| 公司代码：601601 | | | 公司简称：中国太保 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 中国太平洋保险（集团）股份有限公司 | | | | | | | | | | | 中国太平洋保险（集团）股份有限公司2025 | | | | | | 年半年度报告摘要 | | | | | 第一节 重要提示 | | | | | | | | | | | 展规划，投资者应当到 http://www.sse.com.cn | 网站仔细阅读半年度报告全文。 | | | | | | | | | | 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 | | | | | | | | | | | 本公司2025年半年度不进行利润分配，亦不实施公积金转增股本。 | | | | | | | | | | | 第二节 公司基本情况 | | | | | | | | | | | 公司股票简况 | | | | | | | | | | | 股票种类 股票上市交易所 | 股票简称 | | | | | | | ...

Core Viewpoint - China Pacific Insurance (Group) Co., Ltd. has made significant progress in implementing its 2025 "Quality Improvement, Efficiency Enhancement, and Return to Shareholders" action plan, focusing on high-quality development and enhancing operational efficiency [1][2][3]. Group 1: Business Performance and Development - The company has seen continuous improvement in its overall business performance, with a focus on core responsibilities leading to sustained growth in operating results [1]. - New business value in life insurance has grown rapidly, with a significant increase in the proportion of floating income products and over 50% of individual insurance channel products being dividend insurance [1][2]. - The property insurance segment has prioritized profitability, achieving improvements in comprehensive cost ratios and both underwriting profits and investment returns [1][2]. - Health insurance has innovated in product offerings, particularly in commercial health insurance, and has experienced rapid growth in online business [1][2]. Group 2: Innovation and Technology - The company has developed a dedicated risk assessment model for cybersecurity insurance and created a risk map for the biopharmaceutical industry, enhancing its service offerings [3]. - The implementation of AI technologies in core business areas such as sales and claims management has been initiated, with the launch of intelligent claims assistants [3]. Group 3: Governance and Compliance - The company is reforming its supervisory board to enhance governance efficiency and decision-making processes, with a focus on sustainable development [4][5]. - A new intelligent risk control system is being developed to cover major strategic and business risks, improving compliance and risk management capabilities [5]. Group 4: Investor Relations and Market Value Management - The company has established a long-term dividend policy linked to operational profit growth, with a planned cash dividend distribution of RMB 1.08 per share for 2024 [6]. - Efforts to enhance transparency and information disclosure have been intensified, with nearly a hundred reports and disclosures made in the first half of the year [6][7]. - The company has engaged in various investor communication activities to strengthen relationships and protect investor rights, ensuring fair treatment for all investors [7].

| 最低资本 | | | --- | --- | | （7）=（8）+（9）+（10） | | | 量化风险最低资本 +（11）+（12）+（13） 20,495,568 19,938,945 | | | －（20） | | | 母公司最低资本 （8） - - | | | - | | | 证券类成员公司的最低资本 （11） - - | | | - | | | 集团层面可量化的特有风险最低资本 （13）=（14）+（15） - | - | | - - | | | （15）=（16）+（17）+ | | | 集中度风险最低资本 - - | | | 交易对手集中度风险最低资本 （16） - - | | | 控制风险最低资本 | | | 附加资本 （22） - - | | | （23）=（2）+（3）－（6） | | | 核心偿付能力溢额 28,440,958 25,953,795 | | | × 50% | | | （24）= （ | | | [ 2）+（3）] / （6） | | | 核心偿付能力充足率 190% 182% | | | × 100% | | | 综合偿付能力溢额 30,666,599 | | | ...

中国太保2025年中期业绩发布 前瞻性声明 ? 中国太平洋保险（集团）股份有限公司（"本公司"）准备的本材料仅作参考之用，并不构成以下情 况 或作为其中一部分，且亦不应被解释为情况如此，即：在任何司法管辖区内提呈或邀请出售或发售 本公 司或任何控股公司或其任何子公司的证券，或招揽作出购买或认购上述证券的要约或邀请。本材料 的内 公司及其关联公司或任何董事、高级管理人员、雇员、顾问或代表，对于因本材料所载或呈列的任 何资 料而产生的或因其他原因产生与本材料有关的任何损失，概不承担疏忽或其他方面的责任。 ? 本材料载有多项陈述，以反映本公司目前就截至其中所示个别日期为止对未来前景之看法及预期。 这些 前瞻性陈述基于多项关于本公司营运的假设以及在本公司控制范围以外的因素作出，可能受庞大风 险和 不明确情况的影响，因此，实际结果或会与这些前瞻性陈述有重大差异，你不应过分依赖前瞻性陈 述的 容或其派发的事实概不作为订立任何合同或作出任何承诺的依据，或就此而加以依赖。 ? 本材料中载列的资料未经独立核实。对于本材料所载资料或意见是否公平、准确、完整或正确无 误，并 未明示或默示作出任何陈述或保证，且亦不应对之加以依赖。本 ...

Company Overview - China Pacific Property Insurance Company Limited is a property insurance provider established in November 2001 with a registered capital of 19.948 billion RMB [1] - The company operates within the People's Republic of China, excluding Hong Kong, Macau, and Taiwan, and offers various insurance products including property damage, liability, credit, health, and accident insurance [1] Board and Management Statements - The report has been approved by the company's board of directors, ensuring that the information provided is accurate, complete, and compliant with regulations [1] Shareholding Structure - As of the last quarter, China Pacific Insurance (Group) Co., Ltd. holds 98.5% of the shares, making it the controlling shareholder [4] - The company has no actual controller, and there are no known significant changes in shareholding during the reporting period [4] Key Personnel - The board includes several key figures such as Yu Bin, who serves as the chairman, and has extensive experience in various managerial roles within the company [5][6] - Other notable board members include Su Shaojun, Zhang Yuanhan, and Chen Hui, each bringing significant expertise from previous positions in the insurance and finance sectors [5][6][7] Subsidiaries and Joint Ventures - The company has several subsidiaries, including Pacific Anxin Agricultural Insurance Co., Ltd. and China Pacific Insurance (Hong Kong) Co., Ltd., with the latter achieving a premium scale of 505 million HKD and a net profit of 39 million HKD in the second quarter of 2025 [15] - The report indicates that the company maintains a strong presence in joint ventures and partnerships, contributing to its overall business strategy [15] Regulatory Compliance - The company faced regulatory penalties totaling 3.069 million RMB for various violations, including misreporting expenses and unauthorized insurance sales activities [16] Key Financial Indicators - As of the latest quarter, the recognized assets amount to 287.843 million RMB, with recognized liabilities at 214.147 million RMB, indicating a solid capital position [18] - The core solvency margin ratio stands at 195.8%, reflecting a strong capital adequacy position [18] - The liquidity coverage ratio for the next twelve months is reported at 127.3%, demonstrating effective liquidity management [18]

中国太平洋保险（集团）股份有限公司（以下简称"公司"或"本公司"） 近日收到公司监事会主席、股东代表监事朱永红先生的辞呈。朱先生因工作变动， 经审慎考虑，决定辞去本公司监事会主席、股东代表监事的职务。朱先生的辞任 自 2025 年 8 月 27 日起生效。 一、离任的基本情况 证券代码：601601 证券简称：中国太保 公告编号：2025-043 中国太平洋保险（集团）股份有限公司 关于监事离任的公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | | | | | 是否继续在上 | 是否存在未 | | | --- | --- | --- | --- | --- | --- | --- | | | | | 原定任期 | 离任 | | | | 姓名 | 离任职务 | 离任时间 | | | 市公司及其控 | 履行完毕的 | | | | | 到期日 | 原因 | | | | | | | | 股子公司任职 | 公开承诺 | | | | | | 第十届监事 | | | | | | 监事会主席 | 2025 年 | | 工作 | | | ...

证券代码：601601 证券简称：中国太保 公告编号：2025-044 重要提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国太平洋保险（集团）股份有限公司 第十届董事会第十六次会议决议公告 本公司第十届董事会第十六次会议通知于 2025 年 8 月 14 日以书面方式发出， 并于 2025 年 8 月 28 日在上海召开。会议由傅帆董事长主持。应出席会议的董事 书列席了会议。本次董事会会议出席人数符合法定人数要求，会议召开符合《公 司法》及《公司章程》的有关规定。 经与会董事审议并现场表决，形成以下会议决议： 一、审议并通过了《关于 <中国太平洋保险 ensp="ensp" 年="年" 股份有限公司="股份有限公司" 集团 ="集团"> 半年度报告>的议案》 本公司董事会审计与关联交易控制委员会已审核通过该项议案。 表决结果：赞成 13 票，反对 0 票，弃权 0 票。 二、审议并通过了《关于中国太平洋保险（集团）股份有限公司 H 股 2025 年中期初步业绩公告的议案》 表决结果：赞成 13 票，反对 0 票，弃权 ...

半年报数据显示，中国太保（601601.SH；02601.HK）上半年归母净利润同比提升11.0%，营运利润提 升7.1%。 "经济长期向好的支撑条件和基本趋势没有改变，中国保险业正处于高质量发展的战略机遇期。"中国太 保总裁赵永刚在8月29日下午的半年业绩发布会上表示。在回答第一财经记者提问时，他用了稳健增长 来形容今年上半年的公司经营业绩。 事实上，稳健也一直是中国太保给外界的印象。在业绩发布会上，管理层亦用了至少14次"稳健"这个 词。 那么如何在低利率环境等复杂市场挑战下实现稳健增长？中国太保管理层在业绩发布会上从盈利、投资 等多个方面做出解答。 预计全年营运利润稳健增长 与一季度归母净利润同比下降18.1%相比，上半年末，中国太保归母净利润转变为正增长11%，显然二 季度的利润增速明显提升。 半年报数据显示，中国太保总投资收益率（投资收益率指标均未年化，下同）为2.3%，综合投资收益 率为2.4%，同比分别下降0.4个百分点和0.6个百分点。 今年上半年，上市险企均收获了不错的半年成绩单，中国太保也不例外。 下，中国太保拓展了多元化的投资渠道，把握港股市场的投资机会，结合股息价值策略，对于净利润的 ...

Core Viewpoint - China Pacific Insurance (601601.SH) aims to enhance its dividend insurance proportion and pursue three major strategies: health and wellness, internationalization, and "AI+" to improve service quality and operational efficiency [1][4]. Financial Performance - In the first half of 2025, China Pacific Insurance reported total revenue of approximately 200.5 billion yuan, a year-on-year increase of 3% [1]. - Insurance service revenue reached 141.8 billion yuan, growing by 3.5% year-on-year [1]. - The group's net profit attributable to shareholders was approximately 27.9 billion yuan, reflecting an 11% year-on-year increase [1]. - As of June 30, total assets were about 3.03 trillion yuan, up 6.9% from the beginning of the year, while net assets decreased by 3.3% to 281.9 billion yuan [1]. Dividend Insurance Strategy - In the first half of 2025, the scale of dividend insurance premiums reached 10.1 billion yuan, showing significant growth [2]. - The proportion of new premium income from dividend insurance increased to 42.5%, particularly notable since the second quarter [2]. - The company is implementing four key measures to promote the structural transformation of dividend insurance: reinforcing the concept of transformation, differentiated channel strategies, regional differentiation, and enhanced policy guidance [3]. Interest Rate Adjustments - The recent adjustment of predetermined interest rates presents both opportunities and challenges for dividend insurance, with the new rate set at 1.75% [4]. - The adjustment is expected to reduce the short-term competitiveness of products but may enhance the relative advantages of dividend insurance over traditional insurance, promoting overall business structure optimization [4]. AI Strategy - China Pacific Insurance has initiated the "AI+" strategy to leverage technology for improving operational efficiency and exploring new business growth points [5]. - The company has established a stable and efficient AI infrastructure, with over 70 AI applications in development and an expected completion of 2,700 digital equivalent labor forces by the end of the year [5][6]. - AI is expected to enhance user experience, improve team productivity, and empower risk control across various operational areas [6]. Investment Strategy - The company is focusing on long-term equity asset allocation, while also exploring innovative asset classes such as private equity funds and gold [7]. - China Pacific Insurance emphasizes a dividend value strategy in equity asset allocation and is continuously optimizing its investment portfolio in response to market changes [7].

Core Insights - China Pacific Insurance (601601.SH) reported a total revenue of approximately 200.5 billion yuan for the first half of 2025, representing a year-on-year growth of 3% [1] - The group's net profit attributable to shareholders reached about 27.9 billion yuan, an increase of 11% compared to the previous year [1] - The company aims to enhance value creation and implement three major strategies: health and wellness, internationalization, and "AI+" [1] Financial Performance - Total assets of China Pacific Insurance stood at approximately 3.03 trillion yuan, a growth of 6.9% from the beginning of the year [1] - Net assets decreased by 3.3% to 281.9 billion yuan as of the end of June [1] - The insurance service revenue was approximately 141.8 billion yuan, with a year-on-year increase of 3.5% [1] Business Strategy - The company is focusing on high-quality development and comprehensive reform to improve operational efficiency and service quality [1] - China Pacific Insurance is implementing four key measures to transform its dividend insurance business, including reinforcing the concept of transformation, differentiated channel strategies, regional differentiation, and enhanced policy guidance [2][3] Market Conditions - The insurance industry is facing a new round of predetermined interest rate adjustments, with the latest rate set at 1.99%, down from 2.13% [3] - The upper limit for the predetermined interest rate for ordinary life insurance products will decrease from 2.5% to 2.0%, and for dividend insurance, it will drop to 1.75% [3] - The adjustment presents both opportunities and challenges, potentially reducing short-term competitiveness while enhancing the relative advantages of dividend insurance [3] Technological Innovation - China Pacific Insurance has initiated an "AI+" strategy to leverage technology for improving operational efficiency and exploring new business growth points [4] - The company has established a robust AI infrastructure, with over 70 AI applications in development and an expected completion of 2,700 digital equivalent labor forces by the end of the year [4] - AI is expected to enhance user experience, improve team productivity, and empower risk control across various operational areas [4] Investment Strategy - The company is focusing on long-term equity asset allocation, despite short-term market volatility [5] - China Pacific Insurance is increasing its allocation to long-term interest rate bonds and innovative quality assets, including ABS and public REITs [5] - The company is also expanding its investment in alternative assets, such as private equity funds and gold, to improve the quality of insurance fund utilization [5]