DiDi(DIDIY) 证券时报网·2024-12-07 01:37Core Viewpoint - Modern Insurance has appointed Zhang Zongtao as the new general manager, marking the second leadership change since the company brought in new investors, Didi and Lenovo, in 2020 [1][3] Group 1: Company Leadership and Structure - Zhang Zongtao, born in 1973, has extensive experience in the insurance industry, having held various positions in institutions such as the People's Bank of China and Huatai Property Insurance [3] - Modern Insurance's ownership structure changed after a capital increase in 2020, with five shareholders now, including Korean Hyundai, Lenovo, and Didi's subsidiary, each holding significant stakes [4] - The company has seen two general manager changes since 2020, with the previous manager resigning in January 2023 [4] Group 2: Business Focus and Strategy - Modern Insurance aims to become a risk management expert in the new mobility ecosystem, focusing on the new energy ride-hailing market [2][6] - The company has set a strategic goal to enhance quality and efficiency, with a focus on value creation [6] - In 2023, the company initiated four key areas of work: stabilizing growth, optimizing costs, implementing strategy, and strengthening fundamentals [7] Group 3: Financial Performance - As of November 15, 2023, Modern Insurance reported a premium income exceeding 1 billion yuan, a year-on-year increase of approximately 36% [7] - The strategic business segment saw a remarkable growth of 222%, with premiums surpassing 500 million yuan [7] - However, the company has faced financial challenges, reporting a net loss of 839.3 million yuan in the first three quarters of 2023, with a combined cost ratio of 125.55% [7][8]