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Sunshine Insurance Group Co. Ltd.
(6963)
Sunshine Insurance Group Co. Ltd. (6963) vs. iShares MSCI Hong Kong ETF (EWH)
Sunshine Insurance Group Co. Ltd. Business Overview & Revenue Model
Sunshine Insurance Group Co. Ltd. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 75.22B | 72.05B | 61.95B | 119.65B | 113.24B |
| Gross Profit | 80.34B | 63.42B | 61.95B | 119.65B | 113.24B |
| EBITDA | 0.00 | 8.59B | 3.20B | 4.06B | 9.46B |
| Net Income | 5.45B | 3.74B | 4.49B | 5.88B | 5.62B |
Balance Sheet | |||||
| Total Assets | 581.79B | 513.69B | 453.57B | 412.48B | 406.49B |
| Cash, Cash Equivalents and Short-Term Investments | 6.71B | 306.00B | 186.94B | 166.19B | 116.15B |
| Total Debt | 20.10B | 20.06B | 12.91B | 13.85B | 17.50B |
| Total Liabilities | 518.38B | 451.90B | 394.22B | 360.72B | 349.55B |
| Stockholders Equity | 62.08B | 60.45B | 58.08B | 50.55B | 55.80B |
Cash Flow | |||||
| Free Cash Flow | 32.00B | 18.28B | 24.48B | 42.88B | 36.80B |
| Operating Cash Flow | 32.60B | 20.33B | 25.92B | 44.57B | 39.17B |
| Investing Cash Flow | -37.62B | -36.41B | -28.41B | -4.69B | -55.97B |
| Financing Cash Flow | -9.68B | 18.13B | 1.88B | -26.36B | 17.45B |
Sunshine Insurance Group Co. Ltd. Technical Analysis
Sunshine Insurance Group Co. Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.06T | 7.54 | 6.80% | 11.71% | 37.04% | ||
78 Outperform | $730.83B | 14.30 | 16.75% | 3.85% | 7.04% | 88.41% | |
75 Outperform | HK$186.79B | 4.79 | 26.08% | 4.99% | -43.77% | ― | |
75 Outperform | HK$1.04T | 4.56 | 22.83% | 2.64% | 5.96% | 124.20% | |
74 Outperform | HK$48.13B | 6.77 | 8.91% | 5.97% | 7.63% | 41.18% | |
70 Outperform | $363.98B | 5.99 | 16.47% | 4.09% | 11.99% | 54.60% | |
58 Neutral | HK$91.09B | 5.21 | -3.21% | 5.20% | 7.36% | -55.21% |
Sunshine Insurance Group Co. Ltd. Corporate Events
Sunshine Insurance Group Company Limited announced that its subsidiary, Sunshine Life Insurance Corporation Limited, has issued capital supplementary bonds in the National Inter-bank Bond Market. As part of regulatory requirements, Sunshine Life will disclose its quarterly reports and solvency statement on various financial websites. The unaudited financial data for the first quarter of 2025, prepared according to PRC Accounting Standards, will also be released. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares due to the unaudited nature of the financial data.
Sunshine Insurance Group Co. Ltd. announced the unaudited financial data and solvency statement for its subsidiary, Sunshine P&C, for the first quarter of 2025. The company has issued capital supplementary bonds in the National Inter-bank Bond Market, necessitating the public disclosure of quarterly reports and solvency statements. These disclosures are part of regulatory requirements and are available on specified financial websites. The financial data, prepared according to PRC Accounting Standards, has not been audited, and stakeholders are advised to exercise caution when dealing with the company’s shares.
Sunshine Insurance Group Co. Ltd. announced that its subsidiaries will disclose their solvency reports for the first quarter of 2025. These reports, which are not audited, aim to provide shareholders and investors with insights into the financial position of the company. Stakeholders are advised to exercise caution when dealing with the company’s shares.
Sunshine Insurance Group Co. Ltd. announced the resignation of executive directors Mr. Zhao Zongren and Mr. Wang Yongwen due to age reasons. The board has nominated Mr. Wang Xiaopeng as a candidate for the executive director position, pending approval at the general meeting and by the Chinese insurance regulatory authority. Mr. Wang Xiaopeng, who has been with the group since 2007, brings extensive experience from various managerial roles within the company.
Sunshine Insurance Group Co. Ltd. has announced the composition of its board of directors, highlighting the roles and functions of each member. The company has also established seven committees under the board to enhance its governance structure, which includes committees focused on strategy, risk management, audit, nomination and remuneration, related party transactions, consumer rights protection, and ESG.
Sunshine Insurance Group Co. Ltd. reported robust financial performance for 2024, with significant growth in premium income and net profit. The company achieved a total premium income of RMB128.38 billion, marking an 8.0% increase, and a net profit of RMB5.45 billion, up 45.8% year-on-year. The group has made substantial progress in customer engagement and product offerings, launching nearly 100 new products and expanding its customer base to approximately 30.19 million active customers. Sunshine Insurance has also strengthened its core capabilities, particularly in risk management and customer service, which has led to increased market share and enhanced operational efficiency.
Sunshine Insurance Group Co. Ltd. has announced a final cash dividend of RMB 0.19 per share for the financial year ending December 31, 2024. The payment date for the dividend is set for July 28, 2025, with additional details such as the exchange rate and ex-dividend date to be announced. This announcement reflects the company’s commitment to returning value to its shareholders and may influence investor perceptions positively.
Sunshine Insurance Group Co. Ltd. announced that its subsidiary, Sunshine Life, plans to issue undated capital bonds worth up to RMB5 billion in the National Inter-bank Bond Market. This move, approved by regulatory authorities, aims to enhance Sunshine Life’s solvency and support its sustainable business growth.
Sunshine Insurance Group Co. Ltd. has announced that its board of directors will meet on March 26, 2025, to consider and approve the audited annual results for the year ended December 31, 2024. The meeting will also address the proposal for a final dividend payment and other matters, which could impact the company’s financial strategy and stakeholder interests.
Sunshine Insurance Group Co. Ltd. announced its unaudited original premium income for January 2025, with Sunshine Property and Casualty Insurance reporting RMB 516,393,0000 and Sunshine Life Insurance Corporation reporting RMB 1,723,936,0000. This financial update is crucial for stakeholders to assess the company’s performance at the beginning of the year and could impact investor confidence and market positioning.
Sunshine Insurance Group Co. Ltd. has announced a change in its registered address to a location in Shenzhen, having completed the necessary business registration procedures and obtained a new business license. This change is significant for the company as it may influence its operations and market positioning within the insurance industry.