中国太平 分时图 日K线 周K线 月K线 18.30 0.29 1.61% 2.94% 1.94% 1.00% 0.00% 1.00% 1.94% 2.94% 17.48 17.66 17.83 18.01 18.19 18.36 18.54 09:30 10:30 12:00/13:00 14:00 16:10 0 37万 75万 112万 中国太平(00966)公布2025年中期业绩显示，截至2025年6月30日，业绩期内保险服务收入559.64亿港 元，同比增长0.2%;保险服务业绩123.16亿港元，同比增长9.5%;股东应占溢利净额(除税后归属母公司净 利润)达到67.64亿港元，同比增长12.2%;每股基本盈利1.744港元，同比增加0.206港元。 其中，太平人寿新业务价值(NBV)达到67.78亿港元，同比增长22.9%;太平人寿内涵价值2235.91亿港 元，同比增长8.1%;产再险综合成本率为94.3%，同比优化1.5个百分点;期内人民币口径下净投资收益为 4.6%。 太平人寿NBV同比增近23%分红险占比大幅优化 主要受非车险业务拉动，太平财险业务继续实现稳健增长：财险保险服务收入达到1 ...

Major Events - Sihuan Pharmaceutical Holdings Group Ltd. successfully administered the first human dose of the new radiopharmaceutical conjugate drug 3D1015 [1] - Shenzhen International's joint venture Shenzhen Airlines plans to raise a total of 16 billion yuan in a phased capital increase [1] - Kangzheng Pharmaceutical received clinical trial approval for its innovative oral small molecule JAK1 inhibitor Povorcitinib for indications of vitiligo and suppurative hidradenitis [1] - Ruihe Digital signed a framework agreement with Tielin Superlight Technology to jointly advance the business of real-world asset tokenization [1] - Zhongxu Future will operate and launch a new mobile game "Miracle MU" titled "New Moon Continent" [1] Financial Performance - Noah Holdings reported a net profit attributable to shareholders of 179 million yuan for Q2, a year-on-year increase of 79% driven by strong growth in investment product distribution [1] - Trip.com Group reported a net profit of 4.846 billion yuan for Q2, an increase of 26.43% year-on-year [1] - Shijiazhuang Pharmaceutical Group announced a mid-year profit attributable to equity holders of approximately 283.5 million HKD, a year-on-year decrease of about 58.7% [1] - Zhongsheng Holdings reported a mid-year profit attributable to shareholders of 1.011 billion yuan, a decrease of 36% year-on-year [1] - SF Express City reported an adjusted net profit of approximately 160 million yuan, a year-on-year increase of 139% [1] - Baidu's subsidiary reported a mid-year profit attributable to shareholders of 47.999 million yuan, returning to profitability [1] - Li Auto reported a net profit of 1.093 billion yuan for Q2, a decrease of 0.91% year-on-year [1] - Shanghai Industrial Holdings reported a mid-year profit attributable to shareholders of 1.042 billion HKD, with an interim dividend of 0.42 HKD per share [1] - Beijing Holdings reported a mid-year profit attributable to shareholders of 3.404 billion yuan, an increase of 8.07% year-on-year [1] - Qingdao Port reported a net profit of 2.842 billion yuan, a year-on-year increase of 7.58% [1] - New China Life Insurance reported a net profit of 14.799 billion yuan, a year-on-year increase of 33.5% [1] - China Galaxy Securities reported a net profit of 6.488 billion yuan, a year-on-year increase of 47.86% [1] - China Taiping reported a 12.2% increase in shareholder profit, with a nearly 23% high growth in life insurance new business value [1] - China Resources Gas reported a mid-year profit attributable to shareholders of 2.403 billion HKD, a year-on-year decrease of 30.5% [1] - SF Holding reported a net profit of 5.738 billion yuan, a year-on-year increase of 19.37%, with volume growth exceeding the overall express delivery industry [1] - SMIC reported a net profit of approximately 320 million USD, a year-on-year increase of 35.6% [1] - SenseTime reported a revenue growth of 35.6% year-on-year, reaching 2.358 billion yuan [1] - BeiGene reported a net profit of 95.59 million USD, returning to profitability [1] - Fubo Group reported a mid-year net profit exceeding 100 million, driven by AI [1] - CITIC Securities reported a net profit of 13.719 billion yuan, a year-on-year increase of 29.79% [1] - Huadian International Power reported a net profit of 3.904 billion yuan, a year-on-year increase of 13.15% [1] Additional Financial Performance - Zhou Hei Ya reported a mid-year profit attributable to shareholders of 108 million yuan, a year-on-year increase of 228% [2] - Haitian Flavoring reported a net profit of 3.91 billion yuan, a year-on-year increase of 13.3% [2] - Dasheng Holdings reported a mid-year adjusted net profit growth of 79.6% driven by store expansion and membership growth [2] - CITIC Securities reported a net profit of 4.509 billion yuan, a year-on-year increase of 57.77% [2] - Huitongda reported a mid-year profit attributable to shareholders of 13.9 million yuan, a year-on-year increase of 10.81% [2] - Yunfeng Financial reported a mid-year profit attributable to shareholders of 486 million HKD, a year-on-year increase of 142.04% [2] - Jiufang Zhitu reported a mid-year profit attributable to shareholders of 865 million yuan, returning to profitability [2] - Air China reported a net loss of approximately 1.806 billion yuan, a year-on-year narrowing of 35.11% [2] - ZTE reported a net profit of approximately 5.058 billion yuan, a year-on-year decrease of 11.77% [2] - China Merchants Securities reported a net profit of 5.186 billion yuan, a year-on-year increase of 9.23% [2] - Datang Power reported a net profit of approximately 4.874 billion yuan, a year-on-year increase of 50.3% [2] - China Pacific Insurance reported a net profit of 27.885 billion yuan, a year-on-year increase of 11% [2] - Beijing Capital International Airport reported a post-tax loss of 164 million yuan, a year-on-year narrowing of 56.48% [2] - Dongguan Rural Commercial Bank reported a mid-year net profit of 2.629 billion yuan [2] - Shenzhen Holdings reported a mid-year loss attributable to shareholders of 2.618 billion HKD, a year-on-year increase of 137.76% [2] - China Southern Airlines reported a net loss of 1.534 billion yuan, a year-on-year increase of 45.54% [2] - COSCO Shipping Holdings reported a profit attributable to shareholders of 17.528 billion yuan, a year-on-year increase of 3.9% [2] - Guofu Hydrogen Energy reported revenue of 10.9 million yuan, actively expanding overseas cooperation and business layout [2] - Kangsheng Global reported a mid-year gross profit of 197 million yuan, with stable progress across all businesses [2] - Dongfang Electric reported a net profit of 1.91 billion yuan, a year-on-year increase of 12.91%, maintaining the industry's leading market share in nuclear and gas power [2] - Eagle Eye Technology reported a profit of 443,000 yuan, returning to profitability [2] - Haier Smart Home reported a profit attributable to shareholders of 12.033 billion yuan, a year-on-year increase of 15.6% [2] - EDA Group Holdings reached a partnership agreement with UTCPAY to collaborate in digital asset trading, Web3 technology, and blockchain applications [2] - Gilead Sciences reported that ASC30 oral tablets showed good and differentiated pharmacokinetic characteristics in the U.S. Phase Ib multi-dose escalation study [2]

北京商报讯（记者 李秀梅）8月28日晚间，中国太平发布2025年中期业绩。2025年上半年该公司实现净 利润约67.64亿港元，同比增长约12.2%，主要原因为保险服务业绩较去年同期上升。 ...

北京商报讯(记者李秀梅)8月28日晚间，中国太平发布2025年中期业绩。2025年上半年，太平人寿产品 转型成效显著。上半年，太平人寿分红险在长险首年期缴保费中占比87.1%；实现新业务价值61.81亿元 (人民币)，较去年同期重述同比增长约22.8%，主要原因是深入落实"报行合一"及新单保费增长。 ...

北京商报讯(记者李秀梅)8月28日晚间，中国太平发布2025年中期业绩。2025年上半年，太平财险实现 保险服务收入同比增长4.3%，原保费同比增长4.6%；综合成本率95.5%，同比下降1.5个百分点，主要得 益于公司强化全流程全成本管控，深入推进降本增效，提升理赔管理质效，经营效益持续改善；车险续 保率同比上升2.1个百分点，非车险原保费业务占比同比上升1.4个百分点。 ...

北京商报讯(记者李秀梅)8月28日晚间，中国太平发布2025年中期业绩。截至2025年6月末，中国太平投 资资产约1.68万亿港元，较去年末增长7.8%；上半年实现净投资收益约252.68亿港元，同比增长3.1%， 主要为股息及基金分红收入增长。 ...

Performance Summary - SF Holding reported a revenue of 146.858 billion yuan, a year-on-year increase of 9.26%, and a net profit of 5.738 billion yuan, up 19.37% year-on-year [2] - Shanghai Pharmaceuticals achieved a revenue of 141.593 billion yuan, a growth of 1.56%, with a net profit of 4.459 billion yuan, increasing by 51.56% [2] - New China Life Insurance's revenue reached 69.429 billion yuan, a 25.5% increase, and a net profit of 14.799 billion yuan, up 33.5% [2] - Huadian International Power's revenue was 59.953 billion yuan, down 8.98%, while net profit increased by 13.15% to 3.904 billion yuan [2] - China Pacific Insurance reported a revenue of 55.964 billion yuan, a slight increase of 0.2%, and a net profit of 6.764 billion yuan, up 12.2% [2] - CITIC Securities had a revenue of 46.552 billion yuan, a 16.28% increase, and a net profit of 13.719 billion yuan, up 29.79% [2] - Beijing Enterprises Holdings reported a revenue of 44.529 billion yuan, a 5.2% increase, and a net profit of 3.404 billion yuan, up 8.1% [2] - Li Auto's vehicle sales revenue for Q2 2025 was 28.9 billion yuan, down 4.7%, with a net profit of 1.093 billion yuan, a decrease of 0.9% [2] - Huishang Bank reported a revenue of 21.157 billion yuan, a 2.25% increase, and a net profit of 9.109 billion yuan, up 5.55% [2] - SMIC achieved a revenue of 4.456 billion USD, a 22% increase, with a net profit of 320 million USD, up 35.6% [2] - China Galaxy Securities reported a total revenue of 18.798 billion yuan, an 18.92% increase, and a net profit of 6.488 billion yuan, up 47.86% [2] - Zhongjun Group Holdings had a revenue of 18.521 billion yuan, down 25.4%, with a net loss of 3.48 billion yuan, a narrowing of 5.5% [2] - BeiGene reported a revenue of 2.433 billion USD, a 44.7% increase, and a net profit of 95.59 million USD, turning from a loss of 372 million USD [2] - SF Express City reported a revenue of 10.236 billion yuan, up 48.8%, and a net profit of 137 million yuan, up 120.4% [2] - China Shipbuilding Defense reported a revenue of 10.173 billion yuan, a 16.54% increase, and a net profit of 526 million yuan, up 258.46% [2] - Qingdao Port reported a revenue of 9.434 billion yuan, a 4.04% increase, and a net profit of 2.842 billion yuan, up 7.58% [2] - Shanghai Industrial Holdings reported a revenue of 9.476 billion yuan, down 8.6%, and a net profit of 1.042 billion yuan, down 13.2% [2] - Everbright Securities reported a revenue of 7.481 billion yuan, a 17.7% increase, and a net profit of 1.683 billion yuan, up 21% [2] - Baozun reported a revenue of 4.617 billion yuan, a 5.63% increase, with a net loss of 97.04 million yuan, narrowing [2] - Sichuan Chengyu Expressway reported a revenue of 4.08 billion yuan, down 23.3%, and a net profit of 838 million yuan, up 20.1% [2] - Baideli Holdings reported a revenue of approximately 3.813 billion yuan, down 10.9%, and a net profit of 7.1 million yuan, down 79.1% [2] - Tigermed reported a revenue of 3.25 billion yuan, down 3.21%, and a net profit of 383 million yuan, down 22.22% [2] - Zhengli New Energy reported a revenue of 3.172 billion yuan, a 71.9% increase, and a net profit of 220 million yuan, turning from a loss of 130 million yuan [2] - Sensong International reported a revenue of 2.687 billion yuan, down 22.7%, and a net profit of 338 million yuan, down 10.15% [2] - Dasheng Holdings reported a revenue of approximately 2.593 billion yuan, a 27% increase, and a net profit of 65.924 million yuan, up 504.4% [2] - SenseTime reported a revenue of 2.358 billion yuan, a 35.6% increase, with a gross profit of 908 million yuan, up 18.4%, and an adjusted net loss of 1.162 billion yuan, narrowing by 50% [2] - Ruian Real Estate reported a revenue of 2.074 billion yuan, flat year-on-year, with a net profit of 51 million yuan, down 29.2% [2] - Shangri-La Asia reported a revenue of 1.056 billion USD, a 0.7% increase, and a net profit of 57.9 million USD, down 38.7% [2] - Quanfeng Holdings reported a revenue of 912 million USD, an 11.9% increase, and a net profit of 95.217 million USD, up 54.8% [2] - COSCO Shipping Ports reported a revenue of 806 million USD, a 13.6% increase, and a net profit of approximately 182 million USD, up 30.6% [2] - Tianjin Development reported a revenue of 1.719 billion yuan, down 5.59%, and a net profit of 344 million yuan, up 19.57% [2] Company News - Sillodic Pharmaceuticals successfully administered the new radiolabeled drug 3D1015 to patients with PSMA-positive metastatic castration-resistant prostate cancer, demonstrating safety and preliminary efficacy [2] - Shoucheng Holdings signed a strategic cooperation framework agreement with Alter and Alrite to jointly promote breakthroughs in robotics technology, scene implementation, and industrial chain collaboration [2]

Core Insights - China Taiping reported a solid performance for the first half of the year, with a net profit attributable to shareholders of HKD 6.764 billion, representing a year-on-year increase of 12.2% driven by improved insurance services [1] Business Segment Performance - The three main business segments of China Taiping exhibited differentiated growth, with life insurance continuing to serve as a stabilizing force, generating a profit of HKD 8.278 billion, up 5.5% year-on-year [2] - The domestic property insurance segment showed remarkable performance, achieving a profit of HKD 686 million, a significant increase of 84.9%, with a combined cost ratio of 95.5%, improving by 1.5 percentage points year-on-year [2] - The reinsurance segment also recorded substantial growth, with a profit of HKD 872 million, up 74.8%, maintaining a favorable combined cost ratio of 93.8% [2] - In the life insurance sector, the transformation towards dividend insurance has been effective, accounting for 87.1% of the first-year premium income for long-term insurance, leading to a new business value growth of 22.8% [2] Pension Business Growth - China Taiping's pension business saw significant growth, with total premium contributions from strategic partners reaching HKD 37.398 billion, and new pension contributions amounting to HKD 34.384 billion [3] - The second pillar annuity management asset balance increased by 11.5% compared to the end of the previous year, while the personal pension premium income surged by 84.5% [3] - The company has established 77 health and wellness communities across 28 provinces and 63 cities, contributing to new premium income of HKD 8.980 billion [3] Investment Performance - The net investment income for the first half of the year was HKD 25.268 billion, reflecting a year-on-year growth of 3.1%, primarily due to increased dividend and fund distribution income [4] - Fixed income assets accounted for 84.5% of the investment portfolio, an increase of 1.7 percentage points from the previous year, with high credit quality bonds making up 99.8% of domestic bond investments [4] - Real estate debt financial products represent a minimal portion of total assets at 0.8%, with a focus on high credit ratings and strong repayment capabilities from financing entities [4]

Core Insights - China Pacific Insurance (00966) reported a slight increase in insurance service revenue and a notable growth in net profit for the first half of 2025, indicating a stable performance in a challenging market environment [1] Financial Performance - Insurance service revenue reached HKD 55.964 billion, a year-on-year increase of 0.2% [1] - Insurance service profit amounted to HKD 12.316 billion, up 9.5% year-on-year [1] - Net profit attributable to shareholders was HKD 6.764 billion, reflecting a 12.2% increase [1] - Basic earnings per share rose to HKD 1.744, an increase of HKD 0.206 year-on-year [1] New Business Value - New business value (NBV) for China Pacific Life reached HKD 6.778 billion, a significant year-on-year growth of 22.9% [1] - The intrinsic value of China Pacific Life was HKD 223.591 billion, up 8.1% year-on-year [1] - The comprehensive cost ratio for reinsurance improved to 94.3%, a 1.5 percentage point enhancement compared to the previous year [1] - The net investment return in RMB terms was reported at 4.6% [1] Segment Performance - In RMB terms, the core subsidiary, China Pacific Life, achieved insurance service revenue of RMB 27.17 billion, a 3.7% increase year-on-year [2] - Insurance service profit for China Pacific Life was RMB 9.77 billion, up 0.6% year-on-year [2] - Original premium income reached RMB 115.06 billion, reflecting a 5.4% increase [2] - The new business value for the first half of 2025 was RMB 6.18 billion, a 22.8% increase year-on-year [2] Distribution Channels - Individual insurance new business value was RMB 4.07 billion, up 22.4% year-on-year, with a new business value rate increase of 3.5 percentage points to 22.7% [2] - Bank insurance channel new business value reached RMB 1.92 billion, a 23.8% increase year-on-year, with a new business value rate increase of 1.8 percentage points to 20.0% [2] - The 13-month renewal rates for individual and bank insurance were high at 98.9% and 98.5%, respectively [2] Asset Growth and Ecosystem Expansion - As of June 30, 2025, total assets exceeded HKD 1.87 trillion, an 8.1% increase from the end of 2024 [4] - Contract service margin reached HKD 213.186 billion, a 2.6% increase from the end of 2024 [4] - Total equity grew to HKD 136.434 billion, reflecting an 11.5% increase from the end of 2024 [4] - The company expanded its "self-owned + cooperative" health and wellness community to 77 locations, covering 28 provinces and 63 cities, generating new single premium income of HKD 8.98 billion [4]

智通财经APP讯，中国太平(00966)公布2025年中期业绩显示，截至2025年6月30日，业绩期内保险服务 收入559.64亿港元，同比增长0.2%;保险服务业绩123.16亿港元，同比增长9.5%;股东应占溢利净额(除税 后归属母公司净利润)达到67.64亿港元，同比增长12.2%;每股基本盈利1.744 港元，同比增加0.206港 元。 其中，太平人寿新业务价值(NBV)达到67.78亿港元，同比增长22.9%;太平人寿内涵价值2235.91亿港 元，同比增长8.1%;产再险综合成本率为94.3%，同比优化1.5个百分点;期内人民币口径下净投资收益为 4.6%。 太平人寿NBV同比增近23% 分红险占比大幅优化 业绩期内，在人民币口径下，核心子公司太平人寿保险服务收入达到271.7亿元，同比增3.7%;保险服务 业绩达到97.7亿元，同比增0.6%;原保费达到1150.6亿元，同比增5.4%，内涵价值达到2039.0亿元，较 2024年底增加6.5%。新业务价值达到61.8亿元，同比增22.8%。 分业务来看，个险新业务价值达到40.7亿元，同比增22.4%，新业务价值率提升3.5个百分点至22.7% ...