Sunshine Insurance Group Co. Ltd. (HK:6963)
:6963
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Sunshine Insurance Group Co. Ltd.
(6963)
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Rating:68Neutral
Price Target:
HK$4.00
▲(1.01% Upside)
Action:DowngradedDate:03/18/26
The score is driven by solid fundamentals (improving revenue and earnings with strong cash generation) and very attractive valuation (low P/E and high dividend yield). These positives are tempered by weak technicals (price below key moving averages and negative MACD) and elevated balance-sheet risk from the sharp 2025 debt increase and lower equity.
Positive Factors
Revenue & Earnings Growth
The company shows multi-year acceleration in top-line and net income, indicating improving core underwriting and/or investment outcomes. Durable revenue and profit growth expands internal capital generation, supports reserve funding and dividends, and strengthens strategic investment capacity.
Negative Factors
Sharp 2025 Debt Increase
A large one‑year jump in debt and a decline in equity materially increase leverage and financial risk. Higher interest and refinancing needs reduce capital flexibility, heighten sensitivity to interest rate moves, and could constrain dividend and underwriting capacity if earnings weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Earnings Growth
The company shows multi-year acceleration in top-line and net income, indicating improving core underwriting and/or investment outcomes. Durable revenue and profit growth expands internal capital generation, supports reserve funding and dividends, and strengthens strategic investment capacity.
Read all positive factors
Sunshine Insurance Group Co. Ltd. (6963) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$51.17B
Dividend Yield5.22%
Average Volume (3M)21.78M
Price to Earnings (P/E)6.5
Beta (1Y)0.85
Revenue Growth8.20%
EPS Growth42.29%
CountryHK
Employees48,477
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)0.28
Shares Outstanding3,478,768,600
10 Day Avg. Volume16,685,011
30 Day Avg. Volume21,781,585
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)0.69
Price to Sales (P/S)0.45
P/FCF Ratio0.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.63Price Target Upside42.17% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.57
Revenue Forecast (FY)HK$92.75B
Sunshine Insurance Group Co. Ltd. Business Overview & Revenue Model
Company Description
Sunshine Insurance Group Company Limited engages in the provision of insurance products in China. It provides life insurance products; property and casualty insurance products comprising automobile insurance, accident insurance, short-term health ...
How the Company Makes Money
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Sunshine Insurance Group Co. Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 88.28B | 75.22B | 72.05B | 66.60B | 119.65B |
| Gross Profit | 88.28B | 78.67B | 63.42B | 70.31B | 119.65B |
| EBITDA | 7.97B | 11.06B | 8.59B | 7.47B | 8.81B |
| Net Income | 6.14B | 5.45B | 3.74B | 4.49B | 5.88B |
Balance Sheet | |||||
| Total Assets | 673.63B | 581.79B | 513.69B | 453.57B | 412.48B |
| Cash, Cash Equivalents and Short-Term Investments | 21.77B | 6.71B | 306.00B | 186.94B | 166.19B |
| Total Debt | 47.76B | 20.10B | 20.06B | 12.91B | 13.85B |
| Total Liabilities | 608.86B | 518.38B | 451.90B | 394.22B | 360.72B |
| Stockholders Equity | 58.23B | 62.08B | 60.45B | 58.08B | 50.55B |
Cash Flow | |||||
| Free Cash Flow | 80.62B | 32.00B | 18.28B | 24.48B | 42.88B |
| Operating Cash Flow | 81.24B | 32.60B | 20.33B | 25.92B | 44.57B |
| Investing Cash Flow | -79.58B | -37.62B | -36.41B | -28.41B | -4.69B |
| Financing Cash Flow | 7.15B | -9.68B | 18.13B | 1.88B | -26.36B |
Sunshine Insurance Group Co. Ltd. Technical Analysis
Neutral
3.96
Price Trends
3.93
Negative
3.89
Negative
3.82
Negative
Market Momentum
-0.07
Negative
47.45
Neutral
60.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6963, the sentiment is Neutral. The current price of 3.96 is above the 20-day moving average (MA) of 3.65, above the 50-day MA of 3.93, and above the 200-day MA of 3.82, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 47.45 is Neutral, neither overbought nor oversold. The STOCH value of 60.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6963.
Sunshine Insurance Group Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$75.91B | 2.48 | 29.19% | 1.81% | 23.64% | 36.32% | |
68 Neutral | HK$51.17B | 6.52 | 10.97% | 5.22% | 8.20% | 42.29% | |
68 Neutral | HK$62.02B | 1.89 | 10.53% | 3.22% | 2.54% | 17.80% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | HK$55.72B | 13.34 | 3.90% | 1.18% | 365.12% | 170.00% | |
55 Neutral | HK$21.52B | 14.26 | 5.72% | ― | -2.69% | -68.97% |
* Financial Sector Average
HK:6963
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Sunshine Insurance Group Co. Ltd. Corporate Events
Sunshine Insurance Lifts 2025 Profit on Premium Growth, Cost Cuts and Tech-Driven Strategy
Mar 16, 2026
Sunshine Insurance Group reported robust 2025 results, with gross written premiums rising 17.4% to RMB150.72 billion and insurance revenue edging up 1.7% to RMB65.07 billion, while net profit attributable to shareholders increased 15.7% to RMB6.31...
Sunshine Insurance Proposes Final 2025 Dividend of RMB 0.19 Per Share
Mar 16, 2026
Sunshine Insurance Group Company Limited has proposed a final ordinary cash dividend of RMB 0.19 per share for the financial year ended 31 December 2025, payable on 28 July 2026. Key dates including shareholder approval, ex-dividend date, record d...
Sunshine Insurance Lifts Caps on Connected Investment Management Deals After 2025 Overrun
Mar 16, 2026
Sunshine Insurance Group Company Limited has disclosed that transactions under its New Entrusted Investment Management Services Framework Agreement with subsidiary Sunshine AMC exceeded the approved 2025 annual cap. The board, having identified th...
Sunshine Insurance Gains Regulator Nod for New Independent Director as Veteran Board Member Retires
Mar 4, 2026
Sunshine Insurance Group has received regulatory approval from the National Financial Regulatory Administration for the appointment of DONG Bin as an independent non-executive director, effective March 4, 2026. He will also chair the board’s...
Sunshine Insurance Details Board Composition and Governance Committees
Mar 4, 2026
Sunshine Insurance Group Company Limited has disclosed the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors led by Chairman and Chief Executive Officer Zhang Weigong. The annou...
Sunshine Insurance Sets March 2026 Board Meeting to Approve 2025 Results
Mar 4, 2026
Sunshine Insurance Group Company Limited has scheduled a board meeting for March 16, 2026, to review and approve its audited annual results for the year ended December 31, 2025. The board will also consider a proposal for the payment of a final di...
Sunshine Insurance Injects HK$1 Billion Into Hong Kong Asset Management Arm
Feb 9, 2026
Sunshine Insurance Group has approved a substantial capital increase for its Hong Kong asset management subsidiary, Sunshine AMC (HK), with Sunshine Life contributing up to HK$250 million and Sunshine AMC up to HK$750 million at HK$1 per share. Th...
Sunshine Insurance Wins Regulatory Nod for New Executive Director and Risk Committee Chair
Jan 30, 2026
Sunshine Insurance Group Company Limited has received regulatory approval from China’s National Financial Regulatory Administration for the qualification of Mr. Wang Xiaopeng as an executive director, effective 29 January 2026. Concurrently,...
Sunshine Insurance Group Details Board Structure and Committee Assignments
Jan 30, 2026
Sunshine Insurance Group Company Limited has announced the current composition of its board of directors, detailing the roles of executive, non-executive and independent non-executive directors, including Chairman and Chief Executive Officer Zhang...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.