Shang Hai Zheng Quan Bao·2025-10-31 06:45Core Viewpoint - The company reported significant growth in total premiums and investment income for the third quarter of 2025, indicating a strong operational performance and market position. Financial Data - Total premiums reached RMB 669.645 billion, a year-on-year increase of 10.1%, with renewal premiums at RMB 451.611 billion (up 10.0%) and new premiums at RMB 218.034 billion (up 10.4%) [6][7] - Total investment income was RMB 368.551 billion, reflecting a 41.0% increase year-on-year, with an investment return rate of 6.42%, up 104 basis points [6][7] Operational Analysis - The company achieved a net profit attributable to shareholders of RMB 167.804 billion, a substantial increase of 60.5% compared to the previous year [7] - The company maintained a low surrender rate of 0.74%, indicating stable customer retention [6] - The sales force comprised 657,000 personnel, with a focus on professional development and quality improvement [6] Shareholder Information - The total number of ordinary shareholders and the top ten shareholders' holdings were reported, with no significant pledges or freezes noted for the majority of shareholders [5] Investment Strategy - The company plans to invest RMB 20 billion in a joint equity investment plan with related parties, focusing on sectors such as semiconductors, digital energy, and smart electric vehicles [14][21][28] - The investment aims to enhance returns and support the real economy, aligning with national strategic goals [27][28] Governance and Compliance - The board of directors and supervisory board confirmed the accuracy and completeness of the quarterly report, ensuring compliance with relevant regulations [2][3][11]