On September 3, PICC GROUP rose 3.34% in regular trading, trading at HKD 6.185/share, with turnover of HKD 54.86 million. The stock has maintained upward momentum since the release of its interim results on August 28.
On the earnings front, PICC GROUP reported H1 total revenue of RMB 355.17 billion, up 9.6% year-over-year, with net profit attributable to parent shareholders reaching RMB 374.51 billion, a 40.42% surge. Total investment income soared 62.7% to RMB 66.33 billion, serving as the primary driver of profit growth. On the underwriting side, PICC P&C's combined ratio improved 0.8 percentage points to 94.5%, with underwriting profit rising 19.8%. The board proposed an interim cash dividend of RMB 0.11 per share, representing a 46.7% increase and totaling RMB 4.865 billion, further enhancing shareholder returns. Additionally, Wellington Management Group LLP recently raised its stake to 5.02%, signaling institutional confidence in the company's outlook.
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