Core Insights - China Pacific Insurance (601601) reported a total premium income of RMB 241.32 billion from its subsidiary China Pacific Life Insurance Co., Ltd. for the period from January 1, 2025, to October 31, 2025, representing a year-on-year growth of 9.9% [1] - The subsidiary China Pacific Property Insurance Co., Ltd. recorded a total premium income of RMB 173.57 billion, with a year-on-year growth of 0.4% [1] - For the first ten months of this year, the combined original insurance premium income of both subsidiaries reached RMB 414.89 billion, showing a year-on-year increase of 5.7% [1]

Macro Dynamics - As of the end of October, the broad money supply (M2) reached 335.13 trillion yuan, with a year-on-year growth of 8.2% [2] - The narrow money supply (M1) stood at 112 trillion yuan, growing by 6.2% year-on-year [2] - The currency in circulation (M0) was 13.55 trillion yuan, reflecting a year-on-year increase of 10.6% [2] - A net cash injection of 728.4 billion yuan occurred in the first ten months of the year [2] Financial Regulation - The Financial Regulatory Bureau is set to release a revised "Commercial Bank Merger Loan Management Measures" to support mergers and restructuring, including for tech enterprises [3] - The Bureau is collaborating with other departments to develop policies that promote high-quality development in technology insurance, providing better economic support for tech activities [3] Market Data - On November 13, the Shanghai Composite Index rose by 0.73%, reaching a ten-year high, with over 100 stocks hitting the daily limit [9] - The Shenzhen Component Index increased by 1.78%, and the ChiNext Index rose by 2.55% [9] - The total trading volume in the Shanghai and Shenzhen markets was 2.04 trillion yuan, an increase of 969 billion yuan from the previous trading day [9] Company Dynamics - China Pacific Insurance reported a premium income of 241.32 billion yuan for its life insurance subsidiary from January to October, a year-on-year increase of 9.9% [7] - Tencent Holdings announced third-quarter revenue of 192.87 billion yuan, a 15% year-on-year increase, with net profit attributable to shareholders rising by 19% [12] - Bilibili reported a third-quarter adjusted net profit of 786 million yuan, a significant increase of 233% year-on-year, with total revenue reaching 7.69 billion yuan [14] - Semiconductor manufacturer SMIC reported a net profit growth of 41.1% year-on-year for the first three quarters, with revenue of 49.51 billion yuan [15] - Kanda New Materials announced the termination of its acquisition of North One Semiconductor due to unmet expectations in transaction progress [18]

Group 1 - China Pacific Insurance's subsidiary, China Pacific Life, reported a cumulative premium income of 241.32 billion yuan for the first ten months, a year-on-year increase of 9.9% [1] - China Pacific Property Insurance, another subsidiary, achieved a cumulative premium income of 173.57 billion yuan, with a year-on-year growth of 0.4% [1] - Nocera Biopharma reported a net loss of 64.41 million yuan for the first three quarters, despite a revenue increase of 59.85% to 1.115 billion yuan [1] Group 2 - Founder Securities received approval from the China Securities Regulatory Commission to issue short-term corporate bonds not exceeding 5 billion yuan [1] - Haicheng Bonda's director plans to reduce his stake by up to 0.97%, equating to 198,400 shares [1] - Yuyuan Group intends to repurchase shares worth between 200 million and 300 million yuan, with a maximum price of 8.60 yuan per share [1] Group 3 - Huaren Shuanghe's subsidiary passed the GMP compliance inspection for a specific diabetes medication [4] - Lichong Group received project notifications from three international automotive manufacturers, with expected sales amounting to approximately 1.135 billion yuan [6] - Deyang Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy [7] Group 4 - Longxin General announced the transfer of its entire stake in a subsidiary for 105.6 million yuan, and also plans to divest another stake for 1 yuan due to poor performance [16] - Kangda New Materials decided to terminate the acquisition of a semiconductor company due to unsatisfactory due diligence progress [17] - Lu'an Environmental reported a 3.28% year-on-year increase in coal sales for October, totaling 3.78 million tons [18] Group 5 - Shanghai Port Group plans to invest 2 billion yuan to establish a new holding company with several state-owned enterprises [20] - Borui Pharmaceutical's new drug for obesity treatment has received clinical trial approval [23] - Silver Dragon Co. has completed the registration of a new energy industry fund focusing on high-growth potential projects [24] Group 6 - Hengrui Medicine received approval for a clinical trial of a prostate cancer drug [11] - Baiji Shenzhou reported a net profit of 1.139 billion yuan for the first three quarters, marking a turnaround from losses [36] - Huasheng Pharmaceutical's special medical food product has received registration certification [60]

Group 1 - The core viewpoint of the article highlights the performance of China Pacific Insurance (601601) during the period from January 1, 2025, to October 31, 2025, indicating a positive growth in premium income [1] - China Pacific Life Insurance Co., Ltd., a subsidiary of the company, reported a cumulative original insurance premium income of RMB 241.322 billion, representing a year-on-year increase of 9.9% [1] - China Pacific Property Insurance Co., Ltd., another subsidiary, recorded a cumulative original insurance premium income of RMB 173.567 billion, showing a modest year-on-year growth of 0.4% [1]

证券代码：601601 证券简称：中国太保 公告编号：2025-062 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）股份有限公司董事会 2025 年 11 月 14 日 注： 中国太平洋保险（集团）股份有限公司 保费收入公告 于 2025 年 1 月 1 日至 2025 年 10 月 31 日期间，本公司子公司中 国太平洋人寿保险股份有限公司累计原保险保费收入为人民币 2,413.22 亿元，同比增长 9.9%，本公司子公司中国太平洋财产保险股 份有限公司累计原保险保费收入为人民币 1,735.67 亿元，同比增长 0.4%。 上述累计原保险保费收入数据未经审计，提请投资者注意。 特此公告。 1、原保险保费收入数据根据中华人民共和国财政部《企业会计准则第 25 号—原保险合同》（财会〔2006〕 3 号）及《保险合同相关会计处理规定》（财会〔2009〕15 号）编制。 2、中国太平洋财产保险股份有限公司累计原保险保费收入为包含其子公司太平洋安信农业保险股份有限公 司的合并数据。 ...

Group 1 - The core point of the article is that China Pacific Insurance has reported its insurance premium income for the period from January 1, 2025, to October 31, 2025, showing growth in both life and property insurance segments [1] Group 2 - China Pacific Life Insurance Co., Ltd. achieved a cumulative original insurance premium income of RMB 241.322 billion, representing a year-on-year increase of 9.9% [1] - China Pacific Property Insurance Co., Ltd. reported a cumulative original insurance premium income of RMB 173.567 billion, with a year-on-year growth of 0.4% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 中國太平洋保險（集團）股份有限公司 CHINA PACIFIC INSURANCE (GROUP) CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：02601） 香 港，2025年11月14日 於 本 公 告 日 期，本 公 司 執 行 董 事 為 傅 帆 先 生 和 趙 永 剛 先 生；非 執 行 董 事 為 黃 迪 南 先 生、王 他 竽 先 生、陳 然 先 生、周 東 輝 先 生、路 巧 玲 女 士 和John Robert DACEY先 生；和 獨 立 非 執 行 董 事 為 陳 欣 女 士、林 婷 懿 女 士、羅 婉 文 女 士、金 弘 毅 先 生 和 姜 旭 平 先 生。 1. 原 保 險 保 費 收 入 數 據 根 據 中 華 人 民 共 和 國 財 政 部《企 業 會 計 準 則 第25號－原 ...

Core Insights - China Pacific Insurance (601601.SH) announced that from January 1, 2025, to October 31, 2025, its subsidiary China Pacific Life Insurance Co., Ltd. achieved a cumulative original insurance premium income of RMB 241.32 billion, representing a year-on-year growth of 9.9% [1] - The company's other subsidiary, China Pacific Property Insurance Co., Ltd., reported a cumulative original insurance premium income of RMB 173.57 billion, with a year-on-year growth of 0.4% [1] Group 1 - The cumulative original insurance premium income of China Pacific Life Insurance Co., Ltd. reached RMB 241.32 billion [1] - The year-on-year growth for China Pacific Life Insurance Co., Ltd. was 9.9% [1] - China Pacific Property Insurance Co., Ltd. reported a cumulative original insurance premium income of RMB 173.57 billion [1] Group 2 - The year-on-year growth for China Pacific Property Insurance Co., Ltd. was 0.4% [1]

Core Insights - China Pacific Insurance (601601.SH) reported a cumulative original insurance premium income of RMB 241.32 billion from January 1, 2025, to October 31, 2025, representing a year-on-year growth of 9.9% [1] - The company's subsidiary, China Pacific Property Insurance Co., Ltd., recorded a cumulative original insurance premium income of RMB 173.57 billion during the same period, showing a year-on-year increase of 0.4% [1] Group 1 - The life insurance segment of China Pacific Insurance demonstrated strong growth with a 9.9% increase in premium income [1] - The property insurance segment showed modest growth, with a 0.4% increase in premium income [1]

Group 1 - The core point of the article is that China Pacific Insurance has reported its insurance premium income for the period from January 1, 2025, to October 31, 2025, showing growth in both life and property insurance segments [1] Group 2 - China Pacific Life Insurance Co., Ltd. achieved a cumulative original insurance premium income of RMB 241.322 billion, representing a year-on-year increase of 9.9% [1] - China Pacific Property Insurance Co., Ltd. reported a cumulative original insurance premium income of RMB 173.567 billion, with a year-on-year growth of 0.4% [1]