中国人寿：4Q net loss dragged by fair value contraction; DPS rose 31.7% ahead of expectations-20260327

27 Mar 2026 CMB International Global Markets | Equity Research | Company Update China Life (2628 HK) China Life (2628 HK) - 4Q net 4Q net loss dragged by fair value contraction; ahead of expectations DPS rose 31.7% ahead of expectations China Life reported FY25 results, with net profit rising 44.1% YoY to RMB154bn, translating into a net loss of RMB13.7bn in 4Q25 due to enlarged fair value losses against the backdrop of turbulent stock and bond markets over the last quarter. Net asset value climbed 16.8% Yo ...