智通财经网·2026-01-26 06:40Core Viewpoint - Huachuang Securities has issued a report predicting that China Taiping (00966) will have an enterprise value per share (EVPS) of HKD 56.9, 65.8, and 75.6 for the years 2025 to 2027 respectively, with a target price of HKD 29.6 for 2026, maintaining a "recommended" rating [1] Financial Performance - The company expects its net profit attributable to shareholders for the year 2025 to increase by 215% to 225%, amounting to a total performance of HKD 26.6 billion to HKD 27.4 billion [1] - For the first half of 2025, China Taiping has already achieved a net profit of HKD 6.8 billion, representing a year-on-year growth of 12% [1] - The projected net profit for the second half of 2025 is estimated to be between HKD 19.8 billion and HKD 20.6 billion, indicating a year-on-year increase of 723% to 758% [1] Performance Drivers - The significant growth in performance is attributed to a low base effect, equity elasticity, and one-time tax impacts, with expectations of continued active equity contributing to performance elasticity in the first half of the year [1]