Xin Lang Cai Jing·2025-10-21 14:25Core Viewpoint - Zhongyou Life Insurance Co., Ltd. has made its third stock acquisition of a listed company this year, increasing its stake in China Railway Signal & Communication Corp. to over 5% through the Hong Kong Stock Connect [1][2]. Group 1: Stock Acquisition Details - On October 14, Zhongyou Life purchased 3,995,000 H-shares of China Railway Signal, raising its total holdings to 101,772,000 shares, which represents 5.1692% of the H-share capital [1]. - The average purchase price was 3.6173 HKD per share, totaling approximately 14.45 million HKD [1]. - Prior to this acquisition, Zhongyou Life held 97,777,000 shares, accounting for 4.9663% of the H-share capital [1]. Group 2: Financial Position and Strategy - As of June 30, 2025, Zhongyou Life's equity assets amounted to 100.775 billion RMB, making up about 17.08% of its total assets [2]. - The investment in China Railway Signal is managed by Zhongyou Insurance Asset Management Co., Ltd., which will closely monitor the company's performance and market reactions, indicating potential for further investments [2]. Group 3: Company Background - Zhongyou Life is a life insurance company controlled by China Post Group, headquartered in Beijing, with a registered capital of 32.643 billion RMB [3]. - In the first half of 2025, the company reported insurance business income of 118.072 billion RMB and a net profit of 5.177 billion RMB [3]. - The solvency ratios as of the end of the second quarter were 128.57% for core solvency and 194.59% for comprehensive solvency, with recent risk ratings classified as BB [3].