SRBC(SH:600039) Zhong Guo Jing Ying Bao·2025-12-19 15:01Core Viewpoint - Zhongyou Life Insurance Co., Ltd. has increased its stake in Sichuan Road and Bridge Group Co., Ltd. to 5% of the total share capital, reaching the threshold for a significant shareholding [2] Group 1: Shareholding and Investment Strategy - Zhongyou Life purchased 114,300 shares of Sichuan Road and Bridge, representing 0.0013% of the company's total share capital [2] - The total shares held by Zhongyou Life after the purchase amount to 435 million [2] - The company aims to enhance its equity investment, with its portfolio growing from 4.1 billion yuan at the beginning of 2024 to 50.7 billion yuan by the end of October 2025 [2] Group 2: Financial Performance - In the first three quarters of 2025, Zhongyou Life reported insurance business revenue of approximately 151.31 billion yuan and a net profit of 9.129 billion yuan [2] - The comprehensive investment return rate for the first three quarters was 0.31%, which is below the industry average, with a significant drop to -1.90% in the third quarter [3] Group 3: Capital Adequacy and Regulatory Compliance - As of the end of Q3 2025, Zhongyou Life's comprehensive solvency adequacy ratio was 165.0%, down 29.6 percentage points from the previous quarter [3] - The actual capital stood at 70.97 billion yuan, a decrease of 17.09 billion yuan or 19.4% [4] - The core capital was reported at 39.8 billion yuan, down 18.39 billion yuan or 31.6% [4]