研报掘金丨方正证券： 维持中国人寿“强烈推荐”评级 后续利润和NBV有望随市场回暖

Group 1 - The core viewpoint of the report indicates that China Life's 1H25 performance is in line with expectations [1] - The company's net profit attributable to shareholders for 1H25 is 40.93 billion, representing a year-on-year increase of 6.9% [1] - The growth rate has significantly declined from 39.5% in 1Q25, likely due to a decrease in interest rates in 2Q25 affecting the profitability of certain policies [1]