Zhi Tong Cai Jing·2025-10-13 09:41Core Insights - The company, Xinhua Insurance, expects a significant increase in net profit for the first three quarters of 2025, projecting a range of CNY 29.986 billion to CNY 34.122 billion, which represents a year-on-year growth of 45% to 65% compared to 2024 [1] - The projected net profit excluding non-recurring gains is estimated to be between CNY 28.998 billion and CNY 33.141 billion, indicating a year-on-year increase of 40% to 60% [1] Summary by Sections - Performance Expectations - Xinhua Insurance anticipates net profit for the first three quarters of 2025 to be between CNY 29.986 billion and CNY 34.122 billion, an increase of CNY 9.306 billion to CNY 13.442 billion from 2024 [1] - The expected net profit excluding non-recurring items is projected to be between CNY 28.998 billion and CNY 33.141 billion, reflecting an increase of CNY 8.285 billion to CNY 12.428 billion from the previous year [1] - Growth Drivers - The growth in performance is attributed to the company's commitment to its mission as a financial state-owned enterprise, focusing on core responsibilities and enhancing market competitiveness [2] - The company is implementing systematic reforms and improving operational management across various domains, including product, service, and technology, to drive value growth in its insurance business [2] - Xinhua Insurance is optimistic about the future of the Chinese economy and is strategically optimizing its asset allocation to enhance long-term returns, particularly in response to favorable conditions in the capital market [2]