到达举牌线仍不停手，长城人寿遭警示！频频举牌背后盈利承压

Core Viewpoint - Changcheng Life Insurance has received an administrative warning from the Hebei Securities Regulatory Bureau for failing to cease trading shares of Xintian Green Energy after reaching a 5% stake, violating relevant regulations [1][3][5]. Group 1: Regulatory Actions - On December 9, the Hebei Securities Regulatory Bureau issued a warning letter to Changcheng Life Insurance for violating securities laws during its share acquisition of Xintian Green Energy [1][3]. - The company increased its holdings in Xintian Green Energy by 1 million shares on September 23, bringing its total to 21.04 million shares, which is 5.0027% of the total share capital, thus reaching the threshold for disclosure [1][5]. - The warning has been recorded in the securities and futures market integrity file, and the company is required to submit a written report to the regulatory bureau within 15 days [6]. Group 2: Financial Performance - Changcheng Life Insurance's third-quarter performance showed a stark contrast, with investment returns improving year-on-year, while insurance business revenue and net profit both declined significantly, with net profit dropping by 70.92% [1][9]. - The company's insurance business revenue for the first three quarters was 21.455 billion yuan, down 5.92% year-on-year, while net profit was 156 million yuan, a decrease of 70.92% [9]. - Despite the challenges in profitability, the company reported an investment return rate of 4.65% and a comprehensive investment return rate of 6.07%, both of which increased year-on-year [9]. Group 3: Capital and Solvency - As of the end of the third quarter, Changcheng Life Insurance's total assets reached 165.916 billion yuan, a 21% increase from the beginning of the year [9]. - The company's core and comprehensive solvency adequacy ratios were 102.21% and 153.84%, respectively, both showing a decline from the previous quarter [10]. - The core tier one capital decreased by 17% to 11.329 billion yuan, with a slight forecasted increase to 11.576 billion yuan for the next quarter [10].