China Pacific Insurance Group Co Ltd Reports Strong Q4 Performance
China Pacific Insurance Group Co Ltd has announced its financial results for the latest quarter, showing a significant improvement in earnings and revenue.
- Earnings per share increased by 37% year-over-year to 1.90 CNY.
- Revenue grew by 9.91% year-over-year to 102.48 billion CNY.
- Insurance services income reached 1418.24 billion CNY, a 3.5% increase from the same period last year.
- Net profit attributable to shareholders rose by 11% year-over-year to 278.85 billion CNY.
The company has also made changes to its board of supervisors, with the chairman resigning. Shareholders have approved the changes and amendments to the board.
Corporate Governance and Strategy
China Pacific Insurance is focusing on maintaining a stable and sustainable dividend policy, with the aim of balancing operational profits and investment returns. The company is also making efforts to optimize its core business structure and enhance its operational resilience.
Key Highlights
- Resignation of the chairman of the board of supervisors
- Approval of board changes and amendments by shareholders
- Focus on maintaining a stable and sustainable dividend policy
- Optimization of core business structure and enhancement of operational resilience