精准抄底三年四亿，中国人保神秘股东孔凤全是谁？

Core Viewpoint - The article highlights the unique position of a natural person investor, Kong Fengquan, who has become the seventh largest shareholder of China Life Insurance (601319.SH) with a holding of 50.96 million shares, representing 0.12% of the company, amidst a highly concentrated shareholder structure dominated by state-owned entities and large institutional investors [4][6]. Financial Performance - China Life Insurance reported a revenue of 324 billion yuan for the first half of 2025, marking a year-on-year increase of 10.85%, and a net profit attributable to shareholders of 26.53 billion yuan, up 16.94% year-on-year [4]. - The company's stock price as of September 4 was 8.47 yuan per share, giving it a market capitalization of 374.6 billion yuan, with Kong Fengquan's holdings valued at approximately 432 million yuan [4]. Shareholder Structure - The top shareholders of China Life Insurance include the Ministry of Finance with 60.84%, followed by H-share shareholders and social security funds, while other shareholders hold less than 1% [4][5]. - Kong Fengquan's entry into the top ten shareholders is notable as it is rare for a natural person to hold such a position in major financial blue-chip stocks in China [4][6]. Investment Strategy - Kong Fengquan first appeared in the top ten shareholders in Q3 2022 with approximately 16.63 million shares, and has since increased his holdings each quarter to reach 50.96 million shares by Q3 2023 [6]. - The stock price of China Life Insurance has rebounded significantly, with a maximum increase of 100% from Q3 2022 to Q2 2025, and a 54% increase from Q3 2023 to Q2 2025 [6][7]. Dividends and Returns - Kong Fengquan's investment strategy appears to have been successful, as he has received over 25 million yuan in dividends from China Life Insurance between 2022 and 2024, with an expected dividend of 3.8 million yuan in mid-2025 [7][8].