证券代码：601601 证券简称：中国太保 公告编号：2025-046 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 关于 2025 年度"提质增效重回报"行动方案实施进展情况 的公告 中国太平洋保险（集团）股份有限公司（以下简称"公司"或"太保集团"） 积极响应国务院《关于加强监管防范风险推动资本市场高质量发展的若干意见》、 中国证监会《关于加强上市公司监管的意见（试行）》和上海证券交易所《关于 开展沪市公司"提质增效重回报"专项行动的倡议》，制定并于 6 月 28 日披露 了 2025 年度"提质增效重回报"行动方案。上半年行动方案实施进展情况如下： 一、整体经营稳中向好，高质量发展成效显现 （一）专注主责主业，经营业绩持续提升 负债端深化转型突破，发展态势稳中有进。太保寿险纵深推进"长航"转型， 新业务价值实现较快增长，新业务价值率持续提升。积极拓展多元渠道布局，银 保渠道新保期缴增速领先同业平均，持续优化产品结构，浮动收益型产品占比逐 步提高，个险渠道分红险占比超 50% ...

偿付能力季度报告摘要节录 太平洋安信农业保险股份有限公司 Pacific Anxin Agricultural Insurance Co., Ltd. 2025 年第 2 季度 公司简介和报告联系人 | 公司名称： | 太平洋安信农业保险股份有限公司 | | --- | --- | | 公司英文名称： | Pacific Anxin Agricultural Insurance | | | Company Limited | | 法定代表人： | 宋建国 | | 注册地址： | 上海市静安区共和新路 3651 号 | | 注册资本： | 亿元人民币 10.8 | | 经营保险业务许可证号： | 00000089 | | 开业时间： | 二零零四年九月 农业保险；财产损失保险；责任保险；法 | | | 定责任保险；信用保险和保证保险；短期 | | | 健康保险和意外伤害保险；其他涉及农村、 | | 经营范围： | 农民的财产保险业务；上述业务的再保险 | | | 业务；保险兼业代理业务[依法须经批准的 | | | 项目，经相关部门批准后方可开展经营活 | | | 动，具体经营项目以相关部门批准文件或 | | | ...

中国太保公告，2025年上半年营业收入2004.96亿元，同比增长3.0%。净利润278.85亿元，同比增长 11.0%。 ...

Group 1 - The insurance industry achieved original premium income of 42,085 billion yuan from January to July 2025, representing a year-on-year increase of 6.8% and a month-on-month increase of 1.5 percentage points [1][2] - Life insurance continues to support the industry's accelerated growth, with life insurance premiums reaching 25,761 billion yuan, a year-on-year increase of 9.1% and a month-on-month increase of 2.5 percentage points [2][3] - Non-auto insurance premiums increased by 5.8% year-on-year, with specific growth rates for various segments: accident insurance +13%, health insurance +10.1%, liability insurance +3.8%, and agricultural insurance +3.2% [1][4] Group 2 - As of the end of July 2025, the total assets of the insurance industry reached 39.59 trillion yuan, an increase of 10.3% compared to the end of the previous year, with net assets of 3.84 trillion yuan, up 15.5% [5] - The growth of life insurance sales is expected to continue until August 2025, driven by the adjustment of the predetermined interest rate, although an overall slowdown is anticipated later in the year [6] - Property insurance growth is primarily driven by non-auto insurance, with the auto insurance sector expected to undergo transformation due to the gradual replacement of traditional fuel vehicles by new energy vehicles [6][7] Group 3 - Recommended stocks include China Pacific Insurance (02601), China Life Insurance (02628), Ping An Insurance (02318), and China People's Insurance Group (01339) [8]

| 大股東/董事/避塞行及人員名 作出获霸的賣人 / 費出或考及的 哥股89平均價 | 持有權益的股份數目 估已發行的澳麗聯活的日 相談法國股份值權證據 | | --- | --- | | 四十八十八十七 股份融日 | 대법 (领令國上同,註 資務要購股期(日)日人 | | | G GITED | 格隆汇8月28日丨根据联交所最新权益披露资料显示，2025年8月22日，中国太保(02601.HK)获中国平安 人寿保险股份有限公司在场内以每股均价36.7019港元增持503.3万股，涉资约1.85亿港元。 增持后，中国平安人寿保险股份有限公司最新持股数目为167,858,600股，持股比例由5.86%上升至 6.04%。 ...

Group 1 - The core point of the article is that China Pacific Insurance (02601.HK) has seen an increase in shareholding by Ping An Life Insurance Company, which acquired 5.033 million shares at an average price of HKD 36.7019 per share, totaling approximately HKD 185 million [1] - Following this acquisition, Ping An Life's total shareholding in China Pacific Insurance rose to 167,858,600 shares, increasing its ownership percentage from 5.86% to 6.04% [1]

Key Points - The top three companies with net inflows of southbound funds are Alibaba-W (09988) with 581 million, Kangfang Biotech (09926) with 541 million, and Hong Kong Stock Exchange (00388) with 434 million [1] - The top three companies with net outflows of southbound funds are Yingfu Fund (02800) with -2.396 billion, Xiaomi Group-W (01810) with -1.524 billion, and SMIC (00981) with -845 million [1] - In terms of net inflow ratios, the top three companies are Quan Feng Holdings (02285) at 51.60%, Sen Song International (02155) at 49.91%, and GX China (03040) at 43.94% [1] - The top three companies with the highest net outflow ratios are Yihai International (01579) at -51.63%, Zhou Hei Ya (01458) at -49.54%, and Kangji Medical (09997) at -46.09% [1] Net Inflow Rankings - Alibaba-W (09988) had a net inflow of 581 million, representing a 2.88% increase in closing price to 124.500 [2] - Kangfang Biotech (09926) saw a net inflow of 541 million, with a closing price of 169.500, down 4.18% [2] - Hong Kong Stock Exchange (00388) experienced a net inflow of 434 million, closing at 462.800, up 3.30% [2] - Kuaishou-W (01024) had a net inflow of 428 million, closing at 78.750, up 5.14% [2] - Horizon Robotics-W (09660) recorded a net inflow of 401 million, closing at 7.760, up 1.31% [2] Net Outflow Rankings - Yingfu Fund (02800) had the largest net outflow of -2.396 billion, with a closing price of 26.360, up 2.01% [2] - Xiaomi Group-W (01810) experienced a net outflow of -1.524 billion, closing at 53.500, up 1.81% [2] - SMIC (00981) saw a net outflow of -845 million, with a closing price of 57.800, up 1.58% [2] - CNOOC (00883) had a net outflow of -708 million, closing at 18.830, up 0.53% [2] - Pop Mart (09992) recorded a net outflow of -418 million, closing at 326.600, up 1.94% [2] Net Inflow Ratio Rankings - Quan Feng Holdings (02285) had a net inflow ratio of 51.60%, with a net inflow of 24.33 million, closing at 24.300, up 5.29% [3] - Sen Song International (02155) recorded a net inflow ratio of 49.91%, with a net inflow of 54.68 million, closing at 10.900, up 1.68% [3] - GX China (03040) had a net inflow ratio of 43.94%, with a net inflow of 1.29 million, closing at 37.820, up 2.55% [3] Net Outflow Ratio Rankings - Yihai International (01579) had a net outflow ratio of -51.63%, with a net outflow of -69.47 million, closing at 14.780, up 4.23% [3] - Zhou Hei Ya (01458) recorded a net outflow ratio of -49.54%, with a net outflow of -20.12 million, closing at 2.570, up 2.80% [3] - Kangji Medical (09997) had a net outflow ratio of -46.09%, with a net outflow of -30.83 million, closing at 8.680, up 0.35% [3]

Core Viewpoint - The insurance sector is experiencing a decline in stock prices, with major companies like New China Life, China Pacific Insurance, and China Life seeing significant drops in their share prices, indicating market concerns about the sector's performance [1][1][1] Company Performance - China Ping An reported a year-on-year decline in net profit for the first half of the year, but operating profit showed a year-on-year increase, attributed to three main factors: one-time accounting adjustments, issuance of convertible bonds, and unrealized gains from investments in listed companies not reflected in the profit statement [1][1][1] - The CFO of China Ping An suggested that the market should focus more on operating profit metrics rather than net profit figures [1][1][1] Market Trends - Longcheng Securities noted that the ten-year government bond yield has risen to around 1.78%, influenced by policies related to capacity reduction and market fluctuations in the insurance sector [1][1][1] - According to a recent survey by the Insurance Asset Management Association, stocks are the preferred investment asset for insurance institutions in the second half of 2025, followed by bonds and securities investment funds [1][1][1] - The insurance sector is viewed with cautious optimism regarding its allocation value despite the high volatility observed [1][1][1]

Core Viewpoint - The insurance sector in China is experiencing a decline in stock prices, with major companies like New China Life, China Pacific Insurance, and China Life seeing significant drops in their share prices. This is occurring alongside a discussion of China Ping An's financial performance, which shows a decline in net profit but an increase in operating profit, attributed to specific accounting treatments and market conditions [1][1][1]. Group 1: Company Performance - China Ping An reported a year-on-year decline in net profit for the first half of the year, while operating profit showed a year-on-year increase. The CFO attributed this to three main factors: one-time accounting treatments in the first quarter, the issuance of convertible bonds, and unrealized gains of 60 billion yuan from investments in listed companies not reflected in the profit statement [1][1][1]. - The stock prices of major insurance companies have seen significant declines, with New China Life down 5.29% to 46.54 HKD, China Pacific Insurance down 3.82% to 35.24 HKD, and China Life down 3.4% to 23.84 HKD [1][1][1]. Group 2: Market Conditions - The ten-year government bond yield has risen to around 1.78%, influenced by policies related to capacity reduction. This has contributed to high volatility in the insurance sector [1][1][1]. - According to a recent survey by the Insurance Asset Management Association, stocks are the preferred investment asset for insurance institutions in the second half of 2025, followed by bonds and securities investment funds. This indicates a cautious yet optimistic outlook for the insurance sector's investment value [1][1][1].

三、请中国太平洋人寿保险股份有限公司持此批复和中国太平洋人寿保险股份有限公司张北支公司的保 险许可证到国家金融监督管理总局张家口监管分局办理有关换证手续，并按照《银行保险机构许可证管 理办法》的规定办理有关公告事宜。 2025年8月20日，国家金融监督管理总局张家口监管分局发布批复称，《关于中国太平洋人寿保险股份 有限公司张北支公司变更营业场所的请示》（冀太保寿〔2025〕183号）收悉。经审查，批复如下： 一、同意中国太平洋人寿保险股份有限公司张北支公司营业场所由"河北省张家口市张北宏怡嘉苑住宅 小区A29幢商业06号"变更为"河北省张家口市张北县张北镇尚品乐居小区3幢1单元商铺101室、201 室"。 此复。 二、变更营业场所后，中国太平洋人寿保险股份有限公司张北支公司不得在原营业场所办理业务。 ...