Core Viewpoint - Xinhua Insurance aims to serve as a key player in supporting the real economy and maintaining financial stability, showcasing significant growth in revenue and profit in 2024 [1][4]. Financial Performance - In 2024, Xinhua Insurance achieved an operating income of 1325.55 billion yuan, representing a year-on-year increase of 85.27% [3][4]. - The net profit for 2024 reached 262.29 billion yuan, marking a 201.07% increase compared to the previous year, setting a historical record [3][4]. - Total assets as of the end of 2024 amounted to 1.69 trillion yuan, also a new high for the company [4]. Investment Strategy - As of December 31, 2024, Xinhua Insurance's investment scale was 1.63 trillion yuan, with a total investment return rate of 5.8% and a comprehensive investment return rate of 8.5% [2][5]. - The company supported the real economy with an investment scale of 1.09 trillion yuan and a balance of investments aligned with national strategies of approximately 483.3 billion yuan [2][8]. Business Development - Xinhua Insurance's life insurance business saw a premium income of 1705.11 billion yuan in 2024, a 2.8% increase year-on-year [4]. - The new business value for the year was 62.53 billion yuan, reflecting a significant growth of 106.8% [4]. - The company established a comprehensive framework to enhance its service to national strategies, including a three-tier management structure [7]. Shareholder Returns - In 2024, Xinhua Insurance initiated a mid-term dividend distribution, paying out 0.54 yuan per share, totaling 1.685 billion yuan [10]. - The company plans to distribute a year-end cash dividend of 1.99 yuan per share, amounting to 6.208 billion yuan, leading to a total proposed dividend of 78.93 billion yuan for the year, an increase of 197.6% from the previous year [11][10]. Future Outlook - The year 2025 is anticipated to be a pivotal year for the insurance industry, with significant growth potential as the "New National Ten Articles" are fully implemented [12]. - The chairman of Xinhua Insurance emphasized the importance of leveraging opportunities for high-quality development by integrating insurance, investment, and service strategies [12].

Group 1 - The article emphasizes the broad prospects and significant opportunities for the development of the private economy in China, highlighting the importance of optimizing the business environment and ensuring fair competition for private enterprises [1][2] - In 2024, the total tax reductions and refunds for supporting technological innovation and manufacturing will amount to 26,293 billion yuan, with private economic taxpayers benefiting from 15,870 billion yuan, accounting for 60.4% of the total [2] - The number of newly established private enterprises in 2024 is projected to reach 7.3731 million, representing a year-on-year growth of 15% [2] Group 2 - The number of national high-tech enterprises has increased from 28,000 in 2012 to 420,000, with the proportion of private enterprises rising from 62.4% to over 92% [3] - In 2024, the total import and export volume of private enterprises accounted for 55.5% of China's total foreign trade [3] - The private economy is increasingly participating in the restructuring of global supply chains, shifting from mere product exports to collaboration in technology standards and industrial chains [3] Group 3 - The development trajectory of the private economy has evolved from being a "necessary supplement" to an "important component" and now to a "main force" in the national development strategy [5] - From 2018 to 2023, private enterprises accounted for 49.6% of the average annual direct investment of 24.15 billion USD in countries along the "Belt and Road" initiative [5] - The collaboration model between state-owned and private enterprises is exemplified by the partnership in energy storage projects, where state-owned enterprises provide resources and private enterprises contribute technology and operational expertise [5] Group 4 - The article calls for enhancing the innovation capabilities of private enterprises to navigate the increasingly complex international market environment [4] - It suggests increasing investment in basic research and encouraging private enterprises to participate in major national technology projects [4] - The need for a strategic support system that aligns national strategies with the operational capabilities of private enterprises is emphasized [6]