COFCO CAPITAL(SZ:002423) Zheng Quan Shi Bao Wang·2025-11-04 08:45Core Viewpoint - COFCO Capital reported a year-on-year decline in net profit for Q3 2025, attributed to the implementation of IFRS 17 and fluctuations in bond rates and stock investment dividends, despite overall stable operations [1] Group 1: Financial Performance - For the first three quarters of 2025, COFCO Capital achieved a net profit attributable to shareholders of 1.025 billion yuan, reflecting a year-on-year decrease [1] - The company’s investment business profit contribution decreased year-on-year due to various factors, including stable bond rate fluctuations and changes in stock investment dividend timing [1] Group 2: Business Operations and Strategy - COFCO Capital has developed a financial service chain primarily focused on "insurance + trust + futures," supplemented by "industrial funds + financial technology + overseas business" [2] - The company’s subsidiary, Zhongying Life, has maintained an A-class risk rating for 35 consecutive quarters and ranks high among Sino-foreign joint venture insurance companies [2] - Zhongguo Trust has been proactive in the "non-standard to standard" reform, maintaining stable business performance and aiming to establish a second growth curve [2] Group 3: Future Outlook and Strategic Direction - COFCO Capital aims to deepen industrial collaboration and optimize service supply based on customer needs, focusing on core business advantages and enhancing risk control and asset allocation capabilities [3] - The company plans to accelerate financial technology empowerment and build a "production-finance collaborative ecosystem" to inject financial momentum into high-quality development of the real economy and industrial chains [3] - COFCO Capital is committed to a long-term perspective in responding to market changes, ensuring stable operations, and fostering growth potential through transformation and innovation [3]