股权拍卖遇冷、偿付能力不达标，亚太财险回应：正积极推进引战工作

Core Viewpoint - Asia-Pacific Property Insurance reported a decline in insurance business revenue and a turnaround in net profit, but its risk rating has dropped to C level, indicating non-compliance with solvency requirements [1][6]. Financial Performance - In Q1, Asia-Pacific Property Insurance achieved insurance business revenue of 1.375 billion yuan, a year-on-year decrease of 8.5% [1]. - The company turned a profit of 9 million yuan in net profit, compared to a loss in the previous year [1]. - The solvency adequacy ratio was reported at 106.9%, but the risk rating is now classified as C, indicating non-compliance with regulatory standards [6]. Shareholder Issues - The company has faced ongoing issues related to shareholder equity, with significant debt crises affecting major shareholders [2][3]. - The major shareholder, HNA Capital, has been involved in multiple asset disposals and auctions due to financial difficulties, including the pledge of its 51% stake in Asia-Pacific Property Insurance [5]. - The company has seen its shares being transferred to creditors as part of debt settlements, with significant portions of equity being auctioned off [3][5]. Strategic Adjustments - The company is actively pursuing strategic investments to improve its governance and financial standing, including potential partnerships with third-party institutions [1][7]. - Asia-Pacific Property Insurance is focusing on restructuring its business model to prioritize profitability over scale, particularly in the face of a challenging macroeconomic environment [6][7]. - The company aims to enhance its operational efficiency by optimizing its business structure and increasing the proportion of high-quality business [7].