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<Results> CPIC (02601.HK) 1Q26 Net Profit RMB10.041B, Up 4.3% YoY
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CPIC (02601.HK) announced its first-quarter results. Under China Accounting Standards, operating revenue amounted to RMB92.547 billion, down 1.2% YoY. Net profit reached RMB10.041 billion, up 4.3% YoY, with EPS of RMB1.04. Net investment yield was 0.7%, down 0.1 ppts. In the first quarter, CPIC Life achieved gross written premiums of RMB116.277 billion. Among which, new regular premiums amounted to RMB18.929 billion, up 41.4% YoY. New business value was RMB6.372 billion, up 9.6% YoY. Insurance service revenue was RMB21.571 billion, up 2.6% YoY. CPIC P&C recorded original insurance premium income of RMB63.028 billion, down 0.3% YoY, while insurance service revenue reached RMB47.772 billion, down 0.2% YoY. The comprehensive underwriting combined ratio was 96.1%, improving by 1 ppt. This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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