中邮保险举牌四川路桥，年内举牌四次

Core Viewpoint - China Post Insurance increased its stake in Sichuan Road and Bridge by purchasing 114,300 shares, raising its total holdings to 435 million shares, which is 5.00% of the company's total equity. This move is part of a long-term investment strategy to support the company's sustainable development [1]. Group 1: Company Performance - Sichuan Road and Bridge reported a revenue of 73.281 billion yuan for the first three quarters of the year, reflecting a year-on-year growth of 1.95% [1]. - The net profit attributable to shareholders for the same period was 5.3 billion yuan, showing an increase of 11.04% year-on-year, with a significant rise of 59.72% in the third quarter alone, amounting to 2.52 billion yuan [1]. - The company announced a cash dividend of 3.284 billion yuan for the 2024 fiscal year, which represents 50.02% of the net profit attributable to shareholders [2]. Group 2: Investment and Shareholder Returns - Sichuan Road and Bridge has a shareholder return plan for 2025-2027, committing to distribute at least 60% of the annual net profit to shareholders in cash [2]. - A mid-term dividend of 278 million yuan is expected to be distributed in mid-2025, emphasizing the company's commitment to sharing operational success with investors [2]. Group 3: Insurance Sector Insights - China Post Insurance reported an insurance business revenue of 151.311 billion yuan and a net profit of 9.129 billion yuan for the first three quarters, ranking second among non-listed life insurance companies in terms of premium income and net profit [2]. - Despite a 17.66% increase in premium income, China Post Insurance faced a 15.57% decline in net profit, indicating challenges in profitability [2]. - The company experienced a rise in the comprehensive surrender rate to 1.84%, with some products exceeding a 21% surrender rate, alongside a low investment return rate of 0.31% [2][3].