Zhi Tong Cai Jing·2025-08-22 08:19Core Viewpoint - Zhongan Online (06060) reported a net profit of 668 million RMB for the first half of the year, surpassing the total profit of the previous year and exceeding expectations [1] Financial Performance - The company's underwriting profit exceeded expectations, leading to a downward revision of the overall cost ratio forecast for the year [1] - Zhongan Bank has turned from loss to profit, indicating an entry into a profit cycle that will enhance its contribution to overall earnings [1] Earnings Forecast - The earnings estimate for Zhongan Online has been raised, with an expected profit of 1.23 billion RMB for the year, representing a year-on-year growth of 100% [1] - The target price has been adjusted from 16 HKD to 23 HKD, maintaining a "Buy" rating [1]