19B	7.11B

ZhongAn Online P & C Insurance Co., Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 15.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6060, the sentiment is Neutral. The current price of 15.3 is above the 20-day moving average (MA) of 15.17, below the 50-day MA of 16.11, and below the 200-day MA of 16.14, indicating a neutral trend. The MACD of -0.30 indicates Negative momentum. The RSI at 45.76 is Neutral, neither overbought nor oversold. The STOCH value of 69.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6060.

ZhongAn Online P & C Insurance Co., Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1339	78 Outperform	HK$393.06B	6.02	17.99%	3.14%	9.40%	79.93%
2328	76 Outperform	HK$377.01B	9.17	14.60%	3.70%	6.42%	66.35%
1508	71 Outperform	HK$68.39B	5.73	11.12%	3.40%	2.54%	17.80%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
1456	67 Neutral	HK$65.35B	15.56	4.95%	1.11%	365.12%	170.00%
6060	58 Neutral	HK$25.93B	17.15	6.00%	―	-2.69%	-68.97%

ZhongAn Online P & C Insurance Co., Ltd Corporate Events

ZhongAn Online P & C Insurance Co., Ltd Elects New Chairman and Committee Members

ZhongAn Online P & C Insurance Co., Ltd announced the election of Mr. Hai Yin as the chairman of the Board and the appointment of members to its special committees. Mr. Yin, who has been with the company since 2022 and has an extensive background in finance and insurance, will serve a three-year term. These appointments are expected to strengthen the company’s strategic direction and governance structure, potentially impacting its market positioning positively.

ZhongAn Online Announces Board Composition and Roles

ZhongAn Online P & C Insurance Co., Ltd. has announced the current composition of its board of directors and their respective roles within the company. This announcement provides clarity on the leadership structure and committee assignments, which is crucial for stakeholders to understand the company’s governance and strategic decision-making process.

ZhongAn Online Establishes Strategic and Investment Decision Committee

ZhongAn Online P & C Insurance Co., Ltd. has established a Strategic and Investment Decision Committee to provide professional advice on corporate development, strategic asset planning, investment strategy, and ESG management. The committee, composed of at least three directors, will meet at least annually to guide the company’s strategic and investment decisions, enhancing its governance and operational efficiency.

ZhongAn Online Updates Nomination and Remuneration Committee Terms

ZhongAn Online P & C Insurance Co., Ltd. has revised the terms of reference for its Nomination and Remuneration Management Committee. The committee is tasked with identifying and recommending candidates for director and senior management positions, overseeing board performance evaluations, and developing remuneration policies. It will consist of a majority of independent non-executive directors, ensuring compliance with listing rules and promoting transparency in remuneration procedures.

ZhongAn Online Revises Nomination and Remuneration Committee Terms

ZhongAn Online P & C Insurance Co., Ltd has revised the terms of reference for its Nomination and Remuneration Management Committee, which was initially established in July 2021. The committee is tasked with identifying and recommending candidates for directors and senior management, overseeing board performance evaluations, and developing nomination procedures. It also advises on remuneration policies and evaluates performance, ensuring transparency and compliance with applicable laws and listing standards. The committee is composed of non-executive and independent non-executive directors, with a majority being independent, and meets at least annually.

ZhongAn Online Reports RMB29,822 Million in Gross Written Premiums for 2025

ZhongAn Online P & C Insurance Co., Ltd. announced that its gross written premiums for the period from January 1, 2025, to October 31, 2025, amounted to approximately RMB29,822 million. This financial data, prepared according to Chinese accounting standards, is unaudited and has not been reviewed by the company’s audit committee, suggesting stakeholders should interpret the information with caution.

ZhongAn Online Reports Strong Solvency Ratios for Q3 2025

ZhongAn Online P & C Insurance Co., Ltd. has announced its key solvency-related indicators for the third quarter of 2025, revealing a comprehensive solvency margin ratio of 227.58% and a core solvency margin ratio of 218.96%. These figures, alongside a net profit of RMB 129,148.51 and insurance business income of RMB 1,027,443.89, indicate a robust financial position for the company, which is crucial for maintaining investor confidence and ensuring compliance with regulatory requirements.

ZhongAn Online Reports RMB26,934 Million in Gross Premiums for 2025

ZhongAn Online P & C Insurance Co., Ltd. announced that its gross written premiums for the first nine months of 2025 amounted to approximately RMB26,934 million. This financial data, prepared in accordance with Chinese accounting standards, is unaudited and stakeholders are advised to interpret it with caution.

ZhongAn Online Reports RMB23.6 Billion in Gross Written Premiums for 2025

ZhongAn Online P & C Insurance Co., Ltd. announced that its gross written premiums for the period from January 1, 2025, to August 31, 2025, amounted to approximately RMB23,625 million. This financial data, prepared according to Chinese accounting standards, is unaudited and has not been reviewed by the company’s audit committee, prompting shareholders and potential investors to exercise caution in relying on this information.